GlobalKidney/Renal Function Test Market was valued at US$ 664.2 Mn in 2019 and isexpected to reach US$ 1130.5 Mn by 2026, at a CAGR of 6.87% during a forecastperiod.
Global Kidney Renal Function Test Market
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The kidney/renal function test is used for diagnosing anydefect of the kidney. Kidney/Renal function test plays a vital role in thetreatment and quality of life of kidney disease affected patients.
Global Kidney/Renal Function Test Market Dynamics:
The occurrence of functional damage of kidneys is increasingat a rapid rate. An excessive alcohol consumption, high blood pressure,hypertension, diabetes blood in urine, and difficulty in urination are some ofthe factors, which increases chronic kidney disease. High incidence of chronickidney diseases and demand for efficient diagnosis of kidney diseases areexpected to boost the adoption of the kidney/renal function test.
Prevalence of Kidney Disease: Drives Kidney/Renal FunctionTest Adoption
Chronic kidney disease is becoming a public health problem,which has a high economic cost associated. The global prevalence of chronickidney disease is expected to increase by nearly about 14% because of theprevalence of risk factors like diabetes, hypertension, and obesity. A shift inlifestyle causes the risk of obesity, which is expected to lead to high demandfor mandatory screening tests in patients.
COVID-19 Impacts the Kidneys
Some of the patients with severe cases of COVID-19 haveshown signs of kidney damage. In the pandemic, more than 40% of admittedpatients with COVID-19 have shown signs of abnormal kidney function likealbuminuria or hematuria. The impact of COVID-19 on the kidneys have appearedmultifactorial.
An increase in comorbidities of COVID-19 like cardiovasculardiseases, hypertension, and chronic kidney disease have seen as contributors tothe development of kidney impairment. According to the analysis, more than 30%of patients hospitalized with COVID-19 in China and New York have developedmoderate or severe kidney injury. High levels of protein in the urine andabnormal blood work were some of the signs of kidney problems, which was foundin patients with COVID-19, that driven the demand for Kidney/Renal functiontest.
Key Facts: Kidney Disease
The overall prevalence of kidney disease in the generalpopulation is nearly more than 14%.
High blood pressure and diabetes are the main reasons forkidney disease.
Every year, kidney disease kills more people than breast orprostate cancer.
Global Kidney/Renal Function Test Market Segment Analysis:
Urine tests are expected to contribute XX% share in theglobal kidney/renal function test market. An increase in usages of urinedipsticks analysis, easy process of sample collection over blood tests, whichcan cause discomfort and swelling and low risk of infection are some of thefactors, which drives the major contribution share in the market by urinetests.
The dipsticks segment is expected to grow at an XX% rate ofCAGR during the forecast period. A dipstick is a plastic stick, which isavailable in the form of stripes. It helps to detect urinary tract disorderslike chronic kidney disease, bladder infections, and kidney stone.Cost-effectiveness and widespread application are expected to increase thedemand for dipsticks.
Global Kidney/Renal Function Test Market Regional Analysis:
North America is expected to contribute XX% share in theglobal kidney/renal function test market. The effect of the Coronavirus wasvery drastic in the region, mainly in the United States. Growth in thegeriatric population and the prevalence of various kidney diagnosis areexpected to boost the regional market growth.
According to the Centers for Disease Control and Prevention,more than 38 million population had suffered chronic kidney disease in 2019.High healthcare expenditure, technological developments and the presence ofwell-established healthcare infrastructure are expected to boost the marketgrowth.
GlobalKidney Renal Function Test Market 1
The burden of kidney failure deaths in India is increasingat a rapid rate:
Chronic kidney disease is one of the major public healthproblems in India. Every year, more than 1, 75,000 new cases of kidney failurehave been reported in India. Despite, kidney diseases have not received aspublic attention as the amount of the problem deserves, public awareness isexpected to promote kidney health. The high incidence of diabetes and heartdisease in India is expected to increase the health-cost crisis in the nearfuture.
Global Kidney/Renal Function Test Market CompetitiveAnalysis:
Research development is a major driver accelerating thegrowth of the global kidney/renal function test market. Doctors and healthcareprofessional constantly strive to introduce technologically advanced solutionsto overcome various challenges. Some of the prominent key players are focusingto introduce some of the innovative research development activities, which areexpected to form a robust footprint in the healthcare sector. For instance, in2020, SphingoTec GmbH has launched IB10 sphingotest penKid, which enablesreal-time evaluation of kidney function.
An increase in investments in the field of kidney functiontesting is expected to boost the market growth. For instance, Elypta AB hasinvested US $ 7.0 Mn to develop urine test for kidney cancer. Also, some of thepublic-private organizations are undertaking many initiatives to facilitatekidney disease. In 2020, National Kidney Foundation has collaborated with theNational Committee for Quality Assurance to introduce a new kidney healthevaluation measure.
The objective of the report is to present a comprehensiveanalysis of the Global Kidney/Renal Function Test Market including all thestakeholders of the industry. The past and current status of the industry withforecasted market size and trends are presented in the report with the analysisof complicated data in simple language.
The report covers all the aspects of the industry with adedicated study of key players that include market leaders, followers and newentrants by region. PORTER, SVOR, PESTEL analysis with the potential impact ofmicro-economic factors by region on the market has been presented in thereport. External as well as internal factors that are supposed to affect thebusiness positively or negatively have been analyzed, which will give a clearfuturistic view of the industry to the decision-makers.
The report also helps in understanding the GlobalKidney/Renal Function Test Market dynamics, structure by analyzing the marketsegments and projects the Global Kidney/Renal Function Test Market size. Clearrepresentation of competitive analysis of key players by Application, price,financial position, Product portfolio, growth strategies, and regional presencein the Global Kidney/Renal Function Test Market make the report investor’sguide.
Scope of the Global Kidney/Renal Function Test Market:
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Global Kidney Renal Function Test Market 2
Global Kidney/Renal Function Test Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Kidney/Renal Function Test Market Key Players
• Siemens Healthineers
• Beckman Coulter
• Roche
• Abbott Laboratories
• Sysmex Corporation
• Urit Medical
• Arkray
• Opti Medical
• Acon Laboratories
• 77 Elektronika
• Randox Laboratories
• Nova Biomedical
• Danaher Corporation
• F. Hoffmann-La Roche
• Quest Diagnostics
• Laboratory Corporation of America Holdings
• OPTI MEDICAL SYSTE
• bioMérieux SA
• Laboratory Corporation of America Holdings
• Arbor Assays
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