Kidney Function Test Market Saw a Massive Spike in 2018 - Emerging Multinationals Siemens, Abbott and Sysmex - Forecast to 2023

Detail Analysis of “Global Kidney Function Test Market” with respect to region specific market growth and competitive analysis on the basis of major players present in the market. The study also provides a comprehensive review of restraints, market dynamics and drivers. – Outlet till 2023

Market Overview:

The global kidney function test market is expected to reach an approximate CAGR of 5.7% during the forecast period. Kidney function tests are carried out to evaluate the functioning of kidneys. The kidney function test market is expected to witness growth owing to the rising prevalence of chronic kidney diseases. According to the Centers for Disease Control and Prevention (2017), 30 million people in the U.S. suffer from Chronic Kidney Disease (CKD). Other key factors such as an increase in alcohol consumption, change to sedentary lifestyle, growing prevalence of diabetes, rising obesity, and increasing prevalence of cardiovascular diseases are contributing towards the growth of the market. Diabetes is associated with kidney disorders because diabetes damage the blood vessels of kidneys which leads to improper functioning of kidneys. Such conditions contribute to risk for kidney disorders. According to the Centers for Disease Control and Prevention 2017, 44% of the diabetic patients suffered from End-Stage Renal Disease (ESRD) in the U.S. The prevalence of diabetes increases the potential patients for kidney function test, providing favorable backgrounds for the market to grow. Also, other factors such as growing geriatric population and technological advancements drive the growth of the market. However, factors such as high cost of diagnostic procedures, infections, and huge initial investments are expected to restrict the market growth during the forecast period.

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Key Players for Global Kidney Function Test Market:

• Urit Medical
• Sysmex Corporation
• Siemens Healthcare GmbH (Germany)
• F. Hoffmann-La Roche Ltd
• Randox Laboratories
• Opti Medical
• Nova Biomedical
• Beckman Coulter
• ARKRAY, Inc.
• Acon Laboratories
• Abbott
• 77 Elektronika
• Medical Care (Germany)
• Baxter (U.S.)
• Boston Scientific (U.S.), and others

Segments for Global Kidney Function Test Market:

The global kidney function test market is segmented on the basis of tests, product, and end-user. The kidney function test market, by tests categorized into blood tests, imaging tests, urine tests balloons and kidney biopsy. Blood tests category includes serum creatinine, glomerular filtration rate (GFR), and blood urea nitrogen (BUN). The imaging tests segment includes ultrasound and CT scan. The urine tests category includes urinalysis, urine protein, microalbuminuria, and creatinine clearance. The product segment is segmented into dipsticks, disposables, and reagents. On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic laboratories, ambulatory surgical centers, academic research laboratories, and others.

Regional Analysis for Global Kidney Function Test Market:

The Americas is expected to dominate the kidney function test market during the forecast period. The rise in the occurrence of chronic kidney diseases drives the market in this region. According to the Centers for Disease Control and Prevention (2017), 30 million Americans are affected by Chronic Kidney Disease. It is also mentioned that CKD is more prevalent in women than in men. This influences the market growth during the forecast period.

Europe (U.K., Belgium, France, and the Netherlands) is second in the market owing to the increasing prevalence of diabetes and growing healthcare expenditure. According to the World Health Organization 2015, 60 million people in Europe are affected by diabetes. High prevalence of diabetes drives the market growth in this region.

Asia Pacific is expected to observe growth in the global kidney function test market owing to increasing prevalence of diabetes, rising geriatric population, high blood pressure, and change to an unhealthy lifestyle. High blood pressure damages the blood vessels of the kidney which eventually leads to improper functioning of the kidney. According to the Blood Pressure Association in 2015, large patient pool with high blood pressure was found in South Asia with 226 million people in China and 199 million in India. This provides favorable backgrounds for the market growth.

The Middle East and Africa accounts for the least share due to stringent government policies and low national income.

Some Brief Table of Contents of Report:

Chapter 1. Report Prologue

Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations

Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation

Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges

TOC Continued...

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Release ID: 412590