Kidney Function Tests Market: Projected Growth and Opportunities in 2028

According to a report by TechSci Research titled "Global Kidney Function Tests Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028," the global kidney function tests market is projected to grow at a CAGR of 9.71% and reach a value of USD 1,520 million by 2028. The increasing prevalence of underlying conditions like diabetes and hypertension is contributing to a rise in kidney disorders, thereby driving the growth of the global kidney function tests market. Moreover, the growing awareness about diagnostic methods for kidney function and advancements in diagnostic equipment and tools are further fueling the demand for these tests.

Furthermore, public-private alliances are improving the accessibility of kidney disease diagnostics. For instance, the National Kidney Foundation (NKF) and the National Committee for Quality Assurance (NCQA) issued new guidelines in July 2020 for kidney health evaluation in diabetes patients. Regular kidney disease screenings are recommended for diabetic patients based on these guidelines, creating a favorable environment for market revenue growth. The increasing prevalence of various kidney diseases has led to a higher utilization of kidney function testing. The National Kidney Foundation states that serum creatinine levels above 1.2 for women or 1.4 for men may indicate early signs of impaired kidney function, and these levels may further rise as kidney disease progresses. However, stringent regulatory approvals, lack of awareness, and the possibility of false positive reports may hinder market growth during the forecast period.

Browse over 159 market data Figures spread through 245 Pages and an in-depth TOC on "Kidney Function Tests Market"- https://www.techsciresearch.com/report/kidney-function-tests-market/4585.html

The global kidney function tests market is segmented by type, component, and end user. In terms of type, the market is divided into urine tests and blood tests. Urine tests are further categorized into Urine Protein Tests, Creatinine Clearance Tests, and Microalbumin Tests. Blood tests are further classified into Serum Creatinine Tests, Glomerular Filtration Rate Tests, and Blood Urea Nitrogen Tests. The urine tests segment is expected to witness growth during the forecast period due to their affordability and frequent usage in the diagnosis of bladder infections, diabetes, and kidney stones.

Based on component, the market is categorized into Dipsticks, Reagents, Kits & Assays, and Others. The Dipstick segment is projected to hold the largest market share in the global kidney function tests market over the forecast period. This is attributed to its ability to detect ketones, blood, glucose, urobilinogen, nitrite, and proteins, as well as its cost-effectiveness.

Major companies operating in global kidney function tests market are:

• Baxter International Inc.
• Abbott Laboratories, Inc.
• Sysmex Corporation
• F. Hoffmann-La Roche Ltd
• Danaher Corporation
• URIT Medical Electronic Co. Ltd
• Nova Biomedical Corporation
• Laboratory Corporation of America Holdings
• Siemens Healthineers
• ARKRAY Inc.
• IDEXX Laboratories, Inc
• Fresenius SE & Co. KGaA
• Cook Group
• ACON Laboratories, Inc.
• Randox Laboratories Ltd.

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“Asia-Pacific is expected to register the highest growth of around 10.11% during the forecast period. This is attributed to the rising number of high blood pressure and diabetes patients, who are prone to chronic kidney diseases, and growing health concerns, concerning the rise in demand for advanced diagnostic and therapeutic regimens for chronic kidney diseases. Hence, the companies are adopting various ingrowth strategies such as mergers and acquisitions, partnerships and collaborations, and others. Emerging companies can setup their business in the Asia-Pacific region, due to low manufacturing cost, low labor cost, various untapped opportunities, and others is expected to propel the global Kidney Function Tests market growth till 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Kidney Function Tests Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Urine Tests, Blood Tests), By Component (Dipsticks, Reagents, Kits & Assays, Others), By End User (Hospitals & Clinics, Diagnostic Laboratories, Others), By Region and Competition”, has evaluated the future growth potential of global Kidney Function Tests and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global Kidney Function Tests market.

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