The increasing prevalence of chronic kidney diseases, increase in alcohol consumption, change to sedentary lifestyle, growing prevalence of diabetes, rising obesity and increasing prevalence of cardiovascular diseases are the key factors for the market to grow.
The global kidney function test market is expected to reach an approximate CAGR of 5.7% during the forecast period.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
Some of the key players for the global kidney function test market are 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.
Segmentation
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
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.
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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.
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.The “Kidney Function Test Market Report” In-Depth competition analysis of the major companies in the report, sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue.The Kidney Function Test Market Report provide valuable insight with an emphasis on the global market including some of the major players such As, 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, Cook Medical, 77 Elektronika, Medical Care (Germany), Baxter (U.S.), Boston Scientific (U.S.), and others.that is expected to witness the fastest growth as well as to dominate the market Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
The kidneys also help to control the water levels and different essential minerals in the body.
Some of the symptoms that may indicate a problem with kidneys include high blood pressure, blood in the urine, frequent urges to urinate, difficulty beginning urination, painful urination, swelling of the hands and feet due to a buildup of fluids in the body.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the kidney/renal function test system market.
Research Methodology: The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market.
This exercise was done at a country level to get a fair idea of the market in countries considered for this study.
Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for kidney/renal function test market.
