Kidney/Renal Function Test Market analysis report bestows clients with the best results and for the same it has been produced by using integrated approaches and latest technology. This market analysis report encompasses the growth factors of the worldwide market based on end-users. Also, the industry changing factors for the market segments are explored in this report. The report forecasts the innovative applications of the product market on the basis of several estimations. With Global Kidney/Renal Function Test Market report, it becomes easier to establish and optimize each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization.
The persuasive Global Kidney/Renal Function Test report explains the growing popularity of the market competition by leading manufacturers or players, with sales volume, revenue (Million USD), price (USD/Unit), and market share for every individual manufacturer or player. This market report gives wide-ranging analysis of the market structure and the evaluations of the various segments and sub-segments of the Food Beverage industry. Not to mention, several charts and graphs have been used effectively to represent the facts and figures in a proper way. The winning Global Kidney/Renal Function Test Market business report gives information about the competitive situation among the market vendors and company profile.
Data Bridge Market Research analyses a growth rate in the kidney/renal function test market in the forecast period 2023-2030. The expected CAGR of the kidney/renal function test market tends to be around 6.20 % in the mentioned forecast period.
Market Overview
The kidney/renal function tests are used to diagnose any defect in the functions of the kidney. The common symptoms of these diseases are difficulty in urination due to increased body fluids, blood in urine, swelling in hands or feet, and swollen face. Kidney or Renal diseases may develop over the years, leading to end-stage kidney (or renal) disease (ESRD). It has become a massive public health issue. For the correct identification of these diseases, they are used widely.
Some of the major players operating in the Kidney/Renal Function Test market report are
- Akaciamedical
- HTL-STREFA S.A.
- Sarstedt AG Co. KG
- Thermo Fisher., BD
- B. Braun Melsungen AG
- Cardinal Health
- Terumo Medical Corporation
- Chembio Diagnostics, Inc
- Owen Mumford Ltd, Neoteryx
- LLC, Greiner Bio-One International GmbH
- Improve Medical
- KABE LABORTECHNIK GmbH
- Nipro Europe Group Companies
- Danaher, FL MEDICAL s.r.l.
- SureScreen Diagnostics Ltd
- F. Hoffmann-La Roche Ltd
- Ypsomed AG, Creative Diagnostics
- Abbott, Vitrex Medical A/S
- CHENGDU RICH SCIENCE INDUSTRY CO., LTD
Global Kidney/Renal Function Test Market Dynamics
Drivers
- Increased Prevalence of Kidney Diseases
The growing incidence of chronic kidney disease worldwide is majorly responsible for enhancing the market's growth. As per the National Kidney Foundation records, approximately 10% of the global population is affected by chronic kidney disease (CKD). According to WHO facts 2019, around 1.13 billion people globally have hypertension. In 2014–2016, diabetes and hypertension were responsible for about 75% of kidney failure. This increasing prevalence demands higher demand for tests for early disease detection, leading to market growth. Thus, it boosts the market growth.
- Increasing Technological Advancements by Market Players
The increased adoption of digital urinalysis specifies the increasing demand for home diagnostics, enhancing market growth. For instance, Healthy.io, a start-up in digital health headquartered in Israel, developed an FDA-cleared at-home smartphone urinalysis test to assist people in opting for kidney tests for proteins. Early detection helps to prevent complications from kidney diseases. Furthermore, the company's urinalysis test, called Dip.io, uses disposable cups and strips in combination with a smartphone camera to interpret and read the results. Thus, this factor boosts market growth.
Opportunities
- Growing Demand for Hospitals
The wide presence of many hospitals in the U.S. and a well-developed healthcare infrastructure are other major factors leading to market growth. For instance, according to the American Hospital Association, there were about 208 federal government hospitals, 6,090 community hospitals, and 625 non-federal psychiatric hospitals in the U.S. Also, a major increase in hospital admissions for acute kidney disease is enhancing the demand for dialysis and transplant, boosting the market growth.
- Rising Strategic Agreements by Organizations
The top manufacturers in the region are primarily focused on developing innovative products. For instance, Abbott HealthTab, Inc. signed a non-assignable pilot supplier distribution agreement with Abbott for i-STAT Alinity, a handheld blood chemistry analyzer, in 2021. The agreement allows HealthTab to deliver Abbott's POC i-STAT Alinity and its associated tests for creatinine in Canadian drug stores to help patients receive necessary information about their kidney functions. Thus, this factor boosts market growth.
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Highlights of TOC
Chapter 1: Market overview
Chapter 2: Global Kidney/Renal Function Test Market
Chapter 3: Regional analysis of the Global Kidney/Renal Function Test industry
Chapter 4: Global Kidney/Renal Function Test segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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