Global Kidney Function Tests Market research report makes use of SWOT analysis and Porter’s Five Forces analysis to disclose the strengths, weaknesses, opportunities, and threats in the HELATH industry. This report is an important source of guidance for companies and individuals offering industry chain structure, business strategies and proposals for new project investments.

Derangement of any of these functions would result in either decreased excretion of waste products and hence their accumulation in the body or loss of some vital nutrient from the body. Based on the level of these excretory products and nutrients in the urine as well as in blood, we could make an accurate calculation to decipher the efficiency of the kidney to undertake its various functions.

Data Bridge Market Research analyses that the kidney function tests market which was USD 823.68 million in 2021, is expected to reach USD 1,312.83 million by 2029, at a CAGR of 6.00% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Some of the major players operating in the kidney function tests market are:

• Abbott (U.S.)
• Akers Biosciences, Inc. (U.S.)
• Beckman Coulter, Inc. (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• Eurofins Scientific (Luxembourg)
• Boston Heart Diagnostics Corporation (U.S.)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Home Access Health (U.S.)
• Laboratory Corporation of America Holdings (U.S.)
• PRIMA Lab SA (Switzerland)
• Quest Diagnostics Incorporated (U.S.)
• Randox Laboratories Ltd. (U.K.)
• Sekisui Diagnostics (U.S.)
• Siemens (Germany)
• Merck KGaA (Germany)
• Siemens Healthcare Private Limited (Germany)
•  Danaher (U.S.)
•  Sysmex Corporation (Japan)
•  Nova Biomedical (U.S.)

Market Definition

Kidney function tests are a group of lab tests that include urine analysis, blood urea nitrogen (BUN), and serum creatinine tests, among others, to examine the normal functioning of the kidneys. They are extremely useful in determining the normal functions of the renal tissues as well as detecting any abnormalities or health anomalies, such as acute/chronic kidney disease, polycystic kidney disease, diabetic nephropathy, kidney failure, and glomerulonephritis. Kidney function tests are blood tests or urine tests that evaluate how well your kidneys are working. Most of the tests measure glomerular filtration rate (GFR). Glomerular filtration rate assesses how efficiently your kidneys clear waste from your system. The main function of the kidney would be the excretion of water-soluble waste products from our body. The kidney has various filtration, excretion, and secretory functions. A group of tests that help to evaluate the function of kidneys to enable early diagnosis and prevention of worsening of disease. Wastes and excess fluid are removed from the blood by healthy kidneys. Blood and urine tests show how well the kidneys are working and how quickly wastes are removed from the body. Urine tests can also detect if the kidneys are leaking excessive amounts of protein, which is a sign of kidney damage.

Global Kidney Function Tests Market Dynamics

Drivers

• Technological innovations are driving the market

Rising innovation and technological advancement which is the first systems for treating kidney failure were developed in the 1940's, when it was found that blood could be successfully cleared of toxins and returned to the body using a relatively simple device based on artificial sausage skin wrapped around a wooden frame) will further increase a number of prospects that will drive the growth of the kidney function testing market throughout the course of the above mentioned forecast period.

• Development of novel products is also bolstering growth

Rising RD initiatives for the development of novel products are expected to significantly boost market growth during the forecast period. For instance, in January 2020, Germany-based SphingoTec GmbH launched its IB10 sphingotest penKid, a Point-of-Care (PoC) test for Proenkephalin (penKid). This biomarker enables real-time evaluation of kidney function with a normal blood test. In addition, growing investments in the field of kidney function testing are further expected to fuel the market growth. In January 2020, Sweden-based Elypta AB raised a seed round worth USD 7.0 million to develop the first urine test for kidney cancer.

Opportunities

• Government initiatives

Several public-private partnerships are launching initiatives to make kidney disease testing more accessible in key areas. For instance, in July 2020, the National Kidney Foundation (NKF) introduced a new kidney health evaluation measure, specifically for diabetes patients, in collaboration with the National Committee for Quality Assurance (NCQA). The new guidelines recommend that diabetic patients be routinely tested for kidney disease. Such initiatives are expected to foster a favourable environment for market expansion.

Restraints/Challenges

• High cost of kidney related tests

High cost of kidney function tests and the low adoption rate in emerging and underdeveloped countries will obstruct the market's growth rate. The greater number of individuals with a clinical diagnosis of kidney disease as a result of the modified formula would mean that more people may receive recommendations for dose adjustments or contraindications for certain drugs that may interfere with kidney function or be poorly filtered by the kidneys.

This kidney function tests market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the kidney function tests market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent developments

• In August 2021, ID Genomics (IDG), a Seattle-based company, invented a dipstick-based assay for the simultaneous identification of a large number of genetic variants of SARS-CoV2 and received a grant of USD 300,000 from the National Institute of Health (NIH).
• In July 2022, bioMérieux received FDA approval for the innovative VIDAS NEPHROCHECK assay to detect kidney stress in patients at risk of acute kidney injury (AKI). The introduction of new products and the region's growing advances in urine analysis are driving market growth.

Global Kidney Function Tests Market Scope

The kidney function tests market is segmented on the basis of test type, product type, end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Test Type

• Dilution and Concentration Tests
• Clearance Tests
• Urine Tests
• Imaging Tests
• Blood Test
• Serum Creatinine Tests
• Blood Urea Nitrogen Tests
• Glomerular Filtration Rate Tests

 Product Type

• Dipsticks
• Disposables
• Reagents

 End Use

• Hospitals
• Diagnostic Laboratories
• Research Laboratories and Institutes

this business report introduces the basics of industry such as market definitions, classifications, applications and industry chain overview, after which it covers industry policies and plans, product specifications, manufacturing processes, cost structures and so on.

This Market Intelligence Report Analyses Some of the Most Crucial Concerns:

• How will the major segments of this international market develop over the next few years?
• Who are the major players that will dominate the market in the future?
• When it comes to this industry, who are the top suppliers and producers?
• How have the most successful companies in the industry planned for future growth and expansion?
• In what sectors might we expect to see the greatest increase in demand over the coming years?
• How many distinct subsets of buyers make up this market?
• Which regional powerhouse do you foresee as becoming the largest player in the international market?
• Does a new coronavirus pandemic have any consequences?
• In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?

Investing in this study would grant you access to valuable information, including:

• Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East Africa.
• Country-specific market size splits for the most important countries with major market shares.
• Market share and revenue/sales data for the industry's leading players.
• Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter's Five Forces, and more.
• Detailed market size data, including breakdowns by application/industry verticals.
• Projections and forecasts for the market's future growth and development.

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