The global kidney Function Tests market is expected to reach USD 1.9
billion by 2025, according to a new study by Grand View Research, Inc. The
growing prevalence of Chronic Kidney Diseases (CKD) and renal failure is
presumed to be responsible for the high urgency to use kidney function tests,
which is anticipated tobroaden the scope for growth throughout the forecast
period. In addition, expanding base of diabetic population, which is highly
susceptible to the aforementioned diseases, is predicted to impel the demand
further over the coming years. Consequently, resultant high sample volume will
require high capability kidney function testing devices, which is believed to
present the market with significant growth potential opportunities.
In addition, growing awareness with respect to diagnostic benefits
associated with kidney function tests is also anticipated to be one of the high
impact rendering drivers for this market. Emergence of technologically advanced
products, such as automated analyzers, has led to refinement of current
real-time point-of-care testing capabilities and, therefore, creates lucrative
growth opportunities for the market. Furthermore, presence of public as well
private healthcare organizations consistently striving to support diagnosis and
management of CKD through a range of programs and initiatives is expected to
create potential demand.
Full Research Report On Kidney
Function Tests Market Analysis:
http://www.grandviewresearch.com/industry-analysis/kidney-function-tests-market
http://www.grandviewresearch.com/industry-analysis/kidney-function-tests-market
Further key findings from the study suggest:
·
Imaging tests are expected to exhibit
lucrative CAGR owing to increasing adoption in wide array of clinical
applications. The high penetration can be attributed to efficient renal
function risk assessment due to abnormal results generated through other tests
·
Diagnostic laboratories are anticipated to
exhibit lucrative CAGR during the forecast period owing to increasing
preference for point-of-care testing by clinicians
·
In 2016, North America held a dominant
share of the global kidney function tests market, as a consequence of
increasing local presence of prominent companies undertaking competitive
sustainability strategies
·
Asia Pacific is anticipated to grow at an
exponential CAGR owing to unmet needs of patients, continuous infrastructural
& technological upgradation, and increasing healthcare expenditure
·
Some key participants such as Abbott
Laboratories; Merck Millipore; Alere, Inc.; and Quest Diagnostics are
implementing various competitive strategies, such as new product development
& frequent product approvals, to maintain their position in the market
·
For instance, in March 2015, metropolis
announced the launch of a kidney function test, a PLA2R antibody test, that
detects and evaluates intensity of membranous nephropathy
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Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the kidney function tests market on
the basis of product, end use, and region:
Kidney Function Tests Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Dilution & Concentration Tests
·
Clearance Tests
·
Urine Tests
·
Imaging Tests
Kidney Function Tests End-Use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Diagnostic Laboratories
·
Academic Research Laboratories
·
Others
Kidney Function Tests
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
o India
·
Latin America
o Mexico
o Brazil
·
MEA
o South Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-kidney-function-tests-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
