Kidney Function Test Market Highlights:
The global kidney function test market is expected to reach an approximate CAGR of 5.7% during the forecast period.
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. 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.
Industry 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.
Competitive Analysis by Major 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.
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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. 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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