Kidney Function Tests Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019– 2025
Report ID: GMI3810
Kidney Function Tests Market size is anticipated to grow significantly from 2019 to 2025.
Kidney function tests market will witness a high growth in the upcoming years owing to growing incidence of kidney diseases. As stated by the National Kidney Foundation, around 10% of total population is affected by chronic kidney diseases every year creating a high demand for kidney function tests. Rising prevalence of kidney diseases such as kidney failure due to high retention of sodium in the kidney and various other kidney disorders have created a hike in the demand for kidney function tests. Increasing incidence of kidney stones have further supported the market growth of kidney function tests.
Growing elderly population has favored the market growth. Around 617 million people in the world are in the age group of 60-65 years affected with diabetes and other disorders that have direct impact on kidney functions. Also, changing lifestyle and sedentary work patterns across the globe have increased the prevalence of lifestyle-related diseases such as diabetes, high blood pressure and various other disorders affecting kidney has created a need for kidney tests. Furthermore, increasing alcohol consumption and nicotine addiction damages the kidney, thereby elevating the market growth.
High costs associated with diagnostic devices and stringent government regulations will hamper the market growth. Increasing costs of medical devices that provide accurate diagnosis have impacted the market growth in developing countries having low per capita income.
Dipsticks segment will dominate the kidney function tests market owing to an increase in the prevalence of acute kidney disorders. Rising demand for accurate diagnosis of urine testing has increased the demand for dipsticks. Dipstick enables proper detection of protein and bacteria that cause urine infections, thereby enhancing the segment growth. Improvised quality of dipsticks will further propel the market growth.
Urine tests accounted for largest segment in the kidney function tests market. Increased ease of sample collection and quick detection of disorders will boost the market growth. Rising prevalence of bacterial infections and availability of cost effective methods for detection of protein in the urine and bacteria causing infections will aid the market demand for urine tests.
Based on end-use, hospital is the leading segment owing to increasing demand for top-class healthcare facilities. Hospitals have a high demand for kidney function tests that are accurately addressed by doctors and physicians. Additionally, increasing demand for dialysis treatments due to kidney failures will supported the market growth.
In North America, U.S. will lead the kidney function tests market due to increase in technological advancements in the healthcare industry. Introduction of internet of things for healthcare industry and availability of digital devices for early detection of disorders has enhanced the market growth. Furthermore, nation’s healthcare spending is 17.8% of the total GDP that has propelled the market growth.
Germany will dominate the Europe kidney function tests market due to increasing geriatric population and growing prevalence of kidney diseases. Increasing government initiatives and rising demand of population to receive the finest healthcare facilities has facilitated the market demand of kidney function tests in the country.
Some of the major industry players include Abbott laboratories, Acon Laboratories, Arkray, Beckman Coulter, Elektronica, Nova Biomedical, Opti Medical, Randox laboratories, Roche, Siemens, Sysmex, Urit Medicals. Top industry players implement strategic decisions to gain competitive advantage and sustaining the market competition. In April 2018, Randox focused on developing detection systems which help diagnose metabolic disorders that may affect the kidney functions. This strategic decision will help the company to generate revenue and earn maximum profits.
Kidney Function Tests Market by Product, 2014-2025 (USD Million)
Kidney Function Tests Market by Test type, 2014-2025 (USD Million)
- Urine test
- Urine protein
- Creatinine clearance
- Blood test
Kidney Function Tests Market by End-use, 2014-2025 (USD Million)
- Diagnostic laboratories
- Research laboratories and institutes
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Abbott laboratories
- Acon Laboratories
- Beckman Coulter
- Nova Biomedical
- Opti Medical
- Randox laboratories
- Urit Medicals
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