Renal Biomarker Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025

Renal Biomarker Market is Expected to Register a CAGR XX% During Forecast Period 2019- 2025, Due to Increased Need for Novel Biomarkers for Early Detection of Disease
Analyst Speak:

“The Renal Biomarker Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to an increased need for biomarkers for the early detection of disease.

Precision Business Insights (PBI) in its report titled “Renal Biomarker Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The renal biomarker marker market was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn in 2025. High prevalence of diabetes and high blood pressure, which lead to renal diseases, along with rapid technological advances in the field of genetics, are driving the market growth. However, the lack of proper reimbursement systems around the world is a major restraining factor for the global renal biomarker market. The process of securing reimbursement and funding for a diagnostic test for renal diseases is extremely challenging everywhere in the world.

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Renal biomarker market segmented on the basis of biomarker type, diagnostic technique, end users.

Functional Biomarker Segment Expected to Dominate the Market

Based on the biomarker type, the renal biomarker market is segmented into Up-Regulated Proteins and Functional Biomarker. The functional biomarker category is expected to dominate the market. It has nearly one-half of the market share. The functional biomarker segment is anticipated to account for a market value share of XX% by the end of 2018 and is expected to retain its dominance throughout the forecast period. The Up-Regulated Proteins segment is estimated to account for XX% market share in terms of value by 2016 end.

Hospital & Diagnostic Centers Will Dominate the Revenue Share.

Based on distribution channel type, renal biomarker market segmented into hospital, outpatient clinic, diagnostic centers, and research centers. Hospitals and diagnostic laboratories are anticipated to be the major end-users of the renal biomarkers market during the forecast period. The diagnostic labs segment is estimated to account for XX% market share of the global renal biomarker market in revenue terms by 2018 end and is expected to register high Y-o-Y growth rates throughout the forecast period. The Outpatient Clinics segment is anticipated to register a CAGR of XX% during the forecast period.
North America, Accounts for Major Revenue Share for Renal Biomarker Market

Precision Business Insights (PBI) renal biomarker market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to increased R&D investments, larger geriatric population, presence of high quality healthcare system, along with the prevalence rate of kidney diseases being high in this region. Asia Pacific is expected to hold a significant CAGR due increasing population which fuels up the growth in this region.

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Strategic Acquisition Play Vital Role in Renal Biomarker Market

Top market companies are focusing on increasing their presence in high-growth emerging markets through acquisitions, structured investments in R&D and technological innovation. For instance, In December 2017 – Thermo Fisher Scientific acquired Phenom-World.

Key player’s profiles in the report are Beckman Coulter Inc., Thermo Fisher Scientific Inc., Abbott Molecular Inc., Bioporto A/S, Astute Medical Inc., Randox Laboratories Ltd, Siemens Healthcare Diagnostics Inc., Alere Inc., and F. Hoffmann-La Roche Ag.

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Detailed Segmentation

By Biomarker Type

o Functional Biomarker
o Serum Cystatin C
o Serum Creatinine
o Urine Albumin
o Up-Regulation Protein
o Kidney Injury Molecule 1
o Nutrophil gelatinase associated lipocalin
o Interleukin 18
o Others

By Diagnostic Technique Type

o Particle enhanced turbidimetric immunoassay
o Chemiluminescent enzyme immunoassay
o Enzyme linked immunosorbent assay
o Colorimetric assay
o Liquid chromatography

By Distribution Channel Type

o Hospitals
o Outpatient Clinic
o Research Centers
o Diagnostic Labs

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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