Renal Function Test Market: Key companies Profile, their market Share | Randox Laboratories, Elektronika, Acon Laboratories, Urit Medical

According to Future Market Insights (FMI), the global renal function test market is projected to register a steady expansion over the forecast period, 2017 to 2026. Revenues from worldwide use of renal function test are estimated to surpass US$ 900 Mn by 2026-end.

Public & Private Healthcare Organizations are Supporting Management of CKD through Programs & Initiatives

Increasing incidences of renal failure, and chronic kidney diseases (CKD) are considered to be the primary factors responsible for the significant demand for renal function tests. Unhealthy dietary habits, lack of physical exercise owing to hectic lifestyles, and stress, are commonly observed risk factors for diabetes, coronary heart diseases, hypercholesterolemia, and hypertension. These factors further lead toward dysfunctions in the kidney, which in turn creates demand for renal function tests. Surging number of people with diabetes who are highly susceptible to CKD are expected to propel the demand for renal function tests in the upcoming years. The resultant high sample volume is creating demand for highly effective and efficient renal function testing devices.

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Awareness about diagnostic benefits related to renal function tests is increasing among people. The advent of technologically advanced products associated with renal function tests such as automated analyzers has resulted into refinement of present point-of-care real-time testing capabilities. In addition, the private as well as public healthcare organizations are consistently striving to support the diagnosis and management of chronic kidney diseases through various programs and initiatives, thereby creating awareness and demand for renal function tests.

Key Takeaways from FMI’s Report on Renal Function Test Market

North America will continue to be dominant in the global renal function test market, in terms of revenues. Between renal function test market in Europe and Asia-Pacific excluding Japan (APEJ), the former will account for a larger revenue share and the latter will register a relatively higher CAGR through 2026. The renal function test markets in Middle East & Africa (MEA) and Japan are projected to account for the lowest revenue share of the market throughout the forecast period.

On the basis of product type, dipsticks are expected to be the leading contributor to the market growth, in terms of revenues. Revenues from sales of disposables and reagents are projected to register a relatively faster expansion, and will collectively account for over two-fifth share of the market during the forecast period.

Hospitals are anticipated to remain the most lucrative end-users in the global renal function test market, with sales estimated to surpass US$ 450 Mn in revenues by 2026-end. Diagnostic laboratories are expected to remain the fast-expanding end-users of renal function tests through 2026. Revenues from renal function tests in diagnostic laboratories are projected to account for nearly one-third share of the market by 2026-end. Research institutes will continue to be the least lucrative end-users of renal function tests.

In terms of test type, urine protein and microalbumin renal function test are together projected to account for over three-fifth revenue share of the market during the forecast period. Revenues from microalbumin renal function test will register the highest CAGR in the market through 2026. In addition, revenues from urine protein and serum creatinine renal function test are projected to increase at nearly equal CAGRs through 2026.

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Vendors in the global renal function test market are focusing on technological advancements through clinical trials. The intensive competitive landscape of the market is resulting into increasing mergers & acquisition activities, wherein smaller firms are acquired by well-established international vendors. Key player profiled by FMI’s report include Randox Laboratories, Elektronika, Acon Laboratories, Urit Medical, Nova Biomedical, Sysmex, Abbott, Roche, Beckman Coulter, and Siemens.

Renal Function Test Market Reports - Table of Contents
1. Global Economic Outlook

2. Global Renal Function Test Market - Executive Summary

3. Global Renal Function Test Market Overview

3.1. Introduction

3.1.1. Global Renal Function Test Market Taxonomy

3.1.2. Global Renal Function Test Market Definition

3.2. Global Renal Function Test Market Size (US$ Mn) and Forecast, 2012-2026

3.2.1. Global Renal Function Test Market Y-o-Y Growth

3.3. Global Renal Function Test Market Dynamics

3.4. Supply Chain

3.5. Cost Structure

3.6. Pricing Analysis

3.7. Raw Material Sourcing Strategy and Analysis

3.8. Service Provider List

3.9. Key Participants Market Presence (Intensity Map) By Region

4. Global Renal Function Test Market Analysis and Forecast 2012-2026

4.1. Global Renal Function Test Market Size and Forecast By Product Type, 2012-2026

4.1.1. Dipsticks Market Size and Forecast, 2012-2026

4.1.1.1. Revenue (US$ Mn) Comparison, By Region

4.1.1.2. Market Share Comparison, By Region

4.1.1.3. Y-o-Y growth Comparison, By Region

4.1.2. Disposables Market Size and Forecast, 2012-2026

4.1.2.1. Revenue (US$ Mn) Comparison, By Region

4.1.2.2. Market Share Comparison, By Region

4.1.2.3. Y-o-Y growth Comparison, By Region

4.1.3. Reagents Market Size and Forecast, 2012-2026

4.1.3.1. Revenue (US$ Mn) Comparison, By Region

4.1.3.2. Market Share Comparison, By Region

4.1.3.3. Y-o-Y growth Comparison, By Region

4.2. Global Renal Function Test Market Size and Forecast By End User, 2012-2026

4.2.1. Hospitals Market Size and Forecast, 2012-2026

4.2.1.1. Revenue (US$ Mn) Comparison, By Region

4.2.1.2. Market Share Comparison, By Region

4.2.1.3. Y-o-Y growth Comparison, By Region

4.2.2. Diagnostic Laboratories Market Size and Forecast, 2012-2026

4.2.2.1. Revenue (US$ Mn) Comparison, By Region

4.2.2.2. Market Share Comparison, By Region

4.2.2.3. Y-o-Y growth Comparison, By Region

4.2.3. Research Laboratories and Institutes Market Size and Forecast, 2012-2026

4.2.3.1. Revenue (US$ Mn) Comparison, By Region

4.2.3.2. Market Share Comparison, By Region

4.2.3.3. Y-o-Y growth Comparison, By Region

4.2.4. Other End Users Market Size and Forecast, 2012-2026

4.2.4.1. Revenue (US$ Mn) Comparison, By Region

4.2.4.2. Market Share Comparison, By Region

4.2.4.3. Y-o-Y growth Comparison, By Region

4.3. Global Renal Function Test Market Size and Forecast By Test Type, 2012-2026

4.3.1. Urine Protein Market Size and Forecast, 2012-2026

4.3.1.1. Revenue (US$ Mn) Comparison, By Region

4.3.1.2. Market Share Comparison, By Region

4.3.1.3. Y-o-Y growth Comparison, By Region

4.3.2. Microalbumin Market Size and Forecast, 2012-2026

4.3.2.1. Revenue (US$ Mn) Comparison, By Region

4.3.2.2. Market Share Comparison, By Region

4.3.2.3. Y-o-Y growth Comparison, By Region

4.3.3. Creatinine Clearance Market Size and Forecast, 2012-2026

4.3.3.1. Revenue (US$ Mn) Comparison, By Region

4.3.3.2. Market Share Comparison, By Region

4.3.3.3. Y-o-Y growth Comparison, By Region

4.3.4. Serum Creatinine Market Size and Forecast, 2012-2026

4.3.4.1. Revenue (US$ Mn) Comparison, By Region

4.3.4.2. Market Share Comparison, By Region

4.3.4.3. Y-o-Y growth Comparison, By Region

4.3.5. BUN Market Size and Forecast, 2012-2026

4.3.5.1. Revenue (US$ Mn) Comparison, By Region

4.3.5.2. Market Share Comparison, By Region

4.3.5.3. Y-o-Y growth Comparison, By Region

4.3.6. Other Tests Market Size and Forecast, 2012-2026

4.3.6.1. Revenue (US$ Mn) Comparison, By Region

4.3.6.2. Market Share Comparison, By Region

4.3.6.3. Y-o-Y growth Comparison, By Region

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