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Kidney Function Test Market Size, Competitive Landscape, Business Opportunities and Forecast to 2027

06-28-2022 04:17 PM CET | Health & Medicine

Press release from: Fairfield Market Research

Kidney Function Test Market Size, Competitive Landscape,

The rising incidence of renal disorders in both developed and emerging economies in the past decade has translated into greater consumer awareness about the symptoms and treatment of kidney-related disorders. The increasing incidence of diabetes, hypertension, and other cardiovascular diseases, growing geriatric population, and high consumption of alcohol and tobacco are some of the key reasons for the surge in kidney-related disorders. Since 2020, a significant number of COVID-19 patients were also diagnosed with kidney-related disorders, especially among patients with co-morbidities such as cardiovascular diseases and Type-2 diabetes. These factors, together, contribute toward boosting growth across the global kidney function test market.

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Rising Incidence of Renal Disorders and COVID-19 Fuel Latest Upsurge in Kidney Function Test Market

Kidney function tests assist health professionals in accurately diagnosing various kidney-related disorders. The increasing prevalence of chronic disorders including diabetes, cardiovascular diseases, hypertension, renal cancer, calculi, cysts, and other kidney-related infections have contributed to the expansion of the global kidney function test market. Moreover, various genetic disorders such as Alport syndrome, amyloidosis, nephrotic syndrome, lupus nephritis, and renal tubular acidosis also require kidney function tests for diagnosis. In addition, the COVID-19 pandemic has been a major factor due to the viral infection's nature of affecting multiple organs. Patients with co-morbidities have been found to be at a greater risk of developing such complications. Consequently, COVID-19 induced treatment guidelines, coupled with the rise in various chronic and genetic disorders, have factored into the sustained growth in the kidney function test market.

Easier Tests and Higher Availability of Reimbursement Boost Economic Viability

Among various types of kidney function tests, the dipsticks segment is predicted to exhibit the highest growth during the forecast period as these tests are more convenient. These tests are extremely effective while dealing with geriatric patients as they do not require blood samples, eliminating needle stick injuries among patients. Market players have been quick to identify the financial viability of the kidney function test market. Recent attempts to restructure insurance and reimbursement policies have enabled robust advancements across the global kidney function test market. Additionally, significant grants have been approved by authorities in support of chronic kidney diseases. For instance, the Kidney International Society of Nephrology has been carrying out extensive research and data collection for approving such grants. Innovations and growing support to timely treat renal disorders have fueled the global kidney function test market toward sound expansion.

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Better Infrastructure to Enable North America Sustain its Market Dominance

The presence of major market players, awareness of kidney diseases in the general population, favorable government initiatives, and comprehensive insurance policies have been some of the key factors driving paced growth in the kidney function test market of North America. These factors are expected to sustain the region's market dominance in the foreseeable future. In terms of emerging markets, developing economies in the Asia Pacific are poised to offer significant growth prospects. This is due to the increasing incidence of various chronic health conditions in the Asia Pacific.

The major players in the global kidney function test market include Beckman Coulter, Siemens, Roche, Abbott, Sysmex, Nova Biomedical, Arkray, ACON Laboratories, OPTI Medical, 77 Electronika, and Randox Laboratories.

Global Kidney Function Test Market is Segmented as Below:

Kidney Function Test Market, by Product
• Dipsticks
• Reagents
• Disposables

Kidney Function Test Market, by Type
• Urine Tests
o Urine Protein Tests
o Creatinine Clearance Tests
o Micro albumin Tests
• Blood Tests
o Serum Creatinine Tests
o Glomerular Filtration Rate Tests
o Blood Urea Nitrogen Tests

Kidney Function Test Market, by End User
• Hospitals
• Diagnostics Laboratories
• Research Laboratories and Institutes

Kidney Function Test Market, by Region
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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