Kidney function tests Market Segments, Top Key Players, Drivers And Trends 2022

According to Precision Business Insights (PBI), the latest report, the kidney function tests market is expected to be valued at USD 812.4 million in 2022 and is poised to grow at a significant CAGR of 6.4% over 2022-2028. The primary drivers of the expansion of the global kidney function tests market include increasing investments by global market players, increasing R&D activities, high prevalence of chronic kidney diseases (CKD), and rising government initiatives and support.

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Clearance Test to Dominate the Kidney function tests Market:
Based on the test types, the global kidney function tests market is segmented into clearance tests, urine tests, blood tests, dilution & concentration tests, and others. The clearance test segment is expected to account for a larger revenue share in the global kidney function tests market, with a value share worldwide. It is expected to dominate the global market during the forecasted period. Clearance tests are high-level tests for confirming, monitoring, and measuring of glomerular filtration rate (GFR). Some of the clearance tests are creatinine and inulin test, which helps in obtaining precise result. The low cost and easy availability of clearance test kits and reagents in the market lead to their high adoption rate.

Asia Pacific Kidney Function Tests Market:
The Asia Pacific market is expected to increase in the global kidney function tests market over the forecast period. The Asia Pacific market is expanding as a result of the rapidly developing healthcare facilities and an increase in investments by leading market players. Furthermore, the increasing prevalence of diabetes and high blood pressure are driving the global kidney function test market in emerging countries. North America held considerable market share during the estimated period owing to advanced healthcare infrastructure, government initiatives, and continuous investments in the research and development sector.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global kidney function tests market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The kidney function test market is segmented based on product type, test type, end-user, and geography.
Based on the product, the market is segmented into the following:
• Dipsticks
• Reagents
• Disposables

Based on the test type, the market is segmented into the following:
• Clearance Test
• Urine Tests
• Blood Tests
• Dilution & Concentration Tests
• Others

Based on the end user, the market is segmented into the following:
• Hospitals
• Diagnostic Laboratories
• Research Laboratories and Institutes
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the kidney function tests market report are Abbott Laboratories, Danaher Corporation, F. Hoffmann-La Roche, Quest Diagnostics, Acon Laboratories, Laboratory Corporation of America Holdings (LabCorp), Siemens, Nova Biomedical, Roche, Sysmex, and Randox Laboratories.

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