Kidney/Renal Function Test Market to Reflect Tremendous Growth Potential With A CAGR Of 6.8% from 2023-2028

According to the latest report by IMARC Group, titled "Kidney/Renal Function Test Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global kidney/renal function test market is expected to exhibit a growth rate (CAGR) of 6.8% during 2023-2028.

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Kidney/Renal Function Test Market Overview:

The kidney helps in regulating the extracellular fluid volume, electrolyte concentration level, and the production of hormones, including erythropoietin and renin. A kidney function test is performed to diagnose and analyze defects in the overall functioning of the kidney. It is a laboratory-based test that relies on blood and urine samples to ensure filtering the function of the kidney. Besides this, it also determines the glomerular filtration rate and the concentrating and diluting capacity of the kidney. Some of the common symptoms that demonstrate renal problems include blood in urine, diabetes, and high blood pressure, swelling in hands or feet, and difficulty in urination due to a significant increase in body fluids.

Global Kidney/Renal Function Test Market Trends:

The rising prevalence of chronic kidney diseases (CKD) is driving the global market. This can be attributed to shifting lifestyle preferences, the increasing consumption of alcohol, and a rising number of individuals suffering from lifestyle illnesses. Moreover, numerous initiatives undertaken by health organizations and the governments of several countries to spread awareness about kidney-related diseases and available disease testing facilities are supporting the overall efficacy of the market. Furthermore, several leading players are heavily investing in extensive research and development (R&D) activities to introduce advanced testing products that provide early and efficient disease diagnosis, thus creating a positive market outlook.

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Key Market Segmentation:

Top Kidney/Renal Function Test Companies:

• 77 Elektronika Kft
• Abbott Laboratories,
• ACON Laboratories Inc
• ARKRAY Inc.
• Beckman Coulter Inc. (Danaher Corporation)
• Hoffmann-La Roche AG
• Laboratory Corporation of America Holdings (LabCorp)
• Nova Biomedical
• Quest Diagnostics
• Randox Laboratories Ltd.
• Siemens Healthineers AG
• Sysmex Corporation

Breakup by Test Type:

• Urine Tests
• Blood Tests

Breakup by Product:

• Dipsticks
• Reagents
• Disposables

Breakup by End Use:

• Hospitals
• Diagnostic Laboratories
• Research Laboratories and Institutes
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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This release was published on openPR.