Renal Biomarkers Market: Unraveling the Potential, Poised to Reach US$ 2.6 Billion by 2032

The Renal Biomarker Market has been experiencing significant growth in recent years, driven by the rising prevalence of kidney disorders and the growing demand for early and accurate diagnosis. Renal biomarkers are specific indicators present in the blood, urine, or other body fluids, which can provide valuable insights into kidney function and detect early signs of renal damage or dysfunction.

One of the key factors contributing to the market's expansion is the increasing burden of chronic kidney diseases (CKD) and acute kidney injury (AKI). CKD is a global health concern, affecting millions of people worldwide, and early detection of kidney dysfunction is crucial to prevent disease progression and improve patient outcomes. Renal biomarkers play a vital role in identifying kidney damage at an early stage, enabling timely intervention and appropriate treatment.

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Global demand for renal biomarkers is expected to rise 7.0% year on year to US$ 2.6 billion by 2032, driven by:

•Global increases in kidney disease incidence
•a sizable geriatric population, particularly in developing countries
•The prevalence of multiple co-morbidities is increasing.
•Diabetes, obesity, and hypertension are all becoming more common.
•an increase in the world's vulnerable ageing population

Moreover, the aging population and the rise in risk factors such as diabetes, hypertension, and obesity have contributed to the growing prevalence of kidney disorders. As the elderly population increases, the demand for renal biomarkers for timely diagnosis and management of kidney diseases is expected to rise.

The market offers a variety of renal biomarker tests, including serum creatinine, blood urea nitrogen (BUN), estimated glomerular filtration rate (eGFR), and urine albumin-to-creatinine ratio (UACR), among others. These biomarkers help healthcare professionals assess kidney function, identify the presence of proteinuria (a marker of kidney damage), and monitor disease progression.
Competitive Landscape
Key market players within the renal biomarker market are concentrating on new product launches and approvals, investments in research and development, partnerships, acquisitions, and collaborations to gain a competitive edge in the market.

Key instances of development within the market include:
•SphingoTec GmbH reported the publication of unique study findings including their patented pencil kidney function biomarker in BMC Emergency Medicine in December 2019.

•In order to include novel kidney disease biomarkers found by the center's researchers in Renalytix AI's KidneyIntelX platform, the business expanded its collaboration with the Joslin Diabetes Center in April 2021.

Key Companies Profiled :
•Abbott Laboratories
•BioPorto Diagnostics AS
•F. Hoffmann-La Roche AG
•Thermo Fisher Scientific Inc.
•Nexelis (Pacific Biomarkers)
•BioMérieux
•Sphingotec GmbH
•Randox Laboratories Ltd
•Siemens Healthineers AG
•Beckman Coulter Inc. (Danaher Corporation)
•Bio-Rad Laboratories Inc.
•Enzo Biochem Inc.
•PerkinElmer Inc.
•Renalytix AI

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Key Market Segments Covered in Renal Biomarker Industry Research

By Biomarker:
•Functional Biomarker
oSerum Creatinine
oSerum Cystatin C
oUrine Albumin
•Up-Regulated Proteins
oNeutrophil Gelatinase-Associated Lipocalin
oKidney Injury Molecule-1
oInterleukin-18
•Others

By Diagnostic Technique:
•Enzyme Linked Immunosorbent Assay (ELISA)
•Particle-Enhanced Turbidimetric Immunoassay (PETIA)
•Colorimetric Assay
•Chemiluminescent Enzyme Immunoassay (CLIA)
•Liquid Chromatography-Mass Spectrometry (LS-MS)

By End User:
•Diagnostic Labs
•Outpatient Clinics
•Research Centers
•Hospitals

By Region:
•North America
•Latin America
•Europe
•South Asia
•East Asia
•Oceania
•Middle East and Africa (MEA)

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This release was published on openPR.