Rising Popularity of Technological Advancements in the Renal Biomarkers Market || Abbott Laboratories, BioPorto Diagnostics A/S, Roche Holding AG, Thermo Fisher Scientific

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Renal Biomarkers Global Market Report 2023 identifies the rise in geriatric and paediatric renal patients is the major driver for the renal biomarkers market's growth in the forecast period. Geriatric renal patients refer to the elderly patients aged above 70 years with advanced chronic kidney disease (CKD). However, paediatric renal patients refer to the patients who are commonly diagnosed with renal disorder during childhood and young adulthood. Renal biomarkers help to evaluate the severity of renal injury in geriatric and paediatric renal patients. For instance, in March 2021, according to the data published by the Centers for Disease Control and Prevention, a US-based government administrative agency, nearly 37 million adults in the US have chronic renal disease and it is more prevalent in adults 65 years of age and older (38%).

The global renal biomarkers market size grew from $1.07 billion in 2022 to $1.16 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global renal biomarkers is expected to grow to $1.56 billion in 2027 at a CAGR of 7.7%.

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Major competitors in the renal biomarkers market report are Abbott Laboratories, BioPorto Diagnostics A/S, Roche Holding AG, Thermo Fisher Scientific, bioMérieux SA, Randox Laboratories, Siemens Healthineers.

A key trend in the renal biomarkers market includes technological advancements. Major players operating in the renal biomarkers sector is focused on developing innovative technologies to sustain their position in the market. For instance, In January 2021, RenalytixAI, a UK-based developer of artificial intelligence (AI) enabled clinical diagnostic solutions for kidney disease, partnered with DaVita to develop KidneyIntelX. KidneyIntelX is a diagnostic tool powered by artificial intelligence to help spot those at risk of renal disease or kidney failure.

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The renal biomarkers market is segmented -

1) By Biomarker Type: Functional Biomarker, Up Regulated Protein, Other Biomarker Types

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

3) By Application: Diagnosis And Disease Progression Monitoring, Research Homecare

4) By End User: Hospitals, Diagnostic Laboratories, Other End Users

5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the renal biomarkers market

The Business Research Company's "Global Renal Biomarkers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Renal Biomarkers Market Include:
1. Executive Summary
2. Renal Biomarkers Market Characteristic
3. Renal Biomarkers Market Trends And Strategies
4. Renal Biomarkers Market - Macro Economic Scenario
5. Renal Biomarkers Market Size And Growth
……………
27. Renal Biomarkers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Renal Biomarkers Market
29. Renal Biomarkers Market Future Outlook And Potential Analysis
30. Appendix

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