World Kidney Function Tests Market Propelled by Increasing Incidence of Kidney Damage
As per the report, the global kidney function tests market is primarily driven by the growing prevalence of chronic kidney diseases across the world. One of the major causes of this rise in patient numbers is the increasing geriatric population that is suffering from renal fibrosis. Another factor responsible for the higher demand for kidney function tests is the rising number of individuals diagnosed with diabetes. Other factors that are directly responsible for the causation of kidney diseases or kidney failure are complications such as high blood pressure and multiple renal disorders.
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It was stated by the World Health Organization in the past that more than 1.4 mn patients per year undergo renal replacement therapy. Additionally, the organization stated that this number is increasing by nearly 8% every year.
At the same time, the global kidney function tests market may also be hampered by the growing number of restrictions related to healthcare expenditure and stringent regulatory pressure regarding the use of certain methods in kidney tests.
From a geographical perspective, the global kidney function tests market is led by North America, followed by Europe. Both regions have advanced in the global kidney function tests market owing to the higher prevalence of kidney-related issues and the presence of a fully established healthcare industry, complete with the latest infrastructure. This applies to the U.S. more than other countries.
At the same time, the future of the global kidney function tests market will have the rapid growth rate of the Asia Pacific market as a major driving factor. The Asia Pacific kidney function tests market is growing owing to a growing patient base suffering from blood pressure and diabetes, both of which can lead to renal complications.
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Some of the key categories in the global kidney function tests market are dilution and concentration tests, physical and visual examination of urine, and clearance tests. Apart from these, another common form of renal tests includes the assessment of urine to separate various minerals and other substances, such as sodium, phosphate, glucose, potassium, and amino acids.
The key players in the global kidney function tests market are Pfizer Inc., ManRos Therapeutics, Endocyte, Inc., IC-Meditech, Plexxikon Inc., Eli Lilly and Company, Ipsen S.A., Kadmon Corporation, LLC, Otsuka Holdings Co., Ltd., Discovery Biomed, Inc., Baxter International Inc., Galectin Therapeutics, Inc., and F. Hoffmann-La Roche Ltd.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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