Kidney Function Test Market is on an Upward Growth Curve

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Kidney Function Test Market- (By Product (Dipsticks, Reagents, Disposables), By Type (Urine test (Urine Protein Test, Microalbumin Tests, Creatinine clearance Tests), Blood Test (Serum Creatinine Tests, Glomerular Filtration Rate Tests, Blood Urea Nitrogen Tests)), By End-User (Hospitals, Diagnostics Laboratories, Research Laboratories and Institutes)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Kidney Function Test Market is valued at US$ 863.35 Mn in 2022, and it is expected to reach US$ 1,458.50 Mn by 2031, with a CAGR of 6.08% during a forecast period of 2023-2031.

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Kidney function testing involves two simple assessments: urine albumin and creatinine level analysis, along with a blood test measuring the estimated glomerular filtration rate (eGFR). These tests provide comprehensive insights into renal health. A notable innovation in this field is the development of kidney function tests utilizing disposable cups, test strips, and smartphone-integrated analysis, enhancing accessibility and convenience. This technological advancement is driving market growth by enabling early detection of renal diseases, allowing for timely medical intervention and improved patient outcomes.

The results of a kidney function test can categorize kidney health as normal, mildly reduced, or significantly decreased, providing critical diagnostic insights. The rising prevalence of chronic kidney disease (CKD) worldwide is a key driver of market expansion, as early detection plays a crucial role in preventing complications.

List of Prominent Players in the kidney function test market:
• Beckman Coulter (US)
• Siemens (Germany)
• Nova Biomedical (US)
• Roche (Switzerland)
• Abbott (US)
• URIT Medical (China)
• ARKRAY (Japan)
• OPTI Medical (US)
• ACON Laboratories (US)
• Sysmex (Japan)
• 77 Elektronika (Hungary)
• Randox Laboratories (UK)
• Quest Diagnostics

Market Dynamics:
Drivers-
The increasing demand for kidney function tests is driven by the growing accessibility of at-home diagnostic solutions and ongoing research and development (R&D) initiatives focused on introducing innovative testing methods. These advancements are expected to significantly contribute to the market's overall growth in the coming years. As the emphasis on early detection and preventive healthcare rises, analysts anticipate a steady expansion of the global kidney function test market.

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Challenges:
One of the primary challenges affecting market growth is the potential long-term impact of renal medications, which may hinder the adoption of kidney function tests. Common side effects such as loss of appetite, fever, and skin rashes may discourage individuals from undergoing frequent testing. More severe reactions, including changes in blood cell count, liver and kidney function irregularities, nausea, vomiting, and diarrhea, could further impede market expansion. Additionally, the COVID-19 pandemic disrupted healthcare access for renal disease patients, leading to delays in routine kidney function testing due to lockdowns and restrictions on non-emergency medical services.

Regional Trends:
The Asia-Pacific region is anticipated to hold a substantial market share in the kidney function test industry, with a projected high compound annual growth rate (CAGR) in the near future. This growth is fueled by rising health awareness and increasing demand for advanced diagnostic and therapeutic solutions for chronic kidney conditions. Meanwhile, Europe has also emerged as a key market, supported by higher consumer spending on healthcare, a large patient population, and government initiatives to enhance medical infrastructure.

Recent Developments:
• In Sept 2022, The UF-1500 Fully Automated Urine Particle Analyzer (UF-1500) was introduced by Sysmex. The UF-1500 inherits the UF-5000 Fully Automated Urine Particle Analyzer's (UF-5000) high levels of functionality and usability. With the expansion of its product line, will provide a broader selection of solutions tailored to the customer's environment and contribute to the simplification and standardisation of urine testing in small and medium-sized facilities.
• In March 2022, Nova Biomedical introduced a new device to enhance renal care through screening for kidney function and rapid detection of kidney disease in outpatient settings. The new Nova Max Pro Creatinine/eGFR Metre System featured a simplified metre and creatinine biosensor that measured blood creatinine and estimated glomerular filtration rate (eGFR) from a tiny 1.2 microliter capillary fingerstick blood sample in just 30 seconds. These are two important indicators of overall kidney function.

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Segmentation of Kidney Function Test Market-
By Product-
• Dipsticks
• Reagents
• Disposables
By Type
• Urine test
o Urine Protein Test
o Microalbumin Tests
o Creatinine clearance Tests
• Blood Test
o Serum Creatinine Tests
o Glomerular Filtration Rate Tests
o Blood Urea Nitrogen Tests
By End-User
• Hospitals
• Diagnostics Laboratories
• Research Laboratories and Institutes

By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.