Kidney Function Tests Market Is Predicted To Grow Quickly Due To The Increasing Prevalence Of Chronic Kidney Diseases Till 2025: Grand View Research, Inc.
The global kidney function tests market is expected to reach
USD 1.9 billion by 2025, according to a new study by Grand View Research, Inc.
The growing prevalence of Chronic Kidney Diseases (CKD) and renal failure is
presumed to be responsible for the high urgency to use kidney function tests,
which is anticipated tobroaden the scope for growth throughout the forecast
period. In addition, expanding base of diabetic population, which is highly
susceptible to the aforementioned diseases, is predicted to impel the demand
further over the coming years. Consequently, resultant high sample volume will
require high capability kidney function testing devices, which is believed to
present the market with significant growth potential opportunities.
In addition, growing awareness
with respect to diagnostic benefits associated with kidney function tests is
also anticipated to be one of the high impact rendering drivers for this
market. Emergence of technologically advanced products, such as automated
analyzers, has led to refinement of current real-time point-of-care testing
capabilities and, therefore, creates lucrative growth opportunities for the
market. Furthermore, presence of public as well private healthcare
organizations consistently striving to support diagnosis and management of CKD
through a range of programs and initiatives is expected to create potential
demand.
Browse full research report on Kidney Function Tests
Market: http://www.grandviewresearch.com/industry-analysis/kidney-function-tests-market
Further key findings from
the study suggest:
- Imaging tests are expected to exhibit lucrative CAGR
owing to increasing adoption in wide array of clinical applications. The
high penetration can be attributed to efficient renal function risk
assessment due to abnormal results generated through other tests
- Diagnostic laboratories are anticipated to exhibit
lucrative CAGR during the forecast period owing to increasing preference
for point-of-care testing by clinicians
- In 2016, North America held a dominant share of the
global kidney function tests market, as a consequence of increasing local
presence of prominent companies undertaking competitive sustainability
strategies
- Asia Pacific is anticipated to grow at an exponential
CAGR owing to unmet needs of patients, continuous infrastructural &
technological upgradation, and increasing healthcare expenditure
- Some key participants such as Abbott Laboratories;
Merck Millipore; Alere, Inc.; and Quest Diagnostics are implementing
various competitive strategies, such as new product development &
frequent product approvals, to maintain their position in the market
- For instance, in March 2015, metropolis announced the
launch of a kidney function test, a PLA2R antibody test, that detects and
evaluates intensity of membranous nephropathy
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the kidney function tests
market on the basis of product, end use, and region:
Kidney Function Tests Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Dilution
& Concentration Tests
- Clearance
Tests
- Urine
Tests
- Imaging
Tests
Kidney Function Tests End-Use Outlook (Revenue, USD
Million, 2014 - 2025)
- Hospitals
- Diagnostic
Laboratories
- Academic
Research Laboratories
- Others
Kidney Function Tests Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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