Kidney Function Tests Market Is Predicted To Grow Swiftly Due To The Growing 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.
North America kidney function tests market, by product, 2014 - 2025 (USD Million) |
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.
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research report on Kidney Function Tests Market: www.grandviewresearch.com/industry-analysis/kidney-function-tests-market
Further key findings from the report 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
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reports of this category by Grand View Research: 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
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Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-kidney-function-tests-market
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.
For more
information: www.grandviewresearch.com
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