About Kidney Function Tests
The global Kidney Function Tests market is expected to boost in the forecasted period due to the increasing number of Kidneyrelated diseases across the world. Kidneys are among the most vital organs of the human body. kidney function tests are simple blood and urine tests that can help identify problems with kidneys. Additionally, other complications including high blood pressure are contributing to the rising incidence rate and prevalence of chronic kidney disease worldwide. Demand for kidney function tests is mainly triggered by the presence of a large patient population suffering from renal disorders."In 2013, 88.2 percent of all incident cases began renal replacement therapy with hemodialysis, 9.0 percent started with peritoneal dialysis, and 2.6 percent received a preemptive kidney transplant."
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.3% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Kidney Function Tests market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott (United States), Nova Biomedical (United States), Siemens (Germany), URIT Medical (China), Sysmex (Japan), Roche (Switzerland), Beckman Coulter (United States), ARKRAY (Japan), OPTI Medical (United States) and ACON Laboratories (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are 77 Elektronika (Hungary) and Randox Laboratories (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Kidney Function Tests market by Type (Urine Tests [Urine Protein Tests, Creatinine Clearance Tests, Microalbumin Tests] and Blood Tests [Serum Creatinine Tests, Glomerular Filtration Rate Tests, Blood Urea Nitrogen Tests]) and Region.
On the basis of geography, the market of Kidney Function Tests has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Product, the sub-segment i.e. Dipsticks will boost the Kidney Function Tests market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Kidney Function Tests market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for a High Incidence Rate of Renal Fibrosis and High Demand for Cost-Effectiveness Of Dipstick Testing
Market Growth Drivers:
The Rising Prevalence Of Chronic Kidney Diseases and The Increasing Number of Individuals Suffering from Diabetes
Challenges:
Increased level of both urine and creatinine can indicate the kidney is having some trouble.
Restraints:
The Growing Concern Related to Stringent Regulatory Approvals
Opportunities:
Increasing Healthcare Expenditure in the Developing Countries and Growing Initiatives by the Government for the Awareness and Treatment of Kidney Diseases
Market Leaders and their expansionary development strategies
In March 2024, AstraZeneca announced that it has entered into a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing novel treatments for rare endocrine diseases.
In October 2018, Siemens Healthineers has teamed up with Israeli start-up Healthy.io to allow patients to test their urine at home by using a smartphone camera that scans a dipstick and sends the results to their doctor.
Key Target Audience
Kidney Function Test Providers, Diagnostic Laboratories, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.