Growth in kidney function test market can primarily be attributed to factors such as the rising prevalence of kidney disease, growing prevalence of diabetes and hypertension, rapid growth in the geriatric population, and the rise in alcohol consumption.
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The kidney function test market report provides a picture of market across different industry verticals and regions. It aims at estimating market size & future growth potential of this market across different segments such as by product, type, end user, & region.
Furthermore, report also includes an in-depth competitive analysis of key players in market along with their company profiles, recent developments, and key market strategies.
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2 Market Overview
3 Competitive Scenario
5 Product Launches
8 Regulatory Approvals
The key players in kidney function test market are 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), and Randox Laboratories (UK).
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The global kidney/renal function test market was valued at USD 558.3 Million in 2016 and expected to reach USD 790.1 Million by 2022, growing at a CAGR of 6.1% during the forecast period. By type, the market is segmented into urine and blood tests.
In 2017, the urine tests segment is expected to account for the largest share of the kidney function tests market.
- Kidney function test product manufacturers and distributors
- Healthcare institutions (hospitals, academic medical centers, and outpatient clinics)
- Diagnostic laboratories
- Health insurance players
- Research and consulting firms
- Regulatory bodies
- Venture capitalists
North America is estimated to account for largest share of market, followed by Europe. This large share can be attributed to factors like increasing incidence of chronic diseases, rising prevalence of hypertension, growing incidence of diabetes in the US, and increasing initiatives by the Canadian government for the awareness and treatment of kidney diseases.
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Based on product, the market is categorized into dipsticks, reagents, and disposables. The dipsticks segment is expected to account for the largest share of the market in 2017 and is also estimated to grow at the highest CAGR during the forecast period.
Factors contributing to the large share of the market include the cost-effectiveness of dipstick testing, which also accounts for its widespread application across the globe.
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