Kidney Function Tests Market Analysis & Trends - Industry Forecast to 2025by Mack Nene SEO | Digital Marketing
Growing prevalence of chronic kidney diseases worldwide along with shift towards sedentary lifestyles to drive the growth of global kidney function tests market
According to TechSci Research report, “Global Kidney Function Tests Market By Disease (Acute, Chronic), By Diagnosis (Blood test, Imaging tests, Biopsy, Urine Tests), By Factors (High blood pressure, Diabetes, Acute kidney injury, Cardiovascular disease, Kidney stones, Enlarged prostate or lupus, Others), By Product Type (Kits and essay, Software, Instruments), By End-User (Hospitals and clinics, Diagnostic laboratories, Research Laboratories and Institutes Others), By Region, Competition, Forecast & Opportunities, 2025”, global kidney function tests market is expected to witness robust growth rate during the forecast period. Growing incidences of diabetes and hypertension is one of the major factor accounting for the growth of global kidney function tests market. Moreover, number of geriatric populations is increasing at an alarming rate, which is further expected to bode well for the growth of global kidney function tests through the forecast years. In addition to this, high incidence rate of renal fibrosis is anticipated to positively influence the growth of global kidney function tests market in the years to come. Also, shift towards sedentary lifestyle is making headway for the growth of global kidney function tests market across the globe. Moreover, technological advancements such as advanced parameter estimation, usage of automated analyzers and computer-assisted interpretation are anticipated to aid the market growth in the forecast years. However, there are some factors that can act as major impediments to the growth of global kidney function tests market through 2025 such as rise in overall stringent regulatory approvals and healthcare expenditure, high initial investment cost among others.
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Global kidney function tests market is segmented based disease, diagnosis, factors, product type, end-user, company and region. Considering the diagnosis, the market is fragmented into blood test, imaging tests, biopsy and urine tests. The urine tests segment dominated the global kidney function tests market in terms of highest revenue until 2019 and is further anticipated to hold its dominance during the forecast period as well, which can be accredited to surging use of urine dipsticks analysis. Additionally, collection of urine samples is much easier as compared to blood samples, which is further aiding the growth of the segment globally. In terms of factors, the market is fragmented into high blood pressure, diabetes, acute kidney injury, cardiovascular disease, kidney stones, enlarged prostate or lupus and others. Out of which, the increase in kidney function test due to diabetes segment is anticipated to grow at a high pace during the forecast period which can be accredited to the increase in population having diabetes across the globe as high sugar levels in the blood of a diabetic patient can cause tiny blood vessels to become narrow and clogged.
Roche, Siemens, Olympus, Beckman Coulter, Abbott, Nova Biomedical, Stryker, Boston Scientific, Sysmex, Eli Lilly, Pentax, Merck, Perkin Elmer, Randox Laboratories, Arkray, Becton Dickinson, Opti Medical, Quest Diagnostics, Boehringer Ingelheim, Fresenius are among others are the leading players operating in global kidney function tests market. The leading players are adopting several growth strategies to enhance the market scenario of kidney function tests. Other competitive strategies include mergers & acquisitions to diverse their product portfolio in order to strengthen their market position.
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“North America is forecast to dominate the global kidney function tests market during the next 5 years on account of mounting cases of diabetes in the United States. Moreover, Government of Canada is taking initiatives for treating kidney diseases which is also expected to contribute to the growing trend. Furthermore, Asia-Pacific region is forecast to register high growth through 2025 due to increase in research and development initiatives and funding by major market players. Moreover, growing healthcare organizations in developing economies across the region is anticipated to further fuel the market in Asia-Pacific until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Kidney Function Tests Market By Disease (Acute, Chronic), By Diagnosis (Blood test, Imaging tests, Biopsy, Urine Tests), By Factors (High blood pressure, Diabetes, Acute kidney injury, Cardiovascular disease, Kidney stones, Enlarged prostate or lupus, Others), By Product Type (Kits and essay, Software, Instruments), By End-User (Hospitals and clinics, Diagnostic laboratories, Research Laboratories and Institutes Others), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global kidney function tests market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global kidney function tests market.
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Created on Apr 2nd 2020 07:13. Viewed 679 times.