Kidney Function Tests Industry wills to propel Growth due to Well Established Healthcare Infrastructure Coupled with Rising Awareness among Consumers

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In this report, the global Kidney Function Tests market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

The global kidney function tests market is anticipated to grow at a phenomenal CAGR during the forecast period (from 2017 to 2025), according to a report available on Radiant Insights, Inc. Growing requirement for early diagnosis of Chronic Kidney Diseases(CKD) to prevent kidney or heart failure is anticipated to propel the demand for kidney function tests. Such tests provide Glomerular Filtration Rate (GFR), which can tell how quickly the waste is getting cleared from patient’s kidney. Growing geriatric population base prone to diabetes and high blood pressure, which can lead to CKD, is also expected to influence the market growth. 

In addition, growing awareness regarding the availability of advanced diagnostic tests is projected to fuel the kidney function tests demand. Moreover, increased adoption of fast and accurate diagnostic procedures in hospitals and clinics is also estimated to augment the market development in the coming years. Continual technological advancements in renal function tests to offer analysis of a wide range of samples and deliver quick results can stimulate market growth.

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To cater to the rising demand for advanced diagnostics solutions, most companies and institutes are focusing on R&D activities to develop innovative tests. For instance, a team of researchers at the University of Western Australia recently developed a test to predict diabetic kidney disease up to four years in advance. The new test called Promarker Dinvolves simple blood test using unique protein ‘fingerprint’ to detect any signs of kidney disease.

The research team collaborated with Proteomics International to public this test. Such kidney function tests can help millions of people avoid costly and invasive dialysis treatments. The global kidney function tests market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into clearance tests, urine tests, imaging tests, and dilution & concentration tests. Clearance tests are expected to dominate the market owing to the major role in measurement and monitoring of GFR. In addition, high precision and sensitivity of these tests can augment their demand. Based on application, the market can be classified into diagnostic laboratories, hospitals, academic research laboratories, and others.

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The hospitals segment is anticipated to account for the maximum share due to high patient volume and frequent readmissions. In addition, availability of advanced facilities in hospitals offering high efficiency in diagnostic procedures can fuel the segment growth. Regional segmentation includes China, India, Japan, North America, Europe, and Southeast Asia. The North America kidney function tests market is expected to have a substantial growth over the next few years on account of high prevalence of the disease, particularly in US. In addition, well established healthcare infrastructure coupled with rising awareness among consumers can propel the region’s growth in the forthcoming years. In India and China, the kidney function tests market would grow rapidly as a result of increasing cases of diabetes and high blood pressure.

Furthermore, high demand for advanced diagnostic and therapeutic regimens for kidney disorders can spur the market growth in the region. The Japan regional kidney function tests market is expected to exhibit a healthy growth rate attributed to the rising cases of CKD. Presence of favorable associations such as International Kidney Evaluation Association Japan (IKEAJ) promoting awareness regarding CKD and related tests can escalated the demand for kidney function tests. In Europe, the market is also likely to grow well on account of large number of patients suffering from CKD. Some of the leading companies offering kidney function tests are Quidel Corporation; Kadmon Corporation; Baxter International; Alere Inc.; and Roche Holding AG.

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