Kidney Function Test Market To Reach USD 1061.0 Million By 2026
Market Summary The alerting rise in aging and geriatric population which leads to the high prevalence of kidney diseases, obesity and cardiovascular diseases has been driving the market into growth. The increase in investment levels lead to technological and diagnostic advancements which further instigates the market to growth and development. Market size- USD 656.6 Million in 2018, Market Growth- 6.2% CAGR, Market Trends- Innovation of new forms of diagnosis and preventive measures, acquisitions and investments in the emerging markets for various technological advances and treatment. According to a study and analysis by Reports and Data, the global Kidney Function Test market was valued at USD 656.6 Million in 2018 and is expected to be USD 1061.0 million by the end of the forecasting period of 2026, at a CAGR of 6.2%. The market is witnessing high growth due to increasing number of Kidney testing functions for patients suffering from kidney malfunctions mainly due to changing lifestyles. The kidney is an essential organ which refines the fluids in our body before distributing them and a malfunction can lead to various stages of cancer and chronic disease. Other factors driving the growth of this market includes rising level of awareness among the public about the several kidneys disease, hypertension and cardiovascular activities. The number of incidences of renal fibrosis has increased at an alarming rate and has been responsible for the growth of this market restrained by the high cost of development, maintenance and innovations.
Market Summary Further key findings from the report suggest • North America has the highest market share of 34.9% in the Kidney Function Test Market because of the existence of higher number of population facing kidney malfunctions and also due to the establishment of various major market players in this region As per the Centre for Disease Control and Prevention 44% of the diabetic patients suffered from End-Stage Renal Disease in U.S. in 2017 as diabetes damage the blood vessels of kidneys leading to an improper functioning of kidneys contributing to the risk for kidney disorders The disposables that are used as a product for the purpose of Kidney Function Test have been growing as consumables and producing sector as well. The market share of these disposables is forecasted to be 35% and is seen to be growing in a positive trend There have been developments not only for machinery and devices but also for various other diagnostic measures. One such development was the introduction of a home kit using smartphones for urinalysis. In August 2018, Siemens Healthcare announced an integration with Healthy.io’s system for smartphone in order to make urinalysis easy for patients • • • Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sample- enquiry-form/1448
Market Summary Key players Abbott Laboratories. St. Jude Medical, CareDx, Beckman Coulter, Siemens Healthcare GmbH, Cook Medical, Baxter, Merck and Company, Yourgene Health and Pfizer, among others are leading players involved in the global Kidney Function Test market. Segmentation: Product Type (Revenue, USD Million; 2016–2026) • Dipsticks • Reagents • Disposables Type (Revenue, USD Million; 2016–2026) • Urine Tests • Blood Tests • Kidney Biopsy • Imaging Tests • Dilution and Concentration Tests • Clearance Tests • Other Tests
Market Market Summary Summary End Use (Revenue, USD Million; 2016–2026) • Hospitals and Clinics • Diagnostic Laboratories • Research Laboratories and Institutes • Ambulatory Surgical Centres • Others Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) • North America • Europe • Asia Pacific • MEA • Latin America Buy Now: https://www.reportsanddata.com/checkout-form/1448
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