Lucintel Newsletter

Business News by Lucintel

Bookmark and Share

Monday, October 9, 2023

Global Kidney Function Tests Market is anticipated to grow at a CAGR of 6.7% during 2024 to 2030

The future of the global kidney function tests market looks promising with opportunities in the hospital, diagnostic laboratory, and research laboratory & institute markets. The global kidney function tests market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are rising prevalence of kidney disease, diabetes and hypertension are leading causes of kidney disease, and awareness among patients about the importance of kidney health and the benefits of early detection.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the kidney function tests market by product (clearance tests, urine tests, blood tests, dilution & concentration tests, and others), end use (hospitals, diagnostic laboratories, research laboratories & institutes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry? 

Market Segmentation: 

In this market, clearance tests, urine tests, blood tests, and dilution & concentration tests are the major segments of kidney function tests market by product. Lucintel forecasts that clearance tests will remain the largest segment over the forecast period as these tests excel in maintaining consistent performance due to their exceptional sensitivity and precision along with its widespread availability and cost-effectiveness nature.

Within this market, diagnostic laboratories will remain the largest segment due to increasing number of people with kidney disorders, the rising prevalence of chronic kidney disease, and the aging population, more patients are visiting diagnostic laboratories. 

North America will remain the largest region during the forecast period due to presence of well-developed healthcare system, high public awareness of chronic kidney disease, and supportive government policies and reimbursement programs.

Abbott, Danaher, F. Hoffmann-La Roche, Sysmex Corporation, Siemens Healthineers, Randox Laboratories, and Quest Diagnostics are the major suppliers in the kidney function tests market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

Related Reports

1. Pharmaceutical Contract Manufacturing Market

 

2. Medical Battery Market

 

3. Stent Market

 

4. Wheelchair Market  

 

5. 3D Printing Medical Device Market


6. Medical Device Market

 

7. Diagnostic Imaging Market

 

8.  Medical Lifting Sling Market

 

9.  Liquid Biopsy Market

 

10.  Stretcher Market


 


No comments:

Post a Comment