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The Global Kidney Function Tests Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.
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Kidney Function Tests Market Expected to Witness High Growth over the Forecast Period 2023 - 2032
Industry Insights • Kidney Function Tests Market size will expand substantially through 2032. Growing geriatric population's susceptibility to kidney disorders has increased the need for kidney function tests. • As per WHO, in China, the population of people aged 60 years and over will reach 402 million by 2040. • Moreover, flourishing healthcare infrastructure coupled with growing awareness about kidney disorders is presenting growth opportunities to the industry. • In August 2022, the U.S. Department of Health and Human Services announced an investment of around USD 60 million to strengthen the healthcare workforce.
The overall kidney function tests market is categorized based on product, test, end-use, and region. • Based on the product, industry value from the disposables segment will register huge significant gains through 2032. High accuracy and precision of disposables allow for enhanced measurement of various parameters, such as creatinine, blood urea nitrogen (BUN), and electrolyte levels, favoring their adoption. • Additionally, the simplicity of disposables streamlines the testing process, saves time, and enhances workflow efficiency in clinical settings. They eliminate the need for specialized laboratory equipment, reagents, and skilled personnel, reducing overall testing costs. • Based on the test, industry value from the blood tests segment will register huge gains through 2032. Growing awareness about the early detection and diagnosis of kidney dysfunction has increased the need for blood tests. Moreover, the rising prevalence of chronic kidney disease has further propelled the demand for such tests for the early detection of the condition. • Regular blood tests help track disease progression, assess treatment efficacy, and guide management decisions.
Regional Analysis • From the regional perspective, the Asia Pacific kidney function tests market share will grow at a notable CAGR from 2023 to 2032. Rising prevalence of kidney disorders has increased the need for kidney function tests in the region. Moreover, rapidly expanding healthcare infrastructure is presenting growth opportunities for regional expansion. • Competitive Analysis • F. Hoffmann-La Roche Ltd., Abbott Laboratories, Danaher Corporation, Bio-Rad Laboratories, Inc., 77 ElektronikaKft, Quest Diagnostics and Nova Biomedical
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