Global Kidney Function Tests Market – Industry Trends and Forecast to 2029

1. Global Kidney Function Tests Market – Industry Trends and Forecast to 2029  Kidney Function Tests Market Analysis and Size Derangement of any of these functions would result in either decreased excretion of waste products and hence their accumulation in the body or loss of some vital nutrient from the body. Based on the level of these excretory products and nutrients in the urine as well as in blood, we could make an accurate calculation to decipher the efficiency of the kidney to undertake its various functions. https://www.databridgemarketresearch.com/reports/global-kidney-function-tests-market Data Bridge Market Research analyses that the kidney function tests market which was USD 823.68 million in 2021, is expected to reach USD 1,312.83 million by 2029, at a CAGR of 6.00% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

2. Report Description https://www.databridgemarketresearch.com/reports/global-kidney-function-tests-market Market Definition Kidney function tests are a group of lab tests that include urine analysis, blood urea nitrogen (BUN), and serum creatinine tests, among others, to examine the normal functioning of the kidneys. They are extremely useful in determining the normal functions of the renal tissues as well as detecting any abnormalities or health anomalies, such as acute/chronic kidney disease, polycystic kidney disease, diabetic nephropathy, kidney failure, and glomerulonephritis. Kidney function tests are blood tests or urine tests that evaluate how well your kidneys are working. Most of the tests measure glomerular filtration rate (GFR). Glomerular filtration rate assesses how efficiently your kidneys clear waste from your system. The main function of the kidney would be the excretion of water-soluble waste products from our body. Global Kidney Function Tests Market Dynamics Drivers Technological innovations are driving the market Rising innovation and technological advancement which is the first systems for treating kidney failure were developed in the 1940's, Development of novel products is also bolstering growth Rising R&D initiatives for the development of novel products are expected to significantly boost market growth during the forecast period. For instance, in January 2020, Germany-based SphingoTec GmbH launched its IB10 sphingotestpenKid, a Point-of-Care (PoC) test for Proenkephalin (penKid).

3. Market Overview Opportunities Government initiatives Several public-private partnerships are launching initiatives to make kidney disease testing more accessible in key areas. For instance, in July 2020, the National Kidney Foundation (NKF) introduced a new kidney health evaluation measure Restraints/Challenges High cost of kidney related tests High cost of kidney function tests and the low adoption rate in emerging and underdeveloped countries will obstruct the market's growth rate. The greater number of individuals with a clinical diagnosis of kidney disease as a result of the modified formula would mean that more people may receive recommendations for dose adjustments or contraindications for certain drugs that may interfere with kidney function or be poorly filtered by the kidneys. Recent developments In August 2021, ID Genomics (IDG), a Seattle-based company, invented a dipstick-based assay for the simultaneous identification of a large number of genetic variants of SARS-CoV2 and received a grant of USD 300,000 from the National Institute of Health (NIH). In July 2022, bioMérieux received FDA approval for the innovative VIDAS NEPHROCHECK assay to detect kidney stress in patients at risk of acute kidney injury (AKI). The introduction of new products and the region's growing advances in urine analysis are driving market growth.

4. Key Players • Some of the major players operating in the kidney function tests market are: • Abbott (U.S.) • Akers Biosciences, Inc. (U.S.) • Beckman Coulter, Inc. (U.S.) • Bio-Rad Laboratories, Inc. (U.S.) • Eurofins Scientific (Luxembourg) • Boston Heart Diagnostics Corporation (U.S.) • F. Hoffmann-La Roche Ltd (Switzerland) • Home Access Health (U.S.) • Laboratory Corporation of America Holdings (U.S.) • PRIMA Lab SA (Switzerland) • Quest Diagnostics Incorporated (U.S.) • Randox Laboratories Ltd. (U.K.) • Sekisui Diagnostics (U.S.) • Siemens (Germany) • Merck KGaA (Germany) • Siemens Healthcare Private Limited (Germany) •  Danaher (U.S.) • Sysmex Corporation (Japan) •  Nova Biomedical (U.S.) • https://www.databridgemarketresearch.com/reports/global-kidney-function-tests-market

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