USD 805.08 million
Report ID:
SQMIG35D2206 |
Region:
Global |
Published Date: July, 2024
Pages:
219
|Tables:
91
|Figures:
66
Kidney Function Test Market was valued at USD 842.1 million in 2022 and is expected to rise from USD 895.15 million in 2023 to reach a value of USD 1459.4 million by 2031, at a CAGR of 6.3% during the forecast period (2024–2031).
The Kidney function test market is poised for substantial growth, buoyed by several contributing factors that collectively propel advancements in this field. Notably, escalating investments by key market players and a concurrent surge in research and development activities are steering innovative strides in Kidney care. A significant driver is the high prevalence of kidney diseases, urging a proactive approach towards improved diagnostics and treatment. Additionally, the growing impetus from government initiatives further bolsters this momentum, fostering an environment conducive to transformative advancements.
One such example is Nova Biomedical's groundbreaking introduction in March 2022—a pioneering tool designed to revolutionize Kidney care by enabling early disease detection and renal function screening in Point-of-Care Testing (POCT) settings beyond hospital confines. The efficacy of this technology has been substantiated through clinical studies conducted across various non-hospital environments, encompassing community health centers, pharmacies, imaging centers, physician offices, clinics, and even home-based testing by individuals. This innovative leap promises to extend the reach of Kidney health assessment, empowering diverse settings with enhanced diagnostic capabilities and facilitating proactive measures for improved patient outcomes.
Global Market Size
USD 805.08 million
Largest Segment
Diagnostic Laboratories
Fastest Growth
Urine Test
Growth Rate
6.2% CAGR
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The kidney function tests market is segmented into product, test, end-user, and region. Based on product, the market is segmented into dipsticks, disposables, and reagents. Based on tests, the market is segmented into urine tests (urine protein tests, creatinine clearance tests, microalbumin tests), blood tests (serum creatinine tests, glomerular filtration rate tests, blood urea nitrogen tests), and others. Based on end user, the market is segmented into diagnostic laboratories, hospital, research laboratories & institute and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Analysis by Product
In 2023, Urine tests segment is the largest segment of the Global Kidney Function Test Market by holding approx. 67% of the total revenue. The dominance of this segment is mainly driven due to its simple function and commonly used in diagnosing the condition. The study indicates that the advantages of urine tests including ease of use, non-interference with patient’s activities, and cost-efficiency make them the most popular among health care practitioners and patients. The factors stimulating this sub-segment are the high incidence of CKD, diabetes, and hypertension that require constant assessment of the state of kidneys. Also, there has been further innovation of urine testing equipment like the point of care equipment, which has increased the expansion rate of urine tests in clinical diagnosis.
Blood tests are also growing at a phenomenal rate in the Global Kidney Function Test Market owing to high precision and extensive diagnostic profile. By breaking down the market, our research identifies the increasing use of more frequent and accurate diagnosis of kidney dysfunction as another major factor driving blood tests’ development. Thus, the developments in biomarkers and the use of such technologies as artificial intelligence and machine learning in blood tests have improved the predictive ability of these assessments. Furthermore, improving consciousness of kidney health and the development of a more extensive healthcare system, particularly in developing countries, have boosted this segment’s growth rate substantially.
Analysis by End-User
In 2023, the hospital segment emerged as a dominant force, commanding a substantial market share of 40.90%. This dominance is attributed to the heightened rates of hospitalization, where medical practitioners necessitate accurate diagnostic insights to guide subsequent treatment protocols. Typically, diagnostic centers operate in tandem with hospitals, leading many hospitals to establish their diagnostic setups. Furthermore, ongoing advancements in healthcare infrastructure are poised to augment existing hospital facilities, paving the way for expanded services and broader offerings.
The diagnostic laboratories segment is forecasted to witness remarkable growth, anticipated to exhibit a notable CAGR of 7.95% in 2022. This projected surge is propelled by several key factors, including heightened awareness surrounding chronic kidney disease (CKD) and an escalating demand for accessible and cost-effective diagnostic services. Rapid strides in technology further contribute to this segment's anticipated expansion. Moreover, governmental initiatives aimed at enhancing healthcare provision, such as facilitating reimbursements for diagnostic tests, play a pivotal role in propelling market growth.
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In 2023, North America emerged as the revenue leader, asserting dominance within the market landscape. This stronghold can be attributed to several factors, notably the region's well-established healthcare infrastructure, coupled with a heightened awareness of chronic kidney disease (CKD) among both healthcare professionals and the general populace. Additionally, the region benefits from favorable reimbursement policies and proactive governmental initiatives aimed at bolstering healthcare accessibility and affordability.
Anticipated to showcase a substantial CAGR of 8.34% over the forecast period, the Asia Pacific region is poised for significant expansion within the Kidney function tests market. This growth trajectory is notably propelled by the escalating prevalence of kidney diseases in the region, signaling a pressing healthcare concern. For instance, data from the Australian Institute of Health and Welfare in 2020 revealed a stark reality, with approximately 17,700 individuals succumbing to chronic kidney disease (CKD) in Australia alone.
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Drivers
Rising Technological Advancements
Restraints
High Cost of Kidney Related Tests
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The competitive environment of the kidney function test market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
In Oct 2023, Everly Health launched a holistic at-home collection kidney health test for the diagnosis of chronic kidney disease (CKD). The test is aimed at health plans and employers to help increase the availability of the preventive, diagnostic, and treatment services for CKD.
In January 2023, a strategic partnership between Jana Care, a point-of-care diagnostics company, and Roche Diagnostics was signed to develop blood tests for chronic renal disease and heart failure. The at-home testing system that allows patients to conduct blood tests using fingerstick samples and physicians to review the results will be provided by Roche, the companies said in a joint statement.
In August 2022, an innovation in the market was launched in the form of the Bloom Kidney Test by Bloom Diagnostics, a medtech company based in Switzerland. The Bloom Kidney Test is intended for the use by physicians and chemists to perform a quick analysis and evaluation of the kidney’s function in patients who are at least 18 years old.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Kidney Function Test marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The Kidney function test market is poised for significant growth, driven by the increasing prevalence of acute Kidney injury (AKI) and its association with chronic Kidney disease (CKD) over the forecast period. CKD, characterized by persistent renal function and structural abnormalities persisting for at least 3 months, is strongly linked to lifestyle diseases and Kidney injuries, posing substantial risks. This condition has emerged as a global health concern, standing as a leading cause of illness and mortality worldwide. According to the World Health Organization (WHO), Kidney disease has risen in prevalence, ranking among the top 10 causes of death globally over the past nine years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 842.1 million |
Market size value in 2031 | USD 1459.4 million |
Growth Rate | 6.3% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Kidney Function Test Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Kidney Function Test Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Kidney Function Test Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Kidney Function Test Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2206
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