Kidney function test market is expected to grow in upcoming years due to factors such as increase in prevalence of kidney related disorders, rise in diabetes and hypertension patients, rapid growth of geriatric population across the world and high consumption of alcohol.
Kidneys are considered as an important organ in the human body. Kidney filters blood and reabsorbs the essential elements and removes the soluble waste products from the blood. They require continuous regeneration of dead nephrons and right circulation of blood to maintain growth of cells. The kidney function tests determine the disorder related to the kidney or renal function and helps doctors to prescribe specific medication. Kidney function test are segmented into dilution test, clearance test, and others. Kidney disorders such as difficulty in urination due to increased body fluids, swelling in hands or feet, swollen face can be diagnosed with the use of kidney function test.
COVID-19 scenario analysis:
To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on the kidney function test market.
Top Impacting factors:
- Factors such as increase in prevalence of kidney disorders due to rise in alcohol consumption, are driving the growth for the kidney function test market.
- Technological advancements made in the renal function test process has resulted in the early diagnosis of the diseases.
- Change in sedentary lifestyle, rise in obesity and increase in prevalence of diabetes and cardiovascular diseases have led to the growth of the kidney function test market.
- Rapidly growing geriatric population and increase in awareness by private and public healthcare organizations for early diagnosis has resulted in the market growth.
- However, factors such as stringent government regulation in procedures for kidney function test and inability of the test to completely determine the disease is expected to hamper the growth of market during the forecast period.
New Product Launch / News:
- In June 2020, Kidney disease diagnostics firm RenalytixAI announced that it has received a clinical laboratory permit from the New York State Department of Health allowing the company to provide its KidneyIntelX test to residents of the state.
- In March 2020, Horizon Therapeutics plc announced the launch of “Down and Out Kidney”, a campaign to highlight the damaging effects associated with the accumulation of uric acid and gout in people with chronic kidney disease (CKD).
- In May 2019, CareDx announced the launch of a new model built for kidney transplants which has incorporated Predictive Al for patients suffering from chronic kidney diseases.What Segments and region will drive the Kidney Function Test Market growth & why?
Kidney Function Test Market Report Highlights
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 Key Market Players | URIT Medical, Quest Diagnostics Incorporated, Randox Laboratories, 77 Elektronika, bioMérieux SA, OPTI Medical, Sysmex, Beckman Coulter, Roche, Laboratory Corporation of America Holdings, Merck KGaA, Siemens, Nova Biomedical, Abbott, ARKRAY |
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