Kidney Function Tests Market to generate strong growth by 2015-2021

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Kidneys are amongst the most vital organs of the human body. Kidneys mainly act as filters for the blood in the human body. They reabsorb the essential minerals and help to dispose of the waste products that are water-soluble. The functional damage of the kidney is common around the globe and its prevalence is increasing day by day. The indications of kidney related problems include difficulty in urination, high blood pressure, blood in urine, swelling in hands and feet due to increase in the body fluids.

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The report provides a comprehensive view of the kidney function test market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the kidney function test market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Increasing prevalence of chronic kidney disorders, rising geriatric population, high incidence of renal fibrosis, and growing number of individuals suffering from diabetes are the major factors driving the kidney function tests market. Kidney function tests demand is mainly driven by the presence of a large patient pool suffering from renal disorders. However, the worldwide kidney function tests market may affect the increasing number of restrictions and strict regulatory pressure regarding the use of certain procedures in kidney tests.

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Kidney function tests market is segmented on the basis of product types and region. Product segment includes dilution & concentration tests, clearance tests, urine tests and visual imaging tests. Urine tests are further classified into microalbuminuria, urine protein, and urinalysis. Concentration tests segment held the largest market share in 2015 due to extensive application of these products in a determination of pharmacokinetic properties of drugs.

The kidney function tests market has been segmented on the basis of geographic regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America dominated the global kidney function tests market owing to the high prevalence of the kidney related diseases especially in the U.S., awareness and affordability and well-established healthcare infrastructure in the region. Europe is one of the leading regions in kidney function tests market followed by North America. Asia-Pacific is expected to experience the highest growth in the near future due to increase in the prevalence of renal complications.

The key players in the global kidney function tests market are ManRos Therapeutics, Pfizer Inc., IC-Meditech, Plexxikon Inc., Eli Lilly and Company, Ipsen S.A., Otsuka Holdings Co., Discovery Biomed, Inc., Baxter International Inc., Endocyte, Inc., Galectin Therapeutics, Inc., and F. Hoffmann-La Roche Ltd.

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