Renal profile tests play a crucial role in enhancing kidney health by diagnosing and monitoring kidney disorders. These tests assess various parameters such as creatinine, blood urea nitrogen, electrolyte levels, and urine analysis to evaluate kidney function. They help in the early detection of kidney diseases, such as chronic kidney disease and renal failure, enabling timely intervention and treatment. Renal profile tests are essential for monitoring disease progression, assessing treatment efficacy, and adjusting medication dosages. Providing valuable insights into kidney health, these tests aid in maintaining and improving overall kidney function and patient well-being.
According to Data Bridge Market Research, the Global Renal Profile Market accounted for USD 800 million in 2021 and is expected to reach USD 1324.00 million by 2029. The market is expected to grow with a CAGR of 6.50% in the forecast period of 2022 to 2029.
“Rising healthcare expenditure boosts the market’s growth”
The rising healthcare expenditure drives the growth of the renal profile market. As healthcare expenditure increases, there is a greater focus on preventive care and early detection of kidney-related diseases. Renal profile tests are crucial in assessing kidney function, identifying potential abnormalities, and monitoring disease progression. With the growing emphasis on healthcare services and the rising prevalence of renal disorders globally, the demand for renal profile tests is expected to increase, driving the growth of the renal profile market.
What restraints the growth of the global renal profile market?
“Lack of reimbursement policies restraints the market’s growth”
The lack of reimbursement policies hinders the growth of the renal profile market. The absence or limited coverage of renal profile tests by insurance providers poses financial barriers for patients and healthcare providers. This restrains the adoption and utilization of renal profile tests, impacting market growth. Inadequate reimbursement policies also limit the affordability and accessibility of these tests, leading to lower demand. Addressing the lack of reimbursement policies and increasing coverage for renal profile tests can significantly contribute to the market's expansion.
Segmentation: Global Renal Profile Market
The global renal profile market is segmented on the basis of indication, test type, process and end user.
- On the basis of indication, the renal profile market has been segmented into hypertension, diabetes, obesity, family history of kidney disease.
- On the basis of test type, the renal profile market has been segmented into albumin, calcium, carbon dioxide, creatinine, chloride, glucose, phosphorous, potassium, sodium, bun, calculated anion gap value.
- On the basis of process, the renal profile market has been segmented into quantitative chemiluminescent immunoassay, quantitative enzyme-linked immunosorbent assay.
- On the basis of end user, the renal profile market has been segmented into hospitals, diagnostic laboratories, research laboratories, and institutes.
Regional Insights: North America dominates the Global Renal Profile Market
North America dominates the renal profile market owing to the rising occurrences of chronic diseases, such as diabetes and hypertension, which can impact kidney health. Additionally, increasing awareness among individuals about kidney diseases and their treatment options has led to a higher demand for renal profile tests for early detection and monitoring.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing number of geriatric population and rising cases of kidney disorders. The elderly population is more prone to kidney-related issues, such as chronic kidney disease and renal failure, which drive the demand for renal profile tests for diagnosis, monitoring, and treatment evaluation.
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The Prominent Key Players Operating in the Global Renal Profile Market Include:
- 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)
Above are the key players covered in the report, to know about more and exhaustive list of global renal profile market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Renal Profile Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
