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kidney/renal function test market to Exhibit a Remarkable CAGR of 6.20 %, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

kidney/renal function test market to Exhibit a Remarkable CAGR

Data Bridge Market Research analyses a growth rate in the kidney/renal function test market in the forecast period 2023-2030. The expected CAGR of the kidney/renal function test market tends to be around 6.20 % in the mentioned forecast period.

Market Overview

The kidney/renal function tests are used to diagnose any defect in the functions of the kidney. The common symptoms of these diseases are difficulty in urination due to increased body fluids, blood in urine, swelling in hands or feet, and swollen face. Kidney or Renal diseases may develop over the years, leading to end-stage kidney (or renal) disease (ESRD). It has become a massive public health issue. For the correct identification of these diseases, they are used widely.

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Global Kidney/Renal Function Test Market Dynamics

Drivers

• Increased Prevalence of Kidney Diseases

The growing incidence of chronic kidney disease worldwide is majorly responsible for enhancing the market's growth. As per the National Kidney Foundation records, approximately 10% of the global population is affected by chronic kidney disease (CKD). According to WHO facts 2019, around 1.13 billion people globally have hypertension. In 2014-2016, diabetes and hypertension were responsible for about 75% of kidney failure. This increasing prevalence demands higher demand for tests for early disease detection, leading to market growth. Thus, it boosts the market growth.

• Increasing Technological Advancements by Market Players

The increased adoption of digital urinalysis specifies the increasing demand for home diagnostics, enhancing market growth. For instance, Healthy.io, a start-up in digital health headquartered in Israel, developed an FDA-cleared at-home smartphone urinalysis test to assist people in opting for kidney tests for proteins. Early detection helps to prevent complications from kidney diseases. Furthermore, the company's urinalysis test, called Dip.io, uses disposable cups and strips in combination with a smartphone camera to interpret and read the results. Thus, this factor boosts market growth.

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About Data Bridge Market Research:

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

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