Renal Biomarkers Market Size, Share, Outlook, and Opportunity Analysis, 2019– 2027

Renal Biomarkers Market Report Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.
 
SEATTLE - June 4, 2021 - PRLog -- The global Renal Biomarkers Market is estimated to account for US$ 1,094.5 Mn in terms of value in 2019 and is expected to reach US$ 1,894.2 Mn by the end of 2027.

Global Renal Biomarkers Market: Drivers

Increasing demand for early diseases diagnosis of various kidney diseases is expected to propel growth of the global renal biomarkers market over the forecast period. Renal biomarkers offer early diagnosis of kidney injury and provide better information about the status of ongoing injury in patients with chronic kidney disease. These biomarkers also forecast the probability of progression of disease, which helps in development of personalized medicine for the treatment of chronic kidney disease.

Global Renal Biomarkers Market: Opportunities

Use of renal biomarkers for the diagnosis of renal cancer is expected to offer lucrative growth opportunities for players in the global renal biomarkers market over the forecast period. Renal biomarkers can be effective in diagnosis of renal cancer. Currently many clinical and laboratory algorithms are being used but there is no perfect tool for early diagnosis of renal cancer and tumors, that are thought to be accidently detected during routine abdominal imaging. Early diagnosis of renal cancer can prevent disease progression.

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Key Takeaways:

Functional biomarkers segment in the global renal biomarkers market was valued at US$ 543.6 Mn in 2018 and is expected to reach US$ 1,057.3 Mn by 2027 at a CAGR of 7.6% during the forecast period.

The diagnostic labs segment held dominant position in the global renal biomarkers market in 2018, accounting for 34.9% share in terms of value, followed by Outpatient Clinics and Research Centers, respectively.

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Global Renal Biomarkers Market: Key Developments

January 2020: Hitado GmbH, a Sysmex point-of-care subsidiary, and SphingoTec GmbH signed an exclusive distribution agreement for the commercialization of the Nexus IB10 diagnostic platform, a fully automated rapid immunoassay point-of-care platform by Hitado, in Germany

October 2019: Antech Diagnostics acquired Biovet, a biotechnology company that offers diagnostic solutions for animal health

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