Leeds, UK -- (SBWIRE) -- 07/10/2019 -- High morbidity rate due to lack of access to affordable kidney disorder treatments is a global concern. The depleting quality of drinking water sources, increase in diabetic population and lack of the kidney transplants sources are factors leading to growth in chronic kidney disease diagnostics market. Also, gradual kidney function loss due to unnoticed early symptoms cause serious medical implications. Therefore, chronic kidney disease diagnostics become even more vital for early detection and curbing the further progression of ailment.
Further, the investments in discovering new treatment and breakthrough research activities are widely impacting the chronic kidney disease diagnostics market.
Key Mergers and Acquisitions to Prevail in the Forthcoming Years
Mounting demand for alternative treatments and diagnostic tests continues to surge a few compelling partnerships and collaborations amongst chronic kidney disease diagnostic market players. The trend is marked by one of the conglomerations last year between Baxter and International Society of Nephrology, Novo Nordisk and Evotec, AstraZeneca and Ionis Pharmaceuticals, etc. R&D collaborations and licensing agreements are also estimated to demonstrate a positive inclination during the forecast period of 2019-2026.
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Disease-modifying Pharmacological Interventions and Therapies to Transform Current Therapeutic Options
Start-ups receive huge support in the form of venture capital funding as many market players focus on expedited discovery and development of alternative therapies, especially disease-modifying pharmacological interventions. In order to curb the progression of the disease, counter the comorbidities and reducing economic burden pharmaceutical companies are investigating various diagnostic products across different stages of the chronic kidney disease.
Global Chronic Kidney Disease Diagnostics Market, by Type
- Blood Test
- Urine Test
- Imaging
- Others
Backed up by biomarkers diagnostics focus on blood and urine analysis, blood test and urine test segment continues to soar in demand for coming years. The advanced 3D imaging techniques are gaining popularity as an aid to investigate the chemical change of biosamples at the molecular level of chronic kidney disease tissues with pathological conditions.
Global Chronic Kidney Disease Diagnostics Market, by End-User
- Hospitals
- Clinics
- Diagnostic labs
Global Chronic Kidney Disease Diagnostics Market, by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Rest of the World
Due to increasing chronic kidney disease patient pool, North America is poised to grow at a strong CAGR during the forecast period. Apart from government funding for the R&D, flourishing medical device industry in Europe is attracting considerable growth possibilities currently and the trend is expected to thrive for the near future. Awareness about the risk associated with kidney disorders and the prevailing diabetic population is causing extensive market proliferation in the Asia Pacific region.
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Competitive Landscape:
- Tier 1 players- established companies in the market with a major market share
- Tier 2 players
- Emerging players which are growing rapidly
- New Entrants
FutureWise Key Takeaways
- Growth prospects
- SWOT analysis
- Key trends
- Key data-points affecting market growth
Objectives of the Study:
- To provide with an exhaustive analysis on the global chronic kidney disease diagnostics market on the basis of type, end-user, and region
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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