Renal Biomarker Market is expected to touch a valuation of US$ 2.6 Billion by 2032 | FMI

Renal Biomarker Market is anticipated to experience a 7.0% year-over-year growth in demand, reaching US$ 2.6 billion in 2032.

According to Future Market Insights analysts, a rising prevalence of renal diseases is likely to boost the growth of the global renal biomarker market over the forecast period. Other prominent growth factors include a large number of clinical trials in the novel renal biomarker and drug development space and penetration of various cost-effective, reliable, and rapid technologically driven diagnostic protocols in clinical practice.

However, use of unreliable imperfect gold standard for renal disease diagnosis and lack of sensitivity and specificity in current renal biomarkers are some of the factors restraining the growth of the market over the forecast period.

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A growing popularity of non-invasive renal biomarkers could help researchers in the development of studies utilising urine biomarkers and tracking therapies early in the course of diseases diagnosis. Additionally, formation of several consortiums on renal disease accelerating R&D involves investigators from multiple institutions working together to pursue the discovery and validation of novel biomarkers to advance the field of renal biomarker research.

Kidney Biomarker are substances that can be measured in blood, urine, or other body fluids to assess the function of the kidneys. They can help in the diagnosis, monitoring, and treatment of various kidney diseases and disorders.

Key Companies Profiled:

• Abbott Laboratories
• BioPorto Diagnostics AS
• F. Hoffmann-La Roche AG
• Thermo Fisher Scientific Inc.
• Nexelis (Pacific Biomarkers)
• BioMérieux
• Sphingotec GmbH
• Randox Laboratories Ltd
• Siemens Healthineers AG
• Beckman Coulter Inc. (Danaher Corporation)
• Bio-Rad Laboratories Inc.
• Enzo Biochem Inc.
• PerkinElmer Inc.
• Renalytix AI

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Key Market Segments Covered in Renal Biomarker Industry Research

By Biomarker:

• Functional Biomarker
  • Serum Creatinine
  • Serum Cystatin C
  • Urine Albumin
• Up-Regulated Proteins
  • Neutrophil Gelatinase-Associated Lipocalin
  • Kidney Injury Molecule-1
  • Interleukin-18
• Others

By Diagnostic Technique:

• Enzyme Linked Immunosorbent Assay (ELISA)
• Particle-Enhanced Turbidimetric Immunoassay (PETIA)
• Colorimetric Assay
• Chemiluminescent Enzyme Immunoassay (CLIA)
• Liquid Chromatography-Mass Spectrometry (LS-MS)

By End User:

• Diagnostic Labs
• Outpatient Clinics
• Research Centers
• Hospitals

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Regional analysis

The global renal biomarker market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). The North America renal biomarker market is expected to register high Y-o-Y growth throughout the forecast period. The market in this region is anticipated to witness a CAGR of 7.6% over the forecast period. The presence of leading renal biomarker manufacturers and established distribution channels in North America is expected to create significant growth opportunities over the next 10 years. The Western Europe renal biomarker market is estimated to represent absolute $ opportunity of US$ 14.1 Mn in 2017 over 2016.

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