Renal Biomarkers Market Poised for Phenomenal Growth, Anticipates US$ 2.6 Billion Valuation by 2032

Due to the rising incidence of kidney diseases and the rising demand for early and precise diagnosis, the renal biomarkers market has seen significant growth in recent years. Renal biomarkers are particular indicators found in the blood, urine, or other bodily fluids that can offer insightful information about kidney function and identify the earliest indications of renal dysfunction or damage.

One of the key factors contributing to the market’s expansion is the increasing burden of chronic kidney diseases (CKD) and acute kidney injury (AKI). CKD is a global health concern, affecting millions of people worldwide, and early detection of kidney dysfunction is crucial to prevent disease progression and improve patient outcomes. Renal biomarkers play a vital role in identifying kidney damage at an early stage, enabling timely intervention and appropriate treatment.

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Global demand for renal biomarkers is expected to rise 7.0% year on year to US$ 2.6 billion by 2032, driven by:

• Global increases in kidney disease incidence
• a sizable geriatric population, particularly in developing countries
• The prevalence of multiple co-morbidities is increasing.
• Diabetes, obesity, and hypertension are all becoming more common.
• an increase in the world’s vulnerable ageing population

Moreover, the aging population and the rise in risk factors such as diabetes, hypertension, and obesity have contributed to the growing prevalence of kidney disorders. As the elderly population increases, the demand for renal biomarkers for timely diagnosis and management of kidney diseases is expected to rise.

The market offers a variety of renal biomarker tests, including serum creatinine, blood urea nitrogen (BUN), estimated glomerular filtration rate (eGFR), and urine albumin-to-creatinine ratio (UACR), among others. These biomarkers help healthcare professionals assess kidney function, identify the presence of proteinuria (a marker of kidney damage), and monitor disease progression.

Competitive Landscape

Key market players within the renal biomarker market are concentrating on new product launches and approvals, investments in research and development, partnerships, acquisitions, and collaborations to gain a competitive edge in the market.

Key instances of development within the market include:

• SphingoTec GmbH reported the publication of unique study findings including their patented pencil kidney function biomarker in BMC Emergency Medicine in December 2019.
• In order to include novel kidney disease biomarkers found by the center’s researchers in Renalytix AI’s KidneyIntelX platform, the business expanded its collaboration with the Joslin Diabetes Center in April 2021.

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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

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

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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