Summary
The global Blood Urea Nitrogen Testing Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview:
The kidney plays an important role in the body to remove waste from the body and breaking down protein. Urea nitrogen is one of the waste products extracted from the blood by the kidney. Many diagnostic tests can be performed to check kidney function, but the blood urea nitrogen diagnosis test is one of the most common types of blood tests that can be performed to obtain important information about how well the liver and the kidneys are functioning. The global blood urea nitrogen testing market is divided into six regions, such as North America, South America, Asia Pacific, Europe, Middle East, and Africa.
Drivers:
The increased number of kidney diseases and the growing geriatric population (as chronic kidney disease is more common in people aged 65 years or older) is expected to propel the growth of the global blood urea nitrogen testing market over the forecast period. For instance, in 2017, CKD resulted in 1.2 million deaths and was the 12th leading cause of death worldwide. The growing number of healthcare testing programs and awareness programs are also expected to fuel the market growth. Moreover, the growing research and development activities and the launch of new point-of-care tests are expected to drive the global blood urea nitrogen testing market growth.
Restraint:
Low reimbursement rate for blood urea nitrogen testing procedures is expected to hamper the global blood urea nitrogen testing market growth.
Regional Insights:
Asia Pacific and North America are expected to witness robust growth in the global blood urea nitrogen testing market due to the increasing prevalence of kidney diseases in these regions. According to the Centers for Disease Control and Prevention, around 37 million adults in the United States are likely to have chronic kidney disease and most are undiagnosed.
Competitive Section:
Key players involved in the global blood urea nitrogen testing market are Danaher Corp., F. Hoffmann-La Roche AG, Abbott Laboratories, OPTI Medical Systems, PerkinElmer, Xpress Bio Life Science, Thermo Fisher Scientific, StressMarq Biosciences, and Siemens AG.
In 2018, Siemens received the Food and Drug Administration (FDA) approval for its blood urea nitrogen point-of-care tests.
The Blood Urea Nitrogen Testing Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Blood Urea Nitrogen Testing Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Siemens AG
- StressMarq Biosciences
- Thermo Fisher Scientific
- Xpress Bio Life Science
- PerkinElmer
- OPTI Medical Systems
- Abbott Laboratories
- F. Hoffmann-La Roche AG
- Danaher Corporation
By the Product Type, the market is primarily segmented into:
- Colorimetric Assay Based Tests
- ELISA Based Tests
- Enzymatic Tests
- Other
By Applications, the market is segmented into:
- Hospital laboratory
- Academic research center
- Diagnostic center
- Other
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Blood Urea Nitrogen Testing Market Report:
- To assess the size of the market by value and volume
- Analyze the Blood Urea Nitrogen Testing Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Blood Urea Nitrogen Testing Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Blood Urea Nitrogen Testing Market
The Blood Urea Nitrogen Testing Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Blood Urea Nitrogen Testing Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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