Global Kidney Biopsy Market- Overview
The global market for Kidney biopsy or renal biopsy is growing pervasively over last decade. Factors such as increasing prevalence for kidney diseases & transplants are fuelling the market growth to an extent. Also the risk factors of kidney diseases & disorders like chronic high blood pressure & diabetes that are creating the demand for the better diagnostic and treatment methods by increasing the prevalence of kidney diseases and in turn, speeding up the market growth.
Accrediting the kind of growth the market is witnessing and the growth prospect the market is demonstrating, Market Research Future (MRFR), has recently published a brilliant study report. According to MRFR, the Global Kidney Biopsy market is expected to perceive exponential growth, registering ~ 5.2% CAGR during the forecasted period (2017 -2023).
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Other factors propelling the market growth include the changing lifestyle owing to the growing urbanization & industrialization coupled with the growing economic conditions that enable access to the quality life & to the improved healthcare worldwide. Advancements in surgeries, fuel the market growth. In addition, factors such as increasing number of biopsy procedures and rising demand for new techniques for diagnosis of chronic diseases provide major impetus to the market growth.
On the other hand, factors such as prohibitive costs associated with Kidney biopsy and the differential awareness and availability between developing and the developed world are posing challenges to the market growth. Nevertheless, new products and services offered to the developing countries and emerging economies by the well-established market players in the developed countries are filling up this gap. This will resultantly foster the market growth.
Global Kidney Biopsy Market- Competitive Analysis
The global Kidney Biopsy market is a fragmented market with a large number of players. Product development strategy has been curtailed by the excellent efficiency and efficacy of drugs. However, the rise of drug resistance has opened doors for new drug development and is an opportunity for a new market leader. The rise of spurious and counterfeit medicines have reduced the total market revenues and at the same time displaced standard drugs off the market.
April 03, 2018 – Researchers at the Boston University School of Medicine published their study for a further advancement of medical artificial intelligence technology. The technology is designed to help medical staff to assess kidney disease. The scientist group applied machine learning frameworks & convolution neural networks to the object recognition tasks in the medical setting.
Global Kidney Biopsy Market- Segments
For the convenience of the report and enhanced understanding; the report – Kidney Biopsy Market is segmented in to 4 key dynamics
By Types : Comprises Percutaneous and Surgical Biopsy.
By Indications : Hematuria, Kidney Failure, Proteinuria, and Kidney Transplant.
By End Users : Hospitals & Clinics, Tertiary Care Centers, & Urology Centers among others.
By Regions : North America, Europe, APAC and Rest of the World.
Global Kidney Biopsy Market- Regional Analysis
Globally, North America is the largest market for the Kidney Biopsies. Factors such as extensive uptake of technologically advanced medical devices, high expenditures for health care coupled with the governmental support for R&D activities drive the regional growth of the market. Moreover, increasing prevalence of kidney diseases, diabetes, and renal failures are providing impetus to the market growth.
While Europe region stands as the second-largest market for Kidney Biopsies. This growth attributes to the increasing emphasis on the development of advent urology diagnostic devices, rising government support for research & development coupled with the availability of funds. Besides, rising number of specialty services offered by various healthcare providers drive the regional market growth.
However the developing regions market particularly Asia Pacific will be the fastest growing market for Kidney Biopsies. Factors such as the ever-increasing prevalence of diabetes, and rising number of kidney transplant procedures in urology centers, rapidly developing healthcare technology sector and high healthcare expenditure drive the regional market growth. Furthermore, increasing demand for quality devices in the healthcare is expected to lead the use of advanced equipment, which, in turn, is expected to foster the market growth in APAC region.
- Research and Development (R&D) Companies
- Ambulatory Care Centers
- Academic Institutes and Universities
- Biotechnology Companies
- Medical Device Manufacturers
- Medical Device Suppliers
- Market Research and Consulting Service Providers
- Potential Investors
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