Global Kidney Biopsy Market-
Overview
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 size
is expected to perceive exponential growth USD 3.31 billion by 2032,
registering ~ 5.20% CAGR during the forecasted period 2023-2032.
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.
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.
The Kidney
Biopsy Market Players are Cook Medical (US), Boston Scientific Corporation
(US), C R Bard, Inc. (US), Hologic Inc. (US), Devicor Medical Products Inc.
(US), Intact Medical Corporation (US), Scion Medical Technologies LLC (US),
Precision Biopsy, LLC (US), Integra LifeSciences Corporation (US), Focal
Therapeutics, Inc. (US), Creganna (US), CareFusion (US), and Argon Medical
Devices, Inc. (US) are some of the prominent players profiled in MRFR Analysis
and are at the forefront of competition in the Global Market of Kidney Biopsy.
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 market insights. 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.
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