Research Nester published a report titled “Blood Urea Nitrogen Diagnostics Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global blood urea nitrogen diagnostics market in terms of market segmentation by type, application, by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global blood urea nitrogen diagnostics market is anticipated to garner a notable CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented by application into hospitals, laboratories, clinics, and others. Out of which, the hospital sub-segment is anticipated to hold the maximum share in the global blood urea nitrogen diagnostics market on account of the rising number of patients visiting the hospitals. With the escalating awareness amongst the people regarding health, they are becoming conscious and opting for health check-ups and doctor visits more often.
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The global blood urea nitrogen diagnostics market is projected to grow significantly during the forecast period, on the back of the rising number of patients with chronic kidney ailments. Furthermore, soaring government initiatives are also expected to fuel the global blood urea nitrogen diagnostics market during the forecast period. The International Society of Nephrology and the International Federation of Kidney Foundation promulgate World Kidney Day every 2nd Thursday in march. Along with this, the rising healthcare expenditure is also anticipated to uplift the global blood urea nitrogen diagnostics market growth during the forecast period. The data released by the World Bank stated that 9.84% of the total world GDP was the current health expenditure in 2019.
Regionally, the global blood urea nitrogen diagnostics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is predicted to witness modest growth over the forecast period on the back of the presence of the well-established healthcare infrastructure in the region. Furthermore, the rising cases of kidney diseases are also expected to boost the global blood urea nitrogen diagnostics market during the forecast period. The data published by the Centers for Disease Control and Prevention shows that 37 million adults in the USA are estimated to have chronic kidney diseases.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Soaring Cases of Kidney Ailments to Boost the Market Growth
As per the statistics given by the International Society of Nephrology, more than 850 million people worldwide have kidney ailments.
The blood urea nitrogen diagnostics are extensively used to determine the functioning of blood by measuring urea in the blood. The mushrooming cases of kidney-related diseases and rising health awareness is likely to boost the global blood urea nitrogen diagnostics market during the forecast period.
However, the lack of adequate information amongst the people is expected to operate as key restraint to the growth of the global blood urea nitrogen diagnostics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global blood urea nitrogen diagnostics market which includes company profiling of Siemens Healthcare GmbH, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Beacon Diagnostic Pvt. Ltd., Eagle Biosciences Inc., Express Biotech International, Arkyne Technology S.L, Abbott Healthcare Private Limited, Arbor Assays Inc., and PerkinElmer Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global blood urea nitrogen diagnostics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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