Renal Biomarker

Renal Biomarker

Global Renal Biomarkers Market to Reach $1.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Renal Biomarkers estimated at US$937.6 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027. Functional Biomarkers, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$810.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Up-Regulated Proteins segment is readjusted to a revised 6.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $271.2 Million, While China is Forecast to Grow at 6% CAGR

The Renal Biomarkers market in the U.S. is estimated at US$271.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$254.5 Million by the year 2027 trailing a CAGR of 5.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Other Biomarkers Segment to Record 4.9% CAGR

In the global Other Biomarkers segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$87.3 Million in the year 2020 will reach a projected size of US$122.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 44 Featured) -

• Abbott Molecular, Inc.
• Astute Medical, Inc.
• Beckman Coulter, Inc.
• BioPorto Diagnostics A/S
• Randox Laboratories Ltd.
• Thermo Fisher Scientific, Inc.

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