Argentina Kidney Function Test Market to be Dominated by Dipsticks through 2028
The increase in private hospitals and clinics is expected to drive the
growth of the Argentina kidney function test market during the forecast period.
According to TechSci Research report, “Argentina
Kidney Function Test Market - By Region, Competition, Forecast, and
Opportunities, 2018-2028,” the Argentina kidney function test market is
anticipated to grow at an impressive rate during the forecast period. This
can be ascribed to the rising demand for home-based testing with benefits such
as convenience, cost-effectiveness, improved access, and reduced risk of infection,
along with the growing preference of personalized medicines among people facing
chronic kidney disease issues across the region. Additionally, rapid advances
in science and technology, increasing healthcare expenditure, burgeoning aging
population, and rising interest in attaining wellness will escalate the growth
of the Argentina kidney function test market in coming years. Besides, the emergence
of new facilities such as the development of point of care (POC) testing, advancement
in biomarker testing, and increase in home-based kidney function test will
further support the growth of the Argentina kidney function test market during
the forecast period.
However, the
regulation of kidney function test in Argentina can be complex, and there are
strict regulations on the approval process which can slow down the growth of the
Argentina kidney function test market during the forecast period. Similarly, there
is a shortage of skilled healthcare professionals in Argentina, particularly in
rural areas, which can limit access to diagnostic testing and other healthcare
services, thereby hampering the growth of the Argentina kidney function test
market. Also, Argentina has faced economic challenges in recent years, which
may limit investment in the healthcare sector and impact the affordability of
kidney function testing, which can further restrict the growth of the Argentina
kidney function test market during the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Argentina Kidney Function Test Market”
The Argentina kidney function test market can
be segmented by type, component, end user, and by region.
Based on application, the Argentina kidney
function test market can be segmented into blood test and urine test. Both the blood
test and urine test segments dominated the market in 2022 and are expected to
continue maintaining their dominance during the forecast period. Blood tests
can measure various parameters such as creatinine, blood urea nitrogen (BUN),
and glomerular filtration rate (GFR) to assess kidney function whereas urine
tests can provide information on the presence of protein, red and white blood
cells, and other indicators of kidney damage or dysfunction across the region.
Based on end user, the market can be segmented
into hospitals & clinics, diagnostics laboratories, and others. The hospitals
& clinics segment is expected to dominate the market during the forecast
period as hospitals & clinics are major centers of healthcare provision,
and patients with kidney disease are often referred to hospitals for diagnosis
and treatment.
Major companies operating in the Argentina kidney
function test market are:
- Abbott
Laboratories Argentina S.A.
- Roche Diagnostics
Argentina S.A.
- Siemens
Healthcare Diagnostics S.A.
- Beckman Coulter
Argentina S.A.
- Bio-Rad
Laboratories S.A.
- Sysmex Argentina
S.A.
- Mindray Argentina
S.A.
- Horiba Medical
Argentina S.A.
- F. Hoffmann-La
Roche Ltd.
- Danaher
Corporation/Argentina
In March 2021, Roche, a global healthcare
company, announced the launch of its new Elecsys β-Amyloid (1-42) CSF and
Elecsys Phospho-Tau (181P) CSF immunoassays for the diagnosis of Alzheimer's
disease. While these tests are not specific to kidney function, they are part
of a growing trend in the development of new diagnostic technologies for
chronic diseases that may also impact kidney function.
In September 2021, Siemens Healthineers, a
global medical technology company, announced that it had completed the
acquisition of Varian Medical Systems' medical imaging business, including its
magnetic resonance imaging (MRI) technology, which has the potential to improve
the accuracy of kidney function testing.
In November 2020, DiaSys Diagnostic Systems
GmbH, a global leader in clinical diagnostics, announced that it had signed a
distribution agreement with RAL Group, a prominent distributor of medical
equipment in Argentina, to expand its presence in the country's kidney function
test market.
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“The Argentina kidney function test market is
expected to grow during the forecast period due to the rising demand for home-based
testing with benefits along with the growing preference for personalized medication
across the region. Furthermore, the trend of personalized medication is
growing, particularly among individuals with chronic kidney disease, where
generic treatment is not cost-effective. This will further contribute to the
growth of the Argentina kidney function test market during the forecast period.
Besides, increasing concerns about healthy lifestyles and growing expenditure
on health and wellness are further expected to drive the growth of the
Argentina kidney function test market,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Argentina Kidney Function Test Market - By Type (Urine Test, Blood Test), By Component (Dipsticks,
Reagents, Kits & Assays, and Others), By End User (Hospitals & Clinics,
Diagnostics Laboratories, and Others), and By Region, Competition, Forecast,
and Opportunities, 2028F” has evaluated the future growth potential of the Argentina
kidney function test market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the Argentina kidney
function test market.
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