Blood Urea Nitrogen Diagnostics Market Size

Blood Urea Nitrogen Diagnostics Market size was valued at USD 1.92 billion in 2023 and is anticipated to reach USD 4 billion by 2036, expanding at around 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of blood urea nitrogen diagnostics is assessed at USD 2.01 billion. The growth of the market can be attributed to an increased number of patients with kidney diseases. The blood urea nitrogen diagnostics are extensively used to determine the functioning of blood by measuring urea in the blood. As per the statistics given by the International Society of Nephrology, more than 850 million people worldwide have kidney ailments. On account of this, the global market is anticipated to grow during the forecast period. Furthermore, rising government initiatives are also projected to augment the market growth. The International Society of Nephrology and the International Federation of Kidney Foundation promulgate World Kidney Day every 2^nd Thursday in march. The global campaign is celebrated to raise awareness for the importance of kidneys’ overall health. People are becoming aware of kidney tests and are getting regular checkups, which is projected to boost the global blood urea nitrogen diagnostics market growth. Additionally, the soaring health expenditure is anticipated to fuel the market growth. The data released by the World Bank in 2019 states that 9.84% of the total world GDP is the current health expenditure. The growing geriatric population is also one of the prominent reasons which are expected to foster the global market growth during the forecast period.