The market for urinalysis was estimated to be worth USD 3,550.2 million in 2021, and it is predicted that between 2023 and 2032, it will increase at a CAGR of 4.6%. The market for urine tests is growing as a result of factors like the rising incidence of conditions like diabetes, renal disease, and urinary tract infections (UTIs). The growing use of sophisticated and automatic The National Diabetes Data Report, 2020 estimates that roughly 34.2 million Americans aged 18 and over have diabetes. About one-third of diabetics also have kidney-related comorbidities because of elevated blood sugar and blood pressure. Urinalysis is a non-invasive educational tool that doctors can use to diagnose kidney illness. Hence, the rising prevalence of kidney diseases is anticipated to increase demand for products that are used in urinalysis, thereby, driving the market growth.
A urinalysis, a test that analyses a sample of urine, can help diagnose conditions like diabetes, renal disease, and urinary tract infections. Its primary objective is to monitor medical issues. The urinalysis is carried out as part of a routine physical examination, as a precaution before operation, during pregnancy, or whenever a patient is admitted to the hospital to treat a variety of disorders. It’s also beneficial to identify the cause of symptoms like back pain, abdominal pain, and painful urination.
The adoption of PPACA, the rise in geriatric population, and the rising prevalence of kidney diseases are all contributing to the growth of the worldwide urinalysis market. The market’s expansion is hampered by the U.S. government’s implementation of an excise tax and stringent regulatory standards. Integrated systems, urinalysis on smartphones, and technological development all offer opportunities in the sector.
The Urinalysis market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Urinalysis market. On the basis of historic growth analysis and current scenario of Urinalysis market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Urinalysis market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Urinalysis market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Urinalysis market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Urinalysis Market: Major Players
URIT Medical Electronic Co.，Ltd.
Siemens
Dahaner
ACON Laboratories
ARKRAY
Roche Holding AG
Bio-Rad Laboratories
Sysmex
Alere
MACHEREY-NAGEL
Mindray Medical International Limited
Global Urinalysis Market: Types
Urine Chemistry
Urine Sediment
Global Urinalysis Market: Applications
Consumable
Instrument
Global Urinalysis Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Urinalysis market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Product Insights
In 2021, the consumables market share was 88.0%, which was the greatest. This dominance can be attributed to the clinical and hospital labs’ rising needs and regular purchases of reagents and dipsticks. High-quality consumables for urinalysis testing are offered by numerous top suppliers, including Siemens Healthcare GmBH, Abbott, and Roche. This is anticipated to support the segment’s development. For instance, Multistix 10 SG Reagent Strips are provided by Siemens Healthcare GmBH for the detection of kidney, diabetes, and UTI.
Market expansion is anticipated to be fueled by an increase in approvals and the introduction of novel urinalysis instruments. To track the precision urinalysis test process in clinical labs, for instance, Bio-Rad Laboratories, Inc. introduced the qUAntify Advanced Control instrument in January 2022. The efficacy of the laboratory’s statistical process control and future product demand were both improved by this instrument.
Application Insights
Due to the increasing prevalence of UTIs globally, the urinary tract infection sector dominated the market and represented a revenue share of 25.55% in 2021. Approximately 28.7 million individuals have a diagnosis, while 8.5 million remain undiagnosed. Therefore, the growing number of diabetic patients drives the industry.
A CAGR of 4.6% is anticipated for the pregnancy and fertility kits market during the forecast timeframe. The market for pregnancy and fertility kits is anticipated to be driven by the rising first pregnancy age and rising incidence of infertility.
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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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