Zion Market Research, the market research group announced the analysis report titled “Urinalysis Market: Increasing geriatric population propel the global industry”
Urinalysis is a traditional method of carrying out the analysis process via the urine sample. It helps diagnose a number of health conditions at a quicker pace. Some of the common diseases such as diabetes, kidney disorders, urinary tract infections, liver issues, and other conditions are easily detected, screened, or diagnosed using this technique. Urinalysis helps in the diagnosis of the certain abnormalities at an early stage, which further requires a detailed investigation and various tests. According to the researchers from the University of Southern Denmark, Imperial College London, and Northwestern University, the urinalysis tests helped detect how healthy or non-healthy an individual’s meal is by analyzing the certain substances associated with the dietary pattern present in the urine sample.
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Owing to the increasing geriatric population and the rising number of diseases, there is a huge demand for the urinalysis products. Some of the primary diseases such as diabetes, liver disorders, kidney problems, hypertension, and others affecting the people is the major factor driving the growth of the global urinalysis market. The growing incidences of the target diseases and the increasing demand for the medical care in the emerging or the underdeveloped countries are expected to open new gates in the coming years. However, the low healthcare infrastructure and stringent government laws regarding the utilization of the urinalysis products are anticipated to hinder the global market growth to a great extent.
The segmentation is basically done on the basis of application and product. The product segment is further categorized into instruments and consumables. The application segment is divided into diabetes, hypertension, kidney diseases, liver diseases, urinary tract infection, and so on. The consumables segment is the most popular and dominating one out of the rest.
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Currently, North America is the leading market followed by Europe, which is the second largest growing market. Asia-Pacific and Latin America also show noticeable growth in the coming years. Some of the prominent market players include Teco Diagnostics, Mindray, Roche Diagnostics, ARKRAY Inc., Siemens Healthcare, Sysmex, ACON Laboratories Inc., Alere Inc., Urit Medical., and Bio-Rad, Labomed Inc. As per the current research study, the global urinalysis market accounted USD 1.35 Billion in 2015 and is estimated to make revenue of about USD 1.88 Billion by 2021 with a CAGR of 6.2% between 2016 and 2021.
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