Urinalysis Market
Overview:
Urinalysis is performed as routine medical check-up, pre-surgery preparation, pregnancy check-up or on hospital admission for treating different disorders. Urine test measures elements found in it such as hormones, electrolytes, or waste products of metabolism. It can be used for screening or diagnosing conditions such as urinary tract infections, kidney disorders, diabetes, liver problems, or other metabolic conditions.
The global urinalysis market was valued at US$ 1,183.7 Mn in 2019 and is forecast to reach a value of US$ 1,779.9 Mn by 2027 at a CAGR of 5.2% between 2020 and 2027.
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Drivers:
Rising cases of kidney diseases is expected to boost growth of the global urinalysis market during the forecast period. For instance, in 2018, as reported by European Renal Association, kidney disease affects around 850 million people globally.
Furthermore, growing old age population is projected to drive urinalysis demand increasing the global market growth of urinalysis. For instance, in 2015, as per the World Health Organization, geriatric population is expected to increase from 900 million in 2015 to 2 billion by 2050.
Rising occurrence of diabetes is expected to boost growth of the global urinalysis market. For instance, in September 2019, a study published in the journal Diabetes Research and Clinical Practice reported that diabetes is expected to affect 463 million people worldwide in 2019 and the number is likely to increase to 578 million by 2030 and 700 million by 2045.
Introduction of smartphone-based urinalysis is also expected to fuel growth of the global urinalysis market. For instance, in July 2019, Healthy.io made an agreement with Walgreens Boots Alliance, Inc. to place Healthy.io’s Dip UTI test kits in Boots pharmacies across U.K.
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Restraints:
Factors such as high cost of advanced analyzers and high amount required for the setup of modern laboratories are expected to restrict growth of the global urinalysis market. For instance, the cost of AUTION MAX AX-4060 developed by ARKRAY, Inc.’s is around US$ 72,000.
Opportunities:
Advancement of semi-automated urinalysis is expected to create lucrative environment of growth opportunities for market players in the global market of urinalysis. For instance, in September 2019, according to scientists from University of Arkansas, U.S. acridine orange can be a feasible solution for point-of care urinalysis.
Key players:
Key players functioning in the global urinalysis market are, Bio-Rad Laboratories, Inc., Mindray, Arkray, Inc., Beckman Coulter, e Alere, Roche Diagnostics, Healthy.io, Sysmex America, Inc., and Siemens Healthcare.
Key Developments:
Key players in the market are focusing on providing solutions that deal with compliance and privacy security concerns. For instance, in august 2020, Sysmex America, Inc. announced the launch of Caresphere Workflow Solution, a clinical software application designed for addressing data compliance and privacy security concerns.
Key players in the market are also adopting strategies such as Mergers and Acquisitions to increase their product portfolio. For instance, in June 2020, Healthy.io completed acquisition of Inui Health, which is a home-diagnostic company for US$ 9 million cash deal.
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Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Test Type
- Market Snippet, By Test Setting
- Market Snippet, By End User
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Regulatory Scenario
- PEST Analysis
- COVID-19 Impact Analysis
- Market Dynamics
- Global Urinalysis Market, By Product Type, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Consumables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Introduction
- Global Urinalysis Market, By Test Type, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Macroscopic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Chemistry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Microscopic/Sediment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Urinalysis Market, By Test Setting, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Point-of-Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Laboratory-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Urinalysis Market, By End User, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Independent Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Physician Practices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others (Industrial, Institutions, Home Testing, Nursing Facility, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
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