22nd November 2019 – The global urinalysis
market size is expected to value at USD 2.14 billion by 2022. The
market is subject to witness a substantial growth due to the presence of large
base of the target population and increasing demand for urinalysis because of
unmet clinical needs in the under-developed regions across the globe. Factors
responsible for robust market growth of urinalysis industry include
introduction of highly advanced diagnostic tools, increasing unmet clinical
needs, and rising demand for cost-effective solutions.
Urinalysis plays a vital role as a
diagnostic tool for the analysis and management of target diseases such as
urinary tract infection (UTI) disorders, kidney diseases, and diabetes. These
factors are expected to drive market demand for urinalysis in the upcoming
years. Globally, the urinalysis market is predicted to grow at CAGR of 7.5% in
forecast period, providing numerous opportunities for market players to invest
in research and development in the market.
Growing prevalence of the target
diseases such as urinary tract infection (UTI) disorders, kidney diseases, and
diabetes, is considered as one of the prominent factor responsible for market
growth, in the recent years. Moreover, the changing lifestyle and varying food
are expected to fuel demand for urinalysis across the globe in the upcoming
years. However, complete absence of adequate healthcare infrastructure in the
underdeveloped economies worldwide is anticipated to limit market progress to a
certain extent.
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Additionally, lack of availability of
the latest diagnostic tools in the developing economies across the globe is
significantly hampering market growth. Yet, development of advanced and
cost-effective technique to carry out fast and highly precise diagnosis along
with easy to use solutions for catering to the unmet clinical needs in the
developing as well as underdeveloped economies are estimated to drive market
growth in the upcoming years.
The urinalysis market is broadly divided
into two major typed based on product types such as instruments urinalysis and
consumables. The instruments urinalysis industry segment is further categorized
into automated bio-chemical urine analyzer, semi-automated bio-chemical urine
analyzer, urine sediment analyzer, and microscopic urine analyzer. The recent
technological advancements in the instrument market segment coupled with
development of novel products such as urine sediment analyzer, and microscopic
urine analyzer are estimated to drive market growth over the forecast period.
Additionally, introduction of fully
automated urine strip readers and automated urine sediment analyzers like
Uri-Sed mini and Uri-Sed two with the help of ElektronikaKft is considered as
one of the prominent factors driving the growth of instruments market segments
over the forecast period. Increasing adoption of wireless technology for communication
purposes coupled with development of miniaturized PoC urinalysis instruments
are further expected to advance market growth in the upcoming years.
Growing usage of technologically
advanced, fast-acting, non-invasive, and easy to use tools for urinalysis are
projected to stimulate market expansion of urinalysis industry in the near
future. One of the most common applications of the urinalysis is the diagnosis
of urinary tract infection (UTI) due to the increasing occurrence of
hospital-acquired urinary tract infections, especially in females across the
globe. The urinalysis is highly efficient and cost effective diagnosis
methodology for urinary tract infection (UTI), thereby driving demand from both
developed and developing economies across the globe.
The urinalysis market is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in the
implementation of latest technologies in medicine & pharmaceutical sector,
development of the automated urine sediment analyzers like digital flow
morphology and fluorescence flow cytometry, and existence of well-established
infrastructure in the region.
Asia-Pacific region is predicted to hold
major market share in the urinalysis industry with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with increasing penetration rate of advanced urine
analyzers, rising healthcare expenditure and significant investment by leading
industry players considering potential growth opportunities in the region.
The key players in the urinalysis market
are Alere Incorporations, Arkray Incorporations, Bio-Rad Laboratories, Inc.,
Mindray Medical International Ltd., Roche Diagnostics GmbH, Siemens Healthcare
S.A.,Beckman Coulter Inc., and Sysmex Corporations.
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