The global Urinalysismarket 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.
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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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