The Urinalysis Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Urinalysis Market. It provides a comprehensive evaluation of the global Urinalysis Market from various perspectives to deliver a detailed, informative, and precise analysis of regional growth, competition, and market segmentation, among other factors. Moreover, it also gives an accurate account of the significant breakthroughs and developments that influence the global Urinalysis Market. It also focuses on both the global as well as the regional expansion of the Urinalysis industry to give an overall analysis.
The global urinalysis market size is expected to reach USD 6.49 Billion at a steady revenue CAGR of 7.2% in 2030, according to latest analysis by Emergen Research. Rising prevalence of UTI, diabetes, and kidney diseases such as Chronic Kidney Disease (CKD), polycystic kidney disease , and acute kidney failure, rapid advancements in technology in urinalysis methods for early diagnosis, and growing adoption of automated urinalysis in various hospitals, clinics, and other healthcare centers are major factors driving market revenue growth. In addition, innovative technological advancements in urine analysis instrumentation, new biomarkers, and a reinvigorated comprehension of strategic value of urinalysis in medical science have focused on urine analysis for early detection and treatment of kidney disease, pregnancy as well as other co-morbidities, such as gestational diabetes, are also expected to drive market revenue growth.
Availability of refurbished urine analyzers is a major factor restraining market revenue growth. These products provide same functionality as a new equipment but at a lower cost. Several small and medium-sized laboratories rely on low-cost refurbished systems and it is also probable that urine samples will be difficult to preserve and transport to testing facilities. Targets of interest may potentially deteriorate during the transfer of samples including test strips. Furthermore, sample contamination can occur as a result of poor collection practices when samples are gathered to allow for expression of results based on a certain time interval and urine volume. As a result, aforementioned factors are restraining market revenue growth.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Key Points of Urinalysis Market:
- On 10 July 2021, Bisu, Inc., a Tokyo-based digital health startup that helps users to improve their fitness and wellness through at-home lab-grade testing, raised USD 3.2 million in seed funding led by Korean biotech investor QUAD, with participation from ASICS Ventures Corporation, 15th Rock Ventures, Pacifico Investments, and SOSV. Bisu Body Coach, a portable home health lab that gives personalized nutritional and lifestyle advice via easy, accurate urine and saliva testing, will be available for purchase. Bisu is also committed to work with ASICS Corporation on health and fitness service projects.
- The pregnancy and fertility segment is expected to register a high revenue growth rate during the forecast period owing to rising prevalence of infertility, as well as increasing age of first pregnancy. For example, infertility is a global health issue that affects millions of individuals of reproductive age. According to estimates, infertility affects 48 million couples and 186 million individuals globally.
- The home care settings segment is expected to register a high revenue growth rate during the forecast period. A home-use urinalysis strip allows users to monitor their health from comfort of their own homes rather than seeing a medical expert for a urine test every time they suspect an issue, which may be costly and time-consuming.
Some major companies in the global market report include Siemens Healthcare GmbH, F. Hoffmann-La Roche Ltd, Cardinal Health, Abbott, Danaher, Sysmex Corporation, Thermo Fisher Scientific Inc., Quidel Corporation, Becton, Dickson and Company (BD), and Bio-Rad Laboratories, Inc.
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The report studies the historical data of the Urinalysis Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented the global urinalysis market based on products, test type, application, end-use, and region:
· Products Outlook (Revenue, USD Billion; 2019–2030)
- Consumables
- Pregnancy and Fertility Kits
- Dipsticks
- Disposables
- Reagents
- Instruments
- Automated Urine Analyzers
- Biochemical Urine Analyzers
- Sediment Urine Analyzers
- Microscopy Analyzers
- Flow Cytometry Analyzers
- Integrated Urine Analyzers
- Biochemical Urine Analyzers
- Semi-automated Urine Analyzers
- Point-of-Care Urine Analyzers
- Automated Urine Analyzers
· Test-Type Outlook (Revenue, USD Billion; 2019–2030)
- Pregnancy & Fertility Tests
- Biochemical Urinalysis
- Laboratory Tests
- POC Tests
- Sediment Urinalysis
· Application Outlook (Revenue, USD Billion; 2019–2030)
- Disease Screening
- Urinary Tract Infections
- Kidney Diseases
- Diabetes
- Liver Diseases
- Others
- Pregnancy and Fertility
· End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Diagnostic Laboratories
- Hospitals and Clinics
- Home Care Settings
- Research Laboratories and Institutes
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Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Urinalysis Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Table of Contents
- Executive Summary
- Research Methodology
- Market Overview
- Regional Landscape
- Global Market Analysis and Forecast by Types
- Global Market Analysis and Forecast by Applications
- Global Market Analysis and Forecast by Regions
- North America Market Analysis and Forecast
- Europe Market Analysis and Forecast
- Asia Pacific Market Analysis and Forecast
- Latin America Market Analysis and Forecast
- Middle East & Africa Market Analysis and Forecast
- Competitive Landscape
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