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Global Urinalysis Market To Be Driven By Growing Geriatric Population In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Urinalysis Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global urinalysis market, assessing the market based on its segments like products, applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): Approximately USD 1.9 billion
  • Forecast CAGR (2022-2027): 8%

The growing elderly population in developed and developing countries is driving the global market for urinalysis. The deskbound lifestyle among working individuals causes a health crisis among the public in many locations, driving the need for enhanced diagnostics, particularly urinalysis. As a result, increased public awareness of the importance of frequent health screenings is a major driver of market growth. The increased prevalence of chronic diseases and the adoption of point-of-care diagnostics are driving market expansion. Meanwhile, the quality of the healthcare infrastructure and the lack of some items may impede the growth. However, ongoing expansion activities by key players are estimated to tackle any such hurdles in the coming years.

Industry Definition and Major Segments

Urinalysis refers to a type of test performed to analyse urine samples, detect diseases related to kidney, urinary tract infection, and diabetes. The key motive of the test is to monitor health conditions. In addition, it is carried out as regular medical check-ups, pre-surgery preparation, or as a part of dope tests.

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The major products of urinalysis are:

  • Instruments
    • Biochemical Urine Analyser
      • Automated
      • Semi-Automated
    • Automated Urine Sediment Analysers
      • Microscopic
      • Flow-Cytometric
    • Consumables
      • Dipsticks
      • Reagents
      • Disposables

The market can be segregated based on its application segments into:

  • Urinary Tract Infections (UTI)
  • Diabetes
  • Kidney Diseases
  • Hypertension
  • Liver Diseases
  • Others

The end uses for urinalysis are:

  • Hospitals
  • Clinical Laboratories
  • Home Healthcare
  • Research and Academics
  • Others

The regional markets for urinalysis include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Due to the higher frequency of chronic kidney disease and the growing geriatric population, North America is the significant region for urinalysis. Meanwhile, due to a high penetration rate of enhanced urine analysers and the presence of emerging manufacturers, the Asia Pacific region is expected to rise rapidly. The usage of urinalysis for drug tests in organisations and at specific participatory events is becoming increasingly common, which is boosting the demand for the products. Another aspect boosting this sector is the rising prevalence of diabetes. The large volume of procedures linked with these establishments, and different technological advancements in the product, are propelling the market forward.

Key Market Players

The key players in the market are Sysmex Corporation, Abbott Laboratories, ACON Laboratories Inc., Bio-Rad Laboratories Inc., and ARKRAY Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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Company Name: EMR Inc.
Contact Person:- Eliana Grace, Business Consultant
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State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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