"Designing Growth Strategies is in our DNA"
Urinalysis is a convenient and effective method of analysing the urine samples to detect various infections and chronic diseases such as diabetes, urinary tract infection, kidney disease, etc. The test consists of several visual, microscopic, and chemical examinations that identify cells, protein, levels of creatinine, and substances such as crystals in the urine which help in the detection of various diseases. It also helps to identify the cause of symptoms such as back pain, abdominal pain, and painful urination. The rising prevalence of chronic diseases such as diabetes, urinary tract infection, kidney disease is expected to drive the growth of the market. Furthermore, rising geriatric population, increasing initiatives undertaken by the government for growing awareness among the population, and advancements in technology innovations of urinalysis are anticipated to boost the urinalysis market growth during the forecast period. For instance, in July 2018, Beckman Coulter, Inc. and ARKRAY, Inc. merged and launched iQ Urinalysis Workcell and integrated automated urine analyzer.
An increase in the prevalence of chronic diseases such as diabetes, urinary tract infections, kidney disease; advancements in technology innovations of urinalysis; and rising geriatric population are some of the factors that are expected to drive the growth of the market. According to The National Center for Biotechnology Information, globally, about 6 million people are diagnosed with urinary tract infections every year.
Key Market Driver -
Increasing prevalence of chronic diseases, advancements in technology innovations of urinalysis
Key Market Restraint -
Inadequate healthcare access in developing countries, high costs associated with urinalysis
Also, initiatives taken by the government and private organizations for increasing awareness about the urinalysis is expected to further drive the growth in the global urinalysis market.
However, the high cost of the urinalysis tests and inadequate healthcare access in developing countries are the major factors that can inhibit the growth in the global urinalysis market.
Some of the major companies that are present in the urinalysis market are F. Hoffmann-La Roche Ltd, Beckman Coulter, Inc., Sysmex Corporation, ARKRAY, Inc., ACON Laboratories, Inc., Bio-Rad Laboratories, Inc., Urit Medical Electronics Co., Ltd., and other prominent players.
In terms of product type, the urinalysis market can be segmented into instruments and consumables. The instruments segment can be further categorized into chemistry analyser, microscopy/sediment analyser, integrated chemistry and sediment analyser, and others. The consumables segment can be further sub-segmented into plastic consumables, reagent and strip, and chemical agents. By application, the market can be segmented into pregnancy and fertility; and disease screening. By end users, the market can be divided into hospital, specialty clinics, ambulatory surgery centres, diagnostic centers, and others.
Geographically, the urinalysis market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The global urinalysis market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest market share of urinalysis market during the forecast period due to the factors such as the increasing prevalence of chronic diseases, increased research activities in the field of urinalysis, and growing awareness among the population about urinalysis. According to the National Diabetes Statics Report 2017, about 30.3 million Americans (nearly 1 in 10) suffer from diabetes. Europe, on the other hand, is projected to have the second-largest share in the urinalysis market due to the rising prevalence of urinary tract infections and increasing government initiatives for raising awareness about the urinalysis among the population.
To gain extensive insights into the market, Request for Customization
The Asia Pacific and Latin America are anticipated to have a comparatively fast market growth in the upcoming years. Increasing adoption of advanced urine analyzers and a rising geriatric population which is more prone to chronic diseases are some of the factors that are expected to drive the market growth. The market in the Middle East and Africa is projected to have substantial growth by the end of the forecast period.
By Product Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry