Urinalysis Market Dynamic Outlook and Influencing Key Growth

Posted by nileshdbmr on May 21st, 2021

Global urinalysis market is expected to reach USD 8,767.60 million by 2027 from USD 4,994.50 million in 2019 growing with the substantial CAGR of 7.3% in the forecast period of 2020 to 2027.

Urinalysis is a urine sample analysis test that helps detect a broad variety of illnesses including kidney disease, urinary tract infection, and diabetes. Its main objective is to monitor circumstances of health. Urinalysis is performed as regular medical check-up, preparing for pre-surgery, pregnancy check-up, or admission to hospital to treat multiple illnesses. It also helps recognize the symptom causes, including painful urination, abdominal pain, and back pain.

Segmentation: Global Urinalysis Market

•          By Product (Consumables, Instruments)
•          By Test Type (Pregnancy & Fertility Tests, Biochemical Urinalysis, Sediment Urinalysis)
•          By Application (Disease Screening, Pregnancy & Fertility)
•          By End User (Hospitals & Clinics, Diagnostic Laboratories, Home Care Settings, Research Laboratories & Institutes, Others)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

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Key Market Competitors: Global Urinalysis Market

Few of the major market competitors currently working in the global urinalysis market are Abbott, Medtronic, Siemens, GENERAL ELECTRIC, BD, Thermo Fisher Scientific, 77 Elektronika Kft, Bio-Rad Laboratories Inc., Sysmex Corporation, F. Hoffmann-La Roche Ltd, Cardinal Health, Beckman Coulter Inc., ACON Laboratories Inc., ARKRAY Inc ., Penn Medicine Lancaster General Health, GUILIN YOULITE ELECTRONICS GROUP CO. LTD ., BioMaxima SA, Quidel Corporation, Metropolis India, Dr Lal PathLabs and Trinity Biotech among others.

Competitive Analysis: Global Urinalysis Market

Global urinalysis market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of urinalysis market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

•          Increasing incidences of diabetes urinary tract infections and kidney diseases, are driving the market growth
•          Rising aging population, is helping in market growth
•          Regular advancement in technology, drives the market growth
•          Increasing prevalence of sedentary lifestyle, is also the factor helping in market growth

Market Restraints

•          Strict regulations and procedures, hinders the growth of the market
•          Excessive tax implementation by U.S. government, restricts the market growth
•          Lack of adequate healthcare infrastructure in low-income countries, hampers the growth of the market

Reasons to Purchase this Report

•          Current and future of global urinalysis market outlook in the developed and emerging markets
•          The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•          Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•          The latest developments, market shares, and strategies that are employed by the major market players