With a CAGR of 7.2%, Urinalysis Market Size Worth USD 6.49 Billion in 2030 | Top Key-Players are Cardinal Health, Abbott, Danaher, Sysmex Corporation, etc
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.
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An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Urinalysis market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Urinalysis. To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.
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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.
Some Key Highlights From the Report
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. On the other hand, environmental and lifestyle factors, such as smoking, excessive alcohol consumption, obesity, and exposure to environmental toxins, have been associated with lower fertility rates in both men and women. As a result, market revenue growth is driven by rising prevalence of infertility and use of urinalysis during pregnancy.
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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. Home urinalysis enhances screening uptake, such as ACR testing for diabetic and hypertensive patients and lowers frequency of GP and clinic visits, alleviating load on NHS’s overworked services. As a result, aforementioned factors are expected to drive revenue growth of this segment.
The North America market is expected to account for largest revenue share during the forecast period. This is attributed primarily to rising prevalence chronic renal disease, hypertension, and diabetes, well-established sophisticated healthcare, and significant healthcare expenditure in this region. For example, chronic kidney disease, affects over one in every seven individuals in the U.S., totaling an estimated 37 million populations. Two most common causes of renal diseases, diabetes and high blood pressure increase risk of CKD significantly. One-third of individuals who have diabetes and one-fifth of those with high blood pressure have kidney disease. According to Center for Disease Control and Prevention (CDC), around 750,000 individuals in the U.S. have End-Stage Kidney Disease (ESKD). As a result of the aforementioned reasons, market revenue growth of this segment is expected to rise.
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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With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Emergen Research study is for everybody needing commercial analyses for the Urinalysis Market, 2022 to 2030, market-leading companies. You will find data, trends and predictions.
The content of each profile differs, depending on the organization. In general, a profile gives the following information:
- Overview of the company’s Urinalysis products & services
- Analysis of recent financial performance–annual revenue of the companies
- Assessment of developments–activities, acquisitions, production capacity, deals, new service offerings and collaborations
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)
- Pregnancy and Fertility Kits
- 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
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- Application Outlook (Revenue, USD Billion; 2019–2030)
- Disease Screening
- Urinary Tract Infections
- Kidney Diseases
- Liver Diseases
- Pregnancy and Fertility
- Disease Screening
- End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Diagnostic Laboratories
- Hospitals and Clinics
- Home Care Settings
- Research Laboratories and Institutes
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
Key Questions Answered by the Report:
- Which region is expected to dominate the market in the coming years?
- What are the recent technological and product advancements occurring in the market?
- What are the key strategies adopted by the prominent players in the Urinalysis market?
- What are the key product types and applications of the Urinalysis industry?
- What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
- How is the competitive landscape of the Urinalysis market?
- Who are the key players in the industry?
- What is the growth rate of the industry over the coming years?
- What will be the valuation of the Urinalysis Market by 2030?
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