Global Urinalysis Test Market:
Information by Product Type (Consumables and Instruments), By Test Type
(Sediment Analysis and Biochemical Analysis), By Application (Disease Diagnosis
and Pregnancy & Fertility), By End User (Hospitals and Clinics, Diagnostic
Laboratories and Home Care Settings) and by Region (Americas, Europe,
Asia-Pacific and the Middle East & Africa) - Forecast till 2025
Urinalysis Test Market – Overview
Urinalysis is defined as a urine test to
detect and manage disorders such as urinary tract infections (UTIs). Market
Research Future (MRFR) has published a report about the global Urinalysis
Test Market that expects an extension for this market at 6.3% CAGR
(Compound Annual Growth Rate) between 2016 and 2023. Regarding value, the
market is expected to be worth the US $ 698.5 mn by the end of the forecast
period.
The vital factors aiding the global
urinalysis test market growth are developing technology in the field of
diagnostics, increasing demand for point of care testing devices, and the
rising prevalence of chronic ailments. Some other factors leading to market growth
are cost-effectiveness of the test and growing demand for automated urine
analyzers. However, the market growth can be hurt by the lack of trained
professionals and stringent regulations governing the manufacturing as well as
the sales of chemistry analyzers.
Key Players:
The key players in the global urinalysis
test market include ACON Laboratories Inc. (USA), ARKRAY, Inc. (Japan), Bio-Rad
Laboratories Inc. (USA), Dahaner (USA), F. Hoffmann-La Roche Ltd (Switzerland),
Siemens AG (USA), and Sysmex Corporation (Japan).
Latest Industry News:
• London-based
digital health company TestCard has raised $1.7 mn (£1.25 mn) in seed funding
from Neo Ventures; a small Bulgarian investment firm focused on accelerating
European startups. they are going to use these funds to enter the
smartphone-enabled home urinalysis market. 25 SEP 2018
• Siemens
Healthineers has partnered with Israeli startup Healthy.io in order to allow
patients to test their urine at home by using a smartphone camera that scans a
dipstick and sends the results to their doctor. 24 OCT 2018
Urinalysis Test Market Segmentation:
The global urinalysis test market has been
segmented on the basis of application, end user, product type, test type, and
lastly region. The application-based segmentation segments this market into
disease diagnosis, pregnancy tests, and others. Disease diagnosis has been
sub-segmented into diabetes, kidney disease, and liver disease. Pregnancy tests
segment held the largest market share in 2016. Based on the end user, the market
has been segmented hospitals, independent laboratories, and physician
practices.
Based on product type, the market has been
segmented into the instruments and the consumables. The instruments are urine
chemistry analyzer that has been sub-segmented into automatic urine analyzers,
semi-automatic urine analyzers, automated urine sediment analyzers,
point-of-care devices, and strip analyzer. The consumables have been
sub-segmented into chemical agents, plastic consumables, and test strips. The
consumables hold the larger market share.
By test type, the market has been segmented
into biochemical urinalysis, macroscopic urinalysis, and sediments/microscopic
urinalysis. During the forecast period, sediments/microscopic urinalysis is
expected to rise as the fastest growing segment, at a CAGR of 7.13%.
Regional Analysis:
The regional segmentation of the global
urinalysis test market segments the market into regional markets known as The
Americas (North America & South America), Europe, Asia Pacific, and the
Middle East & Africa (MEA). The Americas is the leading regional market
because North America alone holds the potential anyway to be the biggest
regional market. In the Americas (primarily in North America), the market is
huge due to the rising demand for automated urine analyzers, the rising
prevalence of kidney as well as liver ailments, and technological advancement.
In North America, the USA holds the largest market share due to the high
purchasing power of people and the presence of the major market players
manufacturing urine analyzers and consumables. Another important
country-specific market in this region is Canada. South America is a smaller
market compared to North America as the purchasing power of people is low.
However, Argentina and Brazil are two strong economies in this region that can
emerge as big markets in the near future. By the end of forecast period, The
Americas as a regional market has been expected to be worth the US $ 594.21 mn.
Europe is the second largest regional
market for urinalysis tests. During the forecast period, this region is
expected to grow continuously at the steady growth rate due to increased
prevalence of chronic ailments, availability of cost-effective treatments, and
growth in the government funding for research and development (R&D)
activities. Due to reasons similar to the Americas, Western Europe is a bigger
market than Eastern Europe. The most important country-specific markets in this
region are France, Germany, Italy, Spain, and the UK, followed by the remaining
countries of Western Europe and then Eastern Europe.
During the forecast period, the Asia
Pacific region is expected to emerge as the fastest growing market, mainly due
to changing lifestyle, increasing the prevalence of chronic ailments, and
rising demand for urine analyzers by the healthcare providers. Other reasons
contributing to the market growth are diabetes being a major the health problem
in this region and high geriatric population. Significant country-specific
markets in this region are Australia, China, India, Japan, and South Korea,
followed by the remaining countries of the Asia Pacific region.
The MEA region also shows a steady rise in
the market owing to the rising demand for diagnostic solutions and point of
care testing devices. The key country-specific markets in this region are
Kuwait, Oman, Qatar, Saudi Arabia, and UAE, followed by the remaining countries
of the MEA region.
Get More Report for Life Science at https://www.marketresearchfuture.com/categories/life-sciences-market-report
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