The Urinalysis Market is a sector of the medical diagnostics industry that deals with the analysis of urine samples to assess a person's overall health and detect various medical conditions. Urinalysis is an essential diagnostic tool used for the early detection of kidney diseases, urinary tract infections, and other systemic disorders. The market's growth is fueled by factors such as the increasing prevalence of kidney disorders, the growing awareness of preventive healthcare, and technological advancements in urinalysis equipment.
According to the new market research report "Urinalysis Market by Product (Dipsticks, Pregnancy & Fertility Kits, Reagents, Disposables, Automated, Semi-automated, POC Analyzers), Application (UTI, Diabetes, Kidney Diseases), End User (Hospitals, Labs, Home Care) & Test Type - Global Forecast to 2027"
The global urinalysis market in terms of revenue was estimated to be worth $3.9 billion in 2022 and is poised to reach $5.7 billion by 2027, growing at a CAGR of 8.1% from 2022 to 2027.
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Driver: Increasing burden of UTIs, diabetes and liver & kidney diseases
There is a widespread application of urinalysis in the diagnosis and management of diseases like kidney and liver diseases. Urinalysis enables clinicians to assess the level of chemical compounds in the urine. These factors will drive the market growth.
Opportunity: Emerging market
the high disease prevalence, large patient population, improving healthcare infrastructure, increasing disposable income, and growing medical tourism in emerging countries play an essential role in upgrading laboratory infrastructure.
Restraint: Availability of refurbished urine analyzers
In developing countries, which are price-sensitive, prefer instruments that are cheap and offer similar functionalities. In the absence of well-grounded regulatory frameworks, there may be an influx of low-quality and refurbished products into the economy. These devilow cost analyzers will hamper the market growth.
Market key Players
Prominent players in urinalysis market are Siemens Healthineers AG (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Cardinal Health, Inc. (US), Abbott Laboratories (US), Danaher Corporation (US), Sysmex Corporation (Japan), Quidel Corporation (US), Becton, Dickinson and Company (US), Bio-Rad Laboratories, Inc. (US), EKF Diagnostics (UK), Thermo Fisher Scientific Inc. (US), ARKRAY, Inc. (Japan), ACON Laboratories, Inc. (US), 77 Elektronika Kft. (Hungary), URIT Medical Electronic Group Co., Ltd. (China), Dirui Industrial Co., Ltd. (China), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), BIOBASE Group (China), ERBA Mannheim (UK), Alphatech Scientitfic (Peru), Teco Diagnostics (US), Analyticon Technologies AG (Germany), Bioway Biological Technology Co. Ltd. (China), High Technology Inc. (US) and Agappe Diagnostics Ltd. (India)
Report Objectives
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