USD 3.55 billion
Report ID:
SQMIG35A2632 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
62
|Figures:
75
Urinalysis Market size was valued at USD 3.9 billion in 2022 and is poised to grow from USD 4.28 billion in 2023 to USD 8.97 billion by 2031, growing at a CAGR of 9.70% during the forecast period (2024-2031)
As the name suggests, urinalysis is a lab-based test that studies patients’ urine samples to examine and diagnose different health conditions. The global urinalysis market is projected to witness considerable growth backed by growing incidences of chronic illnesses, major technological improvements, and increased inclination towards preventive care. The market is also propelled by the growing cases of kidney diseases, diabetes, and urinary infections that demand regular and reliable urinalysis. Nonetheless, the market is negatively impacted by cultural beliefs and the significant cost of improved technologies. Yet, the market is projected to grow considerably owing to opportunities like improvements in home-based testing kits and modernizations in technology like integration of data analytics and AI.
US Urinalysis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.55 billion
Largest Segment
Instruments
Fastest Growth
Instruments
Growth Rate
4.6% CAGR
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Global Urinalysis Market is segmented by Product, Test Type, Application, End User, and region. Based on Product, the market is segmented into Consumables, and Instruments. Based on Test Type, the market is segmented into Pregnancy & Fertility Tests, Biochemical Tests, and Sediment Urinalysis. Based on Application, the market is segmented into Disease Screening, and Pregnancy & Fertility Testing. Based on End User, the market is segmented into Diagnostic Laboratories, Hospitals & Clinics, Home Care Settings, and Research Laboratories & Institutes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Urinalysis Market Analysis By Type
The global Urinalysis market can be segmented based on product types, including Instruments and Consumables. The dominating segment in the market is instruments. Urinalysis instruments include automated analyzers, microscopy systems, and point-of-care testing devices. These instruments are essential for conducting urine tests and analyzing various parameters such as pH levels, specific gravity, protein levels, glucose levels, and presence of cells or bacteria. The dominance of the instruments segment can be attributed to the increasing adoption of automated and point-of-care urinalysis systems, which offer faster, and more accurate results compared to manual testing methods. The demand for advanced instruments is driven by the need for efficient and reliable diagnostic solutions in healthcare facilities, including hospitals, clinics, and diagnostic laboratories.
The fastest growing segment in the market is consumables. Consumables in urinalysis include test strips, reagents, and disposables used for sample collection and analysis. The consumables segment is experiencing rapid growth due to the increasing volume of urine tests performed globally and the need for regular testing for chronic disease management and preventive healthcare. The rising prevalence of urinary tract infections, kidney diseases, and diabetes is contributing to the growing demand for consumables in urinalysis. Additionally, the increasing availability of at-home urinalysis test kits, which require consumables for testing, is further boosting the growth of this segment.
Urinalysis Market Analysis By End-User
The global Urinalysis market can also be segmented based on the type of end-user, including Hospitals, Clinical Laboratories, Home Care, and Research And Academics. The dominant segment in the global Urinalysiss market is hospitals. Hospitals serve as major healthcare facilities where a significant number of urinalysis tests are conducted. They have well-established laboratories equipped with advanced urinalysis systems and skilled healthcare professionals. The high patient footfall in hospitals, coupled with the need for accurate and timely diagnostic results, contributes to the dominance of hospitals as the primary end-user segment in the global urinalysis market.
The fastest growing segment in the global urinalysis market, based on end-users, is home care. The demand for at-home urinalysis test kits has been rapidly increasing as individuals seek the convenience of monitoring their health from the comfort of their homes. Home care allows for regular health monitoring, especially for chronic conditions and preventive healthcare. The availability of user-friendly and technologically advanced urinalysis test kits supports the growth of the home care segment in the global urinalysis market.
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Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the presence of advanced healthcare infrastructure and growing cases of chronic illnesses. North America holds well-developed healthcare systems with quality laboratory services and improved diagnostic tools and technologies. Regional growth is also impacted by the growing prevalence of chronic ailments like kidney disorders, diabetes, and urinary infections that demand urinalysis on a large scale. Moreover, a notable emphasis on preventive health measures and routine screenings fuels the need for urinalysis. The key players profiled in the region include Thermo Fisher Scientific, Abbott Laboratories, Siemens Healthineers, Roche Diagnostics, Becton, Dickinson and Company, Sysmex Corporation, and more.
Asia-Pacific is the fastest-growing region in the global urinalysis market due to speedy economic growth and rising health awareness among a large population. Growing healthcare investments in several developing countries is driving investments in infrastructure and better diagnostic technologies. Growing cases of obesity, diabetes, and other ailments are also boosting the demand for urinalysis. Furthermore, growing public awareness of health issues is motivating more people to opt for improved diagnostic examinations like urinalysis. Growing adoption of improved technologies in the region is also fueling the market growth.
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Urinalysis Market Drivers
Mounting Patient Pool of Chronic Diseases
Growing Health Expenditure
Restraints
Availability of Alternative Testing Methods
Technical Limitations to Restrain Market Growth
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The global urinalysis market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment.
Urinalysis Market Top Player’s Company Profiles
Urinalysis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the urinalysis market is considerably progressing due to the expansion of product offerings, the growing elderly population, and increased healthcare expenditure. However, the market is hampered by regulatory challenges and potential for data privacy issues. North America is anticipated to lead the market owing to supportive regulatory frameworks, strong R&D, and the presence of developed healthcare infrastructure. Nonetheless, a few opportunities for the growth of the urinalysis market include growing research and development, increasing number of sustainability practices, and awareness campaigns.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.9 billion |
Market size value in 2031 | USD 8.97 billion |
Growth Rate | 9.70% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Urinalysis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Urinalysis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Urinalysis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Urinalysis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2632
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