USD 2.14 billion
Report ID:
SQMIG35I2324 |
Region:
Global |
Published Date: April, 2024
Pages:
220
|Tables:
89
|Figures:
71
Global Urinalysis Test Market size was valued at USD 2.14 billion in 2022, USD 2.24 billion in 2023 and is projected to grow USD 3.09 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
The market for urinalysis tests is made possible by growth and advancements in the medical equipment sector, which produces items for pregnancy testing and urinalysis, such as urine analyzers. Due to the availability of improved healthcare infrastructure, an increase in unmet healthcare needs, the rise in the prevalence of chronic diseases like diabetes, and a surge in demand for urine analyzers, strips, and control solutions, the urine test market is expected to grow at a rapid pace in untapped, emerging markets. As a result, the growing number of diabetics has raised demand for urine tests, driving the market's expansion.
Governments also conduct screening programmes to help discover diseases like renal and urological issues early. For example, the National Institute of Health (NIH) reports that 12,497 schoolchildren from Pingyang, Cangnan, and Yongjia in Wenzhou had urine screening between February 2012 and March 2021. As a result, it is anticipated that an increase in these programmes will fuel the market for urine tests. One of the most prevalent types of illnesses, urinary tract infections can affect both men and women. The need for urinalysis testing is being driven by the rising incidence of urinary tract infections, which are used to identify diabetes, various renal problems, and other conditions.
Global Market Size
USD 2.14 billion
Largest Segment
Pregnancy & Fertility Tests
Fastest Growth
Biochemical Urinalysis
Growth Rate
4.7% CAGR
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The global urinalysis test market is segmented based on application type, end user type, test and regional type. In terms of application, the market is segmented into disease screening, pregnancy and fertility. Based on end user, the market is bifurcated into hospitals & clinics, diagnostic laboratories, home care setting and research laboratories & institute. Based on tests, the market is bifurcated into pregnancy & fertility tests, biochemical urinalysis and sediment urinalysis. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. For the most part, the diagnostic goods' technological developments have given the tests category the highest market share.
Analysis by Test
As per categorization by test, the market is classified into pregnancy & fertility tests, biochemical urinalysis and sediment urinalysis. Among these, pregnancy & fertility tests earned the largest share and continue to dominate the market. The improvement of accuracy, usability, and accessibility has been the main emphasis of innovation in pregnancy and fertility tests within the global urinalysis test industry. Modern technology that makes monitoring and interpreting findings easier, such digital pregnancy tests and fertility tracking applications, are becoming more and more common. These advances enable people to efficiently manage their reproductive health while maintaining privacy and comfort, which drives market growth by catering to a variety of consumer demands and preferences.
Due to its extensive diagnostic capabilities, biochemical and sediment urinalysis are expected to grow at the quickest rates in the global market for urinalysis tests. A biochemical urinalysis can help identify disorders including diabetes, renal disease, and urinary tract infections by providing information about metabolic and systemic health. In the meantime, the detection of kidney diseases, urinary tract infections, and other renal illnesses is made easier by the useful information that sediment urinalysis offers regarding the composition of urine sediment. The need for precise and effective diagnostic instruments is growing due to the increased incidence of chronic illnesses globally, which is fueling the expansion of these market segments for urine tests.
Analysis by End User
Rapid, automated, and multiparametric urinalysis systems, which have revolutionized hospitals, clinics, and diagnostic labs, are the result of innovations in the global urinalysis test market. These developments improve accuracy, expedite productivity, and decrease turnaround times when detecting infections, chronic illnesses, and urinary tract disorders. Remote monitoring and consultation are made possible by integrated diagnostic solutions with cloud-based connectivity, which facilitates smooth data handling and interpretation. In addition, the increasing focus on early disease identification and preventative healthcare encourages healthcare facilities to use urine testing, which expands the market and enhances patient outcomes.
As biochemical and sediment urinalysis are essential for the diagnosis of a variety of systemic diseases and urinary tract problems, they are expected to grow at the quickest rates in the worldwide urinalysis test market. Biochemical urinalysis helps with early illness identification and surveillance of chronic disorders including diabetes and renal disease by offering important insights into metabolic imbalances, kidney function, and hydration status. Comparably, sediment urinalysis permits microscopic analysis of urine sediment, allowing for the detection of structural and cellular anomalies suggestive of infections, kidney disorders, or blockages of the urinary tract. The market is anticipated to develop significantly because of the anticipated increase in demand for these advanced urinalysis techniques brought about by healthcare professionals' increased emphasis on preventative care and comprehensive diagnostic approaches.
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The market for urinalysis tests is dominated by North America due to the rise in chronic kidney and liver illnesses as well as diabetes. During the projected period, the expansion of the urinalysis test market in the area would be further aided by technological advancements. In North America, diabetes is a common chronic illness that is linked to aberrant urine composition. The urinalysis test market is expected to grow significantly in Asia-Pacific because of local enterprises increased technical advancements. The presence of medical equipment businesses in the region and the rise in the purchasing power of populous nations like China and India are responsible for the market's expansion.
Europe, Latin America, and the Middle East and Africa (MEA) regions are seeing notable expansion in the global market for urinalysis tests for several reasons. The European market is expanding due to developments in healthcare infrastructure, growing public awareness of preventative healthcare practices, and rising healthcare costs. The rising incidence of chronic illnesses, better access to healthcare, and rising disposable incomes are driving growth in Latin America. The MEA region's urinalysis test market is expanding quickly due in part to rising healthcare spending, better healthcare infrastructure, and a growing emphasis on early disease identification.
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Drivers
Rising Rates of Diabetes and UTIs
Emerging Markets of Urinalysis Test
Restraints
Shortened Urine Analyzers' accessibility
Regulatory environment for the urinalysis market
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Within the highly competitive global urinalysis test market, several multinational corporations hold a dominant position by providing an extensive array of cutting-edge goods and solutions. Abbott Laboratories, Beckman Coulter, Roche Diagnostics, Siemens Healthineers, and Sysmex Corporation are important participants. To be competitive and fulfil the changing needs of customers and healthcare providers around the globe, these organisations concentrate on R&D, strategic alliances, and geographic expansion.
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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 need for urinalysis testing is fueled by the increased incidence of urinary tract infections (UTIs) in developing nations, which can have serious consequences if left untreated. To fulfil the enormous demand for diagnostic services, which is being driven by factors including illness prevalence, huge patient populations, rising medical tourism, enhanced healthcare infrastructure, and rising disposable incomes, upgrading laboratory infrastructure is imperative in emerging countries. Price sensitivity in developing nations may favor inexpensive urine analyzers, which could result in an influx of reconditioned and inferior products in the absence of strict regulatory frameworks. Meanwhile, tightening regulations, especially regarding software updates and modifications, will make it difficult for the US and European markets to grow.
Multinational companies like Abbott Laboratories, Beckman Coulter, Roche Diagnostics, Siemens Healthineers, and Sysmex Corporation, which focus on research and development, strategic partnerships, and geographic expansion to meet changing customer and healthcare provider demands worldwide, maintain dominance in the highly competitive global urinalysis test market. The increasing prevalence of chronic conditions like diabetes and renal disease is driving the growing demand for urinalysis tests, which are essential for early detection and treatment, especially with the growing need for diagnostic testing in ageing populations worldwide. The development of diagnostic technology, such as automated urine analyzers and smartphone-based testing devices, is revolutionizing urinalysis, improving accessibility and simplicity for patients and medical professionals.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.14 billion |
Market size value in 2031 | USD 3.09 billion |
Growth Rate | 4.7% |
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
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MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Urinalysis Test 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 Test 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.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Urinalysis Test Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Urinalysis Test Market for additional countries.
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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.
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Report ID: SQMIG35I2324
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