Global Urinalysis Test Market

Urinalysis Test Market Size, Share, Growth Analysis, By Application(Disease Screening, Pregnancy and Fertility), By End User(Hospitals & Clinics, Diagnostic Laboratories, Home Care Setting and Research Laboratories & Institute), By Test(Pregnancy & Fertility Tests, Biochemical Urinalysis, and Sediment Urinalysis), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35I2324 | Region: Global | Published Date: April, 2024
Pages: 220 | Tables: 89 | Figures: 71

Urinalysis Test Market Dynamics

Drivers

Rising Rates of Diabetes and UTIs

  • Rising urinary tract infection (UTI) rates in developing economies are one of the main factors driving the market ahead. Urinary tract infections (UTIs) have the potential to create complications during childbirth and extend to the kidneys if treatment is not received, which could drive market expansion.

Emerging Markets of Urinalysis Test

  • Upgrading laboratory infrastructure is crucial given the high frequency of disease, big patient population, growing medical tourism in emerging nations, better healthcare infrastructure, and rising disposable income. To satisfy this need, healthcare infrastructure must be improved as doing so makes medical services and diagnostic tools more accessible.

Restraints

Shortened Urine Analyzers' accessibility

  • Cost-effective devices with comparable features are preferred in developing nations as people there are price sensitive. If there aren't strong regulatory structures in place, the economy can see a flood of reconditioned and inferior goods.

Regulatory environment for the urinalysis market

  • IVD regulations and laws, which include urinalysis requirements, are getting stricter in the US and Europe. For software updates, the installation of new software on an existing device, or any other modifications made to these devices, new applications could be needed. It poses a significant obstacle to this market's expansion.
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FAQs

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).

Within the highly competitive 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. 'Cardinal Health (US)', 'General Electric Company (US)', 'Metropolis India (India) ', '77 Elektronika Kft (Hungary)', 'Roche Diagnostics (Switzerland) ', 'Thermo Fisher Scientific (US)', 'Sysmex Corporation (Japan)', 'Abbott (US)', 'Trinity Biotech (Ireland)', 'ARKRAY Inc. (Japan)', 'Dr Lal PathLabs (India) ', 'F. Hoffmann-La Roche Ltd (Switzerland)', ' Siemens (Germany)', 'Sysmex Corporation (Japan)', 'BioMaxima SA (Poland)'

Rising urinary tract infection (UTI) rates in developing economies are one of the main factors driving the market ahead. Urinary tract infections (UTIs) have the potential to create complications during childbirth and extend to the kidneys if treatment is not received, which could drive market expansion.

Revolutionizing Urinalysis: The development of diagnostic technology is one of the most significant advances in urine analysis testing. The results of urinalysis are getting better thanks to automated urine analyzers and smartphone-based testing devices. Both patients and medical professionals may now test more easily and simply thanks to these developments. Urinalysis tests become more and more necessary as chronic conditions like diabetes and renal disease progress. The market is growing as urinalysis is useful for treating and keeping track of these conditions. In today's healthcare, urinalysis is essential since it can identify health problems early.

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.

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Global Urinalysis Test Market

Report ID: SQMIG35I2324

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