Urinalysis Test Market Ready to Grow With CAGR of 6.3% by 2023

Urinalysis Test Market Information: By Product (Instruments, Consumables), Test Type (Macroscopic Urinalysis, Biochemical Urinalysis), Application (Disease Diagnosis, Pregnancy Tests), End User (Hospitals, Physician Practices) – Global Forecast Till 2023
The market Research Future Published New Report “Urinalysis Test Market Research Report – Global Forecast till 2023”. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

The Market Research Future provides detailed analysis of “Urinalysis Test Market Research Report – Global Forecast till 2023” by type, by indication and by end user. The global Urinalysis Test Market is expected to grow at a CAGR of 6.3% during the forecast period.

Urinalysis is a urine test to detect and manage disorders such as urinary tract infections (UTIs), liver disease, kidney disease, and diabetes. It is a non-invasive and cost-effective method of analysis. It involves checking the appearance, content, and concentration of urine. The test is mostly recommend during pregnancy checkup, routine examination, and pre-surgery preparation to detect any disease condition. In case of diabetes, urinalysis is used only for monitoring the glucose level and not for diagnosis.

The market for urinalysis test is expected to show exponential growth owing to increasing demand for point of care testing devices, rising prevalence of chronic diseases, and developing technology in the field of diagnostics. Another factor contributing to the market growth is cost-effectiveness of the test and higher demand for urine automated urine analyzers.

Furthermore, the growth of the market is affected by the lack of trained professionals and stringent regulations governing the manufacturing and the sales of chemistry analyzers across the globe.

According to the world Health Organization (WHO), about 59% of the mortality across the globe is due to chronic diseases and almost 35 million people die of the chronic diseases

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Prominent Key Players in the Market: Dahaner (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Bio-Rad Laboratories, Inc.  (U.S.), Siemens AG (U.S.), ARKRAY, Inc. (Japan), Sysmex Corporation (Japan), and ACON Laboratories, Inc. (U.S.).

Segmentation

The global urinalysis test market is segmented on the basis of type of product type, test type, application and end user.

On the basis of product type, the market is segmented into instruments and consumables. The instruments include urine chemistry analyzer such as automatic urine analyzers and semi-automatic urine analyzers, automated urine sediment analyzers, point-of-care devices, and strip analyzer. The consumables are further segmented into plastic consumables, test strips, and chemical agents.

On the basis of test type, the market is segmented into macroscopic urinalysis, biochemical urinalysis, and sediments/microscopic urinalysis.

On the basis of application, the market is segmented into disease diagnosis including the diagnosis of diseases such as kidney disease, liver disease, diabetes, pregnancy tests, and others.

On the basis of end user, the market is segmented into hospitals, independent laboratories, and physician practices.

Regional Analysis

The Americas is the largest urinalysis tests market across the globe owing to extensive use and  demand for automated point-of-care testing devices, and rising prevalence of chronic kidney diseases (CKD). According to the National Chronic Kidney Diseases Report, CKD is common among adults in the U.S.

Europe is the second largest market and it is expected to show positive growth in the near future due to the increasing prevalence of Chronic Kidney Disease (CKD) and diabetes. As per American Society of Nephrology, the prevalence of CKD across the European countries is varied. According to the World Health Organization, about 60 million European have diabetes and the prevalence of diabetes is relatively high among people over 25 years. 

In Asia Pacific, the market is expected grow at the fastest rate owing to increasing prevalence of chronic disease such as diabetes, kidney diseases, and others. Furthermore, the demand for diagnostics services in this region is increasing with the increasing medical tourism. India is one of the international medical tourism destinations across the world, which further exhibits growth opportunities for the market due to availability of cost-effective treatment and rising success rates. Furthermore, the increasing healthcare expenditure in the developing countries of Asia Pacific also contributes to the market growth.

The Middle East and Africa also shows a steady rise in the market owing to rising demand for agnostic solutions and point-of-care testing devices.

TABLE OF CONTENTS

1 REPORT PROLOGUE

2 MARKET INTRODUCTION

2.1 Introduction 17 
2.2 Scope Of Study 17 
2.3 Research Objective 17 
2.4 Assumptions & Limitations 18 
2.4.1 Assumptions 18 
2.4.2 Limitations 18 
2.5 Market Structure 18

3 RESEARCH METHODOLOGY

3.1.1 Primary Research Methodology 20 
3.1.2 Secondary Research Methodology 21 
3.1.3 Market Share Analysis 22 
3.1.4 Trade Analysis 22 
3.2 Forecast Model 23

4 MARKET DYNAMICS

4.1 Introduction 24 
4.2 Drivers 25 
4.2.1 Rising Demand For Point-Of-Care Testing: (35%) 25 
4.2.2 Rising Prevalence Of Chronic Diseases: (40%) 26 
4.2.3 Technological Advancements: (25%) 27 
4.3 Restraints 28 
4.3.1 Stringent Regulations: (60%) 28 
4.3.2 Lack Of Trained Professionals: (40%) 29 
4.4 Mega Trends 30 
4.5 Macroeconomic Indicators 30 
4.6 Technology Trends And Assessment 32

…Continued

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