Global Urinalysis Test Market Outlook 2030
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Product Code:
RP-ID-10059318 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
144 -
Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-12
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
The global urinalysis market is expected to intensify at a CAGR of 6% between 2022 and 2030. Target diseases such as urinary tract infections, kidney diseases and diabetes are huge, with millions of cases occurring every year. Urinalysis is used as the main diagnostic tool for the diagnosis and treatment of these diseases. The huge target population base and a large number of unmet clinical needs observed in underdeveloped regions provide a wealth of potential growth opportunities for the market. In order to take advantage of these opportunities, diagnostic tools must be developed that can meet these unmet clinical needs at an affordable price.
In addition, the sedentary lifestyle has exacerbated the popularity of people in many areas. However, the lack of adequate sanitation infrastructure in low-income countries is the main limitation to the use of the latest urinalysis diagnostic tools. Providing fast and accurate diagnosis and improving ease of use are the core strategies adopted by major market players to address unmet clinical needs in these regions.
PRODUCT INFORMATION:
The market is divided into two parts: instruments and consumables according to products. Automatic and semi-automatic biochemical urine analyzers, urine sediment analyzers and micro urine analyzers are the most widely used instruments in the urine analysis market. It is estimated that the technological advancement of instrumentation has promoted the growth of this market segment at a compound annual growth rate of more than 7% during the forecast period. Automatic urine strip readers and automatic urine sediment analyzers, such as UriSed mini and UriSed 2 from 77 Elektronika Kft, represent the most technologically advanced instruments on the market. market. These advancements also provide a single-level access to the results of the entire hospital.
APPLICATION INFORMATION:
Urinalysis tests are used as first-line diagnostic tools for the diagnosis of various metabolic abnormalities and UTI. Urinalysis is also used as a disease management tool to treat chronic diseases such as diabetes, chronic kidney disease (CKD) and bladder cancer.
The prevalence of target diseases such as diabetes, kidney disease and urinary tract infections is increasing. (UTI) and the introduction of technologically advanced, fast, non-invasive and easy-to-use urinalysis tools are estimated to be the main driving forces for the growth of this market. The market share exceeded 25% in 2020, mainly due to the high prevalence of hospital-acquired urinary tract infections, especially in women, and the effective diagnosis of urinalysis.
END USE INFORMATION:
The clinical laboratory department is the largest end-use department, accounting for more than 30% of the market share in 2020, and its dominance is expected to continue into the forecast period. The large number of procedures associated with these institutions is the main reason for their high percentage. It is expected that the increasing trend of using automation in urinalysis diagnosis will provide a supplementary force for the growth of bedside care and self-assessment based on urinalysis equipment. Due to the above-mentioned factors, the field of home care is expected to see significant growth in the next ten years.
REGIONAL INFORMATION:
North America dominated the entire urine analysis market in 2020. The main drivers of the identified huge market share include the presence of major market players in the region, such as Alere, Inc., Siemens Healthcare, Bio-Rad and Beckman Coulter. In addition, the introduction of automated urine sediment analyzers such as digital flow morphology (digital imaging) and fluorescence flow cytometry, as well as the high health care expenditure in the region, which accounts for about 14% of GDP, are the reasons for the high health care expenditure.
The growth potential of this market. It is expected to witness the fastest growth during the forecast period with a compound annual growth rate of about 9%. The increasing penetration of advanced urine analyzers, the presence of local urine analyzer manufacturers (such as Mindray and Urit Medical), and a large target population base with unmet clinical needs are expected to strengthen market growth during the forecast period.
COMPETITIVE MARKET SHARE INFORMATION:
Global urine analysis market participants include Alere, Inc., ARKRAY, Inc., Bio-Rad, Mindray, Roche Diagnostics, Siemens Healthcare and Sysmex. Mergers and acquisitions aimed at covering a broad distribution area and focusing on the development of new products are the key strategies implemented by these players. In addition, the investment in improved and automated diagnostic tools for urinalysis is a transformative decision for this product. Developers and end users, such as hospitals and clinical laboratories
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Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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