Urinalysis Market SWOT Analysis and Major Players Alere, Bio Rad, Roche Diagnostics, Mindray, Arkray, Sysmex, and Siemens Healthcare

According to Centers for Disease Control and Prevention, as of 2016, around 4.9 million people in the U.S. are diagnosed with kidney disease. The major factors that are driving the growth of market are escalating prevalence of kidney diseases and urinary tract infections, technological advancements, increasing adoption rate of point-of-care urinalysis devices, implementation of Patient Protection and Affordable Care Act (PPACA), increasing healthcare expenditure and increasing senior citizen population.

Urinalysis Market

On the basis of product type, the urinalysis market is classified into the following:

Consumables
Instruments
On the basis of test type, the urinalysis market is classified into following:

Biochemical Urinalysis
Sediment Urinalysis

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According to Centers for Disease Control and Prevention (CDC), diabetes is one of the most common chronic diseases among humans, around 29.1 million people or 9.3% of the U.S population suffers from diabetes (2016). Increase in the prevalence of chronic diseases and geriatric population will give rise to prevention and cure for the chronic diseases, owing to the growth of urinalysis market. Emergence of portable and battery operated urinalysis devices and increase in implementation of urinalysis in emerging economic countries such as China, India and others, will create new opportunities for the urinalysis market. Integrated systems & urinalysis via smartphones and technological advancement present opportunities in the market.

High costs of R&D, implementation of excise tax by the U.S. government and stringent regulatory procedures are major factors that hinder the growth of the market. The large target population and the observed high, unmet clinical needs in the developing regions provide the market with a large pool of opportunities for prospective growth. To exploit on these opportunities, the development of diagnostic tools that can respond to these unmet clinical needs at reasonable price is mandatory.

Regional Analysis

North America is the largest region in the urinalysis market. The major driver for the large market share includes presence of key market players in the region such as Alere, Inc., Bio Rad, Siemens Healthcare, and Beckman Coulter. Moreover, introduction of the automated urine sediment analyzers such as digital flow morphology (digital imaging) & fluorescence flow cytometry together with high healthcare expenditure in this region. Asia Pacific is expected to observe the fastest growth during the forecast period. Increasing penetration rate of advanced urine analyzers, and the presence of local urine analyzer manufacturers, such as Mindray, Urit medical, and a large base of the target population with unmet clinical needs are expected to strengthen the market growth over the forecast period.

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