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Home Diagnostics for Urinary Tract Infection Market expected reach US$ 1,354.02 million by 2027 | i-Health, BTNX, Teco Diagnostics, Atlas Medical, Aytu BioScience

08-24-2021 08:15 AM CET | Health & Medicine

Press release from: The Insight Partners

Home Diagnostics for Urinary Tract Infection Market

Home Diagnostics for Urinary Tract Infection Market

The home diagnostics for urinary tract infection market was valued at US$ 847.85 million in 2019 and is expected reach US$ 1,354.02 million by 2027; it is projected to grow at a CAGR of 6.2% from 2020 to 2027.

The urinary tract infection (UTI) is more common among women than in men. The UTI is easy to cure; however, the untreated UTI may lead to a severe health condition. Therefore, there are various diagnostics kits available in the market for UTI. Several diagnostics kits are sold over the counter. The UTI diagnostics works similar to the pregnancy kits; they have a strip, which is held in urine stream for a few seconds or dipping into a sample in a clean cup. The rising number of UTI cases is increasing the demand for the home diagnostics kits. Additionally, the awareness regarding kits is likely to influence market growth in the emerging regions.

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Some of the Prominent/Emerging Players in Home Diagnostics for Urinary Tract Infection Market:

i-Health, Inc (AZO), F. Hoffmann-La Roche AG (Roche Holding AG), Acon Laboratories, Inc., Becton Dickinson and Company, Arkray Inc., BTNX Inc, Abbott Laboratories, Aytu BioScience, Inc. (Innovus Pharmaceuticals, Inc), Teco Diagnostics, and Atlas Medical are some of the leading companies operating in the home diagnostics for urinary tract infection market.

The growth of the home diagnostics for urinary tract infection market is attributed to the growing prevalence of urinary tract infections and increasing geriatric population. Based on form type, the global home diagnostics for urinary tract infection market is segmented into dipsticks, cup, dipslide, cassette, and others. The dipsticks segment held the largest share of the market in 2019, and it is estimated to register the highest CAGR in during the forecast period.

Aged population is highly vulnerable to urinary tract infections, and aging is one of the prominent factors expected to increase the adoption of home diagnostics products for urinary tract infections. For instance, according to a study published on health blog in 2018, the prevalence of urinary tract infections among women over 65 years of age grew from 10% to 30% during the past decade in the US. As the geriatric population across the world is increasing, this association represents huge opportunity for the market growth during the forecast period. According to a study conducted by the World Health Organization in 2018, the population over 60 years of age will double from 2020 to 2050. Additionally, according to the same study, an estimated 80% of the aged population will reside in low and middle income countries by 2050, indicating huge demand for home based diagnostics products. As home-based urinary tract diagnostics products offer better convenience for old age population, it is anticipated to offer lucrative opportunity for the market players during the forecast period.

Global Home Diagnostics for Urinary Tract Infection Market – By Form Type

Dipsticks
Cup
Dipslide
Cassette
Others
Global Home Diagnostics for Urinary Tract Infection Market – By Distribution Channel

Retail Pharmacies & Drug Store
Online Pharmacies
Supermarket/Hypermarket

Reason To Buy Home Diagnostics for Urinary Tract Infection Market Report:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the home diagnostics for urinary tract infection market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the global home diagnostics for urinary tract infection market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense, Food & beverage, Chemical and Materials, Semiconductors. Etc.

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