openPR Logo
Press release

Urinalysis Market is expected to grow at a Robust CAGR of 6.2% during the forecast period 2022-2031

08-08-2022 03:30 PM CET | Health & Medicine

Press release from: Global Insight Services

Urinalysis Market

Urinalysis Market

The global urinalysis market was valued at USD 3.4 billion in 2021 and it is anticipated to grow up to USD 6.2 billion by 2031, at a CAGR of 6.2% during the forecast period.

Urinalysis is also known as urine test that uses a urine sample to examine visual, chemical and microscopic aspects of urine to assess patient health. Urinalysis tests are commonly used by healthcare providers to check or monitor specific health disorders, damage to the kidney as well as to diagnose urinary tract infections.

Read more about Urinalysis Market here: https://www.globalinsightservices.com/reports/urinalysis-market/

Market Trends and Drivers:

The growing geriatric population in developed and developing countries is anticipated to boost the market demand. The increasing prevalence of diabetes, liver, and renal diseases with aging will significantly contribute to the demand for urine tests in diagnosis. Incidence of such chronic conditions among elderly population lead to higher frequency of prescriptions for tests like creatinine, albumin, glucose, k*tones, and bilirubin among others. According to the World Health Organization, the number of people aged 60 years and over is estimated to increase from 1 billion in 2020 to 1.4 billion by 2030. With increasing base of this age group, the industry is estimated to foresee tremendous growth. Additionally, higher risk of chronic kidney conditions with structural and functional changes in organs with aging will favour the testing volume.

Market Restraints and Challenges:

The availability of refurbished instruments acts as a challenge in the growth of this market as these instruments offer the same functionalities as new equipment at a lower cost. Several end users, mainly small and medium-sized laboratories, opt for cost-effective and refurbished systems. In particular, the markets in developing countries, which are price-sensitive, prefer instruments that are cheap and offer similar functionalities. In the absence of well-grounded regulatory frameworks, there may be an influx of low-quality and refurbished products into the economy.

To remain 'ahead' of your competitors, request for a sample: https://www.globalinsightservices.com/request-sample/GIS10372/

COVID-19 Impact:

The urinalysis industry continued to witness significant revenue growth during the COVID-19 pandemic. The high risk of COVID-19 infection among patients with existing history of chronic kidney disease (CKD) led to increased demand for routine urinalysis during the period. Availability of home testing products allowed such patients to effectively manage disease diagnosis at home without visiting physician offices. Further, as per the data by the European Kidney Health Alliance, nearly 58% of hospitalized COVID-19 patients were affected by Acute Kidney Injury (AKI) with an associated mortality rate of more than 30%. Thus, the increased risk of CKD among COVID-19 patients has also stimulated the demand for urinalysis in healthcare settings and contributed to the urinalysis market share

Major Players in the Global Urinalysis Market:

The key players in the market are Siemens Healthineers AG (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Cardinal Health, Inc. (US), Abbott Laboratories (US), Danaher Corporation (US), Sysmex Corporation (Japan), Quidel Corporation (US), Becton, Dickinson and Company (US), Bio-Rad Laboratories, Inc. (US), EKF Diagnostics (UK), Thermo Fisher Scientific Inc. (US), among others.

Get a Customized Scope to Match Your Need Ask an Expert: https://www.globalinsightservices.com/request-customization/GIS10372/

With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Urinalysis Market is expected to grow at a Robust CAGR of 6.2% during the forecast period 2022-2031 here

News-ID: 2700622 • Views: 249

More Releases from Global Insight Services

Natural Cinnamic Aldehyde Market Overview by recent opportunities, growth size, …
Global Natural Cinnamic Aldehyde Market report from Global Insight Services is the single authoritative source of intelligence on Natural Cinnamic Aldehyde Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories,
Castor Oil Derivatives Market Pegged for Robust Expansion by 2031 | Type, Applic …
Global Castor Oil Derivatives Market report from Global Insight Services is the single authoritative source of intelligence on Castor Oil Derivatives Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories,
Carton Liners Market is set for lucrative growth during 2022-2031 | Size, Share, …
Global Carton Liners Market report from Global Insight Services is the single authoritative source of intelligence on Carton Liners Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types,
Cast Stretch Films Market Growth, Business Opportunities, Share Value, Key Insig …
Global Cast Stretch Films Market report from Global Insight Services is the single authoritative source of intelligence on Cast Stretch Films Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories,

All 5 Releases


More Releases for Urinalysis

Urinalysis Market Worth $2.21 billion by 2027
Meticulous Research- leading global market research company published a research report titled "Urinalysis Market by Product (Pregnancy & Fertility Test, Dipstick, Reagent, Automatic, Semi-automatic, POC Analyzer), Application (Pregnancy, Diabetes, Kidney Disease, UTI), End-user (Hospitals and Clinics, Laboratory, Home Care) - Global Forecast to 2027". According to this latest publication from Meticulous Research, the global urinalysis market is expected to grow at a CAGR of 5.4% from 2019 to 2027 to reach
Urinalysis Market | Analysis and Trends 2024
The global urinalysis market is highly fragment, with the top five companies accounting for a share of 41.7% in 2016. Transparency Market Research finds that these companies, namely F. Hoffman-La Roche Ltd., Beckman Coulter, Inc., Siemens Healthcare, BAYER Healthcare, and Sysmex Corporation, have been dominating the scene owing to various business strategies. Acquisition is one of the most successful and widely chosen growth strategies adopted by players to strengthen their
Urinalysis Market Growth Analysis 2024
The global urinalysis market is highly fragment, with the top five companies accounting for a share of 41.7% in 2016. Transparency Market Research finds that these companies, namely F. Hoffman-La Roche Ltd., Beckman Coulter, Inc., Siemens Healthcare, BAYER Healthcare, and Sysmex Corporation, have been dominating the scene owing to various business strategies. Acquisition is one of the most successful and widely chosen growth strategies adopted by players to strengthen their
Urinalysis Market
A urinalysis is a test that measures elements found in urine, such as electrolytes, hormones, or waste products of metabolism. It is also called urine test and involves a number of tests to detect and measure various compounds that pass through the urine. This examination can help find problems that need treatment, including infections or kidney problems.  A urine test includes three parts namely, visual exam, microscopic exam, and dipstick
Urinalysis Market
A urinalysis is a test that measures elements found in urine, such as electrolytes, hormones, or waste products of metabolism. It is also called urine test and involves a number of tests to detect and measure various compounds that pass through the urine. This examination can help find problems that need treatment, including infections or kidney problems.  A urine test includes three parts namely, visual exam, microscopic exam, and dipstick
Global Urinalysis Analyzer Sales Market Report 2017
This report studies sales (consumption) of Urinalysis Analyzer in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Beckman Coulter Roche Diagnostics Siemens AG Sysmex Corporation To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=984376&type=E Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and