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Urinalysis Market 2023 - By Industry Demand, Leading Players, Regional Overview And Forecast To 2032
Urinalysis Market
The Business Research Company's Urinalysis Global Market Report 2023 identifies rising geriatric population as the major driver for the Urinalysis market's growth in the forecast period. The geriatric population refers to older adults 65 years and beyond. The geriatric population suffers from various diseases due to low immunity and age. Aging increases the risk of urinary tract infections (UTI) in the geriatric population. A urinalysis examines the visual, chemical, and microscopic components of urine. These results are used to identify and manage a variety of illnesses, including diabetes, kidney disease, and urogenital infections.
The global urinalysis market size is expected to grow from $3.15 billion in 2022 to $3.40 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The urinalysis market size is expected to reach $4.51 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the Urinalysis market are Siemens Healthineers AG, Roche Diagnostics Ltd., Cardinal Health Inc., Abbott Laboratories, Danaher Corporation, Beckman Coulter Inc.
A key trend in the Urinalysis market includes technologically advanced instruments. Major companies operating in the market are advancing toward using artificial intelligence technology in urine analysis devices. For instance, in February 2022, Olive Diagnostics, an Israel-based health tech company providing diagnosis tools, launched Olive KG, a urinalysis sensor device that provides real-time health alerts and early detection for disease growth. This product is AI-powered and gives real-time urine analysis. The device measures red blood cells, proteins, ket*ones, nitrites, pH, volume, pressure, color, and urine frequency, among other things. The device has a toilet-mountable IoMT (Internet of Medical Things) device, which creates real-time personal data safeguarded by GDPR and HIPPA act criteria.
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The Urinalysis market is segmented -
• By Test Type: Pregnancy and Fertility Tests, Biochemical Urinalysis, Sediment Urinalysis
• By Product: Consumables, Instruments
• By Application: Urinary tract infections (UTI's), Kidney Disease, Liver Disease, Diabetes, Hypertension, Other Applications
• By End Users: Diagnostic Laboratories, Hospitals and Clinics, Home Care Settings, Research Laboratories and Institutes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Urinalysis market.
The Business Research Company's "Global Urinalysis Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Urinalysis Market Include:
1. Executive Summary
2. Urinalysis Market Characteristics
3. Urinalysis Market Trends And Strategies
4. Urinalysis Market - Macro Economic Scenario
5. Urinalysis Market Size And Growth
…………………………………..
26. Africa Urinalysis Market
27. Urinalysis Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Urinalysis Market
29. Urinalysis Market Future Outlook and Potential Analysis
30. Appendix
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