Increasing Incidence of Obesity and Rising Occurrence of Chronic Diseases Globally to Boost Urinalysis Market

A new market research report by Transparency Market Research, titled “Urinalysis Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, provides a comprehensive evaluation of the market for urinalysis and helps identify the prime trends shaping the market’s development. The report also encapsulates valuable insights into the key technological developments seen within the market as well as a competitive analysis of the market. The study also helps readers identify and understand the top parent segments and sub-segments of the market and the expected state of these segments by the end of the forecast horizon.

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As per the report, the increasing prevalence of obesity and a wide variety of chronic diseases such as hypertension and diabetes is amongst the prime factors fuelling the growth of the market for urinalysis. Furthermore, the proliferation of numerous technologically advanced products in the market is also impacting the market positively. On the other hand, as stated in the report, a number of strict regulatory laws globally sometimes bring about a delay in the introduction of new products, thus restraining the growth of the market. In addition, within emerging countries, the adoption rate of fully automated solutions is low, which may also have a negative impact on the growth of the market.

In terms of method, the market is segmented into microscopic examination, urine test strip, and others. By test type, the report segments the market into biochemical urinalysis and sediment urinalysis. The segment of sediment urinalysis is further segmented into flowcytometric urinalysis and microscopic urinalysis. By application, the report segments the market into disease diagnosis and pregnancy test. The segment of disease diagnosis is further segmented into kidney infections, urinary tract infections, diabetes, kidney stones, hypertension, and others including jaundice, hepatitis, and cirrhosis.

By instrument, the report segments the market into consumables and disposables. The segment of consumables is further segmented into reagents and dipsticks. The segment of disposables is further segmented into automated urine sediment analyzers, biochemical urine analyzers, and point-of-care devices. On the basis of end use, the market is segmented into diagnostic laboratories, hospitals and clinics, research laboratories, medical institutions, and home care settings.

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Geographically, the report segments the market into Europe, Asia Pacific, North America, and Rest of the World (RoW). Amongst these, North America dominates the market and is trailed by Europe. This is due to the rising number of initiatives taken by the governments in this region and the increasing occurrence of chronic diseases. On the other hand, Asia Pacific is also predicted to rise exponentially in forthcoming years owing to the enhancement of healthcare facilities and the growing technological advancements in medical devices within this region.

As stated in the report, the chief players in the market are ACON Laboratories, Inc., Bio-Rad, Labomed, Inc., Siemens Healthcare, Urit Medical, and Teco Diagnostics, among others.

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This release was published on openPR.