Urinary Tract Infection Testing Market Size Set to Hit USD 1 billion by 2031 with a CAGR of 6.2%: AMR

A report published by Allied Market Research titled:
"Urinary Tract Infection Testing Market by Infection Type, Test Type, End User, and Test Kit: Global Opportunity Analysis and Industry Forecast, 2021-2031."

Market Overview

• Market size (2021): USD 574 million
• Projected size (2031): USD 1 billion
• CAGR (2022-2031): 6.2%

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The report provides comprehensive insights into:

• Investment opportunities
• Growth strategies
• Market size and forecasts
• Competitive landscape
• Emerging trends

It serves as a valuable resource for investors, stakeholders, and new entrants.

Key Market Drivers
• Increasing prevalence of urinary tract infections
• Growing geriatric population
• Rapid advancements in diagnostic technologies
Market Restraints
• False positive and false negative results in UTI testing
Opportunities
• Availability of self-testing kits
• Rising global prevalence of diabetes

Leading Companies
• Thermo Fisher Scientific, Inc.
• Bio-Rad Laboratories
• Danaher Corporation
• ACON Laboratories Inc.
• Cardinal Health Inc.
• Stryker Corporation
• Sysmex Corporation
• Abbott Laboratories
• Roche AG
• LabCorp

Market Segmentation
By Infection Type
• Cystitis
o Largest share in 2021 (more than 50%)
o High global incidence (especially among women)
• Pyelonephritis
o Expected fastest growth (CAGR 6.5%)
o Common kidney-related infection
• Urethritis

By Test Kit
• Laboratory Test Kits
o Largest share (around three-fourths in 2021)
o Expected fastest growth (CAGR 6.3%)
o Provides more accurate results
• Home Test Kits
o Increasing adoption due to convenience

By Test Type
• Urinalysis
o Largest share (more than two-fifths in 2021)
o Expected highest CAGR (6.7%)
o Widely used for diagnosis of UTI, kidney disease, and diabetes
• Urine Culture
• Susceptibility Testing

By End User
• Hospitals
o Largest share (nearly half in 2021)
o Driven by hospital-acquired infections
• Diagnostic Laboratories
o Expected fastest growth (CAGR 6.8%)
o High accuracy due to culture-based testing
• Research Institutes

Regional Analysis
• North America
o Largest market share (around two-fifths in 2021)
o Strong healthcare infrastructure and high spending
• Asia-Pacific
o Fastest growing region (CAGR 7.4%)
o Increasing elderly population and healthcare demand
• Europe
• LAMEA (Latin America, Middle East, Africa)

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Key Questions Addressed
• What are the major growth drivers?
• What are the key challenges and restraints?
• What opportunities will shape the future?
• What are the latest market trends?
• What drives product innovation?
• What is the global and regional market size?
• How will the market grow during the forecast period?
• Which region dominates and where are the opportunities?

Contact Details:

David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.