Urinalysis Test Market is growing globally with the rapid pace and Forecast to 2023

Market Research Future has a cooked research report on the Global Urinalysis Test Market. The Global Urinalysis Test Market is growing continuously and is expected to grow at a CAGR of 6.3% from 2017 to 2023.
Urinalysis is the analysis of urine for the diagnosis and monitoring of number of diseases such as kidney disease and diabetes. The test is mostly recommended during pregnancy to determine the levels of hormone called “human chorionic gonadotropin”. Therefore, the demand for these test instruments and devices is growing across the globe.
The demand for urinalysis test is increasing with increasing prevalence of chronic diseases and demand for new point of care devices. The global market is expected to grow at a CAGR of 6.3% during the forecast period.
Taste the market data and market information presented through more than 120 market data tables and figures spread over 158 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Urinalysis test market research report–Global forecast till 2023.”
Urinalysis Test Market Key Players are: Dahaner (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Bio-Rad Laboratories, Inc. (U.S.), Siemens AG (U.S.), ARKRAY, Inc. (Japan), Sysmex Corporation (Japan), and ACON Laboratories, Inc. (U.S.).
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The Global Urinalysis Test Market is segmented on the basis of type of product type, test type, application and end user.
On the basis of product type, the market is segmented into instruments and consumables. The instruments include urine chemistry analyzer such as automatic urine analyzers and semi-automatic urine analyzers, automated urine sediment analyzers, point-of-care devices, and strip analyzer. The consumables are further segmented into plastic consumables, test strips, and chemical agents.
On the basis of test type, the market is segmented into macroscopic urinalysis, biochemical urinalysis, and sediments/microscopic urinalysis.
On the basis of application, the market is segmented into disease diagnosis including the diagnosis of diseases such as kidney disease, liver disease, diabetes, pregnancy tests, and others.
On the basis of end user, the market is segmented into hospitals, independent laboratories, and physician practices.
Regional Analysis
The Americas is the largest Urinalysis Tests Market across the globe owing to extensive use and demand for automated point-of-care testing devices, and rising prevalence of chronic kidney diseases (CKD). According to the National Chronic Kidney Diseases Report, CKD is common among adults in the U.S.
Europe is the second largest market and it is expected to show positive growth in the near future due to the increasing prevalence of Chronic Kidney Disease (CKD) and diabetes. As per American Society of Nephrology, the prevalence of CKD across the European countries is varied. According to the World Health Organization, about 60 million European have diabetes and the prevalence of diabetes is relatively high among people over 25 years.
In Asia Pacific, the market is expected grow at the fastest rate owing to increasing prevalence of chronic disease such as diabetes, kidney diseases, and others. Furthermore, the demand for diagnostics services in this region is increasing with the increasing medical tourism. India is one of the international medical tourism destinations across the world, which further exhibits growth opportunities for the market due to availability of cost-effective treatment and rising success rates. Furthermore, the increasing healthcare expenditure in the developing countries of Asia Pacific also contributes to the market growth.
The Middle East and Africa also shows a steady rise in the market owing to rising demand for agnostic solutions and point-of-care testing devices.
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Major TOC:
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
2.1 Introduction 17
2.2 Scope Of Study 17
2.3 Research Objective 17
2.4 Assumptions & Limitations 18
2.4.1 Assumptions 18
2.4.2 Limitations 18
2.5 Market Structure 18
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 Introduction 24
4.2 Drivers 25
4.2.1 Rising Demand For Point-Of-Care Testing: (35%) 25
4.2.2 Rising Prevalence Of Chronic Diseases: (40%) 26
4.2.3 Technological Advancements: (25%) 27
4.3 Restraints 28
4.3.1 Stringent Regulations: (60%) 28
4.3.2 Lack Of Trained Professionals: (40%) 29
4.4 Mega Trends 30
4.5 Macroeconomic Indicators 30
4.6 Technology Trends And Assessment 32
5 MARKET FACTOR ANALYSIS
5.1 Value Chain Analysis 33
5.1.1 Primary Activities 33
5.1.2 Secondary Activities 34
5.2 Porters Five Forces Model 35
5.2.1 Bargaining Power Of Suppliers 36
5.2.2 Bargaining Power Of Buyers 36
5.2.3 Threat Of New Entrants 36
5.2.4 Threat Of Substitutes 36
5.2.5 Intensity Of Rivalry 36
5.3 Demand And Supply Gap Analysis 37
5.4 Pricing Analysis 38
5.5 Investment Opportunity Analysis 39
…Continued
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