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.
The global urinalysis
market is estimated to account for US$ 1,249.0 Mn in terms of value and is
expected to reach US$ 1,779.9 Mn by the end of 2027.
Global Urinalysis Market: Drivers
Approval and launch of new
products is expected to propel growth of the global urinalysis market over the
forecast period. For instance, in January 2019, Bio-Rad Laboratories, Inc.
launched, qUAntify Advance Control, an independent quality control used in
clinical labs while performing urine test.
Global Urinalysis Market:
Opportunities
Adoption of electronic nose in
urinalysis is expected to offer lucrative growth opportunities for players in
the global urinalysis market. For instance, in May 2020, researchers from Vrije
Universiteit Amsterdam, The Netherlands, reported that in an intention-to-diagnose
high-risk pediatric population, urinary tract infections could be discriminated
from non- urinary tract infection by volatile organic compounds profiling,
using an electronic nose.
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Global Urinalysis Market:
Restraints
Laboratory staff shortage is
expected to hinder growth of the global urinalysis market. Such scenario is
majorly present in emerging economies.
Key Takeaways:
The global urinalysis market was
valued at US$ 1,183.7 Mn in 2019 and is forecast to reach a value of US$
1,779.9 Mn by 2027 at a CAGR of 5.2% between 2020 and 2027. Major factor
driving the growth of global Urinalysis market during the forecast period
include increasing prevalence of kidney diseases, and increasing geriatric
population.
Consumables held dominant position
in the global urinalysis market in 2019, accounting for 67.5% share in terms of
volume, followed by Instruments. Increasing test volume is expected to support
growth of the consumables segment over the forecast period.
Market Trends
High prevalence of urinary tract
infections is expected to propel growth of the global urinalysis market. For
instance, according to the study “Prevalence of Bacterial Urinary Tract
Infections and Associated Factors among Patients Attending Hospitals in
Bushenyi District, Uganda”, published in February 2019, the prevalence of
urinary tract infections was 32.2% among the study.
Major players in the global
urinalysis market are focused on adopting partnership strategies to enhance
their market share. For instance, in August 2020, Sysmex America, Inc.
announced an exclusive agreement with Siemens Healthineers that grants North
American rights to distribute and service Siemens Healthineers CLINITEK Novus
Automated Urine Analyzer for hospital and reference laboratory use.
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Global Urinalysis Market:
Competitive Landscape
Major players operating in the
global urinalysis market include, e Alere, Bio-Rad Laboratories, Inc., Roche
Diagnostics, Mindray, Healthy.io, Arkray, Inc., Sysmex America, Inc., Beckman
Coulter, and Siemens Healthcare.
Global Urinalysis Market: Key
Developments
Major players in the global
urinalysis market are focused on raising funds to expand their product
portfolio. For instance, in September 2019, Healthy.io raised US$ 60 million in
a Series C funding round led by Corner Ventures.
Major players in the market are
also focused on adopting partnership strategies to expand their product
portfolio. For instance, in 2018, Beckman Coulter and U.S. Arkray, Inc.,
announced a partnership and introduced iQ Urinalysis Workcell, an automated urine
analyzers in the US.
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