Urinalysis Market Scope
Urinalysis is a test of urine that is done to manage and detect a wide range of disorder such as diabetes, urinary tract infections, kidney disease, and others. Urinalysis validated urine content, concertation, and appurtenance and if the result is abnormal then the person is suffering from some disease or illness. The main applications of urinalysis are monitor overall health, diagnose a medical condition and monitor a medical condition. Increasing kidney diseases and urinary tract infections are the main key driver for the market. Additionally, Increasing Patients suffering from chronic diseases due to change in environment and lifestyle, demand for fast testing and shift towards automation in sediment analysis have been supplementing the overall growth of the market. However, rising health awareness across the globe and high cost of the automated analyzer are reasons that are limiting the growth of the market. Moreover, the emergence of integrated systems for a urinalysis and increasing demand from developing economies may act as a driver in coming years.
According to AMA, the Global Urinalysis market is expected to see growth rate of 8.1% and may see market size of USD20081.78 Million by 2026.
The Players having a strong hold in the market are Cardinal Health, Inc., Alere, Inc., Siemens Healthineers, Roche Holding AG, Beckman Coulter Inc., Sysmex Corporation. Research Analyst at AMA estimates that United States, Asian and European Players will contribute to the maximum growth of Global Urinalysis market throughout the predicted period.
Cardinal Health, Inc. (United States), Alere, Inc. (United States), Siemens Healthineers (Germany), Roche Holding AG (Switzerland), Beckman Coulter Inc. (United States), Sysmex Corporation (Japan), Quidel Corporation (United States), Bio-Rad Laboratories, Inc. (United States), ARKRAY Healthcare Pvt. Ltd. (India) and Acon Laboratories, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are 77 Elektronika Kft (Hungry), Urit Medical Electronic Group Co., Ltd. (China) and Dirui Industrial Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Urinalysis market , by Application (Disease Screening (Urinary Tract Infections, Kidney Diseases, Diabetes, Liver Diseases), Pregnancy & Fertility and Others) and Region with country level break-up.
On the basis of geography, the market of Urinalysis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On September 2018, TestCard (the United States Based Company) has raised (USD 1.7 Million) in funding from small Bulgarian investment firm and Neo Ventures as the company has designed digitally-enabled home urine test. The new product can create a big opportunity for the company.
Market Trend
- Rising Trend of Point-Of-Care Urinalysis Leads to High Adoption of it
Market Drivers
- Increasing Patients That Are Suffering From Kidney Diseases and Urinary Tract Infections
- Demand for Fast Testing and Shift towards Automation in Sediment Analysis
- Increasing Patients Suffering from chronic diseases due to change in environment and lifestyle
Opportunities
- High Demand from Emerging Economies
- The Emergence of Integrated Systems for Urinalysis
Restraints
- Rising Health Awareness across Globe
Challenges
- High Cost of Automated Analyzer
Key Target Audience
Urinalysis Products Manufacturers, Raw Material Suppliers, Distributors and Suppliers, Private Research Organization, Investor, Government Association and Others