Overview and Scope
A urinalysis, commonly referred to as a urine test, examines urine’s visual, chemical, and microscopic components. It involves examining urine’s appearance, concentration, and content. It includes a variety of tests that detect and measure various compounds that pass-through urine using a single sample of urine. The urinalysis is used to identify and manage a variety of illnesses, including diabetes, kidney disease, and urogenital infections.
Sizing and Forecast
The urinalysis market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rising healthcare expenditure, healthcare infrastructure, regulatory changes and standardization, drug screening and forensics, clinical laboratory practices..
The urinalysis market size is expected to see strong growth in the next few years. It will grow to $4.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to point-of-care testing (poct), chronic disease management, aging population, preventive healthcare, remote monitoring and telemedicine.. Major trends in the forecast period include innovative drugs approvals, technological innovations, personalized medicine, chronic disease monitoring..
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Segmentation & Regional Insights
The urinalysis market covered in this report is segmented –
1) By Test Type: Pregnancy and Fertility Tests, Biochemical Urinalysis, Sediment Urinalysis
2) By Product: Consumables, Instruments
3) By Application: Urinary tract infections (UTI’s), Kidney Disease, Liver Disease, Diabetes, Hypertension, Other Applications
4) By End Users: Diagnostic Laboratories, Hospitals and Clinics, Home Care Settings, Research Laboratories and Institutes
North America was the largest region in the urinalysis market in 2023. The regions covered in the urinalysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising geriatric population is expected to propel the urinalysis market going forward. The geriatric population refers to older adults 65 years and beyond. The geriatric population suffers from various diseases due to low immunity and age. Aging increases the risk of urinary tract infections (UTI) in the geriatric population. A urinalysis examines the visual, chemical, and microscopic components of urine. These results are used to identify and manage a variety of illnesses, including diabetes, kidney disease, and urogenital infections. For instance, October 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations responsible for international public health, six people in the world will be aged 60 years or older by 2030. At this point, there will be 1.4 billion people, up from 1 billion in 2020, who are 60 years of age or older. The number of individuals 60 and older in the world will double (to 2.1 billion) by the year 2050. Between 2020 and 2050, there will be 426 million more people who are 80 years of age or older than there are today. Thus, the rising geriatric population is driving the urinalysis market.
Key Industry Players
Major companies operating in the urinalysis market report are Siemens Healthineers AG, F. Hoffmann-La Roche Ltd., Cardinal Health Inc., Abbott Laboratories, Danaher Corporation, Beckman Coulter Inc., Sysmex Corporation, ARKRAY Inc., ACON Laboratories Inc., Bio-Rad Laboratories Inc., URIT Medical Electronic Group Co Ltd., 77 Elektronika Kft, Thermo Fisher Scientific Inc., Teco Diagnostics, Mindray Medical International Limited, Quidel Corporation, Becton Dickinson and Company, EKF Diagnostics, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Guangzhou Wondfo Biotech Co. Ltd., Chembio Diagnostic Systems Inc, Immunostics Inc., Inova Diagnostics Inc., Meridian Bioscience Inc., Fapon Biotech Inc., Nanjing Norman Biological Technology Co. Ltd., OraSure Technologies Inc., Hologic Inc., Randox Laboratories Ltd., Qiagen N.V
The urinalysis market report table of contents includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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