Urinalysis Test Market by Global Demand, Supply and Research Synopsis

The global urinalysis market size is expected to value at USD 2.14 billion by 2022.

Factors responsible for robust market growth of urinalysis industry include introduction of highly advanced diagnostic tools, increasing unmet clinical needs, and rising demand for cost-effective solutions.Urinalysis plays a vital role as a diagnostic tool for the analysis and management of target diseases such as urinary tract infection (UTI) disorders, kidney diseases, and diabetes.

Globally, the urinalysis market is predicted to grow at CAGR of 7.5% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/urinalysis-market-size/request-sampleGrowing prevalence of the target diseases such as urinary tract infection (UTI) disorders, kidney diseases, and diabetes, is considered as one of the prominent factor responsible for market growth, in the recent years.

Yet, development of advanced and cost-effective technique to carry out fast and highly precise diagnosis along with easy to use solutions for catering to the unmet clinical needs in the developing as well as underdeveloped economies are estimated to drive market growth in the upcoming years.The urinalysis market is broadly divided into two major typed based on product types such as instruments urinalysis and consumables.

The recent technological advancements in the instrument market segment coupled with development of novel products such as urine sediment analyzer, and microscopic urine analyzer are estimated to drive market growth over the forecast period.Additionally, introduction of fully automated urine strip readers and automated urine sediment analyzers like Uri-Sed mini and Uri-Sed two with the help of ElektronikaKft is considered as one of the prominent factors driving the growth of instruments market segments over the forecast period.

Increasing adoption of wireless technology for communication purposes coupled with development of miniaturized PoC urinalysis instruments are further expected to advance market growth in the upcoming years.Growing usage of technologically advanced, fast-acting, non-invasive, and easy to use tools for urinalysis are projected to stimulate market expansion of urinalysis industry in the near future.

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The Global urinalysis market is projected to reach USD 4.6 billion by 2024 from USD 3.2 billion in 2019, at a CAGR of 7.6% from 2019 to 2024.Market growth is largely driven by factors such as the growing global prevalence of kidney diseases and urinary tract infections, the shift towards automation in sediment analysis, and the increasing adoption of point-of-care urinalysis.

Integrated systems for urinalysis and the emerging economies are expected to provide a wide range of growth opportunities for players in the market.Pregnancy and fertility tests to dominate the urinalysis market in 2019.On the basis of test type, the urine analyser market is segmented into biochemical urinalysis, sediment urinalysis, and pregnancy & fertility tests.

In 2019, pregnancy & fertility tests are expected to account for the largest market share.

Growing use of these kits in home care settings is driving the growth of this segment.Download a PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153479294Hospitals & clinics expected to dominate the urine analysis market in 2019.By end user, the urine test market is segmented into hospitals & clinics, diagnostic laboratories, home care settings, and research laboratories & institutes.

In 2019, hospitals & clinics are expected to account for the largest share of 40% of the market.

The large share of this segment can be attributed to factors such as the rapidly growing aging population, the increase in reimbursements for clinical tests performed in hospitals, and the launch of automated urinalysis devices.North America commanded the largest share of the urinalysis systems market in 2019.On the basis of region, the urinalysis systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

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May 14, 2020 — Global Urinalysis Market size is expected to value at USD 2.14 billion by 2022.

The market is subject to witness a substantial growth due to the presence of large base of the target population and increasing demand for urinalysis because of unmet clinical needs in the under-developed regions across the globe.

Factors responsible for robust market growth of urinalysis industry include introduction of highly advanced diagnostic tools, increasing unmet clinical needs, and rising demand for cost-effective solutions.

Urinalysis plays a vital role as a diagnostic tool for the analysis and management of target diseases such as urinary tract infection (UTI) disorders, kidney diseases, and diabetes.

These factors are expected to drive market demand for urinalysis in the upcoming years.

The instruments urinalysis industry segment is further categorized into automated bio-chemical urine analyzer, semi-automated bio-chemical urine analyzer, urine sediment analyzer, and microscopic urine analyzer.