A urinalysis is a test thatmeasures elements found in urine, such as electrolytes, hormones, or wasteproducts of metabolism. It is also called urine test and involves a number oftests to detect and measure various compounds that pass through the urine.
The global urinalysismarket is estimated to account for US$ 1,249.0 Mn in terms of value and isexpected to reach US$ 1,779.9 Mn by the end of 2027.
Global Urinalysis Market: Drivers
Approval and launch of newproducts is expected to propel growth of the global urinalysis market over theforecast period. For instance, in January 2019, Bio-Rad Laboratories, Inc.launched, qUAntify Advance Control, an independent quality control used inclinical labs while performing urine test.
Global Urinalysis Market:Opportunities
Adoption of electronic nose inurinalysis is expected to offer lucrative growth opportunities for players inthe global urinalysis market. For instance, in May 2020, researchers from VrijeUniversiteit Amsterdam, The Netherlands, reported that in an intention-to-diagnosehigh-risk pediatric population, urinary tract infections could be discriminatedfrom non- urinary tract infection by volatile organic compounds profiling,using an electronic nose.
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Global Urinalysis Market:Restraints
Laboratory staff shortage isexpected to hinder growth of the global urinalysis market. Such scenario ismajorly present in emerging economies.
Key Takeaways:
The global urinalysis market wasvalued at US$ 1,183.7 Mn in 2019 and is forecast to reach a value of US$1,779.9 Mn by 2027 at a CAGR of 5.2% between 2020 and 2027. Major factordriving the growth of global Urinalysis market during the forecast periodinclude increasing prevalence of kidney diseases, and increasing geriatricpopulation.
Consumables held dominant positionin the global urinalysis market in 2019, accounting for 67.5% share in terms ofvolume, followed by Instruments. Increasing test volume is expected to supportgrowth of the consumables segment over the forecast period.
Market Trends
High prevalence of urinary tractinfections is expected to propel growth of the global urinalysis market. Forinstance, according to the study “Prevalence of Bacterial Urinary TractInfections and Associated Factors among Patients Attending Hospitals inBushenyi District, Uganda”, published in February 2019, the prevalence ofurinary tract infections was 32.2% among the study.
Major players in the globalurinalysis market are focused on adopting partnership strategies to enhancetheir market share. For instance, in August 2020, Sysmex America, Inc.announced an exclusive agreement with Siemens Healthineers that grants NorthAmerican rights to distribute and service Siemens Healthineers CLINITEK NovusAutomated Urine Analyzer for hospital and reference laboratory use.
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Global Urinalysis Market:Competitive Landscape
Major players operating in theglobal urinalysis market include, e Alere, Bio-Rad Laboratories, Inc., RocheDiagnostics, Mindray, Healthy.io, Arkray, Inc., Sysmex America, Inc., BeckmanCoulter, and Siemens Healthcare.
Global Urinalysis Market: KeyDevelopments
Major players in the globalurinalysis market are focused on raising funds to expand their productportfolio. For instance, in September 2019, Healthy.io raised US$ 60 million ina Series C funding round led by Corner Ventures.
Major players in the market arealso focused on adopting partnership strategies to expand their productportfolio. For instance, in 2018, Beckman Coulter and U.S. Arkray, Inc.,announced a partnership and introduced iQ Urinalysis Workcell, an automated urineanalyzers in the US.
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