Urinalysis Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The present report mentions that the Urinalysis Market is projected to grow from USD 3.2 billion in 2020 to USD 4.6 billion by 2026 at a CAGR of around 6.1% during the forecast period.
The growth of the urinalysis market is primarily driven by the increasing incidence of chronic kidney diseases. Expanding geriatric populace and rising number of urine tests are likely to bolster the growth of the urinalysis market at a significant rate during the review period. In addition to this, growing emphasis on the development of advanced products is likely to create lucrative opportunities for the players operating in the global market in the coming years.
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Market Segments' Analysis
According to Stratview Research, the Urinalysis Market is segmented By Product (Consumables, Instruments), Application (Pregnancy, Diabetes, Kidney Disease, UTI), End User (Hospitals and Clinical Laboratories, Diagnostics Laboratories, Research Laboratories and Institutes, Home Care Settings), and Region.
By end-user, the urinalysis market has been bifurcated into hospitals and clinical laboratories, diagnostics laboratories, research laboratories and institutes, and home care settings. The hospitals & clinical laboratories segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the established presence of healthcare infrastructure and skilled staff.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to increasing investment in the development of advanced products to conduct urine tests coupled with expanding geriatric populace and the presence of key market players such as Beckman Coulter Inc. (US) and ACON Labs Inc. (US). The market growth in Asia-Pacific is expected to be driven by an increasing number of people suffering from chronic lifestyle diseases such as diabetes.
Top key vendors in the market:
The report mentions a list of key players in the Urinalysis Market. Some of them are mentioned below –
· Siemens Healthineers AG (Germany)
· F. Hoffmann-La Roche AG (Switzerland)
· Beckman Coulter Inc. (US)
· Sysmex Corporation (Japan)
· Arkray (Japan)
· ACON Labs Inc. (US)
· Bio-Rad Laboratories, Inc. (US)
· 77 Elektronika Kft (Hungary)
· Mindray Medical International Limited (China)
· URIT Medical Electronic Co., Ltd. (China).
Key Questions Answered in The Report:
- Which region will show the higher and rapid growth?
- Who are the top key players of the Urinalysis Market?
- How will the market change in the upcoming five years?
- What was the impact of Covid19 on the market?
- Which application/ service/product will take a lion's share of the market?
- What are the market drivers and constraints?
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