Urinalysis Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Product (Consumables (Pregnancy & Fertility Kits; Dipsticks; Disposables; and Reagents), Instruments (Point of Care Urine Analyzers; Automated Biochemical Analyzers; and Semi-Automated Biochemical Analyzers); Application (Disease Screening (UTIs; Diabetes; Kidney Disease; Hypertension; Liver Disease; and Others); Pregnancy & Fertility Testing); End-User (Hospitals; Clinical Laboratories; Home Care; Research & Academics; and Others); and Region/Country

Pages:

154

Table:

44

Figure:

101

Report ID:

UMHE211511

Geography:

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Report Description
Table of content
Research Methodology

Report Description

Urinalysis Market
Urinalysis Market

Global Urinalysis Market is expected to grow at a significant rate of around 5.5% during the forecast period. Urinalysis is a laboratory test that enables the diagnosis of several kidney and urinary tract-related diseases and aid in the management of diabetes. It deals with the identification of the content, color, and concentration of urine. These tests have gained considerable momentum in today’s generation due to the higher adoption of a sedentary lifestyle. Moreover, companies in the market are rapidly launching new products which are also boosting the market’s growth during the forecast period. For instance, in February 2021, 77 Elektronika Kft. announced the launch of LabStrip U mALB/CREA urine test strips. The product is intended for the rapid and semi-quantitative recognition of creatinine and albumin compounds in native urine. Such advancements are expected to strengthen the company’s product offerings in the emerging markets.

Siemens Healthcare GmbH; F. Hoffmann-La Roche Ltd.; Bio-Rad Laboratories, Inc.; Abbott; Siemens Healthineers; ACON Laboratories, Inc.; Sysmex Corporation; Cardinal Health Inc.; Thermo Fisher Scientific; and Danaher Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product, instruments category to witness higher CAGR during the forecast period”

Based on product, the market is categorized into instruments and consumables. The instrument segment is expected to grow with high CAGR rates during the forecast period owing to the launch of new enhanced products in the global market. For instance, in September 2022, Olive Diagnostics launched Olive KG, which is the world’s first AI- and spectroscopy-based device, which performs high-quality analysis of important parameters in the patients’ urine in each urination, in a 100% passive way and without any need for additional accessories.

“Amongst application, disease screening category to hold the dominant share in the market”

Based on application, the market is categorized into disease screening and pregnancy & fertility testing. The disease screening segment due to the unmet need for the early diagnosis of the diseases, rise in prevalence of chronic diseases such as diabetes, and obesity, the rising aging population, and growing awareness for conducting regular health check-ups are some of the key factors driving the growth of the market.

“Amongst end-user type, the home care to witness higher CAGR during the forecast period”

On the basis of end-user, the urinalysis market is segmented into hospitals, clinical laboratories, home care, research & academics, and others. Home care is expected to witness higher CAGR rates during the forecast period due to the rising launch of home-based UTI kits. For instance, in August 2020, the TestCard launched non-invasive at home UTI test kit in the UK. The users can access testing results through the accompanying mobile app and share information with a healthcare professional. This test kit is available at a retail pharmacy at a cost of USD 12.06.

“North America to hold a significant share in the market”

In 2020, North America held a significant share of the global urinalysis market which is due to the increasing prevalence of chronic diseases associated with the rising awareness regarding the early diagnosis of the disease. For instance, according to the Centers for Disease Control and Prevention (CDC) in 2020, more than 15% of adults in the U.S. were estimated to have CKD. Apart from this, as per the data from National Diabetes Statistics, in 2020, around 34.2 million of the U.S. population had diabetes. Thus, the increase in the prevalence of such diseases that require frequent urine sample analysis will drive the growth of the market during the forecast period.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

Customization Options:

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation

 

2.1.Research Process of the Urinalysis Market
2.2.Research Methodology of the Urinalysis Market
2.3.Respondent Profile   

 

3MARKET SYNOPSIS

 

5IMPACT OF COVID-19 ON THE URINALYSIS MARKET

 

6URINALYSIS MARKET REVENUE (USD BN), 2020-2028F

 

7.1.Consumables   
 7.1.1. Pregnancy & Fertility Kits 
 7.1.2. Dipsticks   
 7.1.3. Disposables   
 7.1.4. Reagents  
7.2.Instruments   
 7.2.1.Point of Care Urine Analyzers 
 7.2.2.Automated Biochemical Analyzers
 7.2.3.Semi- Automated Biochemical Analyzers
8.1.Disease Screening 
 8.1.1. UTIs 
 8.1.2. Diabetes 
 8.1.3. Kidney Disease
 8.1.4. Hypertension
 8.1.5. Liver Disease 
 8.1.6. Others  
8.2.Pregnancy & Fertility Testing

 

9.1.Hospitals  
9.2.Clinical Laboratories
9.3.Home Care 
9.4.Research & Academics
9.5.Others  

 

10.1.North America    
 10.1.1.U.S.  
 10.1.2.Canada  
 10.1.3.Rest of North America
10.2.Europe    
 10.2.1.Germany  
 10.2.2.U.K.  
 10.2.3.France  
 10.2.4.Italy  
 10.2.5.Spain  
 10.2.6.Rest of Europe 
10.3.Asia-Pacific   
 10.3.1.China  
 10.3.2.Japan  
 10.3.3.India  
 10.3.4.Rest of Asia-Pacific 
10.4.Rest of World   

 

11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis

 

12URINALYSIS MARKET OPPORTUNITIES

 

13URINALYSIS MARKET TRENDS

 

14.1.Demand Side Analysis
14.2.Supply Side Analysis
15VALUE CHAIN ANALYSIS

 

16.1.Competitive Landscape
 16.1.1.Porters Fiver Forces Analysis
17.1.Siemens Healthcare GmbH
17.2.F. Hoffmann-La Roche Ltd.
17.3.Bio-Rad Laboratories, Inc.
17.4.Abbott  
17.5.Quidel Corporation 
17.6.ACON Laboratories, Inc.
17.7.Sysmex Corporation
17.8.Cardinal Health Inc. 
17.9.Thermo Fisher Scientific
17.10.Danaher Corporation

 

18DISCLAIMER

 

Research Methodology

Research Methodology for the Urinalysis Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global urinalysis market were the three major steps undertaken to create and analyze the adoption of urinalysis in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global urinalysis market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the urinalysis market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the urinalysis market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the urinalysis market. Further, we conducted factor analysis using dependent and independent variables such as various product, application, and end-user. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the urinalysis market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global urinalysis market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the urinalysis market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global urinalysis market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Urinalysis Market
Urinalysis Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global urinalysis market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, application, and end-user in the global urinalysis market.

The main objective of the Global Urinalysis Market Study

The current & future market trends of the global urinalysis market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the urinalysis market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, application, and end-user.
  • Define and analysis of the regulatory framework for the urinalysis industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the urinalysis market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the urinalysis market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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