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Regionally, North America is estimated to continue its dominance over the global market for urinalysis due to the increase in incidence of chronic diseases related to kidney and a rising ageing population in the region. Furthermore, expansion of the key market players in the region and increasing healthcare expenditure are some of the promising factors fuelling the growth of this market. On the other hand, the Asia Pacific is likely to witness the fastest growth in terms of CAGR over the forecast period. This trend is aided by the extensive penetration of improved urine analysers in the healthcare sector and the growing market leaders in the region.
The industry for urinalysis has multiple key segments on the basis of product type, applications, and end uses. By product, automated analyser booked for a significant market share owing to the rising incidences of chronic diseases like diabetes, urinary tract infection (UTI), among others, and the associated growing awareness regarding self-diagnosis and regular health check-ups. Likewise, based on its applications, urinalysis is found to have substantial use in the diagnosis of UTI, majorly due to the hospital-acquired urinary tract infections, mainly in females, and efficient diagnosis by urinalysis. By end uses, the segment of clinical laboratories is expected to continue its market position over the forecast period due to the high procedure volumes associated with these establishments.
The market is being driven by the expansion strategies being employed by the industry key players, such as Abbott Laboratories (NYSE: ABT) and Sysmex Corporation. In August 2020, Sysmex America, Inc. publicly declared its collaboration via a mutual agreement with Siemens Healthineers which was expected to grant rights for the distribution of CLINITEK Novus Automated Urine Analyzer for hospital and clinical laboratory use. Such developments in the industry are expected to further the market growth.
Market Analysis by Product, Application, End Use, and Region:
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The major players in the global urinalysis market are Abbott Laboratories, Sysmex Corporation, ACON Laboratories Inc., Bio-Rad Laboratories Inc., and ARKRAY Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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