Urinalysis Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

 

Urinalysis Market
Urinalysis Market

Urinalysis is a crucial component of a regular health examination. Additionally, this diagnostic technique can find cells, casts, or chemicals in the urine sample that are specific to a given disease. Urinalysis is frequently used for fertility and pregnancy testing as well as early disease detection. The introduction of technologically advanced systems, rising health issues related to the ageing population, and the rising prevalence of kidney diseases and urinary tract infections worldwide are all expected to contribute to the market for urinalysis' rapid expansion. Additionally, integrated systems for urinalysis will offer numerous market players significant growth opportunities to take advantage of a larger customer base in this market.

The urinalysis market is broadly divided into consumables and instruments based on product. The consumables sector is anticipated to hold the largest market share in 2020. The expanding innovations in various urine test strips and test kits as well as the ongoing demand by end users for consumables that are user-friendly and affordable are some of the factors that have been attributed to this segment's largest share.

Over the forecast period, rising kidney disease prevalence is anticipated to fuel market growth for urinalysis tests worldwide. For example, over 850 million people worldwide have some form of kidney disease, based on data from the European Renal Association-European Dialysis and Transplant Association in 2018. The demand for urinalysis is also anticipated to increase as the geriatric population grows. For instance, the World Health Organization projects that by 2050, there will be 2 billion people who are elderly, up from 900 million in 2015.

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