Sarasota, FL, Sept. 20, 2016 (GLOBE NEWSWIRE) — Zion Research has published a new report titled “Urinalysis Market (Consumables, Instruments) for Kidney Diseases, Hypertension, Urinary Tract Infection, Diabetes, Liver Diseases and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for urinalysis market was valued at around USD 1.35 billion in 2015 and is expected to generate revenue of around USD 1.88 billion by end of 2021, growing at a CAGR of around 6.2% between 2016 and 2021.
Urinalysis is the analysis of urine to diagnose various health disorders. It may be used to screen for and/or help diagnose conditions such as urinary tract infections, kidney disorders, liver problems, diabetes or other metabolic conditions. Urinalysis helps in detection of abnormalities which might require additional testing and follow-up investigation.
Browse 27 Market Tables and 22 Figures spread through 110 Pages and an in-depth TOC on “Urinalysis Market: Global Size, Shares, Trends, Segment & Forecast to 2021”
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Global urinalysis market is primarily driven by growing incidences of target disease such as kidney disorders, liver problems, diabetes. Other major driving factors for the growth of urinalysis market are growing geriatric population coupled along with the introduction of technologically advanced diagnostics. However, strict government regulations implied on this industry and lack of healthcare infrastructure are major restraints that may curb the growth of the market. Nonetheless, the huge base of the target population and unmet clinical needs in under developed countries is likely to disclose the new avenues for urinalysis market in the near future.
The urinalysis market is segmented on the basis of different products including consumables, instruments. In 2015, consumables segment was the largest segment in urinalysis market and accounted for largest share of the total market. Reagents, dipstick, and disposables are the major consumables used in urinalysis. Additionally, it is expected to continue its dominance and be the fastest growing segment in the global market over the forecast period.
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Kidney diseases, hypertension, urinary tract infection, diabetes, liver diseases, and others are the key applications segment of the global urinalysis market. The urinary tract infections (UTI) application segment dominated the market in terms of revenue. Urinary tract infections (UTI) application segment hold more than 20% share of urinalysis market. Kidney diseases, hypertension, and diabetes are other major application segments of urinalysis market.
North America represents developed regional markets for urinalysis and expected to see the stable growth through the next few years. North America holds more than 40% share of global urinalysis market. Growing geriatric population coupled along with the occurrence of target disease such as diabetic retinopathy and chronic diseases are driving urinalysis industry in this region. Moreover, advanced healthcare infrastructure and high disposable income in this region are expected further boost the demand for urinalysis market in North America.
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Europe is the second largest market for urinalysis. The increase in number of elderly population in this region is expected to drive urinalysis market. Asia Pacific is another leading regional market and is expected to be the fastest regional segment for the urinalysis market within the forecast period. In Asia, China and India will continue to be the fastest growing markets in urinalysis market as a result of increasing health awareness and disposable income in this region.
As a result of increasing health awareness in Brazil, Latin America regional market is expected to grow at a noticeable growth rate in the global urinalysis market. The Middle East & Africa is expected to grow at a moderate growth rate during the forecast period.
Some of the key players in urinalysis market include Mindray, Roche Diagnostics, Siemens Healthcare, Sysmex, ARKRAY Inc., Alere Inc., ACON Laboratories, Inc., Bio-Rad, Labomed, Inc. Teco Diagnostics and Unit Medical., among others.
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This report segments the global urinalysis market as follows:
Global Urinalysis Market: Product Segment Analysis
Global Urinalysis Market: Application Segment Analysis
Global Urinalysis Market: Regional Segment Analysis
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