January 13, 2021 07:15 ET | Source: Detailed market research Pvt. Pvt. Ltd. meticulous market research. Limited company
London, January 13, 2021 (GLOBE NEWSWIRE) – In its latest publication, titled “Urinalysis market by product (pregnancy and fertility tests, test strips, reagents, automatic, semi-automatic, POC analyzers) ), applications (pregnancy, diabetes, kidney disease, UTI), end users (hospitals and clinics, laboratories, home care)-global forecast by 2027″, Meticulous Research® points out that the urinalysis market is expected to grow by 4.5% The compound annual growth rate will increase to reach 2.19 billion US dollars by 2027 by 2020.
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Urinalysis is a laboratory test that enables clinicians to spot problems that can be observed through urine tests. Many diseases and disorders, such as diabetes and kidney disease, can affect the body and hinder the excretion of waste and toxins. In some cases, urinalysis can reveal various diseases, which may go unnoticed due to the lack of obvious symptoms, such as glomerulonephritis and chronic urinary tract infection. Urinalysis is usually performed before surgery as a preliminary examination or routine physical examination during pregnancy.
The growth of the entire urinalysis market is mainly driven by the global increase in the prevalence of kidney disease and urinary tract infections, the growing elderly population, the introduction of technologically advanced diagnostic methods, and the increasing popularity of urinalysis immediate care equipment. However, the existence of an ambiguous regulatory framework is expected to hinder the growth of this market.
Initially, the technology was considered a necessary, labor-intensive procedure that could provide clinicians with valuable but limited information. However, in recent years, various innovations have been introduced, and new technologies have been integrated to improve the clinical results of this technology with high-precision testing instruments and reagents. Recently, a new generation of analyzers that integrate and automate two main functions have been introduced: chemistry and micro-particle analysis. For example, UN-2000 is an integrated system manufactured by Sysmex Corporation (Japan). It has a urine analysis digital imaging system UD-10 and a fully automatic urine particle analyzer UF-5000 to improve the efficiency of urine particle analysis. AVE Technology Co., Ltd. (China) produces the AVE-772 integrated urine analyzer, which is a combination of a gold forming element analyzer and a urine analyzer. The system can analyze 11-14 parameters in samples through microscopic cell measurement, including red blood cells, white blood cells, epithelial cells, crystals, casts, mucus, yeast, and bacteria. Significant progress has been made by improving the quantitative reading of urine test paper, integrating dilution parameters in the test paper reader, and using reflectometer and complementary metal oxide semiconductor (CMOS) technology to improve analysis sensitivity.
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The urine analysis market studied in this report is based on product types {consumables (pregnancy and fertility tests, test strips, etc.), instruments (automatic urine analyzers and instant analyzers)}, applications {disease screening and pregnancy and fertility Subdivision testing} and end users (hospitals and clinics, diagnostic laboratories, home care environments, and research laboratories and research institutes).
Depending on the type of product, the consumables segment is expected to dominate the entire urine analysis market. The main share of this market segment is mainly attributed to the frequent adoption of various consumables because of their cost-effectiveness, ease of use and wide availability; and the innovation of consumables used in urine analysis procedures.
From the application point of view, the disease screening sector will dominate the entire urine analysis market in 2020. The main share of this sector is mainly due to the increasing incidence of various diseases, the increasing emphasis on early detection and prevention of diseases, and the continuous introduction of disease screening products by urinalysis.
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Based on end users, hospitals and clinics will account for the largest share of the overall urine analysis market in 2020. The high purchasing power of hospitals and clinics, well-equipped surgery and diagnosis rooms, the presence of highly skilled personnel, and other factors such as healthcare professionals, convenience, and better health coverage from various private and group insurance plans support this market segment The largest share. On the other hand, due to the latest innovations in point-of-care equipment and the availability of home kits that analyze urine in home care environments, the home care environment segment is expected to grow at the highest compound annual growth rate during the forecast period.
Geographically, the global urine analysis market is divided into five main regions, namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, and further analysis of the major countries in these regions. North America will account for the largest share of the global urine analysis market in 2020, followed by Europe and the Asia-Pacific region. The majority of North America’s share is mainly attributable to the increase in kidney disease cases in the region, high investment in healthcare facilities, and increasing government support for research activities. However, due to accelerating economic growth, increasing population aging in the region, government investment in improving medical infrastructure, and increased investment by major market participants in the country, the Chinese market is expected to grow at the fastest compound annual growth rate during the forecast period.
Some of the major players operating in the global urine analysis market are Bio-Rad Laboratories, Inc. (USA), Danaher Corporation (USA), F. Hoffmann-La Roche AG (Germany), Siemens Healthineers AG (Germany), Sysmex Corporation (Japan), ARKRAY, Inc. (Japan), ACON Laboratories, Inc. (USA), Cardinal Health, Inc. (USA), Urit Medical Electronic Group Co., Ltd. (China) and 77 Elektronika Kft. (Hungary) Wait.
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Post time: Jul-26-2021