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    Urinalysis Market Report

    Urinalysis Market Report
    Report code - SR1613 Delivery - 2 Weeks
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    Urinalysis Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
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    Impact of COVID-19 on Urinalysis Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Urinalysis Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    What is urinalysis?

    Urinalysis is defined as a test of urine. Some of the commonly used products to test urine include dipsticks, reagents, disposables, biochemical urine analyzers, and automated urine sediment analyzers among others. It is being used in various applications such as pregnancy, diabetes, kidney disease, and UTI.

    The Urinalysis Market is projected to grow from USD 3.2 billion in 2020 to USD 4.6 billion by 2026 at a CAGR of around 6.1% during the forecast period.

    Urinalysis Market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    USD 3.2 billion

    Market Size in 2026

    USD 4.6 billion

    Market Growth (2021-2026)

    6.1% CAGR

     

    Figure: Urinalysis Market Size, 2020-2026 (USD Billion)

    Urinalysis-Market-Forecast

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    Market Drivers

    The growth of the urinalysis market is primarily driven by the increasing incidence of chronic kidney diseases. Expanding geriatric populace and rising number of urine tests are likely to bolster the growth of the urinalysis market at a significant rate during the review period. In addition to this, growing emphasis on the development of advanced products is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    COVID-19 Impact on Urinalysis Market

    The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the urinalysis market negatively as supply disruptions affected the product availability in the market. 

    Segments' Analysis

    End-User Trends

    By end-user, the urinalysis market has been bifurcated into hospitals and clinical laboratories, diagnostics laboratories, research laboratories and institutes, and home care settings. The hospitals & clinical laboratories segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the established presence of healthcare infrastructure and skilled staff.

    Regional Trends

    By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to increasing investment in the development of advanced products to conduct urine tests coupled with expanding geriatric populace and the presence of key market players such as Beckman Coulter Inc. (US) and ACON Labs Inc. (US). The market growth in Asia-Pacific is expected to be driven by an increasing number of people suffering from chronic lifestyle diseases such as diabetes.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Urinalysis market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

    • What are the key trends in the Urinalysis market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Urinalysis market?
    • What are the key strategies adopted by the major vendors to lead in the Urinalysis market?
    • What is the market share of the top vendors?

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    Key Players

    Key players operating in the Urinalysis market are-

    • Siemens Healthineers AG (Germany)
    • F. Hoffmann-La Roche AG (Switzerland)
    • Beckman Coulter Inc. (US)
    • Sysmex Corporation (Japan)
    • Arkray (Japan)
    • ACON Labs Inc. (US)
    • Bio-Rad Laboratories, Inc. (US)
    • 77 Elektronika Kft (Hungary)
    • Mindray Medical International Limited (China)
    • URIT Medical Electronic Co., Ltd. (China).

    Target Audience

    Here is the list of the group of customers that the urinalysis market hopes to have the greatest opportunity to convert-

    • Urinalysis distributors
    • Urinalysis suppliers
    • Urinalysis manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The urinalysis market is expected to witness an impressive growth in the coming years.

    Siemens Healthineers AG (Germany), F. Hoffmann-La Roche AG (Switzerland), Beckman Coulter Inc. (US), Sysmex Corporation (Japan), Arkray (Japan), ACON Labs Inc. (US), Bio-Rad Laborato-ries, Inc. (US), 77 Elektronika Kft (Hungary), Mindray Medical International Limited (China), and URIT Medical Electronic Co., Ltd. (China) are among the key players in the urinalysis market.

    The urinalysis market size is expected to reach USD 4.6 billion in the foreseeable future.

    The hospitals & clinical laboratories segment is expected to register significant growth in the urinalysis market in the next five years.

    North America accounted for the largest share in the urinalysis market in 2020.

    Urinalysis distributors, Urinalysis suppliers, Urinalysis manufacturers, Logistics organizations, Government bodies are the target audience in the urinalysis market.

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