Global Urinalysis Market: Snapshot
The global market for urinalysis has been growing at a fast rate due to increased incidence of diabetes among people across the globe. On a global scale, the major cause of end-stage renal disease and kidney failure is diabetes. The International Diabetes Federation (IDF) found that approximately 338 million new cases of diabetes were recorded in 2014, while as many as 3.2 million suffered from end-stage renal disease (ESRD) in 2015.
Urinalysis is a set of tests for detecting some common diseases such as kidney disorders, diabetes, liver problems, and urinary tract infections. The test consists of several microscopic, visual, and chemical examinations that identify cells, levels of creatinine, epithelial cells, and substances such as casts or crystals in the urine. These detections are crucial in the process of disease diagnosis. These tests are also conducted during routine pregnancy check-ups, when one is admitted to the hospital, and even before a surgery.
The global market for urinalysis is expected to grow steadily with a CAGR of 5.4%. In 2015, the market was valued at US$929.9 mn, which will rise to US$1.5 bn by the end of 2024.
By Test Setting, Laboratory-based Segment to Continue to Grow
In terms of test setting, the urinalysis market was dominated by the laboratory-based segment in 2015 and is expected to continue to hold its dominant position over the coming years. This development is due to the increasing geriatric population, increased frequency of unhealthy lifestyles, and growing incidence of infectious diseases worldwide.
On the basis of type of test, the biochemical segment lead the urinalysis market in 2015, on account of the widely accepted usage of dipsticks (reagent strips) that detect the presence of constituents in urine. Also, it is convenient to operate this technique as it is readily available. The hospital segment leads the market in terms of end users in the global market for urinalysis.
Among the key products in the urinalysis market, consumables occupy the foremost position. High rate of acceptance of single-use, rigid, and sterile disposable products is boosting the growth of this segment. Under the consumables segment, plastic consumables will emerge as a terrain for immense opportunities.
Japan at Headmost Position in Asia Pacific Segment
Among the key geographical segments, it was North America that led the global market in 2015, accounting for a nearly 30.0% share. The U.S. is home to around 26 million kidney patients, according to the findings of National Kidney Foundation. Increasing incidence of urinary tract infections in the U.S. is also responsible for the expansion of the urinalysis market in North America. Latin America, too, will grow at an impressive CAGR between 2016 and 2024. The key reasons for growth are favorable government policies, massive population base, and a large patient pool.
Asia Pacific is projected to be a major market furnishing lucrative opportunities, with Japan at the foremost place. An increase in aging population, rapid industrialization, growing number of laboratory diagnosis tests, and high adoption of point-of-care testing have been the major reasons for Japan’s rise as a key regional market. Apart from Japan, India and China are also expected to expand their urinalysis market on account of numerous infrastructural development projects.
The major companies in the global urinalysis market include Danaher Corporation (Beckman Coulter, Inc.), ARKRAY, Inc., Sysmex Corporation, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., Siemens Healthineers, 77 Elektronika Kft, and Mindray Medical International Limited.
Urinalysis Market: Scope and Methodology
Urinalysis is the detailed analysis of urine to diagnose and treat certain diseases. Urinalysis is performed on small amount of fresh urine and various physical and chemical parameters are observed. In order to perform urinalysis, various urine analyzers are used with consumables, reagent strips, and various chemicals.
A detailed overview of market dynamics, including the drivers, restraints, and opportunities of the urinalysis market, has been provided in this report. Market revenue for all the above mentioned segments and their sub-segments has been provided for the forecast period from 2016 to 2024, considering 2015 as the base year and 2014 as the historical year, along with compound annual growth rate (CAGR %) for the forecast period from 2016 to 2024. Market share estimations were based on in-depth analysis and study of products, and their features, prices etc. Pricing analysis, for every region has been provided considering the average selling prices (ASP) of products in these regions.
This report provides in-depth analysis of the urinalysis market. The stakeholders for this report include companies engaged in the manufacture of urine analyzer devices and consumables. For providing a snapshot of this market to the stakeholders, the executive summary section is included in this report, which summarizes the market size, trends, and competition in different regions. Market share analysis among the market players is analyzed to signify percentage share of the major players operating in the urinalysis market. Furthermore, the report incorporates market attractiveness analysis by geography that depicts the most attractive and significant region in the global market in 2015.
The research methodology is a combination of primary and secondary researches. Primary research includes information collected via e-mails and telephonic interviews of key opinion leaders (KOL) and forms the bulk of our research. Secondary research includes information collected from various sources, study of company websites, annual reports, stock analysis presentations, press releases, and various national and international databases.
Urinalysis Market: Segmentation
Based on product type, the global urinalysis market has been segmented into instruments and consumables. The instruments segment has been categorized into chemistry analyzers, microscopy analyzers/sediment analyzers, integrated chemistry and sediment analyzers, and portable analyzers. Consumables have been further segmented into plastic consumables, reagent strips (dipstrips), and other chemical reagents. Based on test type, the urinalysis market has been segmented into macroscopic, biochemical, and sediments/microscopic. Based on test setting, the urinalysis market has been segmented into point-of-care and laboratory-based. End-users in the urinalysis market are hospitals, independent laboratories, physician practices, and others (industrial, institutions, home testing, nursing facility, etc.)
Based on geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Rest of the World. The regions are further segmented into major countries which include, the U.S., Canada, Germany, the U.K., France, Italy, Spain, Rest of Europe, China, Japan, India, Australia, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, South Africa, Middle East & Africa, and Russia.
Urinalysis Market: Competitive Landscape
The report also comprises list of major players in the market, their SWOT analysis, market share of these players in the urinalysis market, key business strategies, product portfolios, and recent developments. Key market players profiled in this report include, ARKRAY, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation (Beckman Coulter, Inc.), F. Hoffmann-La Roche Ltd., Mindray Medical International Limited, Siemens Healthineers, Sysmex Corporation, and 77 Elektronika Kft.
The global urinalysis market has been segmented as follows:
Global Urinalysis Market, by Product Type
- Chemistry Analyzer
- Microscopy Analyzers/Sediment Analyzer
- Integrated Chemistry and Sediment Analyzer
- Portable Analyzers
- Plastic Consumables
- Reagent Strips (dipstrips)
- Other Chemical Agents
- Global Urinalysis Market, by Test Type
- Global Urinalysis Market, by Test Setting
- Global Urinalysis Market, by End-user
- Independent Laboratories
- Physician Practices
- Global Urinalysis Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Rest of the World
- Middle East
- South Africa
- Rest of ROW
- North America