Urinalysis is a laboratory test that examines urine. It is the process use to diagnose or detect the presence of disease or disorder by physical, chemical and microscopic evaluation of urine. Urinalysis is carried out to detect wide range of disorder like kidney disease, urinary tract infection, liver problems, diabetes and other metabolic conditions. A healthcare practitioner correlate the urinalysis results with a person's symptoms and clinical findings. Cloudiness, brown or red color appearance in the urine may indicate presence of some abnormality. The test detect the abnormalities that may require further investigation and treatment. However there are certain kits present in the market for urinalysis but are not fully countable because the test requires some additional equipment’s and technical skills to diagnose particular disorder or disease. Certain kits which is available in the market used to carry out the examination of the urine like pH, glucose, and ketones.
On the basis of the product type, the market of the urinalysis is segmented into instrumental and consumables. The instruments segment has been categorized into portable analyzers, microscopy analyzers or sediment analyzers, and chemistry analyzers. Consumables have been further segmented into reagent strips (dipstrips), plastic consumables, and other chemical reagents. The consumables segment is expected to grow due to increase in use of disposables for urinalysis. On the basis of application, the urinalysis market segmented as disease diagnostics and pregnancy test. Disease diagnostic segment is expected to grow due to increase in incidence rate of chronic diseases like diabetes and urinary tract infection. Based on test type, the urinalysis market has been segmented into macroscopic, biochemical, and microscopic. End-users in the urinalysis market are hospitals, diagnostic laboratories, clinics, and others (industrial, home testing, nursing facility, etc.). In hospitals and diagnostic laboratories the increase in usages of the dipstick for diagnosis of chronic disease like urinary tract infection is major factor driving the growth of urinalysis market
Technological advancement (automated diagnostic tools and semi-automated tools) is a major factor driving market growth. For instance, in July 2016, Transasia Bio-Medicals Ltd., launched the Laura XL System, fully-automated urine chemistry and sediment analyzer. However inadequate healthcare facilities and infrastructure and high cost of diagnosis are the factors restraints the adoption of latest diagnostic tools for urinalysis.
On the basis of the geography North America held the dominant share of the global urinalysis market due to presence of key players, increase in incidence rate, and availability of developed healthcare infrastructure & advanced medical support. Addition to it, introduction of the automated and semi-automated diagnostic tools such as fluorescence flow cytometer and high healthcare expenditure boost the urinalysis market growth in North America. Europe hold the second position in urinalysis market due to increase in geriatric population. Asia Pacific is emerging market due to the developing healthcare infrastructure, rising government expenditure in the healthcare industry, and increase in patient pool. The refurbished medical equipment market in Latin America is also likely to experience significant market growth. In Middle East and African countries the development of the healthcare project and economy helps to boost the urinalysis market.
The major key players in the urinalysis market include Arkray Inc., Beckman Coulter Inc., Roche diagnostic, Simen Healthcare Pvt Ltd., Transasia Bio-Medicals Ltd. and Sysmex Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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