Urinalysis market 2019 Share, Trend, Segmentation and Forecast to 2025
Category: #health  By Partha Ray  Date: 2019-08-09
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Urinalysis market 2019 Share, Trend, Segmentation and Forecast to 2025

Urinalysis market size was valued at over USD 1 billion in 2015, and is set to exceed USD 2.1 billion by 2023. Government initiatives to improve the health index accompanied by growing medicinal awareness are forecast to stimulate global urinalysis market growth. U.S. urinalysis market spurred North American industry revenue to over 510 million in 2015. Automated urine sediment analyzers amenities such as fluorescence flow cytometry and digital imaging (morphology) along with increase in medical spending were the chief growth drivers.

Asia Pacific urinalysis market share may witness growth of over 7% CAGR up to 2023, mainly due to demand across India and China. Increase in advanced urine analyzers adoption coupled with large number of untapped population is forecast to present attractive growth opportunities.

Urinalysis test is a convenient and effective method to analyze urine sample to detect diabetes, urinary tract infection, and kidney disease. This test is also conducted to identify back pain, painful urination and abdominal pain symptoms. Rising kidney diseases owing to change in food consumption habits accompanied by growing concerns from geriatric population are among major industry drivers.

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Instruments and consumables are the two key product types. Consumables segment led global revenue; increasing test strips and reagents usage due self awareness were the key reasons to influence demand. Dipstick, disposables and reagents are the major consumables in the industry.

Point of care and self testing growth owing to advanced automated testing is projected to fuel home-based analysis growth. This segment is set to witness approximately 7% CAGR up to 2023.

Middle East & Africa urinalysis market is at a nascent stage; rising health consciousness and regulatory shift in focus towards resolving unmet medical needs is projected to result in considerable growth potential.

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Affordable Care Act (ACA) scheme implementation in the U.S. is forecast to result in insurance coverage of more than 18 million people in the coming years. Government policies to promote health awareness accompanied by health insurance industry expansion may positively influence growth.

Inadequate healthcare facilities and infrastructure in underdeveloped countries are growth restraints. However, low urinalysis market price trend is forecast to meet the growing demand from low-income countries; and enhance demand in untapped regional industries due to the presence of large population.

 More info about Urinalysis [email protected] https://www.marketwatch.com/press-release/urinalysis-market-2019---industry-analysis-size-share-strategies-and-forecast-to-2025-2019-07-15

Global urinalysis market share is predicted to mainly be driven by mergers & acquisitions and collaboration to expand regional presence. Key companies include Alere, Bio-Rad, ARKRA, Mindray, Sysmex, Roche Diagnostics, and Siemens Healthcare.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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