North America held major market share during 2018-2023
North America holds major market share during the forecast period as far as global Urinalysis Market is concerned, owing to the rising healthcare expenditure coupled with growing number of geriatric population with kidney diseases and urinary tract infections. The market is more prevalent in the countries of the U.S., Japan, and South America. The key end user markets in Americas region are Hospitals, Clinical Laboratories, Home Healthcare, Research, and Academics. Americas Market is anticipated to reach $561million by 2023 with a CAGR of 4.4%.
Selected Market Share Analysis done in the full report:
The major factors driving the growth of this market are rising prevalence of kidney diseases and urinary tract infections, rising number of geriatric populations and so on.
Rise in the emergence of portable and battery-operated urinalysis devices coupled with the increase in the adoption of urinalysis techniques in emerging economies such as China, India and some others are projected to create new opportunities for the urinalysis market.
The market for urinalysis market is fragmented and the top five companies constitute only 46% share in the total market, globally.
Acquisitions, product launches and partnerships are the key strategies adopted by the companies to enhance their market share.
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Excerpts Market Growth Factors Mentioned in the Full Report:
Urinalysis Market is experiencing growth globally, owing to the current technological advancements coupled with the increasing adoption rate of point-of-care urinalysis devices for different applications.
The major factors driving the growth of this market are rising prevalence of kidney diseases and urinary tract infections, rising number of geriatric populations and so on. Also, the continuous innovation by the existing top companies has been impacting the market growth.
Point-of-Care devices is estimated to be the fastest growing segment in the Urinalysis Market with a CAGR of 7.3% during the forecast period.
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Key players of Urinalysis Market:
F. Hoffman LA Roche Ltd, Sysmes Corportation, Siemens Healthcare, Beckman Coulter Inc., are few of the key players in Urinalysis Market.
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