The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s urinalysis market report forecasts the urinalysis market size to grow to $4.51 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Urinalysis Market Report 2023 – https://www.thebusinessresearchcompany.com/report/urinalysis-global-market-report

Urinalysis Market Size Forecast
The global urinalysis market is expected to grow from $3.15 billion in 2022 to $3.40 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The urinalysis market size is expected to reach $4.51 billion in 2027 at a CAGR of 7.3%.

North America held the largest urinalysis market share.

Key Urinalysis Market Driver ­– Increase In The Geriatric Population
For instance, in September 2020, according to the United Nations Department of Economic and Social Affairs’ report, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050. Furthermore, in October 2021, according to published factsheet by World Health Organization, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Thus, the rising geriatric population is driving the urinalysis market.

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Key Urinalysis Market Trend – Technologically Advanced Instruments
Major companies operating in the market are advancing toward using artificial intelligence technology in urine analysis devices. For instance, in February 2022, Olive Diagnostics, an Israel-based health tech company providing diagnosis tools, launched Olive KG, a urinalysis sensor device that provides real-time health alerts and early detection for disease growth. This product is AI-powered and gives real-time urine analysis. The device measures red blood cells, proteins, ketones, nitrites, pH, volume, pressure, color, and urine frequency, among other things. The device has a toilet-mountable IoMT (Internet of Medical Things) device, which creates real-time personal data safeguarded by GDPR and HIPPA act criteria.

Urinalysis Market Segment
1) By Test Type: Pregnancy and Fertility Tests, Biochemical Urinalysis, Sediment Urinalysis
2) By Product: Consumables, Instruments
3) By Application: Urinary tract infections (UTI’s), Kidney Disease, Liver Disease, Diabetes, Hypertension, Other Applications
4) By End Users: Diagnostic Laboratories, Hospitals and Clinics, Home Care Settings, Research Laboratories and Institutes

Urinalysis Market Major Players and Strategies
Major players in the urinalysis market are Siemens Healthineers AG, Roche Diagnostics Ltd., Cardinal Health Inc., Abbott Laboratories, Danaher Corporation, Beckman Coulter Inc., Sysmex Corporation, ARKRAY Inc., ACON Laboratories Inc., Bio-Rad Laboratories Inc., URIT Medical Electronic Group Co Ltd., 77 Elektronika Kft, Thermo Fisher Scientific Inc., Teco Diagnostics, Mindray Medical International Limited, and Quidel Corporation.

In June 2022, Healthy.io Ltd., a US-based health care company providing remote clinical testing and services, acquired Inui Health for $9 million. Through this acquisition, Healthy.io Ltd gained smartphone diagnostics platforms and other at-home testing services that will increase the company’s growth in the smartphone diagnostic market. Inui Health is a US-based medical diagnostics company that provides consumers with urinalysis at home via smartphone.

The Urinalysis Global Market Report 2023 covers regional data on urinalysis market size, urinalysis market trends and drivers, opportunities, strategies, and urinalysis market competitor analysis. The countries covered in the urinalysis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A urinalysis, commonly referred to as a urine test, examines urine’s visual, chemical, and microscopic components. It involves examining urine’s appearance, concentration, and content. It includes a variety of tests that detect and measure various compounds that pass-through urine using a single sample of urine. The urinalysis is used to identify and manage a variety of illnesses, including diabetes, kidney disease, and urogenital infections.

View More Reports Related To The Urinalysis Market –
Nephrology And Urology Devices Global Market Report 2023
Urinary Stone Treatment Devices And Equipment Global Market Report 2023
Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment Global Market Report 2023

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