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

As per The Business Research Company’s Urinalysis Global Market Report 2023, the urinalysis market is expected to show significant growth in the forecast period.

Key insights from the urinalysis market forecast include:

1. Market Size

The global urinalysis market is forecasted to rise from $3.15 billion in 2022 to $3.40 billion in 2023, with a 7.7% CAGR. By 2027, it is anticipated to reach $4.51 billion, showing a 7.3% CAGR.

2. Major Driver

The urinalysis market is boosted by the increasing geriatric population, referring to individuals aged 65 and older. The demographic faces heightened disease risks due to age-related factors and weakened immunity. Aging elevates susceptibility to urinary tract infections (UTI) among seniors. Urinalysis assesses urine’s visual, chemical, and microscopic elements, aiding in disease detection and management like diabetes, kidney issues, and urogenital infections. According to the United Nations Department of Economic and Social Affairs’ September 2020 report, the 65+ population is projected to increase from 9.3% in 2020 to approximately 16.0% in 2050. Furthermore, the World Health Organization’s October 2021 factsheet estimates 1.4 billion individuals aged 60 and above by 2030, up from 1 billion in 2020. Hence, the growing geriatric population drives the urinalysis market.

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

3. Key Trend

Technological advancements, particularly AI integration, are a prominent trend in the urinalysis market. Leading companies like Olive Diagnostics have launched AI-powered devices such as the Olive KG, providing real-time urine analysis for health alerts and disease detection. The device measures various parameters like red blood cells, proteins, ketones, nitrites, pH, volume, pressure, color, and urine frequency. It features a toilet-mountable IoMT (Internet of Medical Things) device that ensures real-time data privacy compliance with GDPR and HIPPA criteria.

4. Largest Region

North America was the largest region in the urinalysis market in 2022.

5. Major Players

Major players in the food diagnostics 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.

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Key Urinalysis Market Segments
The global urinalysis market is segmented –
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

The Urinalysis Global Market Report 2023  provides an in-depth analysis on the urinalysis market size, trends and drivers, opportunities, strategies, and companies 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.

View More Related Reports –
Point Of Care Diagnostics Global Market Report 2023
Laboratory Proficiency Testing Global Market Report 2023
Point-Of-Care Diagnostics Devices And Equipment Global Market Report 2023

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