Urinalysis Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theUrinalysis Market?
The surge in the elderly population is predicted to positively impact the urinalysis market. This demographic incorporates individuals who are 65 years or older, prone to various health problems due to their advanced age and reduced immune response. The susceptibility to urinary tract infections (UTI) heightens in the elderly as they age. The process of urinalysis involves a thorough examination of the visual, chemical, and microscopic properties of urine. This analysis aids in the detection and management of various health conditions such as diabetes, renal diseases, and urogenital infections. Supporting this, the Switzerland-based World Health Organization, renowned for its efforts towards global health issues, predicted in October 2022 that by 2030, every sixth person globally will be 60 years or older. This group will grow to 1.4 billion from 1 billion in 2020. Furthermore, the count of individuals aged 60 and above will peak at 2.1 billion by 2050, indicating a doubling of numbers. The period from 2020 to 2050 will witness 426 million additional individuals who will turn 80 or older. So, it can be inferred that the surge in the geriatric population is fuelling the growth of the urinalysis market.
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How Will the Growth Rate of theUrinalysis Market Impact Industry Trends by 2034?
Over the past few years, there has been a significant growth in the urinalysis market size. It is projected to expand from $3.57 billion in 2024 to $3.83 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. The increase in the past period was due to factors such as increased healthcare spending, enhanced healthcare infrastructure, changes in regulations and standardization, drug testing and forensics as well as modifications in clinical laboratory procedures.
In the coming years, the urinalysis market is projected to witness considerable expansion. It’s estimated that by 2029, it will reach a value of $5.47 billion, growing at a Compounded Annual Growth Rate (CAGR) of 9.3%. This surge during the forecast timeframe is connected to factors like point-of-care testing (POCT), management of chronic diseases, an aging population, preventive healthcare, and advancements in remote monitoring and telemedicine. Significant trends anticipated throughout the forecast period encompass the approval of innovative drugs, technological enhancements, personalized medicine, and ongoing monitoring of chronic diseases.
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Which Upcoming Market Trends and Innovations Are Set to Influence theUrinalysis Market’s Path Forward?
The increasing prevalence of state-of-the-art tools is a leading trend that is gaining traction in the urinalysis market. Major players in the industry are moving towards the incorporation of artificial intelligence technology into urine analysis apparatus. For example, Olive Diagnostics, a health tech firm based out of Israel that offers diagnostic instruments, launched Olive KG in February 2022, a urinalysis sensor gadget that facilitates real-time health notifications and early detection of disease progression. This AI-driven product provides immediate urine examination and records a myriad of parameters such as red blood cells, proteins, ketones, nitrites, pH, volume, pressure, color, and frequency of urination, among others. The contraption comes with a toilet-mountable Internet of Medical Things (IoMT) device that generates real-time individual health data, protected by GDPR and HIPPA act regulations.
Who Are the Dominant Market Players Pushing the Boundaries of theUrinalysis Market?
Major companies operating in the urinalysis market are Siemens Healthineers AG, F. Hoffmann-La Roche 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, Quidel Corporation, Becton Dickinson and Company, EKF Diagnostics, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Guangzhou Wondfo Biotech Co. Ltd., Chembio Diagnostic Systems Inc, Immunostics Inc., Inova Diagnostics Inc., Meridian Bioscience Inc., Fapon Biotech Inc., Nanjing Norman Biological Technology Co. Ltd., OraSure Technologies Inc., Hologic Inc., Randox Laboratories Ltd., Qiagen N.V
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What Are the Core Segments of the Urinalysis Market, and How Do They Contribute to Growth?
The urinalysis market covered in this report 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
Subsegments:
1) By Pregnancy And Fertility Tests: Urine Pregnancy Tests, Ovulation Prediction Tests
2) By Biochemical Urinalysis: Dipstick Tests, Reagent Strip Tests, Microalbumin Tests
3) By Sediment Urinalysis: Microscopic Examination, Chemical Analysis Of Sediment, Culture Tests
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https://www.thebusinessresearchcompany.com/customise?id=8623&type=smpGlobal Urinalysis Market, Global Urinalysis Market Report, Global Urinalysis Market Trends, Global Urinalysis Market Size
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