The global urinalysis market is projected to reach USD 5.7 billion by 2027 from USD 3.9 billion in 2022, at a CAGR of 8.1% during the forecast period. Growth in the urinalysis market is mainly driven by factors such as the increase in favourable regulations in diagnostic companies and increased cases of diabetes, urinary tract infections, kidney and liver diseases.
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Key Market Players:
The major players operating in urinalysis market are Siemens Healthineers AG (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Cardinal Health, Inc. (US), Abbott Laboratories (US), Danaher Corporation (US), Sysmex Corporation (Japan), Thermo Fisher Scientific, Inc. (US), Quidel Corporation (US), Becton, Dickinson and Company (US), Bio-Rad Laboratories, Inc. (US) and EKF Diagnostics (UK).
Driver: Increasing burden of UTIs, diabetes and liver & kidney diseases
There is a widespread application of urinalysis in the diagnosis and management of diseases like kidney and liver diseases. Urinalysis enables clinicians to assess the level of chemical compounds in the urine. These factors will drive the market growth.
Opportunity: Emerging market
The high disease prevalence, large patient population, improving healthcare infrastructure, increasing disposable income, and growing medical tourism in emerging countries play an essential role in upgrading laboratory infrastructure.
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The consumables segment accounted for the largest share of the urinalysis market, by product segment, in 2021
Based on product, the urinalysis market is segmented into consumables and instruments. The consumables segment accounted for the largest share of the urinalysis market, mainly due to the growth of POC diagnostics products market, advancing diagnosis technologies with efficient and rapid results and increased emerging opportunities.
The pregnancy & fertility tests segment accounted for the largest share of the urinalysis market, by test type segment, in 2021
Based on test type, the urinalysis market is segmented into pregnancy & fertility tests, biochemical tests and sediment urinalysis. The pregnancy & fertility tests segment accounted for the largest share of the urinalysis market, mainly due to the growth of public awareness about early pregnancy detection and increased R&D investments in healthcare.
The diseases screening segment accounted for the largest share of the urinalysis market, by application segment, in 2021
Based on application, the urinalysis market is segmented into disease screening and pregnancy & fertility tests. The disease screening segment accounted for the largest share of the urinalysis market, mainly due to the technological advancements in urine analyzers, increased focus on preventive care and increased funding for diagnostic research.
Diagnostic laboratories segment to register the highest growth rate during the forecast period
The urinalysis market is segmented into diagnostic laboratories, hospitals & clinics, home care settings and research laboratories and institutes based on end user. In 2021, the diagnostic laboratories segment accounted for the largest share of the urinalysis market. The large share of this segment can mainly be attributed to the increased investment in the biotech and pharmaceutical industry, increased R&D in the POC diagnostic segment.
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North America is the largest regional market for urinalysis market
The global urinalysis market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for urinalysis market in 2021. The large share of North America in this market can be attributed to the government's support for research in the region, increased government funsing for the development of preventive care diagnostics.
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