Urinalysis Market worth 1.91 Billion USD by 2021

According to research report "Urinalysis Market by Product Type (Dipstick, Reagent, Analyzers, POC), Test Type (Biochemical, Sediment, Microscopic, Flow-Cytometric), Application (Diabetes, UTI, Kidney, Liver Disease, Pregnancy), End User (Hospitals, Diagnostic Labs) - Forecast to 2021", Report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the urinalysis market along with the estimates and forecasts of the revenue and market share analysis.

The global Urinalysis market is expected to reach USD 1.91 Billion by 2021 from USD 1.32 Billion in 2016 at a CAGR of 7.6% from 2016 to 2021. The major factors driving the growth of this market are rising prevalence of kidney diseases and urinary tract infections, implementation of PPACA, technological advancements, increasing adoption rate of point-of-care urinalysis devices, increasing healthcare expenditure and increasing geriatric population.

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The reporting segments in this market include product type, test type, applications, and end user. On the basis of product type, the urinalysis market is segmented into consumables and instruments. Consumables are expected to account for the largest share of the market due to factors such as wide use of disposables in urinalysis testing and research, the introduction of new and advanced reagents & dipsticks and the utilization of disposables at a larger scale in the market.

On the basis of test type, the urinalysis market is segmented into biochemical urinalysis and sediment urinalysis. The biochemical urinalysis segment is expected to account for the largest share of the global urinalysis market in 2016. The rapidly growing geriatric population and rising prevalence of kidney diseases and urinary tract infections are the key factors propelling the growth of this market.

On the basis of end user, the urinalysis market includes hospitals and clinical laboratories, diagnostics laboratory, research laboratories and institutes and home care settings. The hospitals and clinical laboratories segment is expected to account for the largest share of the global urinalysis market in 2016. Extensive use of dipsticks by hospitals and clinical laboratories is the major factors driving the growth of this market.

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Based on applications, the global urinalysis market is segmented into disease diagnostics and pregnancy tests. Disease diagnostics segment is expected to account for the largest share of the market during the forecast period. Growth in this segment is driven by the factors such as advancement in the development of new urinalysis tests for better and early diagnosis of chronic diseases.

Based on geography, the global urinalysis market is segmented into North America, Europe, Asia and Row. Asia segment is expected to grow at the highest CAGR during the forecast period. Growth in this segment is driven by the factors such as rising demand for urine testing products, increasing healthcare expenditure, rising prevalence of diabetes, and growing geriatric population are driving the growth of the urinalysis market in this region.

The key players in the urinalysis market include Beckman Coulter (U.S.), Roche Diagnostics (Switzerland), Siemens AG (Germany), Sysmex Corporation (Japan) and ARKRAY, Inc. (Japan).