Semi-Automated Urinalysis Development Is Expected To Provide Lucrative Growth Opportunities For Players In The Global Urinalysis Market

 

Urinalysis

Urinalysis is performed as part of a standard medical examination, pregnancy check-up, pre-surgery preparation, or hospital admission to treat a variety of illnesses. It can be used to screen for and/or diagnose illnesses such as kidney disorders, urinary tract infections, liver difficulties, diabetes, and other metabolic disorders. The global urinalysis market is anticipated to be worth US$ 1,249.0 million in 2017 and is expected to grow to US$ 1,779.9 million by the end of 2027. Over the forecast period, the rising prevalence of kidney illnesses is expected to drive growth in the worldwide urinalysis market. According to the European Renal Association – European Dialysis and Transplant Association, about 850 million individuals worldwide have some type of kidney disease in 2018.

 

Furthermore, the growing geriatric population is likely to increase demand for urinalysis. For example, the World Health Organization predicts that the ageing population will reach 2 billion by 2050, up from 900 million in 2015. Consumables dominated the global urinalysis market in 2019, accounting for 67.5 percent of total volume, followed by Instruments. The high cost of modern analyzers is projected to stifle expansion in the worldwide urinalysis market. For example, ARKRAY, Inc.'s AUTION MAX AX-4060 urine analyzer costs roughly US$ 72,000, which is nearly ten times the price of standard urine analyzers. Furthermore, the high capital investment necessary to set up a contemporary laboratory is projected to hamper the worldwide urinalysis market's growth.

 

Semi-automated urinalysis development is expected to provide lucrative growth opportunities for players in the global Urinalysis Market. In September 2019, for example, researchers from the University of Arkansas in the United States reported that acridine orange as an aid for point-of-care urinalysis systems is a viable solution. Furthermore, the use of simple, quick, and low-cost diaper-based testing devices in urinalysis is expected to contribute to the growth of the global urinalysis market. The global urinalysis market was valued at US$ 1,183.7 million in 2019 and is expected to reach US$ 1,779.9 million by 2027, growing at a CAGR of 5.2 percent between 2020 and 2027.

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