Urinalysis is a series of tests that can assess wide range of health disorders with a urine sample. These tests are conducted to detect and monitor certain health conditions, such as kidney diseases, liver diseases, diabetes, or urinary tract infections. The motive of conducting this test is to find some microscopic elements, such as red blood cells, white blood cells, bacteria, and crystals which cannot be seen through bare eyes. In addition, it is a dipstick test in which a thin plastic strip quoted with chemicals is dipped into the urine samples. The change of the color of strips help to diagnose the type of health disorders and help to treat patients accordingly.

Forecast Analysis of the Global Urinalysis Market

Urinalysis is a useful test that can examine various health disorders to treat patients suffering from several chronic diseases all across the globe. Furthermore, with the increasing geriatric population together with the growing age-related disorders, the urinalysis market is expected to witness bolstering growth throughout the analysis timeframe. Moreover, the increasing prevalence of liver diseases, especially in the LAMEA region is predicted to magnify the growth of the market during the forecast timeframe. However, the high investment cost in the development of urinalysis product manufacturing plant may hinder the growth of the urinalysis market over the estimated timeframe.

According to the report published by Research Dive, the global urinalysis market is envisioned to generate a revenue of $4,776.9 million and rise at a noteworthy CAGR of 6.3% during the analysis period from 2021-2028. Regionally, the North America region is projected to hold the largest share of the market and is predicted to garner a revenue of $2,541.3 million over the forecast period. This is mainly due to the rising government initiatives, growing of technological advanced instruments and rising number of geriatric population in this region.

The major players of the urinalysis market include Danaher Corporation, Becton, Dickinson and Company, Abbott Laboratories, Sysmex Corporation, Cardinal Health, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Siemens Healthineers AG, ARKRAY, Inc. and many more.

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Key Developments

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global urinalysis market to grow exponentially.

For instance, in November 2019, Scanwell Health, a leading provider of at-home medical testing with instant results and empowers healthcare consumers and companies, announced its collaboration with Lemonaid Health, a renowned San-Francisco based tele-health medicine service provider with nurse practitioners and physicians. With this collaboration, the customers can easily get diagnosis facility by using Scanwell app and receive a consultation with good physician and course treatment by sitting at their home.

In June 2020, Healthy.io, a leading health care company offering remote clinical testing and services, acquired inui Health, a renowned consumer medical diagnostics company that provides urinalysis at home through smartphone, for $9 million. With this acquisition, Healthy.io is aiming to expand its reach all across the United States and the companies are focusing on the transformation of a smartphone camera into a scanner to examine urine test strips with more clinical level precision.

In October 2021, Inpeco, a global leader in Automation Systems for the Clinical Laboratories, and Sysmex Europe, a renowned Germany based laboratory equipment supplier who completely believes in technological excellence, launched the next generation urinalysis solutions. The specific and important thing about this product is that it is the first bi-directional system that carries racks between the urinalysis analyzers of the Sysmex UN-Series and Inpeco’s TLA system. This product delivers a next level of completely automated urinalysis workflow solution with more flexibility.

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Covid-19 Impact on the Market

With the rise of the Covid-19 pandemic, the global urinalysis market has experienced a declined growth likewise various other industries. This is mainly because of the prolonged halt of manufacturing operations and disruption in the supply chain networks due to the strict restrictions on the transportation and stringent lockdowns during the pandemic period. However, the effective collaborations made by the leading market players have created major growth opportunities for the urinalysis market.

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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