The global urinalysis market is estimated to account for US$ 1,249.0 Mn in terms of value and is expected to reach US$ 1,779.9 Mn by the end of 2027.
Urinalysis is used to treat a variety of illnesses as part of a standard medical examination, pregnancy screening, pre-surgery preparation, or hospital admission. It can be used to detect and/or diagnose illnesses like kidney disease, urinary tract infections, liver disease, diabetes, and other metabolic disorders.
Market Drivers for Urinalysis in the U.S.
Over the forecast period, the worldwide urinalysis market is expected to develop due to an increase in the prevalence of renal illnesses. According to data from the European Renal Association – European Dialysis and Transplant Association in 2018, around 850 million individuals globally suffer from kidney disease in some form.
Furthermore, the ageing population is likely to increase Urinalysis Market demand. According to the World Health Organization, the global elderly population is anticipated to grow to 2 billion people by 2050, up from 900 million in 2015.
Restraints in the International Urinalysis Market
The global urinalysis market is projected to be hampered by the high costs associated with modern analyzers. The AUTION MAX AX-4060 urine analyzer from ARKRAY, Inc., for example, costs roughly US$ 72,000, nearly ten times as much as traditional urine analyzers.
Furthermore, the high capital investment necessary to establish a modern laboratory is projected to stifle the worldwide urinalysis market's growth.
Opportunities in the Global Urinalysis Market
For companies in the global urinalysis market, the development of semi-automated urinalysis is projected to offer lucrative growth prospects. For example, in September 2019, researchers from the University of Arkansas in the United States stated that using acridine orange as a urinalysis aid is a viable option.
Furthermore, the worldwide urinalysis market is likely to benefit from the introduction of easy-to-use, quick, and low-cost diaper-based testing equipment in urinalysis.
Furthermore, the ageing population is likely to increase Urinalysis Market demand. According to the World Health Organization, the global elderly population is anticipated to grow to 2 billion people by 2050, up from 900 million in 2015.
Restraints in the International Urinalysis Market
The global urinalysis market is projected to be hampered by the high costs associated with modern analyzers. The AUTION MAX AX-4060 urine analyzer from ARKRAY, Inc., for example, costs roughly US$ 72,000, nearly ten times as much as traditional urine analyzers.
Furthermore, the high capital investment necessary to establish a modern laboratory is projected to stifle the worldwide urinalysis market's growth.
Opportunities in the Global Urinalysis Market
For companies in the global urinalysis market, the development of semi-automated urinalysis is projected to offer lucrative growth prospects. For example, in September 2019, researchers from the University of Arkansas in the United States stated that using acridine orange as a urinalysis aid is a viable option.
Furthermore, the worldwide urinalysis market is likely to benefit from the introduction of easy-to-use, quick, and low-cost diaper-based testing equipment in urinalysis.
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