
North America Urinalysis Market
No. of Pages: 73 | Report Code: TIPRE00026273 | Category: Life Sciences
No. of Pages: 73 | Report Code: TIPRE00026273 | Category: Life Sciences
Market Introduction
The North America Urinalysis market has been segmented into the US, Canada, and Mexico. The US holds the largest share of the North America Urinalysis market. The growth can be attributed to increase in the prevalence of chronic diseases, presence of key market players and extensive R&D conducted by various research laboratories and institutes. In addition, there is also a boom in public healthcare expenditure and an increase in the awareness programs that are further expected to stimulate the growth of the urinalysis market.
Lockdowns enacted by various North American countries to control the spread of COVID-19 caused people to delay undergoing health checkups, thus affecting the number of tests performed and sales of instruments, consumables, and reagents. However, a resurgence in testing numbers is seen as countries gradually ease the restrictions imposed on movement. According to National Kidney Foundation, people hospitalized with COVID-19 are at a significant risk of acute kidney injury (AKI), leading to serious illness, dialysis, and death. For the recovered COVID-19 patients who had an AKI or acute renal failure, urinalysis diagnosis is recommended since the risk of developing chronic kidney disease is higher in them than others. COVID-19 patients who did not develop an AKI, but had blood and/or protein in their urine, need to be monitored as they are at a greater risk of developing chronic- and end-stage kidney disease. COVID-19 has also impacted the regulatory environment and practices, as governments and healthcare providers are facing unprecedented challenges. Regulatory authorities utilized methods to speed approval of diagnostic products. Companies have taken strategic developments to introduce COVID-19 rapid tests, sustain their revenues, and nullify the impact of COVID-19 on their operational capabilities. For instance, in August 2020, Sysmex America, Inc., a leading diagnostic solutions company, entered into a distribution agreement with Siemens Healthineers to increase the distribution of the CLINITEK Novus automated urine chemistry analyzer platform. Therefore, in the long run, upon the streamlining of the COVID-19 vaccination programs and the decrease in transmission rates, healthcare systems will return to normal and generate significant demand urinalysis products and services.
Market Overview and Dynamics
The urinalysis market in North America is expected to grow from US$ 1,432.01 million in 2021 to US$ 2,129.13 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The urinalysis market is characterized by the presence of various small and big companies. The market players are adopting the strategies such as new product launches, regional expansions, and technological advancements to expand their market share. Rising demand for rapid tests, point-of-care (PoC) testing, and portable instruments are encouraging new product launches in the urinalysis market. The PoC testing enables rapid results in non-laboratory settings, along with boosting productivity. These tests are cost-effective and encompass the diagnoses of a wide range of diseases. Moreover, the growing demand for PoC diagnostics products is further driving product innovations in the urinalysis market. Market players are readily investing in R&D to develop advanced technologies.
Key Market Segments
North America urinalysis market is segmented into product, test type, application, end user, and country. Based on product, the North America urinalysis market is segmented into consumables and instruments. The consumables segment is expected to hold a larger market share in 2021. The North America urinalysis market, based on test type, is segmented into pregnancy and fertility tests, biochemical urinalysis, and sediment urinalysis. The biochemical urinalysis segment would hold the largest share of the market in 2021. Based on application, the North America urinalysis market is segmented into disease screening and pregnancy, and fertility. The disease screening segment would account for a larger market share in 2021. The North America urinalysis market, by end user, is segmented into hospitals and clinics, diagnostic laboratories, home care settings, and research laboratories and institutes. The hospitals and clinics segment would hold the largest share of the market in 2021. Based on country, the North America urinalysis market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the urinalysis market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Abbott; ACON Laboratories, Inc.; ARKRAY, Inc.; Beckman Coulter, Inc.; Bio-Rad Laboratories Inc.; Cardinal Health Inc; F. Hoffmann-La Roche Ltd.; Quidel Corporation; Siemens Healthineers AG; and Sysmex Corporation.
Reasons to buy report
North America
Urinalysis Market
Segmentation
North America Urinalysis Market -
By Product
North America Urinalysis Market - By
Test Type
North America Urinalysis Market - By Application
North America Urinalysis Market - By End User
North America Urinalysis Market - By Country
North America Urinalysis Market - Company Profiles
Strategic insights for the North America Urinalysis provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 1,432.01 Million |
Market Size by 2028 | US$ 2,129.13 Million |
Global CAGR (2021 - 2028) | 5.8% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Urinalysis refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Urinalysis Market is valued at US$ 1,432.01 Million in 2021, it is projected to reach US$ 2,129.13 Million by 2028.
As per our report North America Urinalysis Market, the market size is valued at US$ 1,432.01 Million in 2021, projecting it to reach US$ 2,129.13 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The North America Urinalysis Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Urinalysis Market report:
The North America Urinalysis Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Urinalysis Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Urinalysis Market value chain can benefit from the information contained in a comprehensive market report.