Urinalysis Market is expected to grow at a Robust CAGR of 6.2% during the forecast period 2022-2031

The global urinalysis market was valued at USD 3.4 billion in 2021 and it is anticipated to grow up to USD 6.2 billion by 2031, at a CAGR of 6.2% during the forecast period.

Urinalysis is also known as urine test that uses a urine sample to examine visual, chemical and microscopic aspects of urine to assess patient health. Urinalysis tests are commonly used by healthcare providers to check or monitor specific health disorders, damage to the kidney as well as to diagnose urinary tract infections.

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Market Trends and Drivers:

The growing geriatric population in developed and developing countries is anticipated to boost the market demand. The increasing prevalence of diabetes, liver, and renal diseases with aging will significantly contribute to the demand for urine tests in diagnosis. Incidence of such chronic conditions among elderly population lead to higher frequency of prescriptions for tests like creatinine, albumin, glucose, k*tones, and bilirubin among others. According to the World Health Organization, the number of people aged 60 years and over is estimated to increase from 1 billion in 2020 to 1.4 billion by 2030. With increasing base of this age group, the industry is estimated to foresee tremendous growth. Additionally, higher risk of chronic kidney conditions with structural and functional changes in organs with aging will favour the testing volume.

Market Restraints and Challenges:

The availability of refurbished instruments acts as a challenge in the growth of this market as these instruments offer the same functionalities as new equipment at a lower cost. Several end users, mainly small and medium-sized laboratories, opt for cost-effective and refurbished systems. In particular, the markets in developing countries, which are price-sensitive, prefer instruments that are cheap and offer similar functionalities. In the absence of well-grounded regulatory frameworks, there may be an influx of low-quality and refurbished products into the economy.

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COVID-19 Impact:

The urinalysis industry continued to witness significant revenue growth during the COVID-19 pandemic. The high risk of COVID-19 infection among patients with existing history of chronic kidney disease (CKD) led to increased demand for routine urinalysis during the period. Availability of home testing products allowed such patients to effectively manage disease diagnosis at home without visiting physician offices. Further, as per the data by the European Kidney Health Alliance, nearly 58% of hospitalized COVID-19 patients were affected by Acute Kidney Injury (AKI) with an associated mortality rate of more than 30%. Thus, the increased risk of CKD among COVID-19 patients has also stimulated the demand for urinalysis in healthcare settings and contributed to the urinalysis market share

Major Players in the Global Urinalysis Market:

The key players in the market are Siemens Healthineers AG (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Cardinal Health, Inc. (US), Abbott Laboratories (US), Danaher Corporation (US), Sysmex Corporation (Japan), Quidel Corporation (US), Becton, Dickinson and Company (US), Bio-Rad Laboratories, Inc. (US), EKF Diagnostics (UK), Thermo Fisher Scientific Inc. (US), among others.

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