MRRSE presents this most up-to-date research on "Urinalysis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024"

1. Urinalysis Market - Rise in Geriatric Population Single-
handedly Driving Demand for Urinalysis
Report Description
The global urinalysis market is primarily fueled by the
alarming rise in the prevalence of diabetes. Diabetes is
considered to be the leading cause of kidney failure and end-

2. stage renal disease (ESRD) globally. According to the
International Diabetes Federation (IDF), an estimated 338
million new cases of diabetes were reported in 2014 and
about 3.2 million people were diagnosed with ESRD in 2015.
The WHO reports that diabetes accounted for an estimated
422 million deaths globally in 2014.
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The growing incidence of renal disease, diabetes, and other
kidney-related disorders has resulted in an increased demand
for urine diagnosis and urinalysis consumables. Driven by
this, the global urinalysis market is projected to expand from

3. a valuation of US$929.9 mn in 2015 to US$1.5 bn by 2024 at
a steady 5.4% CAGR therein.
Increasing Preference for Single-Use Consumables a Major
Growth Factor
In terms of product, the consumables segment accounted for
the leading share in the global urinalysis market in 2015 and
is expected to dominate the market throughout the forecast
period. The key factor driving this segment is an increase in
preference toward sterile, rigid, and single-use disposable
products. Within the consumables segment, plastic
consumables offer substantial opportunities for new market
players.

4. By type of test, the biochemical segment held the dominant
share in the overall urinalysis market in 2015. The wide
usage of reagent strips (dipsticks) is mainly responsible for
the growth of this segment. Dipstick is a biochemical
technique to detect constituents present in the urine. This
technique is easy to follow and is available in a variety of
types. Hospitals form the leading end-user segment of the
urinalysis market.
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5. On the basis of test setting, the laboratory-based segment led
the urinalysis market in 2015 and is expected to show
significant promise during the forecast period. The increasing
prevalence of infectious diseases in developing countries, the
growing incidence of lifestyle diseases, the rising geriatric
population, and various technological advancements with
regard to the development of faster and easy-to-use devices
drive demand for laboratory-based urinalysis.
Rise in Geriatric Population Single-handedly Driving Demand
for Urinalysis
North America led the global urinalysis market, accounting
for a share of over 30% in 2015. Increasing geriatric

6. population, rapid innovation in technology, and high R&D
expenditure are attributed to the growth of the urinalysis
market in the region. According to the National Kidney
Foundation, an estimated 26 million people in the U.S. are
living with kidney disease. This is also a key factor driving
the urinalysis market in North America.
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Asia Pacific accounted for a significant share in the global
urinalysis market in 2015, propelled primarily by the rise in
geriatric population. According to the UN, there are 901
million people aged 60 and above globally, with Japan

7. leading the pack. The rise in geriatric population, the
increasing number of laboratory diagnosis tests, and a rise in
point-of-care testing have led to the upswing of the APAC
urinalysis market. The rapid pace of industrialization and
infrastructure development activities, and increased awareness
about product safety and quality in countries such as China
and India are also expected to spur the demand for testing
services in the region, thereby positively impacting the
urinalysis.
The market in Latin America is projected to expand at a high
CAGR during the forecast period from 2016 to 2024. A large
population base, a high-target patient pool, and an increase

8. in government initiatives to provide better healthcare
facilities are driving the urinalysis market in Latin America.
Key players operating in the global urinalysis market include,
ARKRAY, Inc., Bio-Rad Laboratories, Inc., Danaher
Corporation (Beckman Coulter, Inc.), F. Hoffmann-La Roche
Ltd., Mindray Medical International Limited, Siemens
Healthineers, Sysmex Corporation, and 77 Elektronika Kft.
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