What is Urinalysis Devices Market Scope?
The scale of target diseases such as urinary tract infections, kidney disease, and diabetes is immense, with millions of new cases occurring every year. Urinalysis is used as the primary diagnostic tool for diagnosing and treating these diseases. The huge base of the target population and the observed high unmet clinical needs in the underdeveloped regions offer the market great potential for growth opportunities. To take advantage of these opportunities, it is imperative to develop diagnostic tools that can meet these unmet clinical needs at an affordable price. In addition, the increasing prevalence of sedentary lifestyles among individuals is fueling the epidemic in many regions. The lack of adequate health infrastructure in low-income countries is one of the major obstacles to the adoption of the latest diagnostic tools for urinalysis. Providing rapid and accurate diagnosis with improved ease of use is the core strategy of key market players to meet the unmet clinical need in these regions.
The Urinalysis Devices market study is being classified by Type (Macroscopic Urinalysis Devices, Sediments/Microscopic Urinalysis Devices and Other), by Application (Urinary Tract Infections, Kidney Diseases, Diabetes, Liver Diseases, Pregnancy & Fertility and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from European and United States will contribute to the maximum growth of Global Urinalysis Devices market throughout the predicted period.
Siemens Healthineers (Germany), Roche Diagnostics (Switzerland), Cardinal Health (United States), Arkray Inc. (Japan), Sysmex Corporation (Japan), Alere Inc. (United States), Beckman Coulter (United States), Bio-Rad Laboratories (United States), 77 Elektronika Kft (Hungary) and DIRUI (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ACON Laboratories (United States), Quidel Corporation (United States) and URIT Medical Electronic Ltd. (China).
Analyst at AMA have segmented the market study of Global Urinalysis Devices market by Type, Application and Region.
On the basis of geography, the market of Urinalysis Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In 2018, Beckman Coulter and Arkray formed a partnership to deliver integrated urine analyzers
In 2018, Beckman Coulter launched IQ Workcell 3000 and 2000. and In 2018, DIRUI Industrial Co. Ltd. Launched the FUS 1000 Automated Urine Analyzer.
Influencing Market Trend
- The Growing Prevalence of Sedentary Lifestyle in Individuals
- Rising Adoption of Rapid and Accurate Diagnosis with Improved Ease-Of-Use
- Growing Incidences of UTI and Other Kidney Diseases
- Increasing Use of Urinalysis Device in Disease Screening
- Growing Awareness of Personalized Medicine
- Increasing Research Activities in the Field Of Urinalysis Devices
- The Development of Diagnostic Tools That Can Respond To These Unmet Clinical Needs
- The Implementation of Excise Duty on Medical Devices and High Costs
- Lack of Adequate Healthcare Facilities in Countries with Low-Income Levels
Key Target AudienceUrinalysis Devices Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Urinalysis Devices market expands?
The Global Urinalysis Devices market is expected to see a growth of % during projected year 2019 to 2026.
2. Who are the prominent players of the Global Urinalysis Devices market?
The prominent players of Global Urinalysis Devices market are Siemens Healthineers (Germany), Roche Diagnostics (Switzerland), Cardinal Health (United States), Arkray Inc. (Japan), Sysmex Corporation (Japan), Alere Inc. (United States), Beckman Coulter (United States), Bio-Rad Laboratories (United States), 77 Elektronika Kft (Hungary) and DIRUI (China), to name a few.
3. What are the top priorities to focus for Urinalysis Devices market’s growth?
In this highly competitive & fast evolving Urinalysis Devices industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.