PUBLISHER: The Business Research Company | PRODUCT CODE: 1274640
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274640
“Urine Sediment Testing Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on urine sediment testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for urine sediment testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The urine sediment testing market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the urine sediment testing market are Medtronic plc, Abbott Laboratories, Siemens, General Electric, Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Sysmex Corporation, F.Hoffmann-La Roche Ltd., Cardinal Health Inc., Beckman Coulter Inc., ACON Laboratories Inc., Thermo Fisher Scientific Inc., ARKRAY Inc., Quidel Corporation, and Trinity Biotech plc.
The global urine sediment testing market is expected to grow from $1,667.44 billion in 2022 to $1,783.30 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The urine sediment testing market is expected to reach $2307.77 billion in 2027 at a CAGR of 6.7%.
The urine sediment testing market consists of sales of tubes, slides, urine sediment analyzer, and analytical kits. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Urine sediment testing refers to a laparoscopic test used to examine the physical components of urine. A visual evaluation of the urine, chemical analysis, and microscopic investigation of the urinary sediment are all part of qualitative urinalysis. The findings aid in prognosis and treatment planning.
North America was the largest region in the urine sediment testing market in 2022. The regions covered in urine sediment testing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of products for urine sediment testing are fully automatic urine sediment analyzers and semi-automatic urine sediment analyzers. A fully automatic urine sediment analyzer refers to an analyzer that can store clinical data, dry chemical index, microscopic examination results, and other expansion projects. They are used for various applications to find out urinary tract infections, diabetes, kidney diseases, hypertension, and others by end users including hospitals, diagnostics centers, clinics, ambulatory surgical centers, educational institutes, and others.
The increasing elderly population is expected to propel the growth of the urine sedimentation testing market going forward. The senior population refers to the person, aged 60 and over. The aged population get benifited from urine sediment testing by identifying renal illness and give information on aggravating factors, prognosis, pathogenic bacteria, and antibiotic vulnerability. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050. Furthermore, according to October 2021 published factsheet by World Health Organization, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Therefore, the increasing elderly population is driving the growth of the urine sedimentation testing market.
Product innovation is a key trend gaining popularity in the urine sediment testing market. Major companies operating in the urine sediment testing market are introducing innovative products to sustain their position in the market. For instance, in September 2022, Sysmex Corporation, a Japan-based company operating in the urine sediment testing market, launched the "UF-1500 Fully Automated Urine Particle Analyzer" equipment. The unique features include, an individual view of various particles and aim for a greater selection of solutions suited to the environment of the customer and aid in the standardization and scalability of urine testing at small and medium-sized facilities.
In Dec 2021, Thermo Fisher Scientific Inc, a US-based biotechnology research company, acquired PPD Inc. for USD 17.4 billion. With this acquisition, Thermo Fisher Scientific Inc will be able to speed the efforts to bring life-changing pharmaceuticals to market, benefiting patients all over the world. PPD Inc is a US-based company operating in laboratory and lifecycle management services, including urine sediment testing.
The countries covered in the urine sediment testing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The urine sediment testing drugs market research report is one of a series of new reports from The Business Research Company that provides urine sediment testing drugs market statistics, including urine sediment testing drugs industry global market size, regional shares, competitors with a urine sediment testing drugs market share, detailed urine sediment testing drugs market segments, market trends and opportunities, and any further data you may need to thrive in the urine sediment testing drugs industry. This urine sediment testing drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.