Integrated systems for urinalysis and the emerging economies are expected to provide a wide range of growth opportunities for players in the market which is driven by growing incidences of UTI and other kidney diseases.
Market Size
The global Urinalysis market size is projected to reach USD 4.6 billion by 2024 from USD 3.2 billion in 2019, at a CAGR of 7.6% from 2019 to 2024.
Seimens Healthineers (Germany), Roche Diagnostics (Switzerland), Cardinal Health (US), Arkray Inc (Japan), Sysmex Corporation (Japan), Alere Inc. (US), Beckman Coulter (US), Biorad Laboratories (US), 77 Elektronika Kft (Hungary), and DIRUI (China) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions.
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“Siemens Healthineers is the leader in the biochemical urinalysis market”
The company offers a robust product portfolio and has a strong geographic presence, which has helped it to maintain its position in the market. Siemens offers automatic and semi-automatic biochemical analyzers, as well as point of care devices and consumables, such as dipsticks. Some of the products offered by the company are CLINITEK Novus Automated Urine Chemistry Analyzers, CLINITEK Atlas Automated Urine Chemistry Analyzers (Carousel), CLINITEK AUWi Systems, and CLINITEK Advantus Urine Chemistry Analyzers. Siemens primarily focuses on developing new and innovative products to expand its product portfolio and address the unmet needs of healthcare providers. It launched the Atellica 1500 automated urinalysis system in 2017.
“Beckman Coulter, Inc. is among the leading players in the sediment urinalysis market”
The company possesses a strong product portfolio, which comprises various automated and semiautomated urine analyzers and consumables. The company pursues various strategies in order to further enhance its presence and generate a larger market share in this market. For instance, in 2018, Beckman Coulter formed a partnership with ARKRAY Inc., a major player in the urinalysis market to provide integrated urine analyzers, globally. This enabled the company to expand its urinalysis offerings and serve the unmet needs of its customers. The company possesses strong R&D, manufacturing, sales, distribution, service, and administrative facilities in over 50 countries. It has a strong geographic presence with operations in the US, China, Germany, Japan, and Australia.
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