Global Urine Test Strips Market By Type (Protein Testing, Haemoglobin and Myoglobin Testing, Glucose Testing, Nitrites Testing, Others), Application (Disease Diagnosis, Pregnancy Test), Function (Visual Test Strips, Automated Test Strips), End User (Institutes & Research Laboratories, Hospitals & Clinics, Diagnostic Laboratories, Consumers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Urine Test Strips Market
Urine test strips market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 813.3 million by 2027 growing at a CAGR of 4.6% in the above-mentioned forecast period. Increasing awareness among the people regarding the benefits of urine test strips which will create lucrative opportunities for the growth of the market.
Surging volume of patients suffering from kidney disorders, urinary tract infections and others, growing consumption of alcohols along with lack of physical activities which will likely to enhance the growth of the urine test strips market in the forecast period of 2020-2027. On the other hand, technological advancement along with support of government in various healthcare sectors which will further bring various opportunities for the growth of the urine test strips market in the above mentioned forecast period.
Lack of reimbursement policies along with stringent regulatory policies and lower adoption of technology are acting as market restraints for the growth of the urine test strips in the above mentioned forecast period.
This urine test strips market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on urine test strips market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Urine Test Strips Market Scope and Market Size
Urine test strips market is segmented on the basis of type, application, function and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the urine test strips market is segmented into protein testing, haemoglobin and myoglobin testing, glucose testing, nitrites testing, and others.
- On the basis of application, the urine test strips market is segmented into disease diagnosis, and pregnancy test. Disease diagnosis has been further segmented into urinalysis, blood glucose analysis, and ophthalmic diagnostic. Urinalysis has been further sub segmented into liver disease, kidney diseases, diabetic test, and others.
- Based on function, the urine test strips market is segmented into visual test strips, and automated test strips.
Urine test strips market has also been segmented based on the end user into institutes & research laboratories, hospitals & clinics, diagnostic laboratories, and consumers.
Urine Test Strips Market Country Level Analysis
Urine test strips market is analysed and market size insights and trends are provided by country, type, application, function and end user as referenced above.
The countries covered in the urine test strips market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the urine test strips market due to the increasing occurrences of diabetes along with prevalence of various manufacturers, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the increasing occurrences of obesity and diabetes.
The country section of the urine test strips market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Urine test strips market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for urine test strips market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the urine test strips market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Urine Test Strips Market Share Analysis
Urine test strips market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to urine test strips market.
The major players covered in the urine test strips market report are Abbott, ACON Laboratories, Inc., Fisher Scientific Company L.L.C., ARKRAY, Inc, B. Braun Melsungen AG, Henry Schein, Inc., F. Hoffmann-La Roche Ltd, Siemens Healthcare Private Limited, TaiDoc Technology Corporation, ChilternMediCare, LifeAssay Diagnostics, Teco Diagnostics., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.