Dipstick Urinalysis Market Size And Forecast

Dipstick Urinalysis Market size was valued at USD 1,553.17 Million in 2020 and is projected to reach USD 2,657.23 Million by 2028, growing at a CAGR of 6.70% from 2021 to 2028.

The increasing demand from the healthcare industry with its significant demand in the detection and analyzing of the different diseases or disorders is propelling the demand for the global dipstick urinalysis market. The Global Dipstick Urinalysis Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Dipstick Urinalysis Market Definition

Dipstick Urinalysis is a pathological tool, simply a scale that is used to check the urine sample by detecting the variations or changing levels of the nitrates, ketones, proteins, and detection of blood and bacterial infections. The dipstick is simply dipped into the urine and the chemicals on the dipstick change the colour owing to the chemical reaction while exposing the different infections and variations. The applications of the dipstick range from, detection of kidney disorders, liver problems, diabetes, etc.

Global Dipstick Urinalysis Market Overview

The increasing demand from the healthcare industry with its significant demand in the detection and analyzing of the different diseases or disorders is propelling the demand for the global dipstick urinalysis market. The ease & convenience offered by the dipstick while detection of the urine sample is estimated to create opportunities for the global dipstick urinalysis market. Furthermore, the increasing consumer awareness and the shift towards a healthy lifestyle is increasing the demand for laboratory testing and thereby upscaling the demand for the global dipstick urinalysis market.

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The low absence of awareness about the regularity in the laboratory testing or routine check-ups and availability of alternative tests are the factors restraining the growth of the global dipstick urinalysis market. The availability of the alternative tests with the economical testing cost can be the factor hindering the market growth for the global dipstick urinalysis market.

Global Dipstick Urinalysis Market: Segmentation Analysis

The Global Dipstick Urinalysis Market is segmented based on Type, Application, and Geography.

Dipstick Urinalysis Market, By Type

• Disease Diagnosis
• Pregnancy Test

Based on Type, the market is bifurcated into Disease Diagnosis and Pregnancy Test.
Disease Diagnosis accounted for the largest market value of USD 1,009.92 Million which is anticipated to grow at a significant rate of 65.02% in 2020, with a market and is projected to grow at the highest CAGR of 5.91% during the forecast period.

Dipstick Urinalysis Market, By Application

• Hospitals & Clinics
• Diagnostic Laboratories
• Home Care Settings
• Research Laboratories and Institutes

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Based on the Application, the market is bifurcated into Hospitals & Clinics, Diagnostic Laboratories, Home Care Settings, and Research Laboratories and Institutes.

Hospitals & Clinics accounted for the largest market share of 33.91% in 2020, with a market value of USD 526.75 Million, and are anticipated to grow at a CAGR of 5.90% during the forecast period. Diagnostic Laboratories was the second-largest market in 2020, valued at USD 453.57 Million in 2020; it is projected to grow at a CAGR of 7.16%. However, the home care segment is projected to grow at the highest CAGR of 7.76%.

Dipstick Urinalysis Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, the Global Dipstick Urinalysis Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In 2020, the North American market accounted for USD 642.63 Million in terms of value, which is anticipated to grow at a significant rate of 6.84%.

Key Players

The “Global Dipstick Urinalysis Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Siemens Healthcare, Bio-Rad Laboratories Inc., Danaher Corporation, F. Hoffmann-LA Roche Ltd., Mindray Medical International Limited, Arkray Inc., Acon Laboratories Inc., ElektronikaKft, Urit Medical Electronic Group Co. Ltd., and others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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