The latest report, Urinalysis Market market enables stakeholders to gain insights into their potential consumers to construct more effective marketing strategies for the forecast period, 2019 to 2030.
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Most importantly, the document empowers business owners to seek information about potential consumers and where they can find them. Apart from this, the literature sheds light on how major vendors operating in the Market Industry Reports are making the best use of their marketing campaigns. With an exclusive coverage of the top vendors, the study enables business owners to know more about the local market and locate potential consumers. Major players key players in Urinalysis Market are Siemens Healthcare Private Limited, Roche Diagnostics (A Division of F. Hoffmann-La Roche Ltd.), Beckman Coulter, Inc., Sysmex Corporation, ARKRAY, Inc., ACON Laboratories, Inc., Bio-Rad Laboratories, Inc., Elektronika Kft., Mindray Medical International Limited (Shenzhen Mindray Bio-Medical Electronics Co.,), and URIT Medical among others
Increasing awareness among patients, technological advancements in the sector of urine analysis, and growing geriatric population have been pivotal in dictating the growth of the urinalysis market. Moreover, increasing prevalence and incidences of kidney disorders, chronic disorders coupled with increasing expenditures on healthcare is anticipated to present a lucrative growth opportunity of growth for the global urinalysis market between 2019 and 2030. Furthermore, various market players have extensively focused on collaborating with several educational and research institutes, organizations and societies to amplify R&D activities and meet the overall demands of the healthcare industry. For instance, Shenzhen University Health Science Center’s Nephrology and Urology Center announced collaborations with Innovation Center China of AstraZeneca in Shanghai to conduct several preclinical researches on chronic kidney diseases (CKD).the IMI-PainCare was launched in 2018, to address the global burden of chronic pain. The initiative is a collaboration between 40 partners from 14 different nations, namely University of Heidelberg, Petra Bloms-Funke, and several others.
The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global urinalysis market in the coming times. Since, the utilization of urinalysis products for assisting treatment and facilitating faster recovery among aged population is enormously crucial.
Kidney disorders are one of the most prominent, prevalent and menacing chronic diseases, which is known to affect millions of individuals worldwide. According to the national Kidney Foundation, the global burden of chronic kidney diseases (CKD) is a staggering 10%. In 2010, it was estimated that the ailments associated with kidney was ranked 18th for causing the highest number of deaths across the globe. The prospect of treatment is extremely vital among population suffering from various types of CKDs. Therefore, the continual rise in prevalence of kidney disorders is expected to present an attractive growth prospect for the urinalysis market in the times to come.
High costs associated with urinalysis products are one of the major factors affecting the growth of the urinalysis market. Availability of alternate affordable and cheaper urine analysis testing kits associated with urinalysis products is anticipated to be one of the major hindrances in the growth of the global urinalysis market. Lack of treatment in underprivileged regions and population with low income groups face consequential outcomes related to kidney disorders. This leads to millions of deaths every year all across the globe.
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