Urinalysis Market To Reach USD 5,194.6 Million By 2026 | CAGR of 7.5% | Hoffmann-LA Roche AG, Danaher Corporation, Siemens AG, etc
: New York, United States, 31-July-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, the global Urinalysis Market was valued at USD 2,891 million in 2018 and is expected to reach USD 5,194.6 million by the year 2026, at a CAGR of 7.5%. Urinalysis can provide doctors and physicians with valuable information about patient’s health status, including indications of renal, urological and liver disease, diabetes mellitus, urinary tract infection (UTI) and general hydration. Urinalysis can be used to screen for substances that would not usually be expected to be present in urine, for example, glucose, leucocytes, nitrite and blood. If these substances are present, further analysis of urine and/or blood may be required. Although urinalysis is an effective screening tool, it should not be used in isolation to guide treatment because false positives, for example, nitrites, and false negatives, for example, glucose, can occur if the sample is contaminated or left to stand for too long. Urinalysis is an effective screening tool that can be used to detect systemic diseases and infections. There are a variety of methods of collecting urine specimens and it is essential to ensure that contamination is limited to reduce the potential for inaccurate results. Reagent strips are a quick and easy method for testing urine and can provide valuable information about a patient’s condition.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
Hoffmann-LA Roche AG, Danaher Corporation, Siemens AG, Sysmex Corporation, Bio-Rad Laboratories, Inc., Mindray Medical International Limited, Acon Laboratories, Inc., Arkray, Inc. and United Medical Electronic Group Co., Ltd.
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For the purpose of this report, Reports and Data have segmented into the global Urinalysis market on the basis of type, propellants, application, and region:
Product (Revenue, USD Million; 2016–2026)
Test type (Revenue, USD Million; 2016–2026)
Biochemical urinalysisSediment urinalysis,Pregnancy & fertility tests
Applications (Revenue, USD Million; 2016–2026)
End user (Revenue, USD Million; 2016–2026)
Hospitals & clinicsDiagnostic laboratoriesHome care settingsResearch laboratories & institutes
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/urinalysis-market
Key aspects of the Urinalysis Market Report:
The report comprises of Urinalysis market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.
The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions.
The report covers all the crucial information about the products and services of major competitors.
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