(MENAFN- EIN Presswire) Urinary Tract Infection Testing market Size
Increase in prevalence of urinary tract infections, a rising geriatric population, and rapid technological advancements drive the global market
PUNE, MAHARASHTRA, INDIA, February 23, 2023 /einpresswire.com / -- Allied Market Research has published a study report with the title urinary tract infection testing market size was Valued at USD 574 million in 2021 and is Projected to Garner USD 1 billion by 2031, registering a CAGR of 6.2% from 2022 to 2031.
A urinary tract infection (UTI) is a bacterial infection that affects any part of the urinary system, which includes the kidneys, ureters, bladder, and urethra. The urinary system is responsible for removing waste and excess fluids from the body through urine.
Covid-19 Scenario
.The COVID-19 pandemic moderately impacted the urinary tract infection testing market across the globe in the initial period of the pandemic on account of low hospitalization.
.Stringent lockdowns imposed by governments across the world had a significant impact on the number of UTI tests conducted. Moreover, supply chain constraints, jammed logistics due to lockdowns, and other regulatory restrictions hampered the market growth.
.The market has recovered post the pandemic.
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Top Companies of Urinary Tract Infection Testing Market
.Thermo Fisher Scientific, Inc.
.Bio-Rad Laboratories
.Danaher Corporation
.ACON Laboratories Inc.
.Cardinal Health Inc.
.Stryker Corporation
.SYSMEX CORPORATION
.Abbott Laboratories
.Roche AG
.LabCorp (Laboratory Corporation of America Holdings)
Urinary Tract Infection Testing Market Segmentation can be done based on several factors, including:
By Test Kit
.Home Test Kits
.Laboratory Test Kits
By Infection Type
.Urethritis
.Cystitis
.Pyelonephritis
By Test Type
.Urinalysis
.Urine Cultures
.Susceptibility Testing
By End User
.Hospitals
.Diagnostic Laboratories
.Research Institutes
Based on region, the market in North America was the largest in 2021, accounting for two-fifths of the global urinary tract infection testing market, owing to the presence of major players and high spending on healthcare in this region. However, the market in Asia-Pacific is likely to dominate in terms of revenue and show the fastest CAGR of 7.4% during the forecast period, due to the increasing geriatric population in this region.
What are the Urinary Tract Infection Testing Market Trends?
Increase in prevalence of urinary tract infections, a rising geriatric population, and rapid technological advancements fuel the growth of the global urinary tract infection testing market. However, errors such as false negative or false positive results in UTI testing may hinder the global market growth. On the other hand, the availability self-testing kits for UTI testing and the increasing prevalence of diabetes globally will present new growth opportunities for the global urinary tract infection testing market in the coming years.
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Key Findings of the Study
.Based on infection type, the cystitis sub-segment emerged as the global leader in 2021 and the pyelonephritis sub-segment is anticipated to be the fastest growing during the forecast period
.Based on test type, the urinalysis sub-segment emerged as the global leader in 2021 and is predicted to witness the fastest growth in the upcoming years
.Based on infection type, the cystitis sub-segment emerged as the global leader in 2021 and the pyelonephritis sub-segment is anticipated to be the fastest growing during the forecast period
.Based on end-user, the hospitals sub-segment emerged as the global leader in 2021 and the diagnostic laboratories sub-segment is expected to be the fastest growing during the forecast period
.Based on test kit, the laboratory test kit sub-segment emerged as the global leader in 2021 and is predicted to be the fastest growing during the forecast period
.Based on region, the North America market registered the highest market share in 2021 and is projected to maintain its position during the forecast period
Our Market Research Solution Provides You Answer to Below Mentioned Question:
.Which are the driving factors responsible for the growth of market?
.Which are the roadblock factors of this market?
.What are the new opportunities, by which market will grow in coming years?
.What are the trends of this market?
.Which are main factors responsible for new product launch?
.How big is the global & regional market in terms of revenue, sales and production?
.How far will the market grow in forecast period in terms of revenue, sales and production?
.Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
.How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
.Which region has more opportunities?
By Region Outlook
. North America
(U.S., Canada, Mexico)
. Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
. Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
. LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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