Urinalysis Market Growth and Trends: 2023-2030
The global urinalysis market was valued at USD 2.14 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. This growth is largely driven by the increasing prevalence of several key health conditions, such as Urinary Tract Infections (UTIs), diabetes, and kidney diseases, all of which necessitate frequent diagnostic testing, particularly urinalysis. The increasing awareness of kidney health and advancements in diagnostic techniques are also contributing to market expansion. Market Drivers One of the major drivers of the urinalysis market is the rising incidence of diseases such as UTIs, diabetes, and kidney-related disorders. For instance, according to the National Diabetes Statistics Report 2020, about 34.1 million adults aged 18 years and above in the U.S. have diabetes. Notably, one-third of indi...