iCrowd Newswire – Jun 20, 2020
The home diagnostics for urinary tract infection market was valued at US$ 847.85 million in 2019 and is expected reach US$ 1,354.02 million by 2027; it is projected to grow at a CAGR of 6.2% from 2020 to 2027.
The urinary tract infection (UTI) is more common among women than in men. The UTI is easy to cure; however, the untreated UTI may lead to a severe health condition. Therefore, there are various diagnostics kits available in the market for UTI. Several diagnostics kits are sold over the counter. The UTI diagnostics works similar to the pregnancy kits; they have a strip, which is held in urine stream for a few seconds or dipping into a sample in a clean cup. The rising number of UTI cases is increasing the demand for the home diagnostics kits. Additionally, the awareness regarding kits is likely to influence market growth in the emerging regions.
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- i-Health, Inc (AZO)
- F. Hoffmann-La Roche AG (Roche Holding AG)
- Acon Laboratories, Inc.
- Arkray Inc.
- BTNX Inc
- Abbott Laboratories
- Aytu BioScience, Inc. (Innovus Pharmaceuticals, Inc)
- Teco Diagnostics
- Atlas Medical
The growth of the home diagnostics for urinary tract infection market is attributed to the growing prevalence of urinary tract infections and increasing geriatric population. Based on form type, the global home diagnostics for urinary tract infection market is segmented into dipsticks, cup, dipslide, cassette, and others. The dipsticks segment held the largest share of the market in 2019, and it is estimated to register the highest CAGR in during the forecast period.
Aged population is highly vulnerable to urinary tract infections, and aging is one of the prominent factors expected to increase the adoption of home diagnostics products for urinary tract infections. For instance, according to a study published on health blog in 2018, the prevalence of urinary tract infections among women over 65 years of age grew from 10% to 30% during the past decade in the US. As the geriatric population across the world is increasing, this association represents huge opportunity for the market growth during the forecast period. According to a study conducted by the World Health Organization in 2018, the population over 60 years of age will double from 2020 to 2050. Additionally, according to the same study, an estimated 80% of the aged population will reside in low and middle income countries by 2050, indicating huge demand for home based diagnostics products. As home-based urinary tract diagnostics products offer better convenience for old age population, it is anticipated to offer lucrative opportunity for the market players during the forecast period.
The home diagnostics for urinary tract infection market is driven by factors such as increasing prevalence of urinary tract infections and aging population. However, the lack of product awareness in emerging nations is expected to hamper the market growth during the forecast period. Growing emphasis on home diagnostics is anticipated to generate lucrative opportunities to the market players.
Form Type- Based Insights
Based on form type, the home diagnostics for urinary tract infection market is segmented into dipsticks, cup, dipslide, cassette, and others form types. In 2019, dipsticks held the largest share of the market, and it is expected to register the highest CAGR during the forecast period.
Distribution Channel- Based Insights
Based on distribution channel, the home diagnostics for urinary tract infection market is segmented into retail pharmacies & drug store, online pharmacies, and supermarket/hypermarket. The retail pharmacies & drug store segment held a largest share of the market in 2019. However, online pharmacies segment is estimated to register a higher CAGR in the market during the forecast period.
Growing number of technological and distribution collaborations and increasing emphasis on preventive care in developed and developing countries are projected to drive the market growth during the forecast period. Additionally, the introduction of advanced technologies with increased diagnostic efficiencies is also expected to offer lucrative growth opportunities to the market.
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