Urinary Tract Infection Testing: Market Insights
Urinary tract infection is one of the most common bacterial infection affecting almost 150 million people worldwide. Urinary tract infection mostly occurs in urinary tract which is caused by bacteria, viruses and fungi. Some of the bacteria that cause urinary tract infection such as Escherichia coli, Klebsiella species, Pseudomonas aeruginosa, Proteus species and Enterococcus species. According to Center for Disease Control and Prevention urinary tract infection surveillance report 2018, an estimate of 93,300 morbidity cases were observed in acute care hospitals. Recurrent urinary tract infection is a major health issue in females across the globe. According to European Association of Urology, there is an increase in bacterial resistance to antibiotics in the region which leads to more research and development for novel therapeutics. With latest upcoming techniques, urinary tract infection testing market will fuel the growth of the market
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Urinary Tract Infection Testing: Market Dynamics
Urinary tract infection is expected to register significant growth in the market owing to rising prevalence of urinary tract infection globally. Increasing geriatric population is a another factor that is expected to boost the demand for urinary tract infection testing as the elderly population is at the high risk of contracting the same. Moreover, patients that use urinary catheters are more likely to contract complicated urinary tract infection. This adds on another factor that will spur the growth of the urinary tract infection testing market. Apart from this, manufacturers are currently focus on developing new imaging techniques for urinary tract infection testing which may drive the growth of the urinary tract infection testing market. However, stringent and complex regulatory approvals for new launch of equipment and lack of government funding for research and development in developing countries may restrain the growth of the market.
Urinary Tract Infection Testing Market: Overview
There has been an increase in the number of urinary tract infection patients across the globe. Urinary tract infection contributes to the second-largest patient pool in the world. Increasing prevalence and demand for better treatment option is likely to foster the growth of the market. Launch of new testing kits and devices will accelerate the growth of the urinary infection testing market. For instance, in June 2019, MiDOG, LLC announced the launch of new collection of urine kit and test for the diagnosis of fungal and bacterial pathogens in urinary tract infections of canine. With the launch of new technologies and increase in number of urinary tract infection testing kits and devices players, the urinary tract infection testing will spur the growth of the market.
Urinary Tract Infection Testing: Region-wise Outlook
On the basis of geography, the global urinary tract infection testing market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan and Middle East & Africa. North America is expected to anticipate substantial revenue generation in urinary tract infection testing market owing to advancement in research and development, increased in launch of new urinary tract infection testing devices and instruments. Europe also share significant revenue generation in urinary tract infection testing market owing to increase in adoption of new technologies and improved healthcare infrastructure. Asia Pacific has significant potential in stimulating the growth of the urinary tract infection testing market due to increasing prevalence of urinary tract infection and rising awareness about various bacterial infection. Middle East and Africa has less impact in urinary tract infection testing market due to poor healthcare infrastructure and less availability of diagnostic procedures which may hinder the growth of the urinary tract infection testing market.
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Urinary Tract Infection Testing Market: Key Players
Some of the key players present across the value chain of the global urinary tract infection testing market are Laboratory Corporation of America Holdings, Stryker, PENTAX Medical, Seimens Healthineers, Sysmex Corporation, Cardinal Health, Roche Diagnostics, Arkray Inc, Alere Inc., Streck, Quidel Corporation, Beckman Coulter, Bio-Rad Laboratories, DIRUI, ACON Laboratories, URIT Medical Electronic Ltd.