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Key Players are St. Jude Medical, Inc. (U.S.), Starkey Hearing Technologies (U.S.), PerkinElmer, Inc. (U.S.), Stryker Corporation (U.S.), and Affymetrix, Inc. (U.S.).
(PRWEB) April 20, 2015
The urinalysis market can be broadly divided into biochemical urinalysis and sediment urinalysis. The biochemical urinalysis market is highly fragmented due to presence of few big players and several small players. Prominent players in the biochemical urinalysis market include Siemens Healthcare (Germany), Roche Diagnostics (Switzerland) and Danaher Corporation (U.S.) while the key players in the sediment urinalysis market include Danaher Corporation (U.S.), Sysmex Corporation (Japan) and Urit Medical (China).
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Siemens Healthcare led the biochemical urinalysis market in 2013. The innovation-centric company invests heavily in R&D for maintaining its market share. It utilizes these investments to develop new technologies and promote products in the international market. In March 2015, the company launched CLINITEK AUWi PRO Automated Urinalysis System. This system provides both chemical as well as sediment analysis in one instrument. The company also focuses on expanding its business in emerging economies such as Asia and the Middle East, especially in countries such as Indonesia and Turkey, in the coming years.
Danaher Corporation led the sediment urinalysis market in 2013. The company focuses on both organic and inorganic growth strategies for maintaining its market share. In this regard, in September 2012, Beckman Coulter (a subsidiary of Danaher Corporation) acquired IRIS International, Inc. for $19.50 per share in cash. IRIS International is a major player in the urinalysis market and offers both automated and semi-automated urinalysis products. This acquisition added the urinalysis product portfolio to Beckman Coulter’s product line. Furthermore, the company possesses strong R&D, manufacturing, sales, distribution, service and administrative facilities in over 50 countries.
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New product launches accounted for the largest share of the overall growth strategies mapped from 2012 to 2014. Some of the leading players that adopted this strategy are Siemens Healthcare, ARKRAY and Roche Diagnostics. Expansion accounted for the second-largest share of the overall growth strategies adopted by players in the market.
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