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The Urinalysis Systems Market to Reach $1.28 Billion by 2019 - MarketsandMarkets
  • USA - English


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MarketsandMarkets

Apr 19, 2015, 20:35 ET

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MarketsandMarkets
MarketsandMarkets

(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).

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.).

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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.

About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices

Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]

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