Home Diagnostics for Urinary Tract Infection Market Overview by 2031
The Home Diagnostics for Urinary Tract Infection Market size is projected to reach US$ 1,803.88 million by 2031 from US$ 990.01 million in 2022. The market is expected to register a CAGR of 7.0% in 2023–2031. Development of innovative products for with the use of advanced computing technologies for urine diagnostics are likely to remain key Home Diagnostics for Urinary Tract Infection Market trends.
Home Diagnostics for Urinary Tract Infection Market Analysis
Urinary tract infection is the second most common condition affecting the large population globally and increasing prevalence of UTI owing to the various factors such as increased use of catheters, suppressed immune systems, physiological changes, and others. Additionally, increase in geriatric population that are prone to urinary tract infection owing to the weaker pelvic muscles that can cause retention and incontinence among older adults. Therefore, based on such factors home-based urinary tract diagnostics products offer better convenience for old age population, it is expected to anticipate the growth of home diagnostics for urinary tract infection market during the forecast period.
Home Diagnostics for Urinary Tract Infection Market Overview
Home Diagnostics for Urinary Tract infection is driven by the surging demand for cost effective and convenient testing options from the comfort of home. There are various home based UTI kits which allow individuals to have quick results of their tests. This helps in seeking proper treatment based on their conditions. Moreover, increase in home healthcare is expected to create opportunities for the home diagnostics urinary tract infection market. Moreover, increase in product innovation and launches are also expected to contribute the market growth. Some of the manufacturers have recently launched software connected test strip which can used for testing and can get instant results on the connected platform.
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Home Diagnostics for Urinary Tract Infection Market: Strategic Insights
Market Size Value in US$ 847.85 Million in 2019 Market Size Value by US$ 1,354.02 Million by 2027 Growth rate CAGR of 6.2% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Home Diagnostics for Urinary Tract Infection Market: Strategic Insights
Market Size Value in | US$ 847.85 Million in 2019 |
Market Size Value by | US$ 1,354.02 Million by 2027 |
Growth rate | CAGR of 6.2% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Speak to AnalystHome Diagnostics for Urinary Tract Infection Market Drivers and Opportunities
Increasing prevalence of Urinary Tract Infections to Favor Market
Increasing prevalence of urinary tract infection is one of the prominent factors to drive the growth of the Home Diagnostics for Urinary Tract Infection Market. For instance, according to BMC Infectious Diseases journal, urinary tract infections are second most common infectious disease affecting more than 150 million people worldwide. Certain risk factors such as sexual activity, poor hygiene, and aging are expected to cause urinary tract infection. Increasing incidence of these risk factors are also estimated to drive the Home Diagnostics for Urinary Tract Infection Market growth by 2031.
Encouragement for Home Diagnostics – An Opportunity for Home Diagnostics for Urinary Tract Infection
Advancements of healthcare across the globe and increasing emphasis on self and preventive care lead to the emergence of home-based diagnostics. The medical device manufacturers also focus on the implementation of new designs and prototypes to offer significant care to patients at home. Home diagnostics offer certain advantages such as improved patient care and experience, lower cost, and superior patient convenience, thereby driving the adoption of home diagnostics across the globe which in turn promote the home diagnostics for urinary tract infection market. Moreover, the introduction of advanced diagnostics products to detect urinary tract infections are equally projected to increase the adoption of home diagnostics during the forecast period. Furthermore, increasing emphasis of government authorities to encourage home care is likely to offer significant opportunity for the market growth during the forecast period.
Home Diagnostics for Urinary Tract Infection Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Home Diagnostics for Urinary Tract Infection Market analysis are form type, and distribution channel.
- Based on form type, the Home Diagnostics for Urinary Tract Infection Market is fragmented into dipsticks, cup, dip slide, cassette, and other form types. The dipsticks segment held a larger market share in 2023.
- By distribution channel, the market is segmented into retail pharmacies & drug store, online pharmacies, and supermarket/hypermarket. The retail pharmacies & drug store segment held the largest share of the market in 2023.
Home Diagnostics for Urinary Tract Infection Market Share Analysis by Geography
The geographic scope of the Home Diagnostics for Urinary Tract Infection Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the Home Diagnostics for Urinary Tract Infection Market with the US holding the largest market share, followed by Canada. The growth in the US is estimated due to rising cases of UTI, the rising development in the field of home diagnostics for UTI, and the presence of the startups offering home diagnostics for UTI. In Canada, the growth is determined based on the rising initiative by the government to lower down the cost required for diagnosing UTI at home and reduce the cost of treating complicated UTIs. Whereas, in Mexico, the rising demand for the home diagnostics kits for urinary tract infection is estimated to grow the market during the forecast period. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Home Diagnostics for Urinary Tract Infection Market Report Scope
Home Diagnostics for Urinary Tract Infection Market News and Recent Developments
The Home Diagnostics for Urinary Tract Infection Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for home diagnostics for urinary tract infection and strategies:
- The company launched a new at-home smart urinary tract infection (UTI) test at CES 2024, which will be powered by Vivoo’s deep learning image processing technology. (Source: Digital Health, Newsletter, 2024)
- The company introduced its revolutionary UTI Telehealth Bundle now available on Walmart.com and in select stores. Designed for rapid, convenient, and accessible at-home urinary tract infection (UTI) testing and treatment, this product empowers patients to self-test and get a diagnosis and treatment in minutes. (Source: AZOVA Health, Press Release, 2023)
- The company launched testing system in Europe for rapid detection of antimicrobial susceptibility. The System detects the presence or absence of bacteria and assesses the effectiveness of antimicrobials using urine samples from patients suspected of having urinary tract infections (UTIs). (Source: Sysmex Corporation, Newsletter, 2023)
Home Diagnostics for Urinary Tract Infection Market Report Coverage and Deliverables
The “Home Diagnostics for Urinary Tract Infection Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form Type ; Distribution Channel , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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