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.
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 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.
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.
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.
Key segments that contributed to the derivation of the Home Diagnostics for Urinary Tract Infection Market analysis are form type, and distribution channel.
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.
The regional trends and factors influencing the Home Diagnostics for Urinary Tract Infection Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Home Diagnostics for Urinary Tract Infection Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 990.01 Million |
Market Size by 2031 | US$ 1,803.88 Million |
Global CAGR (2023 - 2031) | 7.0% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Form Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Home Diagnostics for Urinary Tract Infection Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Home Diagnostics for Urinary Tract Infection Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
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 “Home Diagnostics for Urinary Tract Infection Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: