UTI testing market projected to increase at 6% CAGR until 2030
The market is expected to reach $893m within the forecast period.
The global market for urinary tract infection (UTI) testing is estimated to grow at a compound annual growth rate (CAGR) of around 6% to reach $893m by 2030.
A report by DelveInsight revealed that the rising prevalence of global UTI cases is driving the demand for efficient and accurate testing methods, resulting in the development of rapid and more reliable tools for diagnosis.
“Traditional methods like urine culture are being supplemented or replaced by faster and more convenient methods such as point-of-care testing and molecular diagnostics,” The report said.
Meanwhile, the integration of artificial intelligence (AI) and machine learning algorithms contributes to market growth by enhancing diagnosis accuracy and efficiency.
Moreover, increasing healthcare expenditure in emerging economies is also driving the market’s expansion with more individuals seeking medical attention amidst improved access to services and a rise in disposable incomes.
“Additionally, initiatives aimed at promoting awareness about UTIs and preventive healthcare measures are further stimulating market growth,” the report added.