The global urometer market size was US$ 431.9 million in 2021. The global urometer market is forecast to grow to US$ 740.9 million by 2030 by registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
Urometer is a device used to determine the specific gravity of urine.
Factors Influencing the Market
COVID-19 Impact Analysis
The COVID-19 pandemic upsurged the demand for urometers for the home healthcare setup. Due to the pandemic, demand for the home healthcare system increased to protect the aging population from the risk of infection at hospitals. As a result, patients preferred urometers for the home healthcare setup. Moreover, consumer spending on healthcare increased abruptly due to the wake of the pandemic. As a result, it has been beneficial for the global urometer market.
Regional Analysis
The Asia-Pacific urometer market is forecast to hold the largest share. It is owing to the large population base and increasing range of patients in China and India. Furthermore, the geriatric population is also growing steeply in the region, which is expected to offer lucrative growth opportunities for market growth. For instance, according to World Health Organization (WHO), there were approximately 85 million people in India aged 60 years or above in 2019. Moreover, nearly 166 million in China were of age 60 and above. Thus, this indicates that Asia-Pacific is forecast to dominate the global urometers market during the study period. Apart from that, growing investments by government bodies in the healthcare sector will also contribute to the growth of the urometer market.
Competitors in the Market
Market Segmentation
The global urometer market segmentation focuses on Product, Application, End-Use, and Region.
By Product
By Application
By End-Use
By Region