The global urinalysis market is projected to reach USD 4.6 billion by 2024, at a CAGR of 7.6 percent, according to MarketsandMarkets. The integrated systems for urinalysis and the emerging economics are expected to provide a wide range of growth opportunities for players in the market. The demand within the global market for urinalysis has been rising on account of the heavy incidence of diabetes across the globe. The primary screening for diabetes involves urinalysis, and this trend has been gaining momentum across the world. Besides this, the increasing incidence of prostate cancer has also resulted in an increase in demand within the global urinalysis market. A number of market analysts predict that the emergence of better and quicker means of urinalysis would aid the growth of the global urinalysis market in the years to come.
Since the global market for urinalysis is directly related to the medical and healthcare industries, the market vendors have collaborated with hospitals and healthcare centers. The hospitals and healthcare centers have played a pivotal role in enhancing the growth prospects of the vendors. Furthermore, the market vendors have also incorporated safer and more hygienic standards for conducting urinalysis. It is projected that the global urinalysis market would witness multiple mergers, strategic partnerships, and acquisitions over the forthcoming years.