The global Clinical Chemistry Analyzers market was valued at USD 10.48 Billion in 2018 and is expected to reach USD 15.91 Billion by the year 2026, at a CAGR of 5.7 percent. Clinical chemical analysers are the computerized equipment used to analyze the stages of sugar and protein in blood. Owing to their accuracy and time efficiency, these devices are used for the analysis of various diseases such as diabetes, hyperlipemia, among others.
Increase in incidences of chronic lifetime diseases, and an increasing aging population are the factors that drive the global clinical chemistry analyzers market during the forecast period. The technological advancements in clinical chemistry analyzers such as StaRRsed Inversa automated erythrocyte sedimentation rate (ESR) analyzer, computer-assisted interpretation, and artificial intelligence have enabled large scale testing, have led to early-stage disease detection of diseases in the various areas such as oncology, gynecology, endocrinology. Moreover, consistent efforts by healthcare organizations to increase the reliability of data fuels the demand for clinical chemical analyzers. Moreover, increasing awareness regarding preventative healthcare and specialized diagnostic methods, and rising healthcare expenditure are the factors expected to propel the market growth during forecast period. The Clinical chemistry analyzers market is much fragmented and includes a large number of manufacturing giants as well as emerging players. Additionally, the emerging players have a good opportunity to enter the clinical chemistry analyzers market, owing to developments in the market and high demand from end-use industries.
Top Companies Profiled in the Report Include:
Roche, Thermo Fisher, Johnson Johnson, and Siemens, Beckman Coulter.
Further key findings from the report suggest
Growing demand for clinical chemistry analyzers for various applications such as monitoring disease, drugs of abuse testing is also resulting in high growth of the market
Europe is expected to be the fastest growing market segment with a CAGR of 5.9% owing to increased healthcare spending by governments of the countries in Europe
Based on the type of test, the lipid profile segment is expected to grow at the highest CAGR of 6.3% during the forecast period
Asia Pacific region is expected to witness lucrative growth at CAGR of 5.2% owing to high prevalence rate of chronic diseases and the growing geriatric population in the region.
However, the high cost of analyzers and risk of result uncertainty are some of the restraining factors for the clinical chemistry analyzers market growth over the forecast period.
Additionally, the report consists a detailed analysis of the segmentation of the Clinical Chemistry Analyzers market based on product types and end-use/application offered in the Clinical Chemistry Analyzers market -
Product (Revenue, USD Million; 2016–2026)
Test Type (Revenue, USD Million; 2016–2026)
Basic Metabolic Panel
Thyroid Function Panel
Specialty Chemical Panel
End Use (Revenue, USD Million; 2016–2026)
Academic Research Centers
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Clinical Chemistry Analyzers market in these key regions.
Country-wise regional analysis covers:
- North America
- Asia Pacific
- Latin America
- Middle East Africa
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