According to the current analysis of Reports and Data, 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 analyzers 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.
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Leading Players Profiled in the Report Include:
Roche, Thermo Fisher, Johnson & Johnson, and Siemens, Beckman Coulter
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.
A significant number of different products have been launched and developed in the clinical chemistry analyzers market. Key companies involved in the market are constantly improving their product portfolio and developing their product offerings. For instance, in July 2015, EKF Diagnostics, the global in vitro diagnostics company, announced the international launch of the Altair 240 clinical chemistry analyzer at the American Association for Clinical Chemistry’s (AACC) Annual Meeting and Clinical Lab Expo Meet in Atlanta, U.S.
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.
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For the purpose of this report, Reports and Data has segmented the Clinical Chemistry Analyzers market on the basis of product, test type, end use, and region:
Product (Revenue, USD Million; 2016–2026)
Test Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Rising prevalence of kidney diseases
3.2. Global prevalence of nutritional diseases
3.3. Worldwide cases of chronic diseases like diabetes
Continued…
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