Clinical Laboratory Analyzers Market Worth Observing Growth Estimated By 2027 | Siemens AG, Thermo Fisher Scientific Inc., EKF Diagnostics, Roche Diagnostics, Alere Inc., Sysmex Corporation, Nihon Kohden Corporation, LexaGene Holdings, Inc., Diagnostica S

SMI has posted the latest research report on the Clinical Laboratory Analyzers Market. The Report on "Clinical Laboratory Analyzers" is a complete study presenting evaluation on factors trends and drivers contributing to the Growth of the Therapeutics. The report is organized concerning historic data. Estimation of contribution of segment is expressed in terms of volume and revenue for the forecast period. Market analysis and prospect is segmented in more than a few sections. Each sections focal point on awesome facets of the products that are anticipated to shape the market over the forecast period.

Clinical laboratory analyzers use measurement technologies including photometric and colorimetric testing, ion-selective potentiometry, and latex agglutination to analyze samples such as blood serum, plasma, and urine.

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Approval and launch of new products is expected to propel growth of the global clinical laboratory analyzers market over the forecast period. For instance, in March 2020, Instrumentation Laboratory launched GEM Premier ChemSTAT in vitro diagnostic analyzer, a whole-blood analyzer designed for rapid basic metabolic panel testing at the point of care, with Intelligent Quality Management in the U.S.

Moreover, increasing funding to boost adoption of clinical laboratory analyzers is also expected to aid in growth of the market. For instance, in May 2020, Hurley Medical Center, U.S. received a US$ 50,000 of emergency relief funds from the Community Foundation of Greater Flint to purchase lab equipment, specifically for a laboratory analyzer machine.

Increasing prevalence of chronic disorders is expected to offer lucrative growth opportunities for players in the global clinical laboratory analyzers market. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

The Covid-19 pandemic has led to decline in revenues of clinical laboratories, which is expected to hinder growth of the global clinical laboratory analyzers market. For instance, according to The Dark Intelligence Group Inc., clinical laboratories in the U.S. have witnessed decline in revenues by over US$ 5 billion since early March 2020.

Major players in the market are focused on patenting their products and technologies. For instance, in April 2020, LexaGene Holdings, Inc. filed a provisional patent application to the U.S. Patent and Trademark Office to protect the expanded testing capabilities of its LX Analyzer technology.

Key Takeaways:

-- Approval and launch of new products to augment growth of the global clinical laboratory analyzers market over the forecast period

-- Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in May 2020, EKF Diagnostics signed a three-year distribution agreement with Tosoh Europe N.V. for the distribution of its Quo-Test HbA1c point-of-care (POC) analyzer in the Middle East and Africa.

-- Major players operating in the global clinical laboratory analyzers market include, Siemens AG, Thermo Fisher Scientific Inc., EKF Diagnostics, Roche Diagnostics, Alere Inc., Sysmex Corporation, Nihon Kohden Corporation, LexaGene Holdings, Inc., Diagnostica Stago, Helena Laboratories, Instrumentation Laboratory, and International Technidyne Corporation.

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The data provided in the Clinical Laboratory Analyzers market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period. The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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