Press release
Clinical Chemistry Analyzers Market size to surpass around USD 19.7 billion by 2031
The global clinical chemistry analyzers market was valued at USD 12.6 billion in 2021 and it is anticipated to grow at 4.2% CAGR during the forecast period to reach up to USD 19.7 billion by 2031.Global Clinical Chemistry Analyzers report from Global Insight Services is the single authoritative source of intelligence on Clinical Chemistry Analyzers market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Clinical chemistry analyzers are used to calculate the concentration of certain electrolytes, metabolites, and drugs in serum, cerebrospinal fluid, and other body fluids among others. It creates an accurate result within the lease period and is planned for extremely advanced technology. It is used to validate health conditions like nutritional status, liver functions, and kidney functions among others. Different types of tests such as lipid profile, liver panel, and a renal panel comprising therapeutic drugs are used to enhance metabolic functions. Rising demand for clinical tests and the increasing prevalence of endocrine diseases are the major factors driving the growth of the market.
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Major Players in Global Clinical Chemistry Analyzers Market
The key players in the global clinical chemistry analyzers market are F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), Abbott Laboratories (US), Thermo Fisher Scientific Inc. (US), Siemens AG (Germany), HORIBA Ltd. (Japan), Sysmex Corporation (Japan), HITACHI (Japan), EKF Diagnostics (UK), Ortho Clinical Diagnostics (US), ELITech Group (France), Mindray Medical International Ltd. (China), BIOBASE Group (China), SFRI Medical Diagnostics (France)
Global Clinical Chemistry Analyzers Market Segmentation
The report analyses the global clinical chemistry analyzers market based on product, test type, end user, and region.
Global Clinical Chemistry Analyzers Market by Product
Based on product, it is segmented into reagents, analyzers, and other products. The reagents segment is likely to dominate the market during the forecast period. The recurrent requirement of reagents in large numbers as compared to analyzers is the primary factor boosting the growth of this segment.
Global Clinical Chemistry Analyzers Market by Test Type
Based on test type, it is segmented into basic metabolic panels, liver panels, renal panels, lipid profiles, thyroid function panels, electrolyte panels, and specialty chemical tests. The basic metabolic panel tests segment accounted for the largest share during the forecast period. This can be attributed to the increasing incidence of diabetes and other lifestyle and chronic diseases and the increasing trend of preventive healthcare.
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