Press release
Clinical Chemistry Analyzers Market to reach up to USD 19.7 billion by 2031 | F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), Abbott Laboratories (US)
Global Clinical Chemistry Analyzers Market 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.
Market Trends and Drivers
The key factor propelling the growth of the market is the rising geriatric population coupled with the increasing prevalence of chronic and lifestyle diseases. The increasing geriatric population in developed and developing regions will positively influence the growth of the clinical chemistry analyzers market. Owing to rapid growth in the elderly population, the prevalence of age-associated diseases like hypertension, diabetes, cardiovascular, liver, and kidney diseases are anticipated to increase significantly. The diagnosis and management of such diseases are responsible for the rising number of prescriptions for tests like basic metabolic panel, lipid profile, and liver & renal panel.
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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.
Global Clinical Chemistry Analyzers Market by End User
Based on end user, it is segmented into hospitals & clinics, diagnostic laboratories, research laboratories & institutes, and others. The hospitals & clinics segment is likely to dominate the market during the forecast period. The key factors such as growing adoption of point of care testing devices coupled with increasing demand for laboratory automation is propelling the market growth.
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Geographical Analysis of Global Clinical Chemistry Analyzers Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest share of the global clinical chemistry analyzers market. The growth is primarily attributed to the increasing geriatric population coupled with the increasing prevalence of chronic and lifestyle conditions, implementation of favorable government initiatives, increasing healthcare expenditure, improved healthcare infrastructure, and the availability of technologically advanced instruments.
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)
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