Press release
Fully Automatic Biochemistry Analyzer Market Insights 2024: Technological Innovations Driving Growth
Fully Automatic Biochemistry Analyzer Market Insights
The new report published by The Business Research Company, titled Fully Automatic Biochemistry Analyzer Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the fully automatic biochemistry analyzer market size has grown strongly in recent years. It will grow from $3.23 billion in 2023 to $3.39 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The fully automatic biochemistry analyzer market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
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What Is Driving The Growth Of The Global Fully Automatic Biochemistry Analyzer Market?
Growth In Clinical And Research Laboratories Driving Demand For Fully Automatic Biochemistry Analyzers
The growth in clinical and research laboratories is expected to propel the growth of the fully automatic biochemistry analyzer market going forward. Clinical and research laboratories refer to facilities that perform diagnostic tests and conduct scientific research on biological samples. The growth in clinical and research laboratories has gained traction due to increased investments in biomedical research, clinical trials, and personalized medicine. Additionally, significant funding from governments, private organizations, and grants supports the growth of research facilities and laboratories. Fully automatic biochemistry analyzers enhance the efficiency and accuracy of clinical and research laboratories by automating complex testing processes while also helping labs manage large volumes of samples, ensure consistent results, and support advanced research initiatives. For instance, in February 2023, according to the World Health Organization, a US-based Intergovernmental organization, the number of clinical trials in South East Asia in 2021 was 10,966, which rose to 11,030 in 2022. Therefore, growth in clinical and research laboratories is driving the fully automatic biochemistry analyzer market.
What Is The Key Trend In The Global Fully Automatic Biochemistry Analyzer Market?
A Compact Solution For Automated Urine Sediment Testing
Major companies operating in the fully automatic biochemistry analyzer market are developing innovative biochemistry analyzers, such as fully automated urine sediment testing analyzers, to enhance diagnostic precision, streamline laboratory workflows, and cater to diverse facility needs. Urine sediment testing analyzers are diagnostic tools that automatically classify and measure urine particles such as red and white blood cells, bacteria, and other substances. For instance, in September 2022, Sysmex Corporation, a Japan-based laboratory testing reagents and laboratory equipment manufacturing company, launched the UF-1500 fully automated urine particle analyzer, designed to advance urine sediment testing. The product builds on the capabilities of Sysmex's flagship UF-5000 model but is more compact, reducing its footprint by approximately 30%. This new analyzer offers high functionality and usability while catering to the needs of small and medium-sized facilities, as well as serving as a backup system for larger facilities. It automates the classification and measurement of urine particles such as red and white blood cells and bacteria, which are crucial for diagnosing renal and urinary tract disorders.
How Is The Global Fully Automatic Biochemistry Analyzer Market Segmented?
The fully automatic biochemistry analyzer market covered in this report is segmented -
1) By Type: Bench Top, Floor-Standing
2) By Application: Disease Diagnosis, Drugs Of Abuse testing, Drug Discovery, In Vitro Diagnosis, Other Applications
3) By End Users: Pharmaceutical And Biotech Companies, Hospitals And Clinics, Diagnostic Laboratories, Point Of Care Centers, Other End-Users
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How Is The Competitive Landscape Of The Global Fully Automatic Biochemistry Analyzer Market?
Major companies operating in the fully automatic biochemistry analyzer market are Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Siemens Healthineers, Fujifilm Corporation, Becton Dickinson (BD) Company, Agilent Technologies, Mindray Bio-Medical Electronics Co. Ltd., Hitachi High-Technologies Corporation, Beckman Coulter Inc, Sysmex Corporation, Bio-Rad Laboratories Inc, Ortho Clinical Diagnostics, Horiba Medical Ltd, DiaSorin S.p.A., Randox Laboratories Ltd., Luminex Corporation, Schiller AG, Dirui Industries Co. Ltd., Trivitron Healthcare Ltd, EKF Diagnostics Holdings plc, A. Menarini Diagnostics Srl, Analytical Technologies Limited, Urit Medical Electronic Group, Adaltis Inc.
Contents Of The Global Fully Automatic Biochemistry Analyzer Market
1. Executive Summary
2. Fully Automatic Biochemistry Analyzer Market Report Structure
3. Fully Automatic Biochemistry Analyzer Market Trends And Strategies
4. Fully Automatic Biochemistry Analyzer Market - Macro Economic Scenario
5. Fully Automatic Biochemistry Analyzer Market Size And Growth
…..
27. Fully Automatic Biochemistry Analyzer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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