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Clinical Chemistry Analyzers Market based on Product (Reagents, Analyzers, and Other Products), Test Type (Basic Metabolic Panels, Liver Panels, Renal Panels, Lipid Profiles, Thyroid Function Panels, Electrolyte Panels, and Specialty Chemical Tests), End User, and Geography – Global Forecast up to 2026
- April, 2021
- Domain: Healthcare - Medical Devices
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Clinical chemistry analyzers are the computer-programmed devices employed for ascertaining and examining the sugar and protein levels present in the blood. These devices, within less time, provide precise outcomes since they possess exceptionally advanced technologies and are designed for such purpose. Clinical chemistry analysis is done to determine the clinical conditions such as nutritional state, kidney function, and liver function. Owing to the exponential advancements in technology and increasing healthcare industry requirements, the market is witnessing the highest CAGR during the forecast period. The upgraded production techniques and the emergence of dynamic software are few other factors that are anticipated to compel the clinical chemistry analyzers market's growth in the prevailing years. Besides that, the requirement of huge capital investments and lack of skilled laboratory labor is happening to restrict the overall market growth. The Clinical Chemistry Analyzers Market is anticipated to grow at the rate of 4.2% CAGR by 2026.
Research Methodology:
The Clinical chemistry analyzers Market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:
Clinical Chemistry Analyzers Market based on Product
- Reagents
- Analyzers
- Other Products
Clinical Chemistry Analyzers Market based on Test Type
- Basic Metabolic Panels
- Liver Panels
- Renal Panels
- Lipid Profiles
- Thyroid Function Panels
- Electrolyte Panels
- Specialty Chemical Tests
Clinical Chemistry Analyzers Market based on End-user
- Hospitals and Clinics
- Diagnostic Laboratories
- Research Laboratories & Institutes
- Other End Users
Clinical Chemistry Analyzers Market based on Geography
- North America
- Europe
- Asia Pacific
- Rest of World
The reagents segment has the highest share in the clinical chemistry analyzers market based on product. This is due to the presence of a vast collection of reagents in the market, serving various clinics' requirements. Most importantly, the reagents are cost-beneficial, have optimal sensitivity, linearity, and accuracy, which as a result, ensures limited performance variations.
As per the testing type insights, the basic metabolic panels' segment held a commanding share of the clinical chemistry analyzers market. This is ascribed to the increasing occurrence of lifestyle-associated diseases, including diabetes, overweight, and heart stroke. Rising consciousness among the public regarding the significance of point-of-care testing and the benefits of basic metabolic panel testing has led to the increasing acceptance of this test.
As per end-users of the clinical chemistry analyzers, the hospital segment has dominated the end-user segmentation. This is due to the large pool of patients in hospitals, continuous readmissions, and large samples. Additionally, the growing numerous government initiatives focusing on encouraging efficient diagnostic facilities to get faster outcomes and enhance overall efficiency are also likely to responsible for the segment growth.
The North American region has occupied a substantial share of the clinical chemistry analyzers market. The substantial share is ascribed to the rising healthcare spending, well-developed healthcare infrastructure, and rising population of the elderly. Moreover, the rising lifestyle-associated diseases are the key reason for the market growth in this region.
The increasing elderly population around the world will positively impact the growth of the clinical chemistry analyzers market. With the rapid increase in the old population, there is an increase in age-related diseases such as hypertension, liver and kidney diseases, and diabetes. The diagnosis and controlling of such diseases are accountable for the rising number of prescriptions for tests such as basic metabolic panel, thyroid function panels, and liver & renal panel. The growing number of chronic illnesses will escalate the demand for the tests prescribed for the diseases' precaution, diagnosis, and treatment.
This report provides the profiles of the major competitors of the clinical chemistry analyzers market, which include: F. Hoffmann-La Roche Ltd., Randox Laboratories Ltd., Trivitron Healthcare Pvt. Ltd., Mindray Medical International Ltd., Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc., HORIBA Ltd., Sysmex Corporation, EKF Diagnostics, Abbott Laboratories, ELITech Group, Danaher Corporation, BIOBASE Group, and SFRI Medical Diagnostics.
Hence, most people are looking for precaution instead of suffering from a disease, so tests are being taken to diagnose and prevent it. Clinical chemistry analyzers are playing a prominent role in the diagnosis of an increasing number of diseases.
- Market trends such as drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations are provided in this report.
- Market share evaluations for the geographical and country-level segments and strategic guidance for the new entrants are presented in this study.
- This research helps shareholders identify their competitors better and gain more information to stimulate their business position.
- Company profiling with detailed strategies, financials, and recent developments latest technological advancements are depicted in this study.
- Executive Summary
- Industry Outlook
- Industry Overview
- Industry Trends
- Market Snapshot
- Market Definition
- Market Outlook
- Porter Five Forces
- Related Markets
- Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- DRO - Impact Analysis
- Product: Market Size & Analysis
- Overview
- Reagents
- Analyzers
- Other Products
- Test Type: Market Size & Analysis
- Overview
- Basic Metabolic Panels
- Liver Panels
- Renal Panels
- Lipid Profiles
- Thyroid Function Panels
- Electrolyte Panels
- Specialty Chemical Tests
- End-User: Market Size & Analysis
- Overview
- Hospitals and Clinics
- Diagnostic Laboratories
- Research Laboratories & Institutes
- Other End Users
- Geography: Market Size & Analysis
- Overview
- North America
- Europe
- Asia Pacific
- Rest of the World
- Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
- Mergers and Acquisitions, Legal, Awards, Partnerships
- Product Launches and execution
- Vendor Profiles
- F. Hoffmann-La Roche Ltd.
- Randox Laboratories Ltd.
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- Trivitron Healthcare Pvt. Ltd.
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- Mindray Medical International Ltd.
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- Ortho Clinical Diagnostics
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- Thermo Fisher Scientific Inc.
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- HORIBA Ltd.
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- Sysmex Corporation
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- EKF Diagnostics
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- Abbott Laboratories
- Overview
- Financial Overview
- Product Offerings
- Developments
- Business Strategy
- Companies to Watch
- ELITech Group
- Overview
- Products & Services
- Business Strategy
- Danaher Corporation
- Overview
- Products & Services
- Business Strategy
- BIOBASE Group
- Overview
- Products & Services
- Business Strategy
- SFRI Medical Diagnostics
- Overview
- Products & Services
- Business Strategy
- ELITech Group
- Analyst Opinion
- Annexure
- Report Scope
- Market Definitions
- Research Methodology
- Data Collation and In-house Estimation
- Market Triangulation
- Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations
Research Framework
Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
- Forecasting
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Market related information is congregated from both primary and secondary sources.
Primary sources
involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources
include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.