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.
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.
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.
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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. The growth in chronic illnesses will increase the demand for tests prescribed for the prevention, diagnosis, and treatment of the same. These factors, alongside the growing trend for preventive medicine, is expected to drive the demand for clinical chemistry analyzers during the projection period.
Market Segments
By Product
- Reagents
- Analyzers
By Test Type
- Basic Metabolic Panels
- Liver Panels
- Renal Panels
By End User
- Hospitals & Clinics
- Diagnostic Laboratories
- Research Laboratories & Institutes
By Region
- North America
- The U.S.
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Key Players
- 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)
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