Automated Analyzers Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 126

SKU: IRTNTR72881

Snapshot

The automated analyzers market share is expected to increase by USD 1.96 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.53%. This market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The market report also offers information on several market vendors, including Agilent Technologies Inc., Aurora Biomed Inc., Beckman Coulter Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Drucker Diagnostics LLC, Eppendorf AG, F. Hoffmann La Roche Ltd., Hitachi High Tech Corp., Honeywell International Inc., Hudson Robotics Inc., KPM Analytics, Medsource Ozone Biomedicals Pvt. Ltd., PerkinElmer Inc., Shimadzu Corp., Siemens Healthineers AG, Synchron Lab Automation, Tecan Group Ltd., Thermo Fisher Scientific Inc., and Tosoh Corp. among others. Furthermore, this report extensively covers market segmentation by type (biochemistry analyzers, immuno-based analyzers, and haematology analyzers) and geography (North America, Europe, Asia, and Rest of World (ROW)).

What will the Automated Analyzers Market Size be During the Forecast Period?

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Automated Analyzers Market: Key Drivers, Trends, and Challenges

The rising prevalence of infectious diseases is notably driving the market growth, although factors such as the shortage of skilled professionals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automated analyzers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automated Analyzers Market Driver

The rising prevalence of infectious diseases is one of the key drivers supporting market growth. According to the WHO, infectious diseases are the world's leading cause of death, accounting for more than 13 million deaths per year, with one in every two deaths occurring in underdeveloped nations such as Niger, Central African Republic, and Chad. Several infectious diseases, including pneumonia, tuberculosis, malaria, and HIV, account for about 90% of mortality. Infectious disorders are spreading fast in developing countries such as Colombia, China, India, and Iran. Moreover, the growing usage of immunoassay analyzers to diagnose infectious diseases is boosting the growth of the market. Thus, the market is expected to grow at a significant rate during the forecast period.

Key Automated Analyzers Market Trend

Rising clinical diagnostic of immunoassay analyzers for various applications is one of the key market trends that is contributing to the market growth. Immunoassay analyzers are widely used in various significant areas such as pharmaceutical analysis, which includes drug discovery, diagnosis, and others. The analysis involves measuring low concentrations of low molecular weight drugs, metabolites, and biomarkers that indicate disease diagnosis. The significant immunoassay methods in pharmaceutical analysis are inclined to inherent specificity, high throughput, and high sensitivity for the analysis of an extensive range of analytes in biological samples. Thus, the rising adoption of automated immunoassay analyzers for applications such as drug discovery, cardiology, and infectious disease is driving the growth of the market.

Key Automated Analyzers Market Challenge

The shortage of skilled professionals is one of the factors hindering market growth. Automated analyzers are often large and complex and require sophisticated analysis software for various measurement procedures. This means that the operation of these instruments and the analysis of samples require the user to have considerable training. Therefore, companies must invest heavily in providing training to their employees on how to use these instruments effectively. The limited number of such trained professionals is posing challenges to the growth of the market and will continue to do so during the forecast period. Thus, the shortage of skilled labour and the growing sophistication of automated analyzers will prove to be a challenge to the growth of the market during the forecast period.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automated analyzers market as a part of the global healthcare equipment market.. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Automated Analyzers Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Agilent Technologies Inc. - Diagnostics and genomics segment includes the genomics, nucleic acid contract manufacturing and research and development, pathology, companion diagnostics, microfluid business, and reagent partnership businesses.
Agilent Technologies Inc. - The company offers automated analyzers that provides accurate sample quality control of nucleic acids for a multitude of applications.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automated Analyzers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automated Analyzers Market?

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44% of the market's growth will originate from North America during the forecast period. The US is the key market for automated analyzers in North America. Market growth in this region will be faster than the growth of the market in ROW.

The significant investments in healthcare research and testing will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 positively impacted the market in North America, owing to the increasing need for blood testing for patients with COVID-19 complications. The growth is expected to be the same during the forecast period.

What are the Revenue-generating Type Segments in the Automated Analyzers Market?

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The market share growth by the biochemistry analyzers segment will be significant during the forecast period. Biochemistry analyzers are instruments that are used to examine biological samples such as urine, blood, CSF, and other bodily fluids. It is based on the photochemical concept of Beer-Lambert Law. For testing the qualities of the sample, these devices are equipped with optical and electrochemical technologies. The majority of these analyzers use spectrometric, fluoroscopic, colourimetric, and absorption detection techniques to perform the measurements. Thus, such factors are expected to drive segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

Automated Analyzers Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.53%
Market growth 2022-2026	$ 1.96 billion
Market structure	Fragmented
YoY growth (%)	6.01
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 44%
Key consumer countries	US, UK, Germany, France, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Agilent Technologies Inc., Aurora Biomed Inc., Beckman Coulter Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Drucker Diagnostics LLC, Eppendorf AG, F. Hoffmann La Roche Ltd., Hitachi High Tech Corp., Honeywell International Inc., Hudson Robotics Inc., KPM Analytics, Medsource Ozone Biomedicals Pvt. Ltd., PerkinElmer Inc., Shimadzu Corp., Siemens Healthineers AG, Synchron Lab Automation, Tecan Group Ltd., Thermo Fisher Scientific Inc., and Tosoh Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behaviour
The growth of the automated analyzers industry across North America, Europe, Asia, and Rest of World (ROW)
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type

5.3 Biochemistry analyzers - Market size and forecast 2021-2026
- Exhibit 28: Chart on Biochemistry analyzers - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Biochemistry analyzers - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Biochemistry analyzers - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Biochemistry analyzers - Year-over-year growth 2021-2026 (%)

5.4 Immuno-based analyzers - Market size and forecast 2021-2026
- Exhibit 32: Chart on Immuno-based analyzers - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Immuno-based analyzers - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Immuno-based analyzers - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Immuno-based analyzers - Year-over-year growth 2021-2026 (%)

5.5 Hematology analyzers - Market size and forecast 2021-2026
- Exhibit 36: Chart on Hematology analyzers - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Hematology analyzers - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Hematology analyzers - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Hematology analyzers - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 Asia - Market size and forecast 2021-2026
- Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)

7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

7.7 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.8 UK - Market size and forecast 2021-2026
- Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 France - Market size and forecast 2021-2026
- Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

7.12 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Agilent Technologies Inc.
- Exhibit 89: Agilent Technologies Inc. - Overview
- Exhibit 90: Agilent Technologies Inc. - Business segments
- Exhibit 91: Agilent Technologies Inc. - Key news
- Exhibit 92: Agilent Technologies Inc. - Key offerings
- Exhibit 93: Agilent Technologies Inc. - Segment focus

10.4 Becton Dickinson and Co.
- Exhibit 94: Becton Dickinson and Co. - Overview
- Exhibit 95: Becton Dickinson and Co. - Business segments
- Exhibit 96: Becton Dickinson and Co. - Key news
- Exhibit 97: Becton Dickinson and Co. - Key offerings
- Exhibit 98: Becton Dickinson and Co. - Segment focus

10.5 Bio Rad Laboratories Inc.
- Exhibit 99: Bio Rad Laboratories Inc. - Overview
- Exhibit 100: Bio Rad Laboratories Inc. - Business segments
- Exhibit 101: Bio Rad Laboratories Inc. - Key news
- Exhibit 102: Bio Rad Laboratories Inc. - Key offerings
- Exhibit 103: Bio Rad Laboratories Inc. - Segment focus

10.6 F. Hoffmann La Roche Ltd.
- Exhibit 104: F. Hoffmann La Roche Ltd. - Overview
- Exhibit 105: F. Hoffmann La Roche Ltd. - Business segments
- Exhibit 106: F. Hoffmann La Roche Ltd. - Key news
- Exhibit 107: F. Hoffmann La Roche Ltd. - Key offerings
- Exhibit 108: F. Hoffmann La Roche Ltd. - Segment focus

10.7 Honeywell International Inc.
- Exhibit 109: Honeywell International Inc. - Overview
- Exhibit 110: Honeywell International Inc. - Business segments
- Exhibit 111: Honeywell International Inc. - Key news
- Exhibit 112: Honeywell International Inc. - Key offerings
- Exhibit 113: Honeywell International Inc. - Segment focus

10.8 Hudson Robotics Inc.
- Exhibit 114: Hudson Robotics Inc. - Overview
- Exhibit 115: Hudson Robotics Inc. - Product / Service
- Exhibit 116: Hudson Robotics Inc. - Key offerings

10.9 PerkinElmer Inc.
- Exhibit 117: PerkinElmer Inc. - Overview
- Exhibit 118: PerkinElmer Inc. - Business segments
- Exhibit 119: PerkinElmer Inc. - Key news
- Exhibit 120: PerkinElmer Inc. - Key offerings
- Exhibit 121: PerkinElmer Inc. - Segment focus

10.10 Siemens Healthineers AG
- Exhibit 122: Siemens Healthineers AG - Overview
- Exhibit 123: Siemens Healthineers AG - Business segments
- Exhibit 124: Siemens Healthineers AG - Key news
- Exhibit 125: Siemens Healthineers AG - Key offerings
- Exhibit 126: Siemens Healthineers AG - Segment focus

10.11 Synchron Lab Automation
- Exhibit 127: Synchron Lab Automation - Overview
- Exhibit 128: Synchron Lab Automation - Product / Service
- Exhibit 129: Synchron Lab Automation - Key offerings

10.12 Tecan Group Ltd.
- Exhibit 130: Tecan Group Ltd. - Overview
- Exhibit 131: Tecan Group Ltd. - Business segments
- Exhibit 132: Tecan Group Ltd. - Key offerings
- Exhibit 133: Tecan Group Ltd. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources

11.5 List of abbreviations
- Exhibit 140: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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