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The global automated biochemistry analyzers market is expected to expand at a CAGR of more than 6% during the forecast period
Automated biochemistry analyzers industry growth is expected to accelerate over the next five years, driven by growing awareness of congenital malformations, chromosomal disorders, and single gene disorders. The Americas will drive almost two-fifths of the growth of automated biochemistry analyzers industry worldwide, while EMEA and APAC are also predicted to make significant contributions to the incremental growth in the forecast period. The Americas held the largest market share in 2017, followed by EMEA and APAC. However, the Americas and EMEA are expected to witness a decline in the global market share, while APAC is poised to register a significant growth at the end of the forecast period. Technavio’s automated biochemistry analyzers industry analysis reveals promising markets around the world.
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Increase in geriatric population will boost the adoption of automated biochemistry analyzers
The growth in the aging population worldwide will boost the demand for automated biochemistry analyzers. Automated biochemistry analyzers are increasingly being used in the determination of the health condition of a person by analyzing body fluid samples like blood and urine. In addition, the rising number of age-related ailments such as kidney, liver, and heart will contribute to the growth of the automated biochemistry analyzers market. The increased preference for preventive healthcare has boosted the demand for early detection and treatment of age-related health conditions, which in turn, will augment the growth of automated biochemistry analyzers market in the forecast period.
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Abbott, Danaher, and Hitachi are among the leading vendors in the automated biochemistry analyzers market
The automated biochemistry analyzers industry market is becoming reasonably fragmented with the presence of several vendors who offer products for determination of the health of a person by analyzing blood and urine samples. Large and established vendors of automated biochemistry analyzers are focusing on developing advanced hematology analyzers to cater to healthcare centers and research institutes. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their competitors.
This report offers a complete analysis of several companies, including:
- Abbott
- Danaher
- Hitachi
- Roche
- Siemens
- Thermo Fisher Scientific
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY END-USERS
- Segmentation by end-users
- Comparison by end-users
- Healthcare centers – Market size and forecast 2017-2022
- Research organizations and academic institutes – Market size and forecast 2017-2022
- Market opportunity by end-users
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Americas – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- APAC – Market size and forecast 2017-2022
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Increasing use of biochemical tests for pregnancy-related issues
- Growth in the incidence of lifestyle and chronic diseases
- Growth of the rental market for medical devices
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Abbott
- Danaher
- Hitachi
- Roche
- Siemens
- Thermo Fisher Scientific
PART 15: APPENDIX
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