Global Automated Biochemistry Analyzers Market 2018-2022

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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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