Global Clinical Chemistry Analyzers Market 2017-2021

Global clinical chemistry analyzers market forecast

According to the clinical chemistry analyzers industry analysis, research analysts at Technavio predict that the global clinical chemistry analyzers market will grow steadily during the next four years and post a CAGR of over 2% by 2021. This market research analysis identifies the rising demand for automation and integration of multiple processes as one of the primary factors for the clinical chemistry analyzers market growth. Clinical laboratories rely on automation to solve the challenges that include a lack of skilled personnel, pressures to maintain cost while increasing productivity, and errors associated with manual processes. The usage of automated clinical chemistry helps to integrate both analytical and pre-analytical processes. Additionally, the automated analyzers can perform 500-800 tests per hour and handle a large number of blood and body fluid samples.

One of the latest trends that will gain traction in the clinical chemistry analyzers market in the coming years is the focus on fully automated clinical chemistry analyzers. The fully automated clinical chemistry analyzers in the market can perform functions such as the recognition of sample and reagent bottles, tube sampling, cap piercing, automatic re-run, and dilution. Additionally, they can also perform immunoassays and chromogenic assays by using a smaller sample and reagent volume.

Competitive landscape and key vendors

Due to the presence of numerous global, regional, and local vendors, this market appears to be highly competitive. The market penetration for clinical chemistry analyzers is increasing due to the rising demand for automated clinical chemistry analyzers in the emerging economies and with the rise in the rate of diabetes and renal disorders. Tier-1 and Tier-2 companies are engaged in M&As, which help in strengthening the product line.

The leading vendors in the market are 

• Abbott Laboratories
• F. Hoffmann-La Roche
• Thermo Fisher Scientific

The other prominent vendors in the market include Danaher, Analytik Jena, BioSystems Diagnostics, DiaSys Diagnostic Systems, Diatron, EKF Diagnostics, ELITechGroup, HORIBA, Randox Laboratories, SFRI, and Shenzhen Mindray Bio-Medical Electronics.

Segmentation by end-users and analysis of the clinical chemistry analyzers market

• Hospitals and clinics
• Diagnostic laboratories

During 2016, the hospital and clinics segment accounted for the major shares and dominated this market. Hospitals and clinics play a critical role in the diagnosis, treatment, and monitoring patient's response to treatment and disease surveillance programs and clinical researches. The clinical chemistry analyzers are used in such medical institutions to test blood samples and other body fluids for detecting diseases and infections. This factor aid in increasing the clinical chemistry analyzers market worth.  

Geographical segmentation and analysis of the clinical chemistry analyzers market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. Due to rise in older adult population as well as the high prevalence of diabetes, cardiac diseases, and renal disorders, the clinical chemistry analyzers market in this region is observing significant growth. Furthermore, the growth in laboratory automation, the shift toward molecular diagnostic tests, and the increasing number of US FDA approvals for integrated immunochemistry analyzers will also drive the market’s growth in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global clinical chemistry analyzers market?
• What are the key market trends impacting the growth of the global clinical chemistry analyzers market?
• What are the challenges to market growth?
• Who are the key vendors in the global clinical chemistry analyzers market?
• What are the market opportunities and threats faced by the vendors in the global clinical chemistry analyzers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global clinical chemistry analyzers market?

Technavio also offers customization on reports based on specific client requirement.