“Global Clinical Chemistry Analyzers Market Estimated to Reach USD 1.4 Billion by 2023”
Americas region is the largest market of clinical chemistry followed by Europe and Asia Pacific.Asia Pacific is the fastest growing region for clinical chemistry analyzers. Clinical chemistry reagents and consumables are the largest segment that dominate the market. By test type, basic metabolic panel leads the clinical chemistry market. Leading end user segment of clinical chemistry are hospitals followed by commercial laboratories.

New York – March, 30, 2017 – Axiom MRC added a report on global clinical chemistry analyzers market, by type, test type, end users and geography. The global clinical chemistry analyzers market is estimated to grow at a CAGR of 4.8% from 2018 to 2023 to reach at USD 1.4 billion by 2023. Key companies that lead the clinical chemistry analyzers market are Abbott Laboratories, Becker Coulter (Acquired by Danaher Corporation),Ortho-Clinical Diagnostics, Inc., F. Hoffmann-La Roche, Siemens AG, Thermo Fisher Scientific Inc., Horiba Ltd, Elitech Group, Randox Laboratories Ltd and Mindray Medical International Limited.

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Clinical chemistry devices can either be fully automatic or semi-automatic devices. The major types of analyzers considered in this report are devices which include semi-automated and automated, further divided into entry level, medium throughput analyzers, high throughput analyzers and high throughput modular analyzers along with reagents (metabolites, enzymes, electrolytes) and others (proteins, lipoprotein and consumables). By test type clinical chemistry market is segmented as, basic metabolic panel, electrolyte panel, liver panel, lipid profile, renal profile, thyroid function panel and specialty chemicals. The clinical chemistry analyzers are mainly used in hospitals, commercial laboratories, academic institutions and are used by blood banks, cancer research centers among others. The report was studied for geographies such as Americas, Europe, Asia-Pacific and RoW that includes the Middle East & Africa and the remaining countries.

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The global clinical chemistry market is experiencing growth due to the ongoing research and developments and innovation of new products in the market. New products in analytical laboratory automation have resulted in swift progress in the devices, reagents and consumables are being developed to satisfy the growing end users demand.

The global clinical chemistry analyzers market is driven by factors such as, increasing healthcare expenditure, growing ageing population & prevalence of lifestyle diseases, laboratory automation, increasing medical insurance in the U.S. , advances in point-of-care and combinatorial testing etc. the factor hindering the growth of the clinical chemistry analyzers market are tough regulatory policies in developed countries, initial fixed cost etc.

Axiom MRC research methodology based on Qual-Quant data modeling tool is an in-house developed tool, which is based on the fundamentals such as Top Down and Bottom Up approaches. The data model compares Immunoassay, Clinical Chemistry, Clinical Microbiology, Molecular Diagnostics, Hematology etc. markets to estimate and validate the qualitative and quantitative findings across various countries. It also allows to analyze the market value chain in comparison with main market i.e. global in vitro diagnostics market to arrive at holistic and factual findings of the markets. The outcome of the data collection and secondary research is further validated with in-depth primary interviews conducted with key industry participants of IVD market. Extensive Primary research is conducted to bring insights into the key industry trends, new technologies, and future outlook of clinical chemistry analyzers market.

Other Reports from Axiom MRC:

In Vitro Diagnostics Market Research Report, By Type, Technique, Therapeutic Application, End Users And Geography – Global Market Share, Trend Analysis And Forecast Up To 2023
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U.S. Clinical Chemistry Analyzers Market Research Report, By Type,Test And End Users – Market Trends, Market Share, Industry Analysis And Forecast Up To 2023
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