Clinical Chemistry Analyzer Market size is expected to attain US$ 19.02 Billion by 2030, according to the report. Clinical chemistry refers to the biochemical analysis of the frame fluids, in which extraordinary chemical reactions are observed to determine the volume of diverse chemicals. Clinical chemistry, a clinical pathology department, assesses frame fluids for disease prognosis and treatment. It's used in metabolic feature tests, like diabetes and drug-of-abuse screening. Clinical analyzer's automated devices employ ion-selective potentiometry, latex agglutination, and photometric/colorimetric testing to examine blood serum, plasma, and urine.
An extensive driving force in the market is the rising incidence of chronic diseases like diabetes. The ongoing surge in disease occurrence has compelled companies to mass-produce advanced analyzers for progressive diagnostic capabilities. Consequently, intense competition has emerged because of the demand for chemical analyzers and the substantial inflow of the latest market providers. Technological improvements in clinical chemistry analyzers have enabled broader testing skills and early sickness detection, particularly in specialized sectors like cancer, gynecology, and endocrinology. Notable improvements consist of enhanced resolution, refined pattern reputation, computer-assisted interpretation, advanced modeling, parameter estimation, and the integration of artificial intelligence.
According to the WHO, through 2030, about 1 in 6 human beings may be elderly (60 or older), with the worldwide elderly population expected to reach 1.4 billion in 2030 (up from 1 billion in 2020) and expected to achieve 2.1 billion with the aid of 2050. The GLOBOCAN 2020 record states that the global cancer instances in 2020 were about 19.3 million, projected to grow to 28.9 million with the assistance of 2040. The IDF Diabetes Atlas, Tenth Edition 2021, reports 537 million adults with diabetes in 2021, expected to attain 643 million by 2030 and 783 million by 2045 globally.
The “Clinical Chemistry Analyzer Market Global Forecast by Product Type (Analyzers, Reagents and Others), By Test Type (Basic Metabolic Panel, Electrolyte Panel, Liver Panel, Liver Profile, Renal Profile, Thyroid Functional Panel and Specialty Chemical Tests), By End Users (Hospitals, Academic Research Centers, Diagnostic Laboratories and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Key Players Analysis (Thermo Fisher Scientific, Abbott Laboratories, Siemens Healthineers, Danaher Corporation, Johnson & Johnson, Sysmex ADR, HORIBA, Ltd and Hitachi)" provides a detailed analysis of Global Clinical Chemistry Industry.
2. Reagents
3. Others
2. Liver Panel
3. Renal Profile
4. Lipid Profile
5. Thyroid Function Panel
6. Electrolyte Panel
7. Specialty Chemical tests
2. Diagnostic Laboratories
3. Research Laboratories & Institutes
4. Others
1.2 Canada
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Netherlands
2.6 Spain
3.2 South Korea
3.3 Japan
3.4 India
3.5 Indonesia
3.6 Malaysia
3.7 Australia
4.2 Brazil
4.3 Mexico
4.4 Colombia
5.2 UAE
5.3 Israel
5.4 South Africa
6. Rest of World
2. Abbott Laboratories
3. Siemens Healthineers
4. Danaher Corporation
5. Johnson & Johnson
6. Sysmex ADR
7. HORIBA Ltd
8. Hitachi
Worldwide available analyzers include:
- Benchtop fashions
- Compact bedside devices (with fewer tests)
- High-throughput floor-primarily based machines
An extensive driving force in the market is the rising incidence of chronic diseases like diabetes. The ongoing surge in disease occurrence has compelled companies to mass-produce advanced analyzers for progressive diagnostic capabilities. Consequently, intense competition has emerged because of the demand for chemical analyzers and the substantial inflow of the latest market providers. Technological improvements in clinical chemistry analyzers have enabled broader testing skills and early sickness detection, particularly in specialized sectors like cancer, gynecology, and endocrinology. Notable improvements consist of enhanced resolution, refined pattern reputation, computer-assisted interpretation, advanced modeling, parameter estimation, and the integration of artificial intelligence.
According to the WHO, through 2030, about 1 in 6 human beings may be elderly (60 or older), with the worldwide elderly population expected to reach 1.4 billion in 2030 (up from 1 billion in 2020) and expected to achieve 2.1 billion with the aid of 2050. The GLOBOCAN 2020 record states that the global cancer instances in 2020 were about 19.3 million, projected to grow to 28.9 million with the assistance of 2040. The IDF Diabetes Atlas, Tenth Edition 2021, reports 537 million adults with diabetes in 2021, expected to attain 643 million by 2030 and 783 million by 2045 globally.
Clinical chemistry analyzer market is anticipated to develop at a CAGR of 4.35% during the forecast duration (2023-2030)
The clinical chemistry and immunochemistry analyzers allow immunoassay-primarily-based testing, which greatly increases the spectrum of assessments that can be performed on a single device and reduces the time required for high-quality checks and protection of those analyzers. The automatic and integrated analyzers come in one-of-a-kind sample workloads and volumes (low, medium, and excessive) to shape the necessities of the health facility and reference labs, similarly contributing to growing demand and market increase. Thus, the increasingly aged populace is vulnerable to numerous persistent illnesses, resulting in an excessive need for medical tests. The clinical chemistry analyzer industry is expected to grow over the forecast period. The clinical chemistry analyzer market is worth US$ 14.12 Billion in 2023.Reagents market is about to preserve its growth, which is crucial for advancing clinical diagnostics
By Product Type, The global clinical chemistry analyzer market is segmented into analyzers, reagents, and others. The global clinical chemistry analyzer market witnesses the reagents market reigning supreme as it claims the top position. This dominance is driven by reagents' pivotal role in facilitating accurate diagnostic tests and clinical research. These essential chemical substances enable clinical chemistry analyzers to detect and measure various biomarkers, making them indispensable in the healthcare industry. As the demand for advanced medical diagnostics continues to surge worldwide, the reagents market remains at the forefront, ensuring the reliable functioning of clinical chemistry analyzers and contributing significantly to advancements in medical science and patient care.Basic Metabolic Panel (BMP) holds the biggest market within the clinical chemistry analyzer industry
By Test Type, the global clinical chemistry analyzer market is divided into Basic Metabolic Panels, Liver Panels, Renal Profiles, Lipid Profiles, Thyroid Function Panels, Electrolyte Panels, and Specialty Chemical Assessments. The Basic Metabolic Panel (BMP) commands the largest market share in the clinical chemistry analyzer industry. This comprehensive diagnostic tool is crucial in assessing a patient's health by measuring key metabolic markers such as glucose, calcium, and electrolytes. Its widespread adoption stems from its ability to provide essential insights into various physiological functions, aiding in the early detection and management of metabolic disorders and chronic conditions. As healthcare systems worldwide prioritize preventive care and early intervention, the BMP's prominence is set to continue, making it a cornerstone in the medical chemistry analyzer landscape and improving patient outcomes.Hospitals have emerged as the dominant clinical chemistry analysis industry players, securing the best market share
By End User, the global clinical chemistry analyzer market is segmented into Hospitals, Research Laboratories & Institutes, Diagnostic Laboratories, and Others. Hospitals have become prominent in the clinical chemistry analyzers industry, securing most market revenues. This shift underscores the pivotal role that healthcare institutions play in patient diagnosis, treatment, and monitoring. Clinical chemistry analyzers, renowned for their capability to deliver precise measurements of diverse biomarkers, have become essential instruments in hospital laboratories. They empower healthcare providers to make informed decisions regarding patient care, enhancing the accuracy of diagnoses and treatment strategies. As the demand for advanced medical diagnostics and comprehensive patient care continues to expand, hospitals continue to lead in innovation and maintain their position as top market performers in this crucial sector.United States boasts a thriving clinical chemistry analyzer industry characterized by innovation, advanced generation, and great market presence
By country, the Global Clinical Chemistry Analyzers Market is segmented into the United States, Canada, Germany, United Kingdom, France, Italy, Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, South Africa, Israel, Australia, UAE, and Rest of World. The United States is home to a vibrant clinical chemistry analyzer industry, characterized by its proud tradition of cutting-edge innovation and a robust research and development framework. This nation takes the lead in the global market for manufacturing advanced diagnostic equipment, enjoying a reputation for excellence in healthcare. The industry's success is underpinned by a strong dedication to delivering superior healthcare solutions and responding to the growing demand for precise diagnostics. U.S.-based manufacturers continually introduce state-of-the-art clinical chemistry analyzers that cater to the evolving requirements of healthcare providers. This thriving sector significantly benefits domestic healthcare and extends its global influence by exporting products, establishing the United States as a dominant force in advancing healthcare worldwide through clinical chemistry analyzers.Key Player
Some clinical chemistry analyzer market players are Thermo Fisher Scientific, Abbott Laboratories, Siemens Healthineers, Danaher Corporation, Johnson & Johnson, Sysmex ADR, HORIBA Ltd., and Hitachi.The “Clinical Chemistry Analyzer Market Global Forecast by Product Type (Analyzers, Reagents and Others), By Test Type (Basic Metabolic Panel, Electrolyte Panel, Liver Panel, Liver Profile, Renal Profile, Thyroid Functional Panel and Specialty Chemical Tests), By End Users (Hospitals, Academic Research Centers, Diagnostic Laboratories and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Key Players Analysis (Thermo Fisher Scientific, Abbott Laboratories, Siemens Healthineers, Danaher Corporation, Johnson & Johnson, Sysmex ADR, HORIBA, Ltd and Hitachi)" provides a detailed analysis of Global Clinical Chemistry Industry.
Product Type
1. Analyzers2. Reagents
3. Others
Test Type
1. Basic Metabolic Panel2. Liver Panel
3. Renal Profile
4. Lipid Profile
5. Thyroid Function Panel
6. Electrolyte Panel
7. Specialty Chemical tests
End User
1. Hospitals2. Diagnostic Laboratories
3. Research Laboratories & Institutes
4. Others
Region
1. North America
1.1 United States1.2 Canada
2. Europe
2.1 Germany2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Netherlands
2.6 Spain
3. Asia Pacific
3.1 China3.2 South Korea
3.3 Japan
3.4 India
3.5 Indonesia
3.6 Malaysia
3.7 Australia
4. Latin America
4.1 Argentina4.2 Brazil
4.3 Mexico
4.4 Colombia
5. Middle East & Africa
5.1 Saudi Arabia5.2 UAE
5.3 Israel
5.4 South Africa
6. Rest of World
Key Players
1. Thermo Fisher Scientific2. Abbott Laboratories
3. Siemens Healthineers
4. Danaher Corporation
5. Johnson & Johnson
6. Sysmex ADR
7. HORIBA Ltd
8. Hitachi
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary5. Global Clinical Chemistry Analyzers Market
4. Market Dynamics
6. Market Share - Global Clinical Chemistry Analyzers Market
7. Product Type - Global Clinical Chemistry Analyzers Market
8. Test Type - Global Clinical Chemistry Analyzers Market
9. End User - Global Clinical Chemistry Analyzers Market
10. Countries - Global Clinical Chemistry Analyzers Market
11. Porter’s Five Forces Analysis - Global Clinical Chemistry Analyzers Market
12. SWOT Analysis - Global Clinical Chemistry Analyzers Market
13. Key Players
List of Figures
List of Tables
Companies Mentioned
- Thermo Fisher Scientific
- Abbott Laboratories
- Siemens Healthineers
- Danaher Corporation
- Johnson & Johnson
- Sysmex ADR
- HORIBA Ltd
- Hitachi
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 205 |
| Published | October 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 14.12 Billion |
| Forecasted Market Value ( USD | $ 19.02 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
