Global Clinical Chemistry Analyzer Market – Industry Analysis and Forecast (2019-2026)

The Global Clinical Chemistry Analyzer Market was valued at US$ 9.12 Bn in 2019 and is expected to reach US$ 14.5 Bn by 2026, at a CAGR of 5.97% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

A clinical chemistry analyzer is a type of test, which is used to measure & analyze the chemical components in body fluids such as serum, plasma, and urine. To evaluate kidney & liver function, a nutritional state clinical chemistry analyzer test is used.

The increasing health care expenses, fast growth in the diagnostic market, and growing occurrence rates of lifestyle disease, including diabetes & obesity. Moreover, the growing aging population, rising need for laboratory automation, and increasing awareness for preventive healthcare are boosting factors of the global clinical chemistry analyzer market.

Technological developments and growth in a global number of in-vitro diagnostic tests are also increasing the growth of the market. However, the high cost, risk of outcome ambiguity, and the lack of trained & skilled professionals are limiting the growth of the global clinical chemistry analyzer market.

Analyzers are further divided into small, medium, large, and very large segments, while the reagents are sub-segmented into calibrators, controls, standards, and other reagents. Reagents are leading the market owing to the reagents are held to be highly cost-efficient, hold optimum sensitivity, linearity, and precision, which ensures minimized performance variation. These reagents mainly include enzymes, substrates, specific proteins, electrolytes, and lipids, which are used to obtain accurate results in analytical procedures.

Hospitals are leading the end-use segment in the global clinical chemistry analyzer market owing to the high patient & sample volume, and regular readmissions. Additionally, helpful infrastructure facilitates and successful diagnostic procedures are also driving the hospital's share market. The growing number of government initiatives are expected to help efficient diagnostic facilities that generate quick results and improve overall efficiency. This also helps to drive the share of the hospital segment.

The rising occurrence of lifestyle-induced diseases, such as obesity & other metabolic abnormalities is expected to lead the basic metabolic panel in the global clinical chemistry analyzer market during the forecast period. Increasing importance & awareness regarding point-of-care testing is also boosting the growth of the BMP segment. BMP includes a set of tests that provide clinical information relating to problems caused by chemical inequality in the body to the medical examiners.

North America is expected to lead the global clinical chemistry analyzer market during the forecast period owing to the high affordability of the users, the presence of enhanced technology, and strong healthcare infrastructure in the North American region. However, the rising necessity for automation, the growing economic conditions, and the increasing patient awareness for protective care in the Asia-Pacific region is anticipated to grow at an exponential rate during the forecast period.

The prominent players in the global clinical chemistry analyzer market include Mindray Medical International Limited, Danaher Corporation, Siemens AG, Roche Diagnostics, and Abbott Diagnostics. The other major players in the market are Ortho-Clinical Diagnostics, ElitechGroup, Thermo Fisher Scientific, Randox Laboratories Ltd., and Horiba.

The report covers a comprehensive study of major market drivers, restraints, opportunities, challenges, PESTEL, Porters, SWOT, and technological forecasting in the market.

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The Scope of the Global Clinical Chemistry Analyzer Market:

Global Clinical Chemistry Analyzer Market, by Product:

• Analyzers
• Reagents
• Others
Global Clinical Chemistry Analyzer Market, by Test:

• Basic Metabolic Panel(BMP)
• Electrolyte Panel
• Liver Panel
• Lipid Profile
• Renal Profile
• Thyroid Function Panel
• Specialty Chemical Tests
Global Clinical Chemistry Analyzer Market, by End-use:

• Hospitals
• Academic Research Centers
• Diagnostic Laboratories
• Others
Global Clinical Chemistry Analyzer Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Key Player Operating In the Global Clinical Chemistry Analyzer Market:

• Mindray Medical International Limited
• Horiba
• Danaher Corporation
• Siemens AG
• Roche Diagnostics
• Abbott Diagnostics
• Ortho-Clinical Diagnostics
• ElitechGroup
• Thermo Fisher Scientific
• Randox Laboratories Ltd

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