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Clinical Chemistry Analyzers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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Clinical chemistry analyzers are automated devices utilized for the measurement and analysis of different levels of sugars, proteins, sugars and other products in the blood. Clinical chemistry testing is done to determine the clinical condition such as kidney function, liver function, nutritional state and others. Likewise, testing is widely adopted for the analysis of clinical conditions such as hyperlipidemia, diabetes, arteriosclerosis and as well for regular check up. The devices are highly technologically advanced and sophisticated and bring accurate results in the least time.

The market of clinical chemistry analyzers can be segmented on the basis of product, test, end users and geography. Based on types of test the report on clinical chemistry analyzers market can be segmented as liver panels, lipid profiles, electrolyte panels, thyroid function panels, renal profiles and basic metabolic panels. Furthermore, the market on clinical chemistry analyzers can be segmented into types of product which includes reagents, analyzers and other products. Likewise the market of clinical chemistry analyzers can be segmented into types of endusers namely hospitals, diagnostic laboratories, academic research institutes and others. In addition, the market can be segmented on the basis of sectors, such as, ultra-large, large, mid and small sector clinical chemistry analyzers. Further, the market is segmented on the basis of geography, such as, North America, Europe, Asia-Pacific and Rest of the World. 

The clinical chemistry market is driven by various factors, such as, technological advancements, increase in global number of in-vitro diagnostic tests and increased awareness about health and diagnostic tests amongst the population. Similarly, aging population and increasing prevalence of chronic diseases and criminal activities would increase the demand for diagnostic testing. Owing to technological advancement, large number of sophisticated and accurate chemistry analyzers are being introduced in the market, such as StaRRsedInversa Automated ESR analyzer and others. Increased focus on reduction of healthcare expenditure would also increase the demand for clinical chemistry analyzers as effective diagnosis would reduce the cost due to misdiagnosis. Similarly, rising number of point of care testing capabilities are also expected to boost the growth of this market. Likewise, increasing number of crime are also fuelling the demand of market, since the chemistry analyzers play a vital role in the investigations. According to FBI globally in 2012 more than 5 miilion crime realted cases were witnessed. However, high cost, need of highly qualified and trained personnel, and risk of result uncertainty are some of the market restraints.

Geographically, the North American region is considered as the most dominating market. Currently, the U.S., Europe and Japan accounts for more than 60% share of the market. However, these regions are expected to witness decline in their market share due to market maturity and expansion of clinical diagnostics segment in the Asian region.  Thus, Asia-Pacific region is anticipated to be the highest growing market for the forecast period.

This market is highly fragmented and many players are planning to launch new version of devices as to address the unmet needs. Beckman Coulter, Inc., Nova Biomedical Corporation, Abbott Diagnostics, Siemens AG, Thermo Fisher Scientific, Inc., Jhonson and Jhonson, Elitech Group, Mindray Medical International Limited, Horiba, Ltd., Ortho-Clinical Diagnostics, Inc., Sysmex Corporation are some of the major players operating in the global clinical chemistry analyzers market.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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