MarketResearch.biz delivers in-depth insights on the global biochemistry analyzers market in its upcoming report titled, “Global Biochemistry Analyzers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global biochemistry analyzers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global biochemistry analyzers market report has been segmented on the basis of type, modality, end user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Biochemistry analyzer is used to measure chemicals in biological samples. Biochemistry analyzer have wide applications in healthcare industry as it performs routine health checks at hospitals, and provides results which enables early detection and diagnosis of disease. It focuses on analytes such as drugs of abuse, electrolytes, specific proteins, enzyme, and metabolite tests for cardiac, liver, and renal function.
Increasing incidence of diseases and rapidly growing demand for diagnostic tests are factors expected to support the growth of the global biochemistry analyzers market over the forecast period. Increasing healthcare expenditure and companies focusing on manufacturing high quality and cost effective biochemistry analyzer at affordable price is expected to propel growth of target market over the forecast period. Technological advancements in biochemistry analyzers over conventional analyzers, owing to less time and regent required during the process is another factor expected to boost growth of the target market.
However, high cost of tests is major factor expected to restraint the growth of the global biochemistry analyzers market over the forecast period. In addition, lack of skilled professionals is other factor expected to hamper the growth of the market over the forecast period.
Based on modality, the biochemistry analyzers market is segmented based on bench top, and floor standing. The bench top segment is expected to account major revenue share of the market.
North America market dominates the global biochemistry analyzers market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to presence of well-developed healthcare infrastructure as well as presence of significant market players in the region. Europe accounts for second-largest revenue share contribution to the global biochemistry analyzers market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years, owing to the developing healthcare infrastructure and increasing funding for research and development by the players operating in the region.
Global biochemistry analyzers market segmentation, by type:
- Fully Automatic
Global biochemistry analyzers market segmentation, by modality:
- Bench Top
- Floor Standing
Global biochemistry analyzers market segmentation, by end user:
- Diagnostics Centers
- Academic Research Institutes
- Contract Research Organizations
- Pharmaceutical and Biotechnology Companies
Global biochemistry analyzers market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Abbott Laboratories
- Danaher Corporation
- Hoffman-La Roche Ltd.
- Siemens AG
- Hologic Inc.
- Thermo Fisher Scientific, Inc.
- Randox Laboratories Ltd.
- Beckman Coulter Inc.
- Horiba Medical
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