Overview

Biochemical Analyzers Market is estimated to value over USD 5.1 billion by 2027 end with a CAGR of over 5.4% during the forecast period 2020 to 2027.

Growing activities in drug development, cost reduction of diagnostic tests are some of the major factors contributing to the growth of the market. Furthermore, increased geriatric population, the capability of analysers for identifying a pathogen shall bolster the biochemical analyser market growth. Biochemical analysers provide clear and accurate results, which make them a viable diagnostic option, thereby boosting the proliferation of the market. Additionally, the rising incidence of appalling diseases shall propel the market proliferation. For example, as per the data provided by the International Diabetes Federation, over 480 million people are predicted to be diagnosed with diabetes in 2020 and this number is expected to rise to 580 million by 2030. Moreover, the rising usage of analysers for monitoring drugs, drug provision, detection of drug abuse shall provide lucrative opportunities for market growth.

Biochemical Analyzers Market

Biochemical Analyzers Market Segmentation:

By Product Type

Semi-Automatic
Fully Automatic

By Modality

Bench Top
Floor Standing

By End User

Hospitals
Diagnostic Centers
Pharmaceutical and Biotechnology Companies
Academic Research Institutes
Contract Research Organizations

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

The market is classified into product type, modality, end user and region. The product type segment is fragmented into semi-automatic analysers and fully automatic analysers. The fully automatic analysers segment is anticipated to account the largest biochemical analyzers market share during the forecasted timeframe. The modality segment is categorised into bench top and floor standing. The end user segment is bifurcated into diagnostic centres, academic research institutes, hospitals, contract research organizations and pharmaceutical and biotech companies. The hospital segment is predicted to lead the market owing to advancements in hospital infrastructure, rise in the number of multispecialty hospitals in developed and developing economies.

Regional Analysis:

The North America region is expected to dominate the market owing to the rising geriatric population, increasing research and development activities in biochemistry analyzers, a strong presence of major market players in the region. The Asia Pacific region is anticipated to grow at a substantial rate during the forecast period and this is mainly owing to rising patient population, increased adoption of biochemical analyzers in the region and key market players establishing strategic partnerships with local manufacturers for expanding their businesses in the region.

Competitive Landscape:

The major market players are Roche Diagnostics GmbH, Siemens AG, Beckman Coulter Inc., Abbott Diagnostics Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Hologic, Inc., Randox Laboratories Ltd., Awareness Technology Inc., Transasia Biomedicals Ltd., Nova Biomedical Corp.

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global biochemical analyzers market by product type, by modality, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

Flexible Delivery Model:

We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
The customization Mobility Care offered are free of charge with purchase of any license of the report
You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com