(MENAFN- GetNews) Global Analysis on Clinical Chemistry Analyzer Market By Product type (Consumables and Accessories (Reagents, Assay Kits, Microplates, Accessories), Instruments (Spectrophotometers, Flow Cytometers, Hematology Analyzers, Cell Counters), By End-User (Hospitals, Diagnostic Centers, Research Institutions, Pharmaceutical and Biotechnology Companies) and Geography.
Clinical chemistry analyzer market is expected to rise from its initial estimated value of USD 9.2 billion to an estimated value of USD 16.78 billion by 2026, registering a CAGR of 6.02% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing prevalence of lifestyle diseases.

Clinical chemistry analyzer report is a thorough investigation of current scenario of the global market, which covers several market dynamics. Moreover, for the businesses, it is the most important to get knowhow of consumer's demands, preferences, attitudes and their changing tastes about the specific product which can be studied via clinical chemistry analyzer report. To get knowledge of all the above things, this market report is made transparent, wide-ranging and supreme in quality. This clinical chemistry analyzer market report is prepared with the detailed market analysis performed by a team of industry experts, skillful analysts, dynamic forecasters and knowledgeable researchers.

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Clinical chemistry analyzer is used to calculate the concentration of certain metabolites, electrolytes, proteins, and/or drugs in serum, plasma, urine, cerebrospinal fluid, or other body fluids. Hospitals, clinics, research laboratories are using these devices. The increasing prevalence ofchronic diseases, such as diabetesdrives the market.

According to the World Health Organization, in 2016, an estimated 1.6 million deaths were directly caused by diabetes. Diabetes is a major cause of blindness, kidney failure, heart attacks, stroke and lower limb amputation.

Global clinical chemistry analyzer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of clinical chemistry analyzer market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Developments in the Market:

In April 2019, NexTech AR Solutions Corp. announced that it has entered into an agreement with Block Scientific to show clinical chemistry analyzer with the help of virtual and augmented reality. It will change the whole industry as it will bring expensive, big and bulky medical lab into doctor's offices.

In July 2018, Siemens Healthineers announced that it has officially cleared by the FDA (Food and Drug Administration) and AACC (American Association for Clinical Chemistry). This will transform cardiac triage in emergency departments, and it will led Siemens in increased downtime and higher throughput in their clinical chemistry workflows.

Some of the major players operating in clinical chemistry analyzer market are

Abbott

Danaher

ThermoFisher Scientific Inc.

Hoffmann-La Roche Ltd.

Johnson & Johnson Services Inc.

Siemens AG

ELITechGroup

HORIBA, Ltd.

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Randox Laboratories Ltd.

Ortho Clinical Diagnostics

Nova Biomedical

Sysmex Corporation

Other Players are BioSystems Diagnostics Pvt. Ltd., DiaSys Diagnostic Systems GmbH, Endress+Hauser Management AG, Diatron, SFRI, EKF and Medica Corporation among others.

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Segmentation: Global Clinical Chemistry Analyzer Market

By Product

Analyzers

Reagents

• Calibrators


• Controls


• Standards


• Others

Others

By Analyzers Technology

Analyzers

• Semi-Automated Clinical Chemistry Analyzers


• Fully Automated Clinical Chemistry Analyzers

By Test Analysis

Basic Metabolic Panel(BMP)

Liver Panel

Electrolyte Panel

Renal Profile

Lipid Profile

Specialty Chemical Tests

Thyroid Function Panel

By End-User Analysis

Hospitals

Academic Research Centers

Diagnostic Laboratories

Others

By Geography

North America

• Canada


• Mexico

South America

• Brazil


• Argentina


• Rest of South America

Europe

• Germany


• France


• United Kingdom


• Italy


• Spain


• Russia


• Turkey


• Belgium


• Netherlands


• Switzerland


• Rest of Europe

Asia-Pacific

• Japan


• China


• South Korea


• India


• Australia


• Singapore


• Thailand


• Malaysia


• Indonesia


• Philippines


• Rest of Asia-Pacific

Middle East & Africa

• South Africa


• Egypt


• Saudi Arabia


• United Arab Emirates


• Israel


• Rest of Middle East & Africa

Market Drivers:

Increase in healthcare expenses is expected to work as a driver in the industry

There is an increase in diseases due to prevalence of lifestyle diseases

Increase in use of point of care testing devices is the driver for the market

New research and developments is leading towards automated laboratories

Market Restraints:

Due to an increase in deaths from diabetes government have formed strict rules

The necessity of high capital investments

Reasons to Purchase this Report

Current and future of global clinical chemistry analyzer market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds the highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at the country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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