Clinical Chemistry Analyzers Market 2022 Industry Outlook, Current Status, Supply-Demand, Growth Opportunities and Top Players Analysis 2030

Kenneth Research, in its repository of market research reports, have recently added a report on Clinical Chemistry Analyzers Market  which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Clinical Chemistry Analyzers Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Clinical Chemistry Analyzers Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Clinical Chemistry Analyzers Market is valued approximately USD 11,730 million in 2019 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period of 2020-2026. Clinical chemistry is the field of clinical pathology that deals with the evaluation and analysis of body fluids, which are beneficial in the diagnosis and therapeutics of diseases. The clinical chemistry analyzers are use in mechanisms such as ion-selective potentiometry, latex agglutination, and photometric & colorimetric testing to analyze the body fluids (i.e. blood serum, plasma, and urine). They are primarily used for testing the metabolic functions to perceive the diseases such as diabetes and drugs-of-abuse testing. Several kinds of the clinical analyzers can be accessed such as benchtop analyzers and compact bedside models, generally with fewer test options and high-input floor-based units. Rising incidences of lifestyle diseases such as diabetes, growing healthcare expenditure and increase in the number of reagent rental agreements are the few factors responsible for high CAGR of the market over the forecast period. According to the International Diabetic Federation (IDF), the number of adults with diabetes was estimated around 415 million in 2015, and this number is projected to grow to almost 578 million by 2030, globally. This, in turn, is expected to accelerate the demand for Clinical Chemistry Analyzers, thus contributing to the growth of the global market. However, requirement of high capital investments, along with the stringent regulatory policies for medical devices are the few factors expected to hamper the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Clinical Chemistry Analyzers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the supportive government initiatives for clinical chemistry and high implementation of practice guidelines enacted by healthcare organizations present in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to increasingly becoming saturated manufacturers and suppliers of clinical chemistry analyzers products in the emerging countries such as China and India.

Major market player included in this report are:
Abbott Laboratories
Danaher Corporation
F. Hoffmann-La Roche Ltd.
Johnson & Johnson
Siemens AG
Elitech Group
Horiba, Ltd.
Mindray Medical International Limited
Randox Laboratories Ltd.
Thermo Fisher Scientific Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

By Test Type:
Basic Metabolic Panels
Electrolyte Panels
Liver Panels
Lipid Profiles

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By End-User:
Academic Research Centers
Diagnostic Laboratories

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Clinical Chemistry Analyzers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Million)
1.2.1. Clinical Chemistry Analyzers Market, by Region, 2018-2026 (USD Million)
1.2.2. Clinical Chemistry Analyzers Market, by Product, 2018-2026 (USD Million)
1.2.3. Clinical Chemistry Analyzers Market, by Test Type, 2018-2026 (USD Million)
1.2.4. Clinical Chemistry Analyzers Market, by End-User, 2018-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Clinical Chemistry Analyzers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Clinical Chemistry Analyzers Market Dynamics
3.1. Clinical Chemistry Analyzers Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Clinical Chemistry Analyzers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Clinical Chemistry Analyzers Market, by Product
5.1. Market Snapshot
5.2. Global Clinical Chemistry Analyzers Market by Product, Performance – Potential Analysis
5.3. Global Clinical Chemistry Analyzers Market Estimates & Forecasts by Product 2016-2026 (USD Million)
5.4. Clinical Chemistry Analyzers Market, Sub Segment Analysis
5.4.1. Analyzers
5.4.2. Reagents
5.4.3. Others
Chapter 6. Global Clinical Chemistry Analyzers Market, by Test Type
6.1. Market Snapshot
6.2. Global Clinical Chemistry Analyzers Market by Test Type, Performance – Potential Analysis
6.3. Global Clinical Chemistry Analyzers Market Estimates & Forecasts by Test Type 2016-2026 (USD Million)
6.4. Clinical Chemistry Analyzers Market, Sub Segment Analysis
6.4.1. Basic Metabolic Panels

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