Global Chemical Analyzers Market is valued at approximately USD 12.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.3 % over the forecast period 2022-2028. A chemical analyzer is an automated analyzer that processes a high percentage of the samples that enter a hospital or private medical laboratory. Testing time for numerous analytes has been lowered from days to minutes because of automation. They’re used to figure out how much of a drug is in a sample of serum, plasma, urine, or other bodily fluids. Certain metabolites, electrolytes, proteins, and/or medicines are among the substances evaluated by this equipment. Rising geriatric population, rising demand for automation in laboratories, and rising investments by key players have driven the adoption of Chemical Analyzers across the projected period. For Instance: Sysmex invested in Astrego Diagnostics in January 2020 for the development of urinalysis solutions, while BIOBASE Group also developed the BK200 tiny auto chemical analyzer in December 2018 to suit the needs of its customers. Also, rising government initiatives and funding for the market and rising prevalence of chronic lifestyle disorders are most likely to boost the overall growth of the Chemical Analyzers market. However, High initial investment and lack of skilled professionals can obstruct the market’s expansion over the projection period of 2022-2028.
The key regions considered for the global Chemical Analyzers market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Growing prevalence of chronic disorders is driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to the rising geriatric population.
Major market players included in this report are:
Roche Diagnostic Ltd.
Thermo Fischer Scientific Inc.
Siemens Healthineers AG
Ortho Clinical Diagnostics
Randox Laboratories Ltd.
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 Type:
Hospitals & Clinics
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Chemical Analyzers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers