Report Overview

Global Clinical Chemistry Analyzers Market - Industry Trends & Forecast Report 2028

Global Clinical Chemistry Analyzers Market was worth USD 11.79 billion in 2021 and is further projected to reach USD 18.63 billion by the year 2028, exhibiting a CAGR of 7.0% during the forecast period (2022-2028). The rapid expansion of the market is predominantly because of major improvements in technology and expanding healthcare industry requirements, the use of clinical chemistry analyzers has expanded at a rapid pace during the last few decades. Clinical chemistry is largely concerned with the examination of internal body fluids and provides accurate diagnostic information. Manual laboratory tests have provided a solid foundation for modern clinical chemistry. However, as technology has grown, testing methods have developed, and various tests may now be performed in automated laboratories utilizing complex devices such as chemical analyzers.

Brake Pad - Overview

The material used to make brake pads is Semi-metallic, Non-asbestos Organic (NAO), Low-metallic NAO, and Ceramic. Brake pads are essential components of disc brakes, which are used in automobiles to slow or stop the vehicle. Through friction, brake pads convert a vehicle's kinetic energy to thermal energy. The brake contains two brake pads, one on each side of the rotor, with their friction surfaces facing the rotor. The caliper clamps or squeezes the two pads together onto the spinning rotor when the brakes are applied hydraulically to slow and stop the vehicle. In addition, brake pads also produce less heat than shoe brakes, resulting in improved braking effectiveness. Furthermore, when compared to the shoe brake assembly, the installation and overall system of the brake pad are simple.

Global Clinical Chemistry Analyzers Market Forecast and Trends

Growth Drivers

The Aging Population and the Rising Frequency of Chronic and Lifestyle Disorders

The growing elderly population in developed and developing regions will drive the clinical chemistry analyzers market forward. The prevalence of age-related disorders such as hypertension, diabetes, cardiovascular, liver, and kidney disease is predicted to rise dramatically as the senior population grows. The increasing frequency of prescriptions for tests such as the basic metabolic panel, lipid profile, and liver & renal panel is due to the diagnosis and therapy of such disorders. As the prevalence of chronic illnesses rises, so will the demand for tests used in their prevention, diagnosis, and treatment. These reasons, together with the growing tendency toward preventative care, are projected to fuel the demand for clinical chemistry analyzers.

Rising Demand for Portable Devices and Point-of-Care Testing

The demand for portable devices and point-of-care testing is rising, which will fuel the market's expansion for clinical chemistry analyzers. Market growth for clinical chemistry analyzers is being driven by point-of-care testing. Technology advances and patient feedback both influence point-of-care testing. Manufacturers are continually improving their research and development efforts to provide goods with newer, more cutting-edge technologies. For instance, sensor technologies offer a quick analysis of blood samples for chemistries, electrolytes, blood gases, and hematology critical care tests. All these factors boost the growth of the India Brake Pad Market during the forecast period (2022-2028).

Technological Innovations

Next-generation microfluidic technologies, for example, are capable of efficiently separating CTCs from whole blood. These devices use few chemicals and samples and have a quick turnaround time for analysis. Clinical chemistry analyzers have grown in popularity as a result of technological developments in point-of-care testing devices. The rise in the global burden of chronic diseases, particularly in affluent countries, has led to the widespread use of portable clinical chemistry analyzers. As a result, an increase in demand for portable or benchtop clinical chemistry analyzers is likely to result in lower healthcare expenditures and an improved rate of diagnosis and treatment, propelling the global clinical chemistry analyzers market.

Restraints

Growing Need for Large Capital Investments and a Dearth of Laboratory Technicians with the Necessary Skills

Only major hospitals and reference labs with healthy capital budgets may be able to purchase high-volume clinical chemistry analyzers. With no capital expenditures, the majority of small labs, medical practices, and solo practitioners might not be able to buy a large or extremely large-sized analyzer. As a result, the high fixed-cost requirements restrain the market expansion for clinical chemistry analyzers. Both industrialized and developing countries suffer from a severe lack of laboratory technicians at the moment. This is mostly related to an expanding patient base, aging technicians retiring, and more financially stressed universities discontinuing clinical lab programs. As a result, there is a global supply-demand imbalance for pathologists and lab technicians, which is expected to limit market expansion.

Impact of COVID-19 on Global Clinical Chemistry Analyzers Market

The newest novel coronavirus, COVID-19, is the infectious disease that it causes. Before the outbreak started in Wuhan (China) in December 2019, COVID-19 was largely unknown. In just a few weeks, it went from a local issue to a worldwide pandemic. The COVID-19 epidemic harmed businesses' sales. Lockdowns brought on by the COVID-19 pandemic made people put off getting health checks, which had an impact on the volume of tests run and reagent sales. However, as nations gradually loosen their travel restrictions, testing numbers are expected to increase again. Responding to infectious diseases has emerged as a critical medical concern worldwide due to the COVID-19 pandemic. There is an increasing demand for the creation of more accurate and user-friendly testing methods as well as the extension of testing structures, in addition to the development of vaccines and medicinal medications.

Global Clinical Chemistry Analyzers Market - By Type

Based on the type, the Global Clinical Chemistry Analyzers Market is segmented into Analyzers and Reagents. Among these, reagents account for the largest share in the Global Clinical Chemistry Analyzers Market. By product, the reagents category held the greatest proportion of the clinical chemistry analyzers market.

The clinical chemistry analyzers market is divided into three categories: analyzers, reagents, and miscellaneous goods. In 2020, the reagents category held the greatest proportion of the clinical chemistry analyzers market. The frequent need for reagents, as opposed to analyzers, is the primary element driving the expansion of this category. All these factors propel the growth of the Global Clinical Chemistry Analyzers Market during a forecast period (2022-2028).

Global Clinical Chemistry Analyzers Market – By Test Type

Based on test type, the Global Clinical Chemistry Analyzers Market is segmented into Lipid Profiles, Thyroid Function Panels, and Electrolyte Panels. Among these, the Ceramic segment holds the largest market share owing to its high stability and ability to perform in a wide range of temperatures. Ceramic brake pads are commonly seen in high-performance vehicles since they emit minimal dust and noise. Moreover, Semi-metallic materials hold the second-largest share in the India Brake Pad Market due to their capacity to deliver high shear strength and bonding. All these factors boost the growth of the Global Clinical Chemistry Analyzers Market during the forecast period (2022-2028).

Global Clinical Chemistry Analyzers Market - By Technology

Based on technology, the Global Clinical Chemistry Analyzers Market is segmented into Fully-Automated and Semi-Automated. A higher CAGR is anticipated for Fully-Automated Clinical Chemistry Analyzers throughout the projection period. It is because of the enhanced data collecting capabilities, precise parameter monitoring, and automatic variable adjustment that fully automated clinical chemistry analyzer services offer greater accuracy and precision. This influences the fully automated segment to dominate the market share in the upcoming years.

Global Clinical Chemistry Analyzers Market – By Region

Geographically, the Global Clinical Chemistry Analyzers Market is segmented into North America, Europe, The Asia Pacific, Latin America, and The Middle East and Africa. North America held the highest share of the global clinical chemistry analyzers market in 2020. The increasing geriatric population, increasing prevalence of chronic & lifestyle conditions, implementation of favorable government initiatives, increasing healthcare expenditure, improved healthcare infrastructure, and the availability of technologically advanced instruments all contribute to the growth of the North American clinical chemistry analyzers market.

Competitive Landscape

The leading market players in the Global Clinical Chemistry Analyzers Market are F. Hoffmann-La Roche Ltd, Danaher Corporation, Abbott Laboratories, Thermo fisher Scientific Inc, Siemens AG, Horiba Ltd, Sysmex Corporation, Hitachi, EKF Diagnostics, Ortho Clinical Diagnostics, ELI tech Group, Mindray Medical International Ltd, and other prominent players.

The Global Clinical Chemistry Analyzers Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• In January 2020, Sysmex invested in Astrego Diagnostics for the development of urinalysis solutions.

Scope of the Report

By Type

• Analyzers

• Reagents

By Test Type

• Lipid Profiles

• Thyroid Function Panels

• Electrolyte Panels

By Technology

• Fully-Automated

• Semi-Automated

By End-User

• Hospitals

• Specialty Clinics

• Ambulatory Surgical Centers

• Others

By Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Test Type Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation
3. Executive Summary
4. Global Clinical Chemistry Analyzers Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Clinical Chemistry Analyzers Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Analyzers
         2. Reagents
      2. By Test Type
         1. Lipid Profiles
         2. Thyroid Function Panels
         3. Electrolyte Panels
      3. By Technology
         1. Fully-Automated
         2. Semi-Automated
      4. By End-User
         1. Hospitals
         2. Specialty Clinics
         3. Ambulatory Surgical Centers
         4. Others
      5. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America Clinical Chemistry Analyzers Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Test Type
      3. By Technology
      4. By End-User
      5. By Country
         1. United Type
         2. Canada
7. Europe Clinical Chemistry Analyzers Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Test Type
      3. By Technology
      4. By End-User
      5. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. The Asia Pacific Clinical Chemistry Analyzers Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Test Type
      3. By Technology
      4. By End-User
      5. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Clinical Chemistry Analyzers Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Test Type
      3. By Technology
      4. By End-User
      5. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. The Middle East & Africa Clinical Chemistry Analyzers Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Test Type
       3. By Technology
       4. By End-User
       5. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of the Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Covid-19 on Global Clinical Chemistry Analyzers Market
13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. F. Hoffmann-La Roche Ltd
    2. Danaher Corporation
    3. Abbott Laboratories
    4. Thermo fisher Scientific Inc
    5. Siemens AG
    6. Horiba Ltd
    7. Sysmex Corporation
    8. Hitachi
    9. EKF Diagnostics
    10. Ortho Clinical Diagnostics
    11. ELI tech Group
    12. Mindray Medical International Ltd
    13. Other Prominent Players
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

List of Figures

Figure 1: Global Clinical Chemistry Analyzers Market Segmentation

Figure 2: Global Clinical Chemistry Analyzers Market Industry Value Chain Analysis

Figure 3: Global Clinical Chemistry Analyzers Market Size, By Value (USD Million), 2018-2028

Figure 4: Global Clinical Chemistry Analyzers Market Share (%), By Type, By Value, 2018-2028

Figure 5: Global Clinical Chemistry Analyzers Market Share (%), By Test Type, By Value, 2018-2028

Figure 6: Global Clinical Chemistry Analyzers Market Share (%), By Technology, By Value, 2018-2028

Figure 7: Global Clinical Chemistry Analyzers Market Share (%), By End-User, By Value, 2018-2028

Figure 8: Global Clinical Chemistry Analyzers Market Share (%), By Region, By Value, 2018-2028

Figure 9: North America Clinical Chemistry Analyzers Market Size, By Value (USD Million), 2018-2028

Figure 10: North America Clinical Chemistry Analyzers Market Share (%), By Type, By Value, 2018-2028

Figure 11: North America Clinical Chemistry Analyzers Market Share (%), By Test Type, By Value, 2018-2028

Figure 12: North America Clinical Chemistry Analyzers Market Share (%), By Technology, By Value, 2018-2028

Figure 13: North America Clinical Chemistry Analyzers Market Share (%), By End-User, By Value, 2018-2028

Figure 14: North America Clinical Chemistry Analyzers Market Share (%), By Country, By Value, 2018-2028    

Figure 15: Europe Clinical Chemistry Analyzers Market Size, By Value (USD Million), 2018-2028

Figure 16: Europe Clinical Chemistry Analyzers Market Share (%), By Type, By Value, 2018-2028

Figure 17: Europe Clinical Chemistry Analyzers Market Share (%), By Test Type, By Value, 2018-2028

Figure 18: Europe Clinical Chemistry Analyzers Market Share (%), By Technology, By Value, 2018-2028

Figure 19: Europe Clinical Chemistry Analyzers Market Share (%), By End-User, By Value, 2018-2028

Figure 20: Europe Clinical Chemistry Analyzers Market Share (%), By Country, By Value, 2018-2028

Figure 21: The Asia-Pacific Clinical Chemistry Analyzers Market Size, By Value (USD Million), 2018-2028

Figure 22: The Asia-Pacific Clinical Chemistry Analyzers Market Share (%), By Type, By Value, 2018-2028

Figure 23: The Asia-Pacific Clinical Chemistry Analyzers Market Share (%), By Test Type, By Value, 2018-2028

Figure 24: The Asia-Pacific Clinical Chemistry Analyzers Market Share (%), By Technology, By Value, 2018-2028 

Figure 25: The Asia-Pacific Clinical Chemistry Analyzers Market Share (%), By End-User, By Value, 2018-2028 

Figure 26: The Asia-Pacific Clinical Chemistry Analyzers Market Share (%), By Country, By Value, 2018-2028

Figure 27: Latin America Clinical Chemistry Analyzers Market Size, By Value (USD Million), 2018-2028

Figure 28: Latin America Clinical Chemistry Analyzers Market Share (%), By Type, By Value, 2018-2028

Figure 29: Latin America Clinical Chemistry Analyzers Market Share (%), By Test Type, By Value, 2018-2028

Figure 30: Latin America Clinical Chemistry Analyzers Market Share (%), By Technology, By Value, 2018-2028

Figure 31: Latin America Clinical Chemistry Analyzers Market Share (%), By End-User, By Value, 2018-2028

Figure 32: Latin America Clinical Chemistry Analyzers Market Share (%), By Country, By Value, 2018-2028

Figure 33: The Middle East & Africa Clinical Chemistry Analyzers Market Size, By Value (USD Million), 2018-2028

Figure 34: The Middle East & Africa Clinical Chemistry Analyzers Market Share (%), By Type, By Value, 2018-2028

Figure 35: The Middle East & Africa Clinical Chemistry Analyzers Market Share (%), By Test Type, By Value, 2018-2028

Figure 36: The Middle East & Africa Clinical Chemistry Analyzers Market Share (%), By Technology, By Value, 2018-2028

Figure 37: The Middle East & Africa Clinical Chemistry Analyzers Market Share (%), By End-User, By Value, 2018-2028

Figure 38: The Middle East & Africa Clinical Chemistry Analyzers Market Share (%), By Country, By Value, 2018-2028

Figure 39: Global Clinical Chemistry Analyzers Market Share Analysis, 2021

List of Tables

Table 1: Global Clinical Chemistry Analyzers Market Size, By Type, By Value (USD Million), 2018-2028

Table 2: Global Clinical Chemistry Analyzers Market Size, By Test Type, By Value (USD Million), 2018-2028

Table 3: Global Clinical Chemistry Analyzers Market Size, By Technology, By Value (USD Million), 2018-2028

Table 4: Global Clinical Chemistry Analyzers Market Size, By End-User, By Value (USD Million), 2018-2028

Table 5: Global Clinical Chemistry Analyzers Market Size. By Region, By Value (USD Million), 2018-2028

Table 6: North America Clinical Chemistry Analyzers Market Size, By Type, By Value (USD Million), 2018-2028

Table 7: North America Clinical Chemistry Analyzers Market Size, By Test Type, By Value (USD Million), 2018-2028

Table 8: North America Clinical Chemistry Analyzers Market Size, By Technology, By Value (USD Million), 2018-2028

Table 9: North America Clinical Chemistry Analyzers Market Size, By End-User, By Value (USD Million), 2018-2028

Table 10: North America Clinical Chemistry Analyzers Market Size (USD Million), By Country, By Value 2018-2028 

Table 11: Europe Clinical Chemistry Analyzers Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 12: Europe Clinical Chemistry Analyzers Market Size, By Test Type, By Value (USD Million), By Value 2018-2028

Table 13: Europe Clinical Chemistry Analyzers Market Size, By Technology, By Value (USD Million), By Value 2018-2028

Table 14: Europe Clinical Chemistry Analyzers Market Size, By End-User, By Value (USD Million), By Value 2018-2028

Table 15: 40 Europe Clinical Chemistry Analyzers Market Size (USD Million), By Country, By Value 2018-2028

Table 16: The Asia-Pacific Clinical Chemistry Analyzers Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 17: The Asia-Pacific Clinical Chemistry Analyzers Market Size (USD Million), By Type, By Value 2018-2028

Table 18: The Asia-Pacific Clinical Chemistry Analyzers Market Size (USD Million), By Test Type, By Value 2018-2028

Table 19: The Asia-Pacific Clinical Chemistry Analyzers Market Size (USD Million), By Technology, By Value 2018-2028

Table 20: The Asia-Pacific Clinical Chemistry Analyzers Market Size (USD Million), By End-User, By Value 2018-2028

Table 21: The Asia-Pacific Clinical Chemistry Analyzers Market Size (USD Million), By Country, By Value 2018-2028

Table 22: Latin America Clinical Chemistry Analyzers Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 23: Latin America Clinical Chemistry Analyzers Market Size, By Test Type, By Value (USD Million), 2018-2028

Table 24: Latin America Clinical Chemistry Analyzers Market Size, By Technology, By Value (USD Million), 2018-2028

Table 25: Latin America Clinical Chemistry Analyzers Market Size, By End-User, By Value (USD Million), 2018-2028

Table 26: Latin America Clinical Chemistry Analyzers Market Size (USD Million), By Country, By Value 2018-2028  

Table 27: The Middle East & Africa Clinical Chemistry Analyzers Market Size, By Type, By Value (USD Million), 2018-2028

Table 28: The Middle East & Africa Clinical Chemistry Analyzers Market Size, By Test Type, By Value (USD Million), 2018-2028

Table 29: The Middle East & Africa Clinical Chemistry Analyzers Market Size, By Technology, By Value (USD Million), 2018-2028

Table 30: The Middle East & Africa Clinical Chemistry Analyzers Market Size, By End-User, By Value (USD Million), 2018-2028

Table 31: The Middle East & Africa Clinical Chemistry Analyzers Market Size (USD Million), By Country, By Value 2018-2028 

Table 32:  List of Key Players and Their Offerings

Table 33:  Competitive Benchmarking, by Operating Parameters

Table 34        F. Hoffmann-La Roche Ltd Company Overview

Table 35        F. Hoffmann-La Roche Ltd Financial Overview

Table 36        Danaher Corporation Company Overview

Table 37        Danaher Corporation Financial Overview

Table 38        Abbott Laboratories Company Overview

Table 39        Abbott Laboratories Financial Overview

Table 40        Thermo fisher Scientific Inc Company Overview

Table 41        Thermo fisher Scientific Inc Financial Overview

Table 42        Siemens AG Company Overview

Table 43        Siemens AG Financial Overview

Table 44        Horiba Ltd Company Overview

Table 45        Horiba Ltd Financial Overview

Table 46        Sysmex Corporation Company Overview

Table 47        Sysmex Corporation Financial Overview

Table 48        Hitachi Company Overview

Table 49        Hitachi Financial Overview

Table 50        EKF Diagnostics Company Overview

Table 51        EKF Diagnostics Financial Overview

Table 52        Ortho Clinical Diagnostics Company Overview

Table 53        Ortho Clinical Diagnostics Financial Overview

Table 54        ELI tech Group Company Overview

Table 55        ELI tech Group Financial Overview

Table 56        Mindray Medical International Ltd Company Overview

Table 57        Mindray Medical International Ltd Financial Overview