Global Clinical Chemistry Analyzers Market to Reach a Value of US$ 16.3 Bn by 2027, Expanding at a CAGR of 4% Over 2019 and 2027: Transparency Market Research

Global Clinical Chemistry Analyzers Market to Reach a Value of US$ 16.3 Bn by 2027, Expanding at a CAGR of 4% Over 2019 and 2027: Transparency Market Research

PR Newswire

ALBANY, New York, March 12, 2020

- The growing relevance of pathological processes within the medical industry has brought clinical chemistry under the spotlight of attention. Presence of a robust infrastructure for clinical research blows life into the medical and healthcare industries

ALBANY, New York, March 12, 2020 /PRNewswire/ -- The healthcare industry has attracted the attention of global analysts, scientists, and research scholars. Growth across this industry is a direct function of advancements in medical testing, pathological procedures, and biological research. The development of a seamless domain to analyse biological indicators could unravel an era of unhindered advancements in the healthcare industry. Clinical chemistry analyzers are an important component of the research ecosystem deployed across biochemical industry. Besides, the direct relationship of clinical chemistry analyzers to the development of medical therapies has popularised the formers. It is expected that the global clinical chemistry analyzers market would tread along a lucrative trajectory in the times to follow. The market share of private research institutes in the global clinical chemistry analyzers market is set to increase as these entities are more liberal in their spending propensities.

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It is expected that the global clinical chemistry analyzers market would expand at a steady CAGR of 4% over the period between 2019 and 2027. Besides, the total revenues within the global clinical chemistry analyzers market is expected to touch US$ 16.3 Bn by 2027, growing from a value of 11.3 Bn in 2018.

The dearth of medical research institutes that offer clinical chemistry as a primary service is behind the steady rate of market growth. However, the medical fraternity is shifting its focus from superficial and macroscopic research to detailed and pinpoint analysis.

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Decoding the Medical Industry to Understand the Relevance of Clinical Chemistry

Gather comprehensive insights about the trends and opportunities pertaining to the Clinical Chemistry Analyzers Market (Product: Panels & Reagents and Analyzers; Technology: Semi-automatic and Fully Automatic; Modality: Centralized and Decentralized; and End User: Hospitals, Diagnostic Centers, academic Research Institutes, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027

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Global Clinical Chemistry Analyzers Market: Growth Drivers

The healthcare industry is leaving no stone unturned in offering optimized services to the patients. However, the performance of the healthcare industry largely depends on its support mechanism consisting of prudent pharmaceutical research, clinical testing, and biochemical analysis. Medical biochemistry is an important area of research, and investments in this area shall drive demand within the global clinical chemistry analyzers market.

Challenges Pertaining to Execution of Research Lines across Medical Institutes

Despite favourable growth across the research industry, the following factors hamper growth within the global clinical chemistry analyzers market:

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Clinical Chemistry Analyzers Market: Regional Analyzers

Competitive Landscape

The leading vendors in the global clinical chemistry analyzers market are focused on informing medical research institutes about the perks of using their products. These vendors have developed high-end analyzers and indicators that can be used for analysis and testing within the medical industry. Some of these companies are Danaher Corporation, F. Hoffmann-La Roche Ltd., Randox Laboratories Ltd, and Siemens Healthineers.

The chemical chemistry analyzers market is segmented as follows;

Clinical Chemistry Analyzers Market, by Product

Clinical Chemistry Analyzers Market, by Technology

Clinical Chemistry Analyzers Market, by Modality

Clinical Chemistry Analyzers Market, by End User

Clinical Chemistry Analyzers Market, by Region

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

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Molecular Diagnostics Market - The global molecular diagnostics market stood at US$7.1 bn in 2015 and is projected to garner a CAGR of about 11.6% from 2016 to 2025. By the end of the period, the global worth will be equal to US$18.9 bn. The report segments the molecular diagnostics market on the basis of end user, technology, and application, in addition to the geography parameter. Of all, the polymerase chain reaction has gained extensive popularity. This is attributed to the cost-effectiveness, which in turn, is due to the simple instrumentation and infrastructure required for PCR-based techniques. 

Immunoassay Market - According to the research study, the global market for immunoassay stood at US$ 16.54 Bn in 2017, is anticipated to reach a value of US$ 28.61 Bn by the end of 2026. The market is expected to register a strong 6.20% CAGR between 2018 and 2026. A substantial rise in the cases of infectious and chronic disease and the rise in the use of immunoassays in oncology are likely as the main factors that are projected to support the development of the market in the coming years. The rising geriatric population and the technological advancements in this area are estimated to accelerate the growth of the overall market in the next few years. Moreover, the high development in biopharmaceutical and biotechnology industries is another factor that is predicted to create potential growth opportunities over the coming years.

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