#Biochemistry Analyzers Market Size

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The global demand for biochemistry analyzers was valued at USD 4515.5 million in 2022 and is expected to reach USD 7306.37 million in 2030, growing at a CAGR of 6.20% between 2023 and 2030.The global biochemistry analyzers market has been witnessing significant growth over the past few years, driven by advancements in healthcare technology, the increasing prevalence of chronic diseases, and the rising demand for automated and reliable diagnostic tools. Biochemistry analyzers are vital instruments in clinical laboratories, used for analyzing blood and other bodily fluids to diagnose various diseases and conditions. This article delves into the market dynamics, key drivers, trends, and future outlook of the biochemistry analyzers market.

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Market Size and Forecast

As of 2023, the global biochemistry analyzers market is valued at approximately USD 4.5 billion and is projected to reach USD 7.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period. This growth is primarily attributed to the increasing incidence of chronic diseases such as diabetes, cardiovascular disorders, and cancer, which require regular monitoring and diagnostic testing. Moreover, the growing elderly population, which is more susceptible to these conditions, further fuels the demand for biochemistry analyzers.

Key Market Drivers

1. Technological Advancements: The development of advanced biochemistry analyzers with enhanced accuracy, efficiency, and automation has significantly boosted market growth. These innovations include the integration of artificial intelligence (AI) and machine learning (ML) for predictive diagnostics and personalized medicine.

2. Rising Prevalence of Chronic Diseases: The increasing incidence of chronic diseases worldwide necessitates regular diagnostic testing, driving the demand for biochemistry analyzers. Conditions such as diabetes, liver diseases, and renal disorders require continuous monitoring, making these analyzers indispensable in clinical settings.

3. Growing Geriatric Population: The global elderly population is expanding rapidly, leading to a higher prevalence of age-related diseases. This demographic shift necessitates more frequent diagnostic testing, thereby propelling the biochemistry analyzers market.

4. Healthcare Infrastructure Development: Emerging economies are investing heavily in healthcare infrastructure, leading to the establishment of new hospitals and diagnostic laboratories. This development boosts the adoption of biochemistry analyzers in these regions, contributing to market growth.

Market Trends

1. Automation and Integration: The trend towards fully automated biochemistry analyzers is gaining momentum, reducing human error and increasing efficiency in diagnostic procedures. Integration with laboratory information management systems (LIMS) ensures seamless data management and analysis.

2. Point-of-Care Testing: There is a growing demand for point-of-care (POC) testing devices, which offer rapid and accurate results at the patient's bedside. POC biochemistry analyzers are particularly beneficial in emergency and critical care settings.

3. Portable and Handheld Devices: The development of portable and handheld biochemistry analyzers is revolutionizing the market. These compact devices provide diagnostic capabilities in remote and underserved areas, enhancing healthcare access and outcomes.

4. Focus on Preventive Healthcare: Increasing awareness about preventive healthcare and early disease detection is driving the demand for routine diagnostic testing. Biochemistry analyzers play a crucial role in screening and monitoring various health parameters, supporting this preventive approach.

Future Outlook

The future of the biochemistry analyzers market looks promising, with continuous advancements in technology and increasing healthcare expenditure worldwide. The shift towards personalized medicine, along with the growing emphasis on early disease detection and preventive healthcare, will further drive market growth. Moreover, the expansion of healthcare infrastructure in emerging economies presents significant opportunities for market players.

In conclusion, the biochemistry analyzers market is poised for substantial growth in the coming years, driven by technological advancements, rising prevalence of chronic diseases, and increasing healthcare investments. The market's evolution towards automation, point-of-care testing, and portable devices will continue to enhance diagnostic capabilities and improve patient outcomes.

Key Players

Beckman Coulter Inc.

Abbott Diagnostics Inc.

Hologic, Inc.

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.,

Awareness Technology, Inc.

Transasia Biomedicals Ltd

Siemens AG

Randox Laboratories Ltd.

Nova Biomedical Corp.

Roche Diagnostics GmbH

Others

Segmentation

By Product Types

Semi-Automated Analyzers

Fully Automated Analyzers

Portable Analyzers

Bench-Top Analyzers

By Technology Types

Dry Chemistry Analyzers

Wet Chemistry Analyzers

Ion-Selective Electrode (ISE) Analyzers

By Test Types

Clinical Chemistry Analyzers

Immunoassay Analyzers

Coagulation Analyzers

Urine Chemistry Analyzers

Blood Gas Analyzers

By End-Use

Hospitals and Clinical Laboratories

Research and Academic Institutes

Diagnostic Centers

Point-of-Care Testing (POCT)

By Portability

Fixed (In-Lab) Analyzers

Portable and Handheld Analyzers

By Market Trends

Automation and Integration

Point-of-Care Testing

Miniaturization and Portability

Personalized Medicine

Multiplex Testing

By Region

North America

The U.S.

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Southeast Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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Isomaltulose Market Size, volume, Revenue, Trends Analysis Report 2024-2030

On 2024-7-4, the latest report 【Global Isomaltulose Market 2024 by Manufacturers, Regions, Types and Applications, Forecast to 2030】from Global Info Research provides a detailed and comprehensive analysis of the global Isomaltulose market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors that are causing many market demand changes. The report also provides company profiles and product examples of some of the competitors, as well as market share estimates for some of the leading players in 2024.

According to our (Global Info Research) latest study, the global Isomaltulose market size was valued at US$ 152 million in 2023 and is forecast to a readjusted size of USD 410 million by 2030 with a CAGR of 15.3% during review period. Global key players of Isomaltulose include Mitsui DM Sugar, Südzucker AG（Beneo), Qingdao Honeycon Biochemistry Co.,Ltd, etc. The top three players hold a share over 86%. North America is the largest market, with a share of 32%, followed by Europe, occupied for 24%. In terms of product type, Food Grade is the largest segment, with a share of 97%. And in terms of application, Drinks has a share of 51%. This report is a detailed and comprehensive analysis for global Isomaltulose market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.

Isomaltulose market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type： Food Grade、Pharmaceutical Grade

Market segment by Application：Candy、Drinks、Baked Goods、Drugs、Others

Major players covered：Mitsui DM Sugar、Südzucker AG（Beneo)、Qingdao Honeycon Biochemistry Co.,Ltd、Guangxi Vector、Shandong Lvjian Biotechnology Co., Ltd.、Shandong Bailongchuang Biotech Co., Ltd.

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Isomaltulose product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Isomaltulose, with price, sales quantity, revenue, and global market share of Isomaltulose from 2019 to 2024.

Chapter 3, the Isomaltulose competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Isomaltulose breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment Isomaltulose the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the Isomaltulose sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Isomaltulose market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Isomaltulose.

Chapter 14 and 15, to describe Isomaltulose sales channel, distributors, customers, research findings and conclusion.

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Isomaltulose

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

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Explosive Growth Projected: IR Spectroscopy Market Set to Surpass US$ 1.1 Billion in 2023

In 2023, it is anticipated that the size of the global IR spectroscopy market will achieve a valuation of US$ 1.1 billion. It is predicted to surge at a steady CAGR of 6.0% from 2023 to 2033.

According to Future Market Insights (FMI), the IR spectroscopy industry is anticipated to have an absolute dollar potential of US$ 840 million during the research period. By 2033, it is most likely to be worth more than US$ 1.9 billion.

One of the main reasons for the rising IR spectroscopy demand is its critical role in the production of medications and therapeutics. Demand is expected to increase due to the need to characterize complex chemical structures and the growing importance of precision medicine.

In order to ensure the quality, purity, and safety of medicinal compounds, researchers might want to test them fast and effectively. As pharmaceutical regulations become more stringent, there will likely be an increased need for precise and powerful analytical techniques such as IR spectroscopy.

The Development of IR spectroscopy has been sparked by initiatives to advance sustainability and protect the environment across several businesses. Food manufacturing, agriculture, and ecological surveillance sectors are expected to employ this technique.

It will be used to monitor toxins, analyze soil conditions, and determine food’s nutritional value. By providing rapid and non-destructive analysis, IR spectroscopy would support activities that conserve resources and promote sustainability.

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IR spectroscopy is becoming increasingly popular worldwide due to its ability to characterize and identify materials at the molecular level. It is anticipated to be in high demand in the manufacturing and material science industries.

It might aid in quality control, ensuring that products meet specifications and perform at their peak. Due to its non-intrusiveness and ability to evaluate diverse materials, this technology has been implemented into several industrial processes.

As research in fields such as biological sciences, chemistry, and biochemistry progresses, demand for innovative analytical tools such as IR spectroscopy might rise. Researchers would hence try to understand fundamental chemical processes.

Key Takeaways from IR Spectroscopy Market Study:

The global IR spectroscopy industry recorded a CAGR of around 7.8% in the historical period from 2018 to 2022.

Japan IR spectroscopy industry is projected to witness a CAGR of 5.9% in the evaluation period.

South Korea IR spectroscopy industry is likely to create an incremental opportunity of around US$ 42.8 million in the review period.

Based on product type, the benchtop segment is anticipated to witness a CAGR of about 5.8% in the assessment period.

In terms of end use, the healthcare and pharmaceuticals segment registered a CAGR of 7.6% between 2018 and 2022.

“Unlike several other processes that need labeling or sample modification, IR spectroscopy does not require the use of labels. This might make sure that the outcomes are a true reflection of the typical behavior of biological molecules by preserving their original condition. It is expected to pave the way to success for leading companies.” – Says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

To deliver cutting-edge spectroscopic equipment, leading IR spectroscopy vendors are investing significantly in research and development. They are focusing on enhancing robotics, solutions, as well as device responsiveness. Researchers would be able to conduct more accurate and productive analyses as a result.

By developing small and portable IR spectrometers, suppliers can address the demand for on-site analysis across sectors, including those that deal with food, medicine, and environmental monitoring. Demand for rapid and immediate outcomes is on the rise, and this agility can help.

Providers are also creating user-friendly software solutions that make understanding, comprehension, and presentation of data easier. Researchers can quickly comprehend complex spectroscopic data and draw meaningful inferences from it with the help of user-friendly software.

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For instance,

Bruker Optics introduced the MOBILE-IR II in July 2023. It is a compact, battery-operated Fourier transform infrared (FT-IR) spectrometer that provides superior spectral performance for laboratory table-top equipment. This sturdy, portable spectrometer will enable users worldwide to carry common and uncommon FT-IR applications into the field.

Get More Valuable Insights into the IR Spectroscopy Market Report

In the latest report, Future Market Insights (FMI) has offered an unbiased analysis of the global IR spectroscopy market. The IR spectroscopy industry is segmented based on product type (benchtop, micro, hyphenated, and portable), end use (healthcare & pharmaceuticals, chemicals, biological research, environmental, and others), and regions.

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FETMX8MP-C Industrial Computer on Module: High-Performance Drive Automatic Biochemical Analyzer

Biochemical analyzer, abbreviated as bioanalyzer, primarily provides various clinical biochemical, hematological, and immunological testing projects for all levels of hospitals in the field of laboratory medicine.

It is used to test clinical biochemistry indicators such as liver function, kidney function, blood lipids, diabetes, infection, rheumatology, and immunology. It provides important scientific evidence for the diagnosis, treatment, and prevention of diseases, and is an essential monitoring medical equipment in hospitals.

Biochemical analyzers can be divided into fully automatic instruments and semi-automatic instruments, of which semi-automatic instruments are smaller in size, simple in structure, cheaper in price, and have higher application demand in the current market; fully automatic biochemical analyzers have less error in the results due to the analytical process without manual operation, and this type of instrument usually has an automatic report of abnormalities. It can automatically calibrate the working state, reducing the system error.

According to the functional structure, the automatic biochemical analyzer is divided into an optical system, a constant temperature system, sample reaction stirring technology and probe technology, and a computer control part.

With the enhanced performance of the ARM CPU-based, the computer control part of the automatic biochemistry analyzer has also started to switch to ARM Main Control Board to Folinx Embedded provide customers with Cortex-A53 platform master control Solution FETMX8MP-C industrial grade Computer on Module.

The Computer on Module is based on NXP i.MX8M Plus processor development, with strong video processing capabilities and, a smooth operation experience, to help users develop powerful performance, beautiful interface devices.

High performance: The CPU adopts 1.6GHz quad-core 64-bit Cortex-A53 architecture with a neural processing unit (NPU), offering a maximum operating speed of up to 2.3 TOPS. It comes with a standard configuration of 4GB DDR4 RAM + 16GB eMMC, providing sufficient hardware resources.

Multiple Display Interfaces: CPU supports MIPI, LVDS and HDMI display natively, with the highest resolution up to 4K；

Powerful Image recognition: Dual hardware ISP, resolution up to 12 MP, input rate up to 375M pixels/second, bringing significant improvement to the image effect;

Abundant high-speed interface resources: 2 Gigabit Ethernet, 2 dual-purpose USB 3.0/2.0, 1 PCIe Gen 3, 2 SDIO 3.0, 2 CAN (including 1 CAN-FD), bringing more possibilities for high-speed signal transmission;

Software equipped with: Linux5.4.70 and Andriod 10 operating system, the driver is perfect, and the system source code is open, giving you more support;

Stable supply: full industrial design, full consideration of Medical application scenarios, 15 years + life cycle, free from your worries.

Originally published at www.forlinx.net.

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Biochemistry Analyser Market Future Trends, Industry Size and Forecast to 2032

The Biochemistry Analyzer Market is a dynamic and essential component of the healthcare and life sciences industry, playing a pivotal role in diagnostic testing and research endeavors. Biochemistry analyzers are sophisticated instruments designed to analyze various biological samples such as blood, urine, and serum, providing valuable insights into a patient's health status, disease markers, and overall well-being. As we look ahead to 2033, several key trends and factors are expected to shape the landscape of this market.

In 2033, technological advancements are anticipated to be a driving force in the Biochemistry Analyzer Market. These innovations will likely lead to more precise and efficient analytical methods, enabling healthcare professionals to diagnose diseases and monitor patient health with higher accuracy and speed. Miniaturization and automation will also play a significant role, making biochemistry analyzers more user-friendly and accessible across healthcare settings, from large hospitals to smaller clinics and laboratories.

Another critical aspect of the Biochemistry Analyzer Market is the increasing demand for personalized medicine and targeted therapies. As the understanding of genetics and biomarkers continues to expand, biochemistry analyzers are expected to offer advanced capabilities for identifying specific disease markers, enabling tailored treatment plans for patients. This shift towards precision medicine will have a profound impact on the development and adoption of biochemistry analyzers in 2033.

Furthermore, the global focus on healthcare digitization and data integration is likely to influence the Biochemistry Analyzer Market. The ability to seamlessly connect these analyzers to electronic health records and other healthcare IT systems will enhance data management, facilitate remote monitoring, and streamline diagnostic processes, ultimately improving patient care.

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In conclusion, the Biochemistry Analyzer Market in 2033 is poised for significant growth and innovation. With advancements in technology, a shift towards personalized medicine, and integration with digital healthcare ecosystems, these analyzers will continue to be a cornerstone of diagnostic and research efforts, contributing to improved patient outcomes and healthcare efficiency.

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Automatic Veterinary Biochemistry Analyzer Market Share and Demand Analysis with Size, Growth Drivers and Forecast to 2030

The latest market report published by Credence Research, Inc. “Global Automatic Veterinary Biochemistry Analyzer Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global demand for automatic veterinary biochemistry analyzers was valued at USD 15.2 Billion in 2022 and is expected to reach USD 20.7 Billion in 2030, growing at a CAGR of 4.50% between 2023 and 2030.

The global veterinary landscape is undergoing a transformative change with the rise in the adoption of advanced diagnostic tools. One such tool leading this change is the Automatic Veterinary Biochemistry Analyzer. A recent market outlook report has provided in-depth insights into the current status, growth trajectory, and future prospects of this burgeoning market.

The Automatic Veterinary Biochemistry Analyzer is an innovative diagnostic tool designed specifically for veterinary purposes. It automates the analysis of biological samples, ensuring accuracy, repeatability, and speed. With the ability to detect a wide range of parameters, it plays a pivotal role in diagnosing various animal health conditions.

Automatic Veterinary Biochemistry Analyzer Market Major Challenges revolve around the intricacies of this specialized field. One of the significant hurdles is ensuring accuracy and precision in test results, as any deviation can lead to misdiagnoses or incorrect treatment plans for our beloved animal companions. Additionally, maintaining a high level of sensitivity and specificity is crucial when it comes to detecting various biomarkers in samples, considering that animals often exhibit similar symptoms for different conditions. This demands constant research and development efforts to enhance the capabilities of these analyzers. Moreover, another challenge lies in streamlining workflow processes within veterinary clinics or laboratories to optimize efficiency while handling an increasing number of samples daily.

Rising Awareness of Animal Health

More than ever before, there's a heightened awareness of the importance of regular health check-ups for animals. This has led veterinary clinics and animal hospitals to equip themselves with the latest diagnostic tools.

Advancements in Veterinary Technology

The field of veterinary medicine is embracing technology at a rapid pace. With advancements in biochemistry and diagnostics, there's a push towards automated solutions that guarantee precision.

Increasing Pet Ownership

With the surge in pet ownership globally, there's a direct correlation to the demand for advanced veterinary diagnostic solutions. Pet owners are seeking the best healthcare services for their beloved animals.

Browse 200 pages report Automatic Veterinary Biochemistry Analyzer Market By Type (Bench-Top Veterinary Biochemistry Analyzer, Portable Veterinary Biochemistry Analyzer) By Application (Pet Hospital, Veterinary Station) - Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/automatic-veterinary-biochemistry-analyzer-market

Regional Insights

The North American region, with its advanced veterinary infrastructure and high pet ownership rates, stands as a major market player. Europe, with its stringent animal welfare regulations, is also a significant contributor. The Asia-Pacific region, with its growing urbanization and increasing disposable income, shows promising growth potential in the coming years.

Key Market Players

Several key players dominate the Automatic Veterinary Biochemistry Analyzer market, offering innovative solutions that cater to the varying needs of the veterinary community. These companies focus on research and development, ensuring their analyzers are at the forefront of technology.

Conclusion

The Global Automatic Veterinary Biochemistry Analyzer Market is set to witness substantial growth in the coming years. With increasing awareness, technological advancements, and the rising demand for precise veterinary diagnostics, the future for this market looks extremely promising.

Why to Buy This Report-

The report provides a qualitative as well as quantitative analysis of the global Automatic Veterinary Biochemistry Analyzer Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.

The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.

Major nations in each region with their import/export statistics

The global Automatic Veterinary Biochemistry Analyzer Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

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Biochemistry Analyzers Market To Reach US$ 5,429.5 Million By 2027 - Coherent Market Insights

Biochemistry analyzers are used research purposes and for diagnosis of various diseases. It is also used in analysis of many cellular processes and to determine the structure of a biomolecules. There are two types of biochemistry analyzers depending on modality: bench-top and floor-standing. It is used in clinical diagnostics, bioreactor byproduct detection, and drug development applications.

The global Biochemistry Analyzers Market is estimated to account for US$ 3,716.8 Mn in terms of value in 2020 and is expected to reach US$ 5,429.5 Mn by the end of 2027.

Global Biochemistry Analyzers Market: Drivers

Increasing number of clinical trials is expected to propel growth of the global biochemistry analyzers market over the forecast period. For instance, according to the U.S. National Library of Medicine, the number of clinical trials conducted in the U.S. increased from 30,978 in 2018 to 32,523 in 2019.

Global Biochemistry Analyzers Market: Opportunities

Increasing prevalence of pandemic diseases is expected to boost demand for biochemistry analyzers. For instance, in April 2020, the government of Haiti requested China medical inputs of US$ 18 million, which included 2.5 million gloves, 300,000 sterilized gowns, 10 biochemistry automatic analyzers, 100 ventilators and accessories, and 1,500 hospital beds, for the treatment of COVID-19.  

Global Biochemistry Analyzers Market: Restraints

Presence of several laws regulation diagnostic labs in developed economies is expected to limit growth of the market. In the U.S., there are following laws:

Laboratory Accreditation: Internal Quality Control (IQC)

The Internal Quality Control measurement is the final check of the implementation of all the analytical procedures as prescribed in the protocol as well as other quality assurance measurements

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Laboratory Accreditation: External Quality Assessment Scheme (EQAS)

External Quality Assessment for medical laboratories is also known by the name proficiency testing for clinical laboratories and clinical pathology. The use of External Quality Assessment is widely used outside the clinical laboratories for point-of-care testing

The Clinical and Laboratory Standards Institute (CLSI) Guidelines

The Clinical and Laboratory Standards Institute creates voluntary standards and guidelines in respect to the clinical and laboratory testing used within the medical testing and healthcare communities. The standards are accredited by the American National Standards Institute (ANSI)

Key Takeaways:

The global biochemistry analyzers market was valued at US$ 3,520.5 Mn in 2019 and is forecast to reach a value of US$ 5,429.5 Mn by 2027 at a CAGR of 5.6% between 2020 and 2027. Increasing number of drug development activities, and increasing prevalence of chronic disorders is expected to aid in growth of the market.

Fully automated biochemistry analyzers held dominant position in the global biochemistry analyzers market in 2019, accounting for 85.6% share in terms of value, followed by Semi automated biochemistry analyzers, respectively. Fully automated biochemistry analyzers do not require constant manual attention, and they can perform tasks automatically.  

Clinical diagnostics segment held dominant position in the global biochemistry analyzers market in 2019, accounting for 82.8% share in terms of value, followed by drug development applications and others, respectively. Increasing prevalence of metabolic diseases, and other chronic diseases is expected to support growth of the segment over the forecast period.

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Market Trends

Major players in the market are focused on launching products for mid-volume laboratories. For instance, in October 2019, Beckman Coulter launched its new DxH 690T hematology analyzer for mid-volume laboratories.

Major players in the market are also focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in October 2019, Abbott Laboratories partnered with Australian Red Cross Blood Service for its blood and plasma screening technology, Alinity s System.

Global Biochemistry Analyzers Market: Competitive Landscape  

Major players operating in the global biochemistry analyzers market include, Roche Diagnostics GmbH, Siemens AG, Beckman Coulter Inc., Abbott Diagnostics Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Hologic, Inc., Randox Laboratories Ltd., Awareness Technology, Inc., Transasia Biomedicals Ltd., and Nova Biomedical Corp.

Global Biochemistry Analyzers Market: Key Developments  

November 2019: Mindray Bio-Medical Electronics Co., Ltd. demonstrated its product portfolio at MEDICA 2019

September 2019: Randox Laboratories launched a new online store with exclusive offers and discounts

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Biochemistry Analyzers Market to Reach Beyond US$ 5.0 Billion by 2026

The Global Biochemistry Analyzers Market, by Product Type (Semi-automatic and Fully Automatic), by Modality (Bench Top and Floor Standing), by End User (Hospitals, Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Academic Research Institutes, and Contract Research Organizations), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 3.1 billion in 2017 and is projected to exhibit a CAGR of 5.4% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights. Biochemistry analyzers market is expected to gain significant traction due to increasing usage of biochemistry analyzers in laboratories for diagnosis of increasing diseases.

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Higher adoption rate of point of care testing to accelerate growth of biochemistry analyzers market

Point-of-care testing (POCT) is a major trend in the biochemistry analyzers and in-vitro diagnostics markets, as it supports patient-centered approaches and provides faster results. POCT enables rapid analysis of blood samples, with devices designed to address the challenges faced in the treatment and diagnosis of various chronic diseases. Moreover, the high cost of clinical diagnostic devices have increased the demand and adoption rate of POCT devices. The specimens can be studied using a unique barcode number when automated biochemistry analyzers are used.

Browse 30 Market Data Tables and 25 Figures spread through 191 Pages and in-depth TOC on “Biochemistry Analyzers Market, by Product Type (Semi-automatic and Fully Automatic), by Modality (Bench Top and Floor Standing), by End User (Hospitals, Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Academic Research Institutes, and Contract Research Organizations), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026”

Manufacturers are developing biochemistry analyzers with multiplexing analyzers that include the feature of positive identification, which reduces the process of repeated pathogen testing. The industry is highly competitive in nature due to the presence of various local and international manufacturers. Major players are spending huge capital in product innovations, product/service extensions, and mergers and acquisitions, in order to dominate in the industry. For instance, in 2017, Thermo Fisher Scientific announced the U.S. launch of Thermo Scientific Cascadion SM Clinical Analyzer, which combines together the ease of use of clinical analyzers with the selectivity and sensitivity of liquid chromatography-tandem mass spectrometry (LC-MS/MS).

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Key Takeaways of the Biochemistry Analyzers Market:

The global biochemistry analyzers market is expected to exhibit a CAGR of 5.4% over the forecast period, owing to rising adoption of point of care devices

Among end user, the hospital segment is estimated to hold the dominant position in the biochemistry analyzers market in 2017, owing to increasing demand for biochemistry analyzers in hospitals with huge patient volume

North America holds a dominant position in the global biochemistry analyzers market, owing to increasing R&D process and affordability among various organizations

Key players operating in the global biochemistry analyzers market include Abbott, Danaher Corporation, F.Hoffman-La Roche Ltd., Siemens AG, Thermo Fisher Scientific, Inc., Randox Laboratories Ltd., Meril, Hologic Inc., Beckman Coulter Inc., and Horiba Medical

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[hipro2021]

Hipro POCT Testing

https://www.hipro.us/products/

Hipro is a leading specialist in the development and manufacturing of diagnostic system solutions of highest quality, trusted by customers all over the world for over 19 years.

 The product portfolio comprises more than 50 parameters including Biochemistry, Nephelometry, Fluorescence and Turbidimetric reagents for routine and special diagnostics including the third party calibrators and controls.

 The range of Hipro POC testing instrumentation products covers automated immunoassay analyzers, semi-automated analyzers and other POC instruments for patient-near testing.

 Advantages of Point of Care Testing

Hipro's biomedical hospital instruments tend to be smaller, lighter, and more space-saving.

 Liquid turbidity is a time-tested method with reliable reactions and high sensitivity. Multiple methodology integration provides a broader project space for our point of care diagnostic testing equipment.

 There is no risk of the expiration date of the bottle opening, and the threshold of specimen size is reduced. With its own capillary, professional custom, sample absorption is fast, stable, accurate.

 Most of the POC point care projects Hipro holds have shorter testing times and fit all kinds of departments such as outpatient and emergency departments.

 Each manufacturer has similar and different projects, but Hipro insists on adding new testing projects every year.

 The POCT point of care testing instrument with the original test tube directly on the machine is often faced with the problem of less available projects. Hipro has found a balance between the operation and the number of projects. The one-step method is convenient but not simple.

 Adapted to the international market, the networked design allows Hipro to provide direct point of care health services across physical distances.