According to Technavio’s latest market research study, the global biochemistry analyzer market is expected to grow at a CAGR of around 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global biochemistry analyzer market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
Click here to request a free sample of this report
The top three revenue contributing end-user segments are discussed below:
Global biochemistry analyzer for hospitals and diagnostic laboratories: In hospitals and diagnostic laboratories, biochemistry analyzers are used to obtain data from patient samples that are then used for the development of personalized medicines. Biochemistry analyzers are used to perform tests on samples of blood, plasma, serum, or urine to determine the concentration of analytes like cholesterol, glucose, and calcium. Industry analysts at Technavio estimate the global biochemistry analyzer market for hospitals and diagnostic laboratories to account for a revenue of USD 6,144 million by 2021.
“Hospitals often refer the tests to reference laboratories that can manage the high-test volume with their advanced instruments and specific laboratory technicians to reduce the turnaround time, cost, and workforce. Moreover, reference laboratories also form partnerships with hospital laboratories to improve operation,” says Amber Chourasia, a lead analyst at Technavio for research on lab equipment.
Global biochemistry analyzer for home care: In the home care segment, biochemistry analyzers are used to provide further medical assistance to patients who are being treated at home. Through home care, patients are provided with regular diagnostics, which are done with the help of biochemistry analyzers and based on the analysis, further therapeutic treatment is provided by medical professionals based on the hospital doctor’s recommendation. The requirement of medical assistance at home after release from hospital and rise in the aging population is propelling the growth of the global home care market, and subsequently propelling the demand for biochemistry analyzers for home care.
Global biochemistry analyzer for academic and research institutes: Testing and analysis of innovative diagnostic solutions such as the biochemistry analyzer is the key focus area of academic and research institutes. Such institutions strive to identify unfulfilled niches and limitations of the instruments and offer various services to manufacturers to improve the adoption of these instruments in primary care.
The top vendors operating in the global biochemistry analyzer market are:
- Abbott
- Danaher
- Roche Diagnostics
- Siemens
Other prominent vendors in the market include Abaxis, Adaltis, ELITech Group, Hitachi High-Technologies, Hologic, HORIBA, Mindray Medical International, Randox Laboratories, Rayto Life and Analytical Sciences, and Thermo Fisher Scientific.
A more detailed analysis is available in the Technavio report titled, ‘Global Biochemistry Analyzer Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Laboratory Glassware and Plasticware Market 2017-2021
- Global Laboratory Ovens and Freezers Market 2017-2021
- Global Lab Consumables Market 2017-2021
To read more press releases – click here
