Clinical chemistry analyzers perform assays on blood, plasma, urine, and cerebrospinal fluid, detecting disease or drug-related analytes. As per a WHO article from october 2021 on aging and health, by 2030, 1 in 6 people will be over 60. The elderly population, projected to reach 1.4 billion by 2030 and 2.1 billion by 2050, faces increased vulnerability to chronic diseases. This demographic shift fuels a rising demand for clinical tests to address the healthcare needs of an aging global population.
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Data Bridge Market Research analyses that the U.S. Clinical Chemistry Analyzer Market which was USD 4,792.13 million in 2023, is expected to reach USD 7,871.58 million by 2031, at a CAGR of 6.4% during the forecast period from 2024-2031. Clinical chemistry analyzers streamline diagnostic processes by efficiently running assays on various bodily fluids, aiding in the timely detection of diseases and drug-related analytes. This enhances patient care and enables early intervention, ultimately improving health outcomes.
Key Findings of the Study
- The U.S. clinical chemistry analyzer market is anticipated to reach a value of USD 7,871.58 million by 2031
- The U.S. clinical chemistry analyzer market is expected to grow at a CAGR of around 6.4% during the forecast period from 2024 to 2031
- Continuous technological advancements in clinical chemistry analyzers, featuring automation, miniaturization, and advanced software integration, enhance efficiency, accuracy, and reliability, driving substantial market growth in diagnostic capabilities
- The escalating global prevalence of chronic diseases, including diabetes, cardiovascular issues, and kidney disorders, fuels a rising demand for clinical chemistry analyzers, essential for early detection, monitoring, and personalized treatment strategies
- Stringent regulatory standards are compelling laboratories to invest in advanced clinical chemistry analyzers meeting compliance requirements, fueling market growth through enhanced quality control and assurance measures
Rapid growth in point-of-care testing (POCT) is expected to drive the market's growth rate
The surge in point-of-care testing (POCT) drives the uptake of portable, compact clinical chemistry analyzers. These devices offer swift and precise diagnostic results directly at the patient's side, enhancing healthcare efficiency and treatment efficacy. Their adoption improves patient care by facilitating immediate decision-making and timely interventions, ultimately elevating treatment outcomes and patient satisfaction.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Analysers, and Reagents), Type (Automated Analyzers, Semi-Automated Analyzers, and POC Analyzers), Test Type (Metabolic Panel (MP), General Chemistry Test, Liver Panel, Electrolyte Panel, Renal Profile, Lipid Profile, Specialty Chemical Tests, Thyroid Function Panel, and Others), Modality (Benchtop, Standalone, Portable, and Others), Application (Inflammatory and Infectious Diseases, Diabetes, Cancer, Abuse of Drugs, Renal Failure, Cardiovascular Diseases, Nutritional Deficiency, and Others), Specimen (Serum, Plasma, Urine, Cerebrospinal Fluid (CSF), Amniotic Fluid, Saliva, Blood, and Others), Gender (Male, and Female), End Users (Independent Diagnostic Laboratories (Laboratories Outside Hospitals), and Hospitals), Distribution Channel (Direct Tender, and Retail Sales)
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Market Players Covered
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Beckman Coulter, Inc. (U.S.), Abbott (U.S.), Siemens Healthcare GmbH (Germany), Randox Laboratories Ltd. (U.K.), F. Hoffmann-La Roche Ltd (Switzerland), ELITechGroup (France), Thermo Fisher Scientific Inc. (U.S.), HORIBA, Ltd. (Japan), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Ortho Clinical Diagnostics (U.S.), Trivitron Healthcare (India), Nova Biomedical (U.S.), Medica Corporation (U.S.), Sysmex (Japan), BioSystems Diagnostics Pvt. Ltd. (India), AMS Alliance (Italy), ALCOR Scientific Inc. (U.S.), Teco Diagnostics (U.S.), DiaSys Diagnostic Systems GmbH (Germany), Sekisui Diagnostics (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The U.S. clinical chemistry analyzer market is segmented on the basis of product type, type, test type, modality, application, specimen, gender, end users and distribution channel.
- On the basis of product type, the U.S. clinical chemistry analyzer market is segmented into analyzers and reagents
- On the basis of type, the U.S. clinical chemistry analyzer market is segmented into automated analyzers, semi-automated analyzers, and POC analyzers
- On the basis of test type, the U.S. clinical chemistry analyzer market is segmented into metabolic panel (MP), general chemistry test, liver panel, electrolyte panel, renal profile, lipid profile, specialty chemical tests, thyroid function panel and others
- On the basis of modality, the U.S. clinical chemistry analyzer market is segmented into benchtop, standalone, portable and others
- On the basis of application, the U.S. clinical chemistry analyzer market is segmented into inflammatory and infectious diseases, diabetes, cancer, abuse of drugs, renal failure, cardiovascular diseases, nutritional deficiency and others
- On the basis of specimen, the U.S. clinical chemistry analyzer market is segmented into serum plasma, urine, cerebrospinal fluid (CSF), amniotic fluid, saliva, blood, and others
- On the basis of gender, the U.S. clinical chemistry analyzer market is segmented into male, and female
- On the basis of end users, the U.S. clinical chemistry analyzer market is segmented into independent diagnostic laboratories (laboratories outside hospitals) and hospitals
- On the basis of distribution channel, the U.S. clinical chemistry analyzer market is segmented into direct tender and retail sales
Major Players
Data Bridge Market Research recognizes the following companies as the major U.S. clinical chemistry analyzer market players in U.S. clinical chemistry analyzer market are Ortho Clinical Diagnostics (U.S.), Trivitron Healthcare (India), Nova Biomedical (U.S.), Medica Corporation (U.S.), Sysmex (Japan), BioSystems Diagnostics Pvt. Ltd. (India), AMS Alliance (Italy), ALCOR Scientific Inc. (U.S.), Teco Diagnostics (U.S.), DiaSys Diagnostic Systems GmbH (Germany), and Sekisui Diagnostics (U.S.)
Market Development
- Product Launch: In May 2022, Mindray launched the BS-600M, a robust chemistry analyzer enhancing productivity and reliability in medium-volume laboratories. This addition bolsters the clinical chemistry analyzer market, offering increased efficiency
- Product Launch: In April 2022, Sysmex Europe launched the XQ-320, advancing hematology analysis with superior technology. This innovation elevates quality within clinical chemistry analyzer market
- Product Launch: In November 2020, Beckman Coulter debuted the Access SARS-CoV-2 Immunoglobulin M (IgM) assay, compatible with their analyzers processing 200 samples hourly. This launch contributes to the clinical chemistry analyzer market's growth, offering efficient COVID-19 testing solutions
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