With new technologies and methods for the analysis of bodily fluids for diagnostic and therapeutic purposes, clinical chemistry testing has advanced dramatically in recent years. Clinical chemistry analyzers are used in a variety of settings such as small clinics, research labs, and high-throughput hospital labs to detect the presence of analytes that may indicate the presence of a disease or disorder. According to the recent report from Market Reports World, the American clinical chemistry analyzers market is expected to grow to $11,728.01 million at a CAGR of 5.2% from 2014 to 2019. The report indicates that the U.S. is the largest market for clinical chemistry systems, followed by Canada. Chile is expected to grow at the highest CAGR during the forecast period.
According to the report, the Americas is the largest market for clinical chemistry analyzers due to the following factors:
- Increasing healthcare expenditure
- Growing aging population
- Rising prevalence of various infectious diseases (tuberculosis, malaria, hepatitis)
- Rise in Rental Agreements
The growing need for automated laboratories and analyzers is driven by increasing medical insurance in the U.S., inclination towards laboratory automation in the region, and infrastructural development.
The market includes both semi-automated and fully automated chemistry analyzers. The fully automated clinical chemistry instruments market is divided into Entry Level, Medium Throughput, Large High Throughput, and Ultra-Large High Throughput Analyzers on the basis of tests per hour. Based on technology, the market covers wet and dry chemistry analyzers.
End-users of the chemistry analyzers include academic research institutes, diagnostic laboratories, and hospitals. Some of the key players operating in this market include Roche Diagnostics (Switzerland), Beckman Coulter (U.S.), Abbott Diagnostics (U.S.), Siemens AG (Germany), Ortho-Clinical Diagnostics (U.S.), Thermo Fisher Scientific (U.S.), Randox Laboratories Ltd. (U.K.), ElitechGroup (France), Mindray (China), and Horiba (Japan).