The global biochemistry analyzers market revenue is expected to register a moderate CAGR over the forecast period. Increasing number R&D activities for development of low cost analyzers is expected to boost growth of the market over the forecast period.
The global biochemistry analyzers market report has been segmented on the basis of type, modality, end user, and region.
Based on type, the global biochemistry analyzers market is segmented based on semi-automatic and fully automatic. Fully automatic segment accounts for major revenue share and is expected register significant growth rate over the forecast period. Fully automatic analyzer is a high performance biochemistry analyzer which is used to measure various biochemical parameters which thereby drives growth of segment over the forecast period.
Based on end user, the global biochemistry analyzers market is segmented based on hospitals, diagnostics centers, academic research institutes, contract research organizations, and pharmaceutical and biotechnology companies. The hospitals segment accounts major revenue share. Raising demand for biochemistry analyzers in hospitals owing to huge patient volume is expected to fuel growth of the segment over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and is expected to maintain its dominance over the forecast period. Adoption of advance technologies and presence of significant number of players in the market is major factor expected to drive growth of market in the region over the forecast. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Countries like India and China is expected to support the growth of Asia Pacific market, owing to increasing demand for faster analytical methods coupled with growing diagnostic test market in the region.
Some prominent players in the global biochemistry analyzers market are Abbott Laboratories, Danaher Corporation, F. Hoffman-La Roche Ltd., Meril, Siemens AG, Hologic Inc., Thermo Fisher Scientific, Inc., Randox Laboratories Ltd., Beckman Coulter Inc., and Horiba Medical.