Global Biochemistry Analyzer Market 2017-2021
About Biochemistry Analyzer
The biochemistry analyzer is an instrument, which is used for measuring and diagnosing biological samples such as blood, cerebral fluid, urine, etc.
Technavio’s analysts forecast the global Biochemistry Analyzer market to grow at a CAGR of 6.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global biochemistry analyzer market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sales of the biochemistry analyzer.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biochemistry Analyzer Market 2017-2021
Technavio recognizes the following companies as the key players in the global biochemistry analyzer market: Abbott, Danaher, Roche Diagnostics, and Siemens.
Other Prominent Vendors in the market are: Abaxis, Adaltis, ELITech Group, Hitachi High-Technologies, Hologic, HORIBA, Mindray Medical International, Randox Laboratories, Rayto Life and Analytical Sciences, and Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is modular design of biochemistry analyzer. The fully automatic biochemistry analyzer is used to analyze many biochemical parameters of blood sample like blood glucose, urea, protein, etc., to detect various diseases like kidney, liver, and other metabolic disorders. Therefore, by analyzing these parameters, the biochemistry analyzer helps in diagnosing various health disorders. It is a high performance-based micro-controller inbuilt with the photometric technology.”
According to the report, one of the major drivers for this market is growing aging population. The increase in median age due to the reduction in fertility rate and the increase in life expectancy result in the growing aging population. These two demographic effects reflect the change in a country’s population with a rising aging and a declining child population.
Further, the report states that one of the major factors hindering the growth of this market is limitation of closed system. The closed system is a system where devices use reagents and consumables from the same vendor from which the product was provided for efficient performance. This helps in reducing the risks of carrying contamination and increasing sample detection sensitivity. The closed system is specific to a reagent and performs better with specific consumables. Compatibility issues are observed when consumables and instruments from different companies are used in the same instruments.
Abbott, Danaher, Roche Diagnostics, Siemens, Abaxis, Adaltis, ELITech Group, Hitachi High-Technologies, Hologic, HORIBA, Mindray Medical International, Randox Laboratories, Rayto Life and Analytical Sciences, and Thermo Fisher Scientific.
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