Fairfield Market Research Biochemistry Analyzers Market Share, Outlook, Size, 2023 - 2030

Biochemistry Analyzers Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Medical Devices


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Global Biochemistry Analyzers Market Serves Critical Function of Accurate Diagnosis

The global biochemistry analyzers market has been thriving with their increasing use in hospitals, clinics, and laboratories due to their ability to provide quick and accurate results. Biochemistry analyzers assess blood and urine samples for toxins that could indicate an illness. This has made the process of diagnosis and treatment significantly faster than before. With biochemistry analyzers, this period has been reduced to less than an hour, benefitting both doctors and patients alike. They are primarily used for the identification of blood, urine, or saliva samples.

The demand for analyzers is expected to grow rapidly due to an increase in the number of tests being performed on patients as conditions such as diabetes, high blood pressure, renal diseases, and others continue to have a high prevalence. Introduction of newer in development of biochemistry analyzers is expected to improve healthcare outcomes for those suffering from chronic diseases. As these high-end technologies become cheaper and easier to use, more number of individuals will likely seek treatment at hospitals rather than at their local clinic or doctor's office.

With chronic conditions such as diabetes, obesity, hypertension, kidney disease, and high cholesterol amongst others—and technological advances leading to cheaper prices while increasing usability—the demand for biochemistry analyzers is growing.

Right Combination of Price and Features are Key Determinants for Product Demand

Today, the global biochemistry analyzers market is flooded with different types of machines with a wide range of features and prices. However, the demand for such products relies mainly on various features available in a machine since not all biochemistry analyzers are made equal, there are some biochemistry analyzers that measure specific parameters only while others measure a comprehensive set of tests. Some may provide results in seconds while others take a much longer time to give results.

For instance, some biochemistry analyzers perform up to 120 different tests using 20-30 different reagents. This kind of machine can also give a patient's medical history which aids in finding an accurate diagnosis for his or her condition. This saves the patients from going through needless testing and being charged high fees for it.

There are other features that biochemistry analyzers have started to provide over the past few years such as sample tracking (which records details like when a patient was given his or her test results), data storage (so reports can be easily printed at any time required), and wireless printing (also known as Wi-Fi). The main purpose of these additional features is to make the entire testing process much more efficient.

The biochemistry analyzers are available in various prices depending on the product specifications, quantity required and where they are bought from. For example, a product of good quality may cost nearly $2,000 but products of relatively low quality may be bought for as less as $1,000 or more. The price of biochemistry analyzers also varies between different models and brands. However, lower-priced models usually have fewer features than those that are expensive.

Biochemistry Analyzers to Boost Clinical Diagnostic Revolution

Biochemistry analyzers are important instruments used in clinical laboratories to diagnose diseases. They help determine the chemical components present in the blood, urine, or other body fluids. Biochemistry analyzers provide information about levels of electrolytes, enzymes, metabolites, and nutrients that are associated with various conditions. Healthcare professionals also use them to monitor patients who are undergoing dialysis for chronic renal failure. Blood samples taken from the patient are analyzed by a machine that provides accurate measurements of electrolytes such as sodium, potassium chloride, and bicarbonate ions. The electronic readouts generated by this equipment can be used to adjust dietary intake or prescribe medications if levels of any ion are found to be abnormal.

In clinical laboratories, biochemistry analyzers are routinely used to detect medical conditions such as urea cycle disorder and congenital adrenal hyperplasia. A diagnostic test for this condition is performed using tandem mass spectrometry which is another instrument based on the principles of electrophoresis. Tandem mass spectrometers produce isotopic patterns that allow scientists to measure molecular masses and establish chemical formulas for organic compounds. This technique is used to analyze two proteins associated with the urea cycle disorder. A patient's urine sample is first ionized by an electrospray ionization process, and the electrically charged particles are sorted out based on their mass-to-charge ratio. The separated ions can then be detected by a tandem mass spectrometer which detects the fragments produced because of collision-induced decomposition of precursor ions.

Biochemistry analyzers also play a critical role in various medical research projects such as studies related to hepatitis C virus infection. This device uses electric fields to sort DNA fragments by lengths and determine the number of hepatitis C virus particles in each blood sample. Moreover, they are used to detect other conditions such as phenylketonuria (PKU) which is a genetic disorder affecting amino acid metabolism. Other conditions diagnosed with the help of biochemistry analyzers include maple syrup urine disease, homocystinuria, and hyperlysinem among others. All these diseases result from the lack of specific enzymes needed for processing amino acids. In maple syrup urine disease, patients have a distinctive sweet odor in their urine because they cannot break down branched chain ketoacids. The condition is diagnosed by measuring these acids using tandem mass spectrometry.

Major Players Active in Global Biochemistry Analyzers Market

Some of the key players operating in the global biochemistry analyzers market are Roche Diagnostics GmbH, Siemens AG, Beckman Coulter Inc., Abbott Diagnostics Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Hologic, Inc., Randox Laboratories Ltd., Awareness Technology, Inc., Transasia Biomedicals Ltd, and Nova Biomedical Corp.

Regional Classification of the Global Biochemistry Analyzers Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Biochemistry Analyzers Market

  • Biochemistry Analyzers Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Biochemistry Analyzers Market Outlook, 2018 - 2030 (US$ Million)
     1.2. Global Biochemistry Analyzers Market Incremental Opportunity, 2018 - 2030 (US$ Million)
     1.3. Key Industry Trends

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                   2.2.1.1. Driver 1
                   2.2.1.2. Driver 2
            2.2.2. Restraints
                   2.2.2.1. Restraint 1
                   2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porters Five Forces Analysis
     2.5. Regulatory Guidelines & Reimbursement Scenario
     2.6. Covid-19 Impact Analysis

3. Pricing Analysis, 2023
     3.1. Average Selling Price, by Key Regions

4. Global Biochemistry Analyzers Market Outlook, 2018 - 2030
     4.1. Global Biochemistry Analyzers Market Outlook, by Operation Method, Value (US$ Mn), 2018 - 2030
            4.1.1. Key Highlights
                   4.1.1.1. Fully Automatic
                   4.1.1.2. Semi-Automatic
            4.1.2. BPS Analysis/Market Attractiveness Analysis

5. Global Biochemistry Analyzers Market Outlook, 2018 - 2030
     5.1. Global Biochemistry Analyzers Market Outlook, by Modality, Value (US$ Mn), 2018 - 2030
            5.1.1. Key Highlights
                   5.1.1.1. Portable bench top
                   5.1.1.2. Floor standing
            5.1.2. BPS Analysis/Market Attractiveness Analysis

6. Global Biochemistry Analyzers Market Outlook, 2018 - 2030
     6.1. Global Biochemistry Analyzers Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
            6.1.1. Key Highlights
                   6.1.1.1. Disease Diagnosis
                   6.1.1.2. Drugs of Abuse testing
                   6.1.1.3. Drug Discovery
                   6.1.1.4. In vitro Diagnosis
                   6.1.1.5. Others
            6.1.2. BPS Analysis/Market Attractiveness Analysis
     6.2. Global Biochemistry Analyzers Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
            6.2.1. Key Highlights
                   6.2.1.1. Pharmaceutical & Biotech Companies
                   6.2.1.2. Hospitals & Clinics
                   6.2.1.3. Diagnostic Laboratories
                   6.2.1.4. Point-of-care Centers
                   6.2.1.5. Others
            6.2.2. BPS Analysis/Market Attractiveness Analysis
     6.3. Global Biochemistry Analyzers Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
            6.3.1. Key Highlights
                   6.3.1.1. North America
                   6.3.1.2. Europe
                   6.3.1.3. Asia Pacific
                   6.3.1.4. Rest of the World
            6.3.2. BPS Analysis/Market Attractiveness Analysis

7. North America Biochemistry Analyzers Market Outlook, 2018 - 2030
     7.1. North America Biochemistry Analyzers Market Outlook, by Operation Method, Value (US$ Mn), 2018 - 2030
            7.1.1. Key Highlights
                   7.1.1.1. Fully Automatic
                   7.1.1.2. Semi-Automatic
            7.1.2. BPS Analysis/Market Attractiveness Analysis

8. North America Biochemistry Analyzers Market Outlook, 2018 - 2030
     8.1. North America Biochemistry Analyzers Market Outlook, by Modality, Value (US$ Mn), 2018 - 2030
            8.1.1. Key Highlights
                   8.1.1.1. Portable bench top
                   8.1.1.2. Floor standing
            8.1.2. BPS Analysis/Market Attractiveness Analysis
     8.2. North America Biochemistry Analyzers Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
            8.2.1. Key Highlights
                   8.2.1.1. Disease Diagnosis
                   8.2.1.2. Drugs of Abuse testing
                   8.2.1.3. Drug Discovery
                   8.2.1.4. In vitro Diagnosis
                   8.2.1.5. Others
            8.2.2. BPS Analysis/Market Attractiveness Analysis
     8.3. North America Biochemistry Analyzers Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
            8.3.1. Key Highlights
                   8.3.1.1. Pharmaceutical & Biotech Companies
                   8.3.1.2. Hospitals & Clinics
                   8.3.1.3. Diagnostic Laboratories
                   8.3.1.4. Point-of-care Centers
                   8.3.1.5. Others
            8.3.2. BPS Analysis/Market Attractiveness Analysis
     8.4. North America Biochemistry Analyzers Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            8.4.1. Key Highlights
                   8.4.1.1. U.S.
                   8.4.1.2. Canada
            8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Europe Biochemistry Analyzers Market Outlook, 2018 - 2030
     9.1. Europe Biochemistry Analyzers Market Outlook, by Operation Method, Value (US$ Mn), 2018 - 2030
            9.1.1. Key Highlights
                   9.1.1.1. Fully Automatic
                   9.1.1.2. Semi-Automatic
            9.1.2. BPS Analysis/Market Attractiveness Analysis
     9.2. Europe Biochemistry Analyzers Market Outlook, by Modality, Value (US$ Mn), 2018 - 2030
            9.2.1. Key Highlights
                   9.2.1.1. Portable bench top
                   9.2.1.2. Floor standing
            9.2.2. BPS Analysis/Market Attractiveness Analysis
     9.3. Europe Biochemistry Analyzers Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
            9.3.1. Key Highlights
                   9.3.1.1. Disease Diagnosis
                   9.3.1.2. Drugs of Abuse testing
                   9.3.1.3. Drug Discovery
                   9.3.1.4. In vitro Diagnosis
                   9.3.1.5. Others
            9.3.2. BPS Analysis/Market Attractiveness Analysis
     9.4. Europe Biochemistry Analyzers Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
            9.4.1. Key Highlights
                   9.4.1.1. Pharmaceutical & Biotech Companies
                   9.4.1.2. Hospitals & Clinics
                   9.4.1.3. Diagnostic Laboratories
                   9.4.1.4. Point-of-care Centers
                   9.4.1.5. Others
            9.4.2. BPS Analysis/Market Attractiveness Analysis
     9.5. Europe Biochemistry Analyzers Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            9.5.1. Key Highlights
                   9.5.1.1. Germany
                   9.5.1.2. France
                   9.5.1.3. U.K.
                   9.5.1.4. Italy
                   9.5.1.5. Spain
                   9.5.1.6. Rest of Europe
            9.5.2. BPS Analysis/Market Attractiveness Analysis

10. Asia Pacific Biochemistry Analyzers Market Outlook, 2018 - 2030
     10.1. Asia Pacific Biochemistry Analyzers Market Outlook, by Operation Method, Value (US$ Mn), 2018 - 2030
            10.1.1. Key Highlights
                   10.1.1.1. Fully Automatic
                   10.1.1.2. Semi-Automatic
            10.1.2. BPS Analysis/Market Attractiveness Analysis
     10.2. Asia Pacific Biochemistry Analyzers Market Outlook, by Modality, Value (US$ Mn), 2018 - 2030
            10.2.1. Key Highlights
                   10.2.1.1. Portable bench top
                   10.2.1.2. Floor standing
            10.2.2. BPS Analysis/Market Attractiveness Analysis
     10.3. Asia Pacific Biochemistry Analyzers Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
            10.3.1. Key Highlights
                   10.3.1.1. Disease Diagnosis
                   10.3.1.2. Drugs of Abuse testing
                   10.3.1.3. Drug Discovery
                   10.3.1.4. In vitro Diagnosis
                   10.3.1.5. Others
            10.3.2. BPS Analysis/Market Attractiveness Analysis
     10.4. Asia Pacific Biochemistry Analyzers Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
            10.4.1. Key Highlights
                   10.4.1.1. Pharmaceutical & Biotech Companies
                   10.4.1.2. Hospitals & Clinics
                   10.4.1.3. Diagnostic Laboratories
                   10.4.1.4. Point-of-care Centers
                   10.4.1.5. Others
            10.4.2. BPS Analysis/Market Attractiveness Analysis
     10.5. Asia Pacific Biochemistry Analyzers Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            10.5.1. Key Highlights
                   10.5.1.1. China
                   10.5.1.2. Japan
                   10.5.1.3. India
                   10.5.1.4. South Korea
                   10.5.1.5. Australia & New Zealand
                   10.5.1.6. Rest of Asia Pacific
            10.5.2. BPS Analysis/Market Attractiveness Analysis

11. Rest of the World Biochemistry Analyzers Market Outlook, 2018 - 2030
     11.1. Rest of the World Biochemistry Analyzers Market Outlook, by Operation Method, Value (US$ Mn), 2018 - 2030
            11.1.1. Key Highlights
                   11.1.1.1. Fully Automatic
                   11.1.1.2. Semi-Automatic
            11.1.2. BPS Analysis/Market Attractiveness Analysis
     11.2. Rest of the World Biochemistry Analyzers Market Outlook, by Modality, Value (US$ Mn), 2018 - 2030
            11.2.1. Key Highlights
                   11.2.1.1. Portable bench top
                   11.2.1.2. Floor standing
            11.2.2. BPS Analysis/Market Attractiveness Analysis
     11.3. Rest of the World Biochemistry Analyzers Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
            11.3.1. Key Highlights
                   11.3.1.1. Disease Diagnosis
                   11.3.1.2. Drugs of Abuse testing
                   11.3.1.3. Drug Discovery
                   11.3.1.4. In vitro Diagnosis
                   11.3.1.5. Others
            11.3.2. BPS Analysis/Market Attractiveness Analysis
     11.4. Rest of the World Biochemistry Analyzers Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
            11.4.1. Key Highlights
                   11.4.1.1. Pharmaceutical & Biotech Companies
                   11.4.1.2. Hospitals & Clinics
                   11.4.1.3. Diagnostic Laboratories
                   11.4.1.4. Point-of-care Centers
                   11.4.1.5. Others
            11.4.2. BPS Analysis/Market Attractiveness Analysis
     11.5. Rest of the World Biochemistry Analyzers Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            11.5.1. Key Highlights
                   11.5.1.1. Latin America
                   11.5.1.2. Middle East & Africa
            11.5.2. BPS Analysis/Market Attractiveness Analysis

12. Competitive Landscape
     12.1. Company Market Share Analysis
     12.2. Company Profiles
            12.2.1. Abbott Laboratories
                   12.2.1.1. Company Overview
                   12.2.1.2. Financial Overview
                   12.2.1.3. Operation Method Portfolio
                   12.2.1.4. Recent Developments
*Above details will include, but not be limited to below list of companies based on availability
            12.2.2. Shenzen Mindray Bio-Medical Electronics Co.
            12.2.3. Thermo Fischer Scientific
            12.2.4. Bio-Rad Laboratories
            12.2.5. Siemens Healthineers
            12.2.6. Randox Laboratories Ltd
            12.2.7. Beckman Coulter
            12.2.8. Horiba, Ltd.
            12.2.9. Bioevopeak, Co., Ltd.
            12.2.10. Others

13. Appendix
     13.1. Research Methodology
     13.2. Report Assumptions
     13.3. Acronyms and Abbreviations

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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