New York, Nov, 22, 2017: Axiom Market Research & Consulting added a new report on North American Clinical Chemistry Analzyers Market, by Type, Test, End User and Country Forecast upto 2024. The North American clinical chemistry analyzers market is estimated to grow at a CAGR of 4.1% during the forecast period 2019 to 2024 to reach at USD 6.05 billion by 2024. The growth of the market is fueled by factors such as, increasing healthcare expenditure, growing ageing population & prevalence of lifestyle diseases, increasing medical insurance in the United States etc. in the region.
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The report covers various types of fully automatic and semi-automatic devices. The major types of analyzers considered in this report are devices which include semi-automated and automated, further divided into entry level, medium throughput analyzers, high throughput analyzers, and high throughput modular analyzers along with reagents which include metabolites, enzymes, electrolytes and others which include proteins, lipoprotein and others. By test type, the clinical chemistry market is segmented by basic metabolic panel, electrolyte panel, liver panel, lipid profile, renal profile, thyroid function panel and specialty chemicals. The North American clinical chemistry analyzers market was studied for United States, Canada and Mexico. The North American countries such as, the United States and Canada are most mature and diversified markets. The United States alone contributed major share of revenue in 2017 to North American clinical chemistry analyzers market.
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The reagents and consumables segment dominated the North American clinical chemistry analyzers market. There are changing trends in manufacturing and usage of clinical chemistry devices. The devices are made to suit the reagents that utilize the latest formulations and technologies for accurate quantitative determination of enzymes, electrolytes, and substrates. Fully automated devices are highly demanded which need minimum human input and thus can be flawless in terms of diagnostics. Along with this, there is an increasing trend of developing point of care (POC) and combinational testing for patient’s ease and convenience.
Hospitals end user segment still dominates the global clinical chemistry analyzers market globally. There are around 9,000 laboratories situated in 6,000 hospitals in the U.S. Hospitals have significant capital and skilled physician practices to cater their patient inflow with the facilities and latest technologies. To be at the price competition of clinical chemistry testing to private laboratories, hospitals are offering services as low as the private labs price. Another factor driving the hospital end user segment is advanced clinical chemistry analyzers which are a combination clinical chemistry and immunoassays devices. Hospitals have ample funds and high test volume to install latest clinical chemistry analyzers in their labs.
The key companies that lead the North American clinical chemistry analyzers market are Abbott Laboratories, Becker Coulter (Acquired by Danaher Corporation), Ortho-Clinical Diagnostics, Inc., F. Hoffmann-La Roche, Siemens AG, Thermo Fisher Scientific Inc., Horiba Ltd, Elitech Group, Randox Laboratories Ltd and Mindray Medical International Limited.
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