The Business Research Company’s Clinical Chemistry Analyzers Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Clinical Chemistry Analyzers Global Market Report 2023 evaluates clinical chemistry analyzers market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global market for clinical chemistry analyzers is poised for robust growth, with projections indicating an increase from $13.41 billion in 2022 to $14.29 billion in 2023. This signifies a noteworthy Compound Annual Growth Rate (CAGR) of 6.5%. However, it is crucial to acknowledge the formidable disruptions caused by the Russia-Ukraine conflict. This geopolitical turmoil has hampered the prospects of a swift global economic rebound following the prolonged challenges posed by the COVID-19 pandemic. The resultant fallout from this war encompasses economic sanctions affecting several nations, a notable upsurge in commodity prices, and disruptions within the supply chain. These consequences have subsequently contributed to inflationary pressures across a spectrum of goods and services, leaving an indelible impact on numerous global markets.
In light of these intricate dynamics, the clinical chemistry analyzers market is expected to demonstrate resilience and maintain its growth trajectory, projected to attain $18.10 billion in 2027, marked by a sustainable CAGR of 6.1%. This sector’s forward trajectory, though influenced by global events, continues to reflect its resilience and capacity for expansion in the face of adversity.
The increasing incidence of infectious and chronic disorders is expected to propel the growth of the clinical chemistry analyzer market in the coming future. Infectious diseases refer to diseases brought on by pathogens, which are dangerous substances that enter the human body via food or from a person. Chronic diseases often last for three months or more and may worsen with time. The increasing incidence of infectious and chronic disorders is booming the clinical chemistry analyzer market, as it is used to analyze specimen samples to diagnose and manage disease. For instance, in September 2022, according to Johns Hopkins University, a US-based private university, in 2021, more than 353,000 COVID-19-related fatalities had been documented, surpassing the 352,000 cases noted in 2020. Therefore, the increasing incidence of infectious and chronic disorders drives the clinical chemistry analyzer market.
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The clinical chemistry analyzers market segments in the report are:
1) By Product: Clinical Chemistry Analyzers, Clinical Chemistry Reagents, Other Products
2) By Analyzer Technology: Semi-Automated Clinical Chemistry Analyzers, Fully Automated Clinical Chemistry Analyzers
3) By Test Type: Basic Metabolic Panels, Electrolyte Panels, Liver Panels, Lipid Profiles, Renal Panels, Thyroid Function Panels, Specialty Chemical Tests
4) By End-User: Hospitals, Academic Research Centers, Diagnostic Laboratories, Other End-Users
The table of contents in TBRC’s clinical chemistry analyzers market report includes:
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