The Business Research Company’s report on the Clinical Chemistry Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the clinical chemistry market?
The increase in the prevalence of chronic diseases is expected to propel the growth of the clinical chemistry market going forward. A chronic disease is a condition that lasts for a year or longer, necessitates continuous medical care, restricts daily activities, or both. Chronic diseases, including diabetes, cancer, and heart disease, are the top causes of death and disability across the globe. Clinical chemistry creates and enhances techniques for determining the illness status and risk of a number of chronic diseases, such as cardiovascular disease, diabetes, and hormone disorders. It uses laboratory support for initiatives involving the flu and particular infectious diseases. In September 2023, the World Health Organization (WHO) reported that chronic diseases kill 41 million people each year, equivalent to 74% of all deaths globally. Therefore, the increasing prevalence of chronic diseases is driving the clinical chemistry market growth.
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How has the clinical chemistry market size evolved, and what are the latest forecasts for its expansion?
The clinical chemistry market size has grown strongly in recent years. It will grow from $15.11 billion in 2024 to $16.11 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased diagnostic testing demand, healthcare industry growth, aging population, increased disease diagnosis and management, and research and development.
The clinical chemistry market size is expected to see strong growth in the next few years. It will grow to $22.06 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing demand for precision medicine, growing need for biomarker discovery, increasing demand for personalized healthcare, emerging infectious diseases, and telemedicine and remote monitoring. Major trends in the forecast period include advanced analytical techniques, ai and machine learning integration, technological innovations, laboratory automation, and cutting-edge solutions.
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Which major companies dominate the clinical chemistry market?
Major companies operating in the clinical chemistry market include Abbott Laboratories, F. Hoffmann-La Roche Ltd., ELITechGroup SAS, Beckman Coulter Inc., Thermo Fisher Scientific Inc., Siemens AG, Ortho Clinical Diagnostics Holdings plc, Diatron Mi Apac Private Limited, Nova Biomedical Corporation, Alfa Wassermann USA Inc., HORIBA Ltd., Mindray Medical International Limited, Randox Laboratories Limited, SYNLAB International GmbH, Agilent Technologies Inc., ARUP Laboratories Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, Eurofins Scientific SE, GE Healthcare Technologies Ltd., Laboratory Corporation, Luminex Corporation, PerkinElmer Inc., Quest Diagnostics Incorporated, Sysmex Corporation, Tosoh Corporation, Trinity Biotech plc, Waters Corporation, Werfen S.A.
What trends will shape the future of the cleaning robot market?
Technological advancements are a key trend gaining popularity in the clinical chemistry market. Major companies operating in the clinical chemistry sector are focused on adopting new technological solutions to strengthen their market position. For instance, in May 2022, Mindray, a China-based medical device company, launched the BS-600M. It is a powerful clinical chemistry analyzer designed for medium-volume laboratories, offering increased productivity and reliability in test processing. It features on-board hemolysis with whole blood samples for HbA1c tests, eliminating the need for manual pretreatment. This improves testing efficiency while reducing biohazard risks and human errors.
Which region dominates the clinical chemistry market, and what factors contribute to its leadership?
North America was the largest region in the chemical chemistry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical chemistry market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the clinical chemistry market segmented, and which segment holds the largest share?
The clinical chemistry market covered in this report is segmented –
1) By Product: Analyzers, Reagents And Consumables
2) By Application: General Chemistry Test, Liver Function Test, Kidney Function Test, Urinalysis, Electrolyte Panel, Lipid Profile, Specialty Chemical Test, Other Applications
3) By End User: Hospitals, Diagnostic Or Pathology Centers, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Analyzers: Automated Clinical Chemistry Analyzers, Semi-Automated Clinical Chemistry Analyzers, Point-of-Care (POC) Analyzers
2) By Reagents and Consumables: Chemical Reagents, Enzymatic Reagents, Quality Control Materials, Calibration Standards
3) By Other Consumables: Sample Collection Tubes, Test Strips, Laboratory Equipment
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What defines the structure and scope of the clinical chemistry market?
Clinical chemistry is a branch of medical laboratory sciences that focuses on the qualitative and quantitative analysis of bodily fluids, primarily blood and urine, to diagnose and monitor diseases by measuring various biochemical markers or analytes, employing advanced analytical techniques to provide critical information that aids healthcare professionals in making informed clinical decisions.
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