Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A biochemistry analyzer is an instrument designed to measure various chemicals and characteristics in blood samples. The principal of a bio-chemistry analyzer is based on Lamberts and Beer’s law of photo-chemistry. The use of chemistry analyzers span from high-throughput clinical labs to point-of-care clinics, to test enzymes, electrolytes and proteins. Applications include, drugs-of-abuse testing, diagnosing diseases such as diabetes and testing for metabolic functions.

The global biochemistry analyzers market is estimated to account for US$ 3,716.8 Mn in terms of value in 2020 and is expected to reach US$ 5,429.5 Mn by the end of 2027.

Global Biochemistry Analyzers Market: Drivers

Increasing number of drug development activities are expected to propel growth of the global biochemistry analyzers market over the forecast period. For instance, in April 2020, AB Sciex LLC partnered with Intabio, Inc. for accelerating biotherapeutic development and biomanufacturing.

Moreover, increasing prevalence of chronic disorders is also expected to aid in growth of the market. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Fully automated biochemistry analyzers held dominant position in the global biochemistry analyzers market in 2019, accounting for 85.6% share in terms of value, followed by Semi automated biochemistry analyzers, respectively

Figure 1. Global Biochemistry Analyzers Market Share (%), by Product Type, 2019

Biochemistry Analyzers  | Coherent Market Insights

Global Biochemistry Analyzers Market: Restraints

Absence of streamlined laws in emerging economies to hinder growth of the global biochemistry analyzers market. For instance, in India, there are few diagnostic laboratories that are accredited. Moreover, these labs are facing price competition because of weak regulations and low entry barriers.

High cost of biochemistry analyzers is also expected to limit growth of the market. For instance, a biochemistry analyzer may cost around US$ 26,000 to US$ 40, 000.  

Global Biochemistry Analyzers Market: Opportunities

Increasing prevalence of infectious, and metabolic disorders are expected to offer lucrative growth opportunities for players in the market. For instance, according to National Health Council, approximately 157 million people in the U.S. are expected to suffer from chronic diseases in 2020.

Moreover, major players in the market may focus on expanding their presence in emerging economies that still adopt conventional methods of blood analysis. 

The global biochemistry analyzers market was valued at US$ 3,520.5 Mn in 2019 and is forecast to reach a value of US$ 5,429.5 Mn by 2027 at a CAGR of 5.6% between 2020 and 2027.

Figure 2. Global Biochemistry Analyzers Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Biochemistry Analyzers  | Coherent Market Insights

Market Trends/Key Takeaways

Funding for diagnosis of various diseases is expected to aid in growth of the market. For instance, in October 2019, the Biomedical Advanced Research and Development Authority, U.S. Department of Health and Human Services, awarded Beckman Coulter, Inc. a contract of US$ 1.25 million to develop and commercialize a novel machine-learning-based sepsis detection algorithm.

Major players in the market are also focused on launching diagnostic tests for COVID- 9. For instance, in March 2020, Abbott Laboratories received Emergency Use Authorization (EUA) for the fastest available molecular point-of-care test for the detection of COVID-19, from the U.S. Food and Drug Administration (FDA).

Global Biochemistry Analyzers Market: Competitive Landscape  

Major players operating in the global biochemistry analyzers market include, 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.

Global Biochemistry Analyzers Market: Key Developments   

Major players in the market are focused on product approval and launch to expand their product portfolio. For instance, in September 2019, Roche Diagnostics GmbH received the U.S. Food and Drug Administration (FDA) approval for the cobas Babesia test for use on the cobas 6800/8800 Systems for individual blood donation testing.

Similarly, in March 2019, Beckman Coulter received 510(k) clearance for its DxH 520 hematology analyzer for low-volume laboratories, from the U.S. Food and Drug Administration.

Biochemistry analyzer is used in laboratories to measure chemicals in biological samples. It focuses on analytes such as drugs of abuse, specific proteins, electrolytes, and enzyme, and metabolite tests for liver, cardiac, and renal function. Biochemical analyzer is made of an optical engine that comprises detectors, light sources, and other optical elements, sample movement, automation control and processing, environmental monitoring, power management, and control for humidity, pressure, and temperature. Highly automated biochemical analyzers, which include automated sample loading, mechanical control, data processing and tube cleaning have greater efficiency. Fully automatic analyzer, which is a high performance biochemistry analyzer, is used to measure various blood biochemical parameters such as urea, glucose, and bilirubin that are associated with various disorders such as kidney diseases, diabetes, liver failures, and other metabolic imbalances. Some analyzers are also used to detect DNA molecules in the samples.

Restraints of the Global Biochemistry Analyzers Market

The high costs involved biochemistry analyzers technology-based products and limited financial support in emerging economies has posed a great challenge to growth of the global biochemistry analyzers market.

Key features of the study:

  • This report provides in-depth analysis of the global biochemistry analyzers market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global biochemistry analyzers market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include 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
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global biochemistry analyzers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Biochemistry Analyzers Market, By Product Type:
    • Semi-automated biochemistry analyzers
    • Fully automated biochemistry analyzers
  • Global Biochemistry Analyzers Market, By Application:
    • Clinical Diagnostics
    • Bioreactor byproduct detection
    • Drug development applications
    • Others
  • Global Biochemistry Analyzers Market, By Modality:
    • Bench-top
    • Floor-standing
  • Global Biochemistry Analyzers Market, By End User:
    • Hospitals
    • Diagnostic centers
    • Pharmaceutical companies
    • Biotechnology companies
    • Contract research organization
    • Academic research institutes
  • Global Biochemistry Analyzers Market, By Geography:
    • North America
      • By Product Type
        • Semi-automated biochemistry analyzers
        • Fully automated biochemistry analyzers
      • By Application
        • Clinical Diagnostics
        • Bioreactor byproduct detection
        • Drug development applications
        • Others
      • By Modality
        • Bench-top
        • Floor-standing
      • By End User
        • Hospitals
        • Diagnostic centers
        • Pharmaceutical companies
        • Biotechnology companies
        • Contract research organization
        • Academic research institutes
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Semi-automated biochemistry analyzers
        • Fully automated biochemistry analyzers
      • By Application
        • Clinical Diagnostics
        • Bioreactor byproduct detection
        • Drug development applications
        • Others
      • By Modality
        • Bench-top
        • Floor-standing
      • By End User
        • Hospitals
        • Diagnostic centers
        • Pharmaceutical companies
        • Biotechnology companies
        • Contract research organization
        • Academic research institutes
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Semi-automated biochemistry analyzers
        • Fully automated biochemistry analyzers
      • By Application
        • Clinical Diagnostics
        • Bioreactor byproduct detection
        • Drug development applications
        • Others
      • By Modality
        • Bench-top
        • Floor-standing
      • By End User
        • Hospitals
        • Diagnostic centers
        • Pharmaceutical companies
        • Biotechnology companies
        • Contract research organization
        • Academic research institutes
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Semi-automated biochemistry analyzers
        • Fully automated biochemistry analyzers
      • By Application
        • Clinical Diagnostics
        • Bioreactor byproduct detection
        • Drug development applications
        • Others
      • By Modality
        • Bench-top
        • Floor-standing
      • By End User
        • Hospitals
        • Diagnostic centers
        • Pharmaceutical companies
        • Biotechnology companies
        • Contract research organization
        • Academic research institutes
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product Type
        • Semi-automated biochemistry analyzers
        • Fully automated biochemistry analyzers
      • By Application
        • Clinical Diagnostics
        • Bioreactor byproduct detection
        • Drug development applications
        • Others
      • By Modality
        • Bench-top
        • Floor-standing
      • By End User
        • Hospitals
        • Diagnostic centers
        • Pharmaceutical companies
        • Biotechnology companies
        • Contract research organization
        • Academic research institutes
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Semi-automated biochemistry analyzers
        • Fully automated biochemistry analyzers
      • By Application
        • Clinical Diagnostics
        • Bioreactor byproduct detection
        • Drug development applications
        • Others
      • By Modality
        • Bench-top
        • Floor-standing
      • By End User
        • Hospitals
        • Diagnostic centers
        • Pharmaceutical companies
        • Biotechnology companies
        • Contract research organization
        • Academic research institutes
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Roche Diagnostics GmbH *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • 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.
    • Nova Biomedical Corp.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Modality
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
  4. Global Biochemistry Analyzers Market, By Product Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Semi-automated biochemistry analyzers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Fully automated biochemistry analyzers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Biochemistry Analyzers Market, By Application, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Clinical Diagnostics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Bioreactor byproduct detection
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Drug development applications
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Biochemistry Analyzers Market, By Modality, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Bench-top
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Floor-standing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Biochemistry Analyzers Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Diagnostic centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Pharmaceutical companies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Biotechnology companies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Contract research organization
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Academic research institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Global Biochemistry Analyzers Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  9. Competitive Landscape
    • Company Profiles
      • Roche Diagnostics GmbH
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Beckman Coulter Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Abbott Diagnostics Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Hologic, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Randox Laboratories Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Awareness Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Transasia Biomedicals Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Nova Biomedical Corp.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 37 market data tables and 26 figures on “Biochemistry Analyzers Market – Global forecast to 2027.

Frequently Asked Questions

The global biochemistry analyzers market was valued at US$ 3,520.5 Mn in 2019 and is forecast to reach a value of US$ 5,429.5 Mn by 2027 at a CAGR of 5.6% between 2020 and 2027.
Fully automated biochemistry analyzers segment held the major market share in 2019 owing to increasing demand for automated devices.
Major factor driving the growth of global Biochemistry Analyzers market during the forecast period include increasing prevalence of chronic and acute diseases, and increasing drug development.
Major factors hampering the growth of the Biochemistry Analyzers market during the forecast period constitutes of lack of stringent regulations, and high costs of biochemistry analyzers.
North America Biochemistry Analyzers market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the 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.
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