World Biochemistry Analyzer Market to See 6.02% CAGR to 2021, States Infiniti Research in Its Report Published at MarketPublishers.com15 May 2017 • by Natalie Aster
LONDON – The worldwide biochemistry analyzer market is projected to demonstrate steady growth in the next few years, registering a 6.02% CAGR through to 2021. The upsurge in laboratory automation, increasing ageing population are amid the key factors propelling the market growth. One of the prominent trends witnessed by the market is the modular design of biochemistry analyzer. However, a set to factors, such as limitation of closed system, among others, could hamper the market growth moving forward.
As of 2016, the hospital and diagnostic labs segment dominated this market, capturing the major share. Factors like the early disease detection, allowing appropriate and swift intervention, hence reducing the total disease burden are expected to give a boost to this segment in the offing.
With the presence of a diversity of regional and global vendors, this market is characterised by high level of competition. Owing to considerable growth opportunities and a host of new players coming into the market, several strategies are undertaken by the leading vendors for the production and marketing of biochemistry analyzers. In addition, top players with high spending capacity, as well as higher disposable income in countries are enhancing the market growth. The competition is further anticipated to intensify due to a hike in product innovations, product/service extensions, and M&A over the foreseeable future.
The leading vendors in the global market include Danaher, Abbott, Roche Diagnostics and Siemens; Adaltis, ELITech Group, Hitachi High-Technologies, Hologic, Mindray Medical International, Randox Laboratories, and Thermo Fisher Scientific, among others, also play an essential role in the marketplace.
Topical research report “Global Biochemistry Analyzer Market 2017-2021” elaborated by Infiniti Research sheds light on the present landscape and the growth prospects of the market for 2017-2021.
It examines the market size by taking into consideration the revenues obtained from the sales of the biochemistry analyzer. The report offers detailed market segmentation by end-use sector and based on geography. It highlights key industry trends, growth drivers and challenges as well as their impact; discusses the competitive scenario and identifies the top and important players in the field. Additionally, the report provides a comprehensive 5-year future outlook for the global biochemistry analyzer market.
More insightful market research reports by this publisher can be found in the Infiniti Research catalogue at MarketPublishers.com.