Global Bio Chemical Analyzer Market Overview:
The Biochemical Analyzer is used in laboratories to measure chemicals in biological samples. It focuses on analytics such as drugs of abuse, specific proteins, electrolytes and enzymes and metabolite tests for liver, heart and kidney function. The biochemical analyzer consists of an optical motor of sensors that include, light sources and other optical elements, the movement of the samples, automated control and treatment, monitoring of the environment, humidity control, pressure and temperature. The highly automated chemistry analyzers, which include automated sample loading, mechanical control, data processing and tube cleaning, are more efficient. Fully automatic analyzer, which is a high-performance chemistry analyzer, is used to measure biochemical parameters other than blood such as urea, glucose and bilirubin associated with various disorders like kidney disease, diabetes, liver failure and other metabolic imbalances. Some analyzers are also used to detect DNA molecules in samples.
Factors Driving the Growth of Global Bio Chemical Analyzer Market:
The growing number of samples to be analyzed is increasing the demand for faster analytical methods that can provide better information for decision making. The need for automatic analyzers for environmental and industrial samples has increased the search for new profitable strategies for the automation and control of analytical systems. The widespread availability of open source hardware and new methods of analysis have opened up the possibility of implementing autonomous, low-cost automated analysis systems. For example, in 2011, Horiba Medical Ltd, Japan, received approval from the Food and Drug Administration on Pentra C200, a fully automatic bench top analyzer designed as a cost-effective option for small laboratories. However, new regulatory requirements such as RoHS have complicated the design of the instrument. The high cost of testing and the shortage of highly qualified and trained personnel are other factors that limit the growth of the biochemical analyzer market.
Geographically, North America is the market leader in bio chemical analyzers. The Asia-Pacific is the fastest growing region. The extremely dynamic market landscape in North America, characterized by large-scale mergers and acquisitions and numerous high-value transactions, is driving market growth in that region. Manufacturers and clinical laboratories increasingly seek niche technology solutions to increase their market share. The United States has the largest market share in North America due to strict government and FDA regulations for classifying devices to ensure their safety and efficiency.
Key Players in Global Biochemical Analyzer Market:
Horiba Medical, Beckman Coulter Inc., Meril, Hologic Inc., Randox Laboratories Ltd., Thermo Fisher Scientific, Inc., Siemens AG, F.Hoffman-La Roche Ltd., Danaher Corporation, and Abbott are the leading players in the global market among many others.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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