Market Overview:
The global benchtop biochemistry analyzer market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for point-of-care diagnostics, rising prevalence of chronic diseases, and technological advancements in benchtop biochemistry analyzers. Based on type, the global benchtop biochemistry analyzer market is segmented into fully automated and semi automated benchtop biochemistry analyzers. The fully automated segment is expected to account for a larger share of the global market than the semi automated segment during the forecast period. This can be attributed to factors such as ease of use and accuracy offered by fully automated benchtop biochemistry analyzers compared with semi automated ones. Based on application, the global Bench top Biochemistry Analyzer Market is divided into three segments: hospital laboratories, diagnostic laboratories, and others (including research institutes). Of these segments, hospital laboratories are expected to account for a larger share of the overall market duringthe forecast period owingto th e growing demand for point-of-care diagnostics from hospitals acrossthe globe .
Product Definition:
A benchtop biochemistry analyzer is a medical device used to measure various biochemical parameters in blood and other body fluids. These devices are typically small, compact, and portable, allowing them to be easily used in a clinical setting. The importance of benchtop biochemistry analyzers lies in their ability to provide rapid results for the diagnosis and treatment of patients.
Fully Automated:
Fully automated benchtop biochemistry analyzers are used for the quantitative and qualitative analysis of biological fluids such as serum, plasma, urine, whole blood and tissue. These devices have gained significant importance in recent years due to their ability to analyze a wide range of clinical chemistry parameters from a single sample. Fully automated benchtop biochemistry analyzers provide accurate results in less time which is expected to drive market growth over the forecast period.
Semi Automated:
Semi-automated systems are those that require manual intervention but can be programmed to carry out certain tasks. The major difference between automated and semi-automated instruments is the level of automation. Automation in biochemistry analyzers provides higher accuracy, reliability, and reproducibility while reducing cost and time considerably.
Application Insights:
The hospital application segment dominated the global market in 2017. This can be attributed to factors such as government initiatives that encourage hospitals and diagnostic laboratories to adopt advanced technologies, increasing prevalence of chronic diseases, and rising demand for point-of-care testing. For instance, according to a study published by the World Health Organization (WHO) in 2016, it was estimated that around 1 billion people suffer from diabetes globally with about 90% of them being diagnosed when they are suffering from complications associated with the disease. Thus, there is a huge unmet clinical needs for diagnosis of diabetes at an early stage which can be addressed through point-of-care testing devices such as these biochemistry analyzers.
Furthermore, growing investments by companies such as Roche Diagnostics Corporation; Hemospective AB; and others in research & development activities pertaining to new product launch is expected to drive this market over the forecast period owing to increasing adoption across various settings including hospitals & clinics.
Regional Analysis:
North America dominated the global benchtop biochemistry analyzer market in 2017. This is due to the presence of a large number of players operating in this region, which has resulted in high product penetration. Moreover, increasing demand for point-of-care devices and rising healthcare expenditure are also contributing towards market growth. The U.S.-based companies are undertaking strategic initiatives such as mergers and acquisitions to enhance their position in the rapidly evolving industry landscape. For instance, In January 2018, Roche Diagnostics Corporation acquired Lumiosect LLC’s lysate based blood test technology for rapid diagnostic applications from animal models into human clinical trials space (R&D).
Growth Factors:
- Increasing demand for rapid and accurate diagnosis of diseases
- Technological advancements in benchtop biochemistry analyzers
- Rising prevalence of chronic diseases that require frequent monitoring of biochemical parameters
- Growing number of clinical laboratories and hospitals that need to automate their diagnostic processes
- Increasing awareness about the benefits of using benchtop biochemistry analyzers for disease diagnosis and treatment
Scope Of The Report
Report Attributes
Report Details
Report Title
Benchtop Biochemistry Analyzer Market Research Report
By Type
Fully Automated, Semi Automated
By Application
Hospital, Diagnostic Laboratories, Others
By Companies
Roche, Thermo Fisher Scientific, Mindray Medical, Horiba Medical, Meril Life Sciences, Agappe Diagnostics, Dialab, Randox Laboratories, Roche
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Benchtop Biochemistry Analyzer Market Report Segments:
The global Benchtop Biochemistry Analyzer market is segmented on the basis of:
Types
Fully Automated, Semi Automated
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Diagnostic Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Roche
- Thermo Fisher Scientific
- Mindray Medical
- Horiba Medical
- Meril Life Sciences
- Agappe Diagnostics
- Dialab
- Randox Laboratories
- Roche
Highlights of The Benchtop Biochemistry Analyzer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Automated
- Semi Automated
- By Application:
- Hospital
- Diagnostic Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Benchtop Biochemistry Analyzer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Benchtop biochemistry analyzers are laboratory equipment used to measure biochemical parameters in solution. They typically include a spectrophotometer, a refractometer, and a microplate reader.
Some of the key players operating in the benchtop biochemistry analyzer market are Roche, Thermo Fisher Scientific, Mindray Medical, Horiba Medical, Meril Life Sciences, Agappe Diagnostics, Dialab, Randox Laboratories, Roche.
The benchtop biochemistry analyzer market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Benchtop Biochemistry Analyzer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Benchtop Biochemistry Analyzer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Benchtop Biochemistry Analyzer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Benchtop Biochemistry Analyzer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Benchtop Biochemistry Analyzer Market Size & Forecast, 2018-2028
4.5.1 Benchtop Biochemistry Analyzer Market Size and Y-o-Y Growth
4.5.2 Benchtop Biochemistry Analyzer Market Absolute $ Opportunity
Chapter 5 Global Benchtop Biochemistry Analyzer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Benchtop Biochemistry Analyzer Market Size Forecast by Type
5.2.1 Fully Automated
5.2.2 Semi Automated
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Benchtop Biochemistry Analyzer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Benchtop Biochemistry Analyzer Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Diagnostic Laboratories
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Benchtop Biochemistry Analyzer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Benchtop Biochemistry Analyzer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Benchtop Biochemistry Analyzer Analysis and Forecast
9.1 Introduction
9.2 North America Benchtop Biochemistry Analyzer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Benchtop Biochemistry Analyzer Market Size Forecast by Type
9.6.1 Fully Automated
9.6.2 Semi Automated
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Benchtop Biochemistry Analyzer Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Diagnostic Laboratories
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Benchtop Biochemistry Analyzer Analysis and Forecast
10.1 Introduction
10.2 Europe Benchtop Biochemistry Analyzer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Benchtop Biochemistry Analyzer Market Size Forecast by Type
10.6.1 Fully Automated
10.6.2 Semi Automated
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Benchtop Biochemistry Analyzer Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Diagnostic Laboratories
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Benchtop Biochemistry Analyzer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Benchtop Biochemistry Analyzer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Benchtop Biochemistry Analyzer Market Size Forecast by Type
11.6.1 Fully Automated
11.6.2 Semi Automated
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Benchtop Biochemistry Analyzer Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Diagnostic Laboratories
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Benchtop Biochemistry Analyzer Analysis and Forecast
12.1 Introduction
12.2 Latin America Benchtop Biochemistry Analyzer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Benchtop Biochemistry Analyzer Market Size Forecast by Type
12.6.1 Fully Automated
12.6.2 Semi Automated
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Benchtop Biochemistry Analyzer Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Diagnostic Laboratories
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Benchtop Biochemistry Analyzer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Benchtop Biochemistry Analyzer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Benchtop Biochemistry Analyzer Market Size Forecast by Type
13.6.1 Fully Automated
13.6.2 Semi Automated
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Benchtop Biochemistry Analyzer Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Diagnostic Laboratories
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Benchtop Biochemistry Analyzer Market: Competitive Dashboard
14.2 Global Benchtop Biochemistry Analyzer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche
14.3.2 Thermo Fisher Scientific
14.3.3 Mindray Medical
14.3.4 Horiba Medical
14.3.5 Meril Life Sciences
14.3.6 Agappe Diagnostics
14.3.7 Dialab
14.3.8 Randox Laboratories
14.3.9 Roche
