North America Clinical Chemistry Analyzer Market is expected to reach healthy CAGR by 2026

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Market Analysis: North America Clinical Chemistry Analyzer Market

North America Clinical chemistry analyzer market is registering a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed to the increase in Laboratory Automation, reagent rental agreement and rapidly increasing aging population.

North America Clinical Chemistry Analyzer Market By Product (Analyzers, Reagents, Other Products), Test (Basic Metabolic Panels, Electrolyte Panels, Liver Panels, Lipid Profiles, Renal Profiles, Thyroid Function Panels, Specialty Chemical Tests), End Users (Academic Research Centers, Diagnostic Laboratories, Hospitals, Other End Users), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2026

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Market Definition: North America Clinical Chemistry Analyzer Market

Clinical chemistry is an integral part of the body fluids evaluation and evaluation clinical pathology that plays a significant part for multifaceted disease diagnosis and therapy. For various diagnosis exams, clinical analyzers are used. Clinical analyzers are used in hospitals, academic bodies, company laboratories, blood banks, cancer study centers and other health organizations. The basis of photometric examination, colorimetric testing, latex agglutination, ion-selector potentiometry are developed by the clinical chemistry analyzers in order to analyze blood, urine, serum, plasma and the other body fluids.

Market Drivers

·       Rapidly aging population is an important indirect driver for growth of this market

·       Growing occurrence of lifestyle infections is contributing to the growth of the market

·       Increase in the number of reagent rental agreements is boosting the growth of the market

·       Increase in laboratory automation market is propelling the growth of the market

Market Restraints

·       Necessity of high capital investments is hampering the growth of the market

·       High degree of consolidation to act as an entry barrier for new entrants is hindering the growth of the market

·       Stringent regulatory policies for medical devices are restricting the growth of the market

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Competitive Analysis:

North America Clinical chemistry analyzer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Clinical chemistry analyzer market for North America.

Key Market Competitors:

Few of the major market competitors currently working in the North America Clinical chemistry analyzer market are Abbott , Danaher., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd. , Johnson & Johnson Services, Inc., Siemens, ELI Tech Group, HORIBA, Ltd. , Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Randox Laboratories Ltd. United Kingdom, Ortho Clinical Diagnostics, Nova Biomedical , Sysmex Corporation, DiaSys Diagnostic Systems GmbH , Endress + Hauser Management AG ., Diatron , SFRI., EKF Diagnostics among others.

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Research Methodology: North America Clinical Chemistry Analyzer Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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Key Developments in the Market:

In July 2018, Roche will launch its participation at the Clinical Lab Expo in the McCormick Place Convention Center of the 2018 American Association for Clinical Chemistry by showing how labs force changes to embedded wellness systems through the Protection Access to Medicare Act (PAMA) difficulties in optimizing office activities and clinical decision-making.

In March 2017, Beckman Coulter Diagnostics announces the release of the FDA and the U.S. corporate release of its latest DxC 700 AU Chemistry Analyzer. The latest system combines the sophisticated capacities of two promising Beckman Coulter items – the DxC analyzer's easy interactive layout and the AU analyzer's solid performance and workhorse skills – into a uniform platform intended to satisfy the requirements of mid- to high-volume clinical labs.

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