PUBLISHER: Renub Research | PRODUCT CODE: 1163929
PUBLISHER: Renub Research | PRODUCT CODE: 1163929
Clinical Chemistry Market, Size, Global Forecast 2023-2027, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Globally, Clinical Chemistry Market is expected to reach US$ 17.1 Billion by 2027. Clinical chemistry, commonly referred to as medical or clinical biochemistry, is a globally active sector that is rapidly growing. It is a branch of clinical pathology that frequently raises concerns when bodily fluids are analyzed for therapeutic and diagnostic purposes. Blood and urine are a couple of the most common body fluids analyzed in clinical chemistry. Clinical chemistry for enzymes frequently reveals information about these things when it comes to disorders like pancreatic cancer or damage to the body's organs. Moreover, for diagnosing cardiac and cancer problems, clinical chemistry also contains assays that serve as heart and tumour markers.
Global Clinical Chemistry Market will grow with a significant CAGR of 4.69% during the forecast period 2022 - 2027:
The market for clinical chemistry will be driven by the rising incidence of infectious and chronic diseases, such as cancer and diabetes, which create a need for prompt and precise diagnosis. Furthermore, the clinical chemistry industry is also being driven by factors such as an unhealthy diet, the rising geriatric population, a sedentary lifestyle, and a lack of exercise that can result in lifestyle illnesses. In addition, the market will continue to expand during the forecast period because of technological advancements, rising disposable incomes driving up demand for improved diagnostics, and the life-threatening nature of diseases and disorders.
By Product Type, Reagents dominate the Market:
Over the coming years, the market for clinical chemistry reagents is expected to expand as more industries use these tools to diagnose various diseases. In addition, clinical chemistry chemicals are utilized in preclinical research to track the progression of the disease and medication development. Furthermore, reagents are beneficial for numerous scientific studies that aim to comprehend the mode of action and interactions between various product cycle stages.
COVID-19 Helped the Clinical Chemistry Industry to Grow:
The COVID-19 epidemic caused significant hurdles for the healthcare sector. But when the COVID-19 infection spread, more clinical chemistry testing for SARS-CoV-2 virus carriers was carried out. Tests including procalcitonin, albumin, lactate dehydrogenase, and the C-reactive protein (CRP), as well as less common ones like lactate dehydrogenase and procalcitonin, were used to assess organ involvement and disease severity and to estimate the probability of morbidity and mortality.
Moreover, during the pandemic, the clinical chemistry tests and the serological testing assisted in keeping track of the affected people's general health. Therefore, the COVID-19 pandemic increased the use of these tests, which contributed significantly to the market's expansion and had a favorable effect on that market's growth. As a result, the global Clinical Chemistry market was US$ 13.6 Billion in 2022.
Basic Metabolic Panel holds the Largest Share by Test Type:
A basic metabolic panel evaluates kidney function, fluid and electrolyte balance, and blood sugar levels through a blood test. According to WHO estimates, there are 422 million diabetics worldwide, the majority of whom reside in low- and middle-income nations. Additionally, diabetes is directly responsible for 1.5 million deaths annually. Over the past few decades, diabetes diagnoses and prevalence have been continuously increasing. Hence, the ageing population and rise in chronic diseases, including diabetes, renal disease, and liver disease, are anticipated to fuel basic metabolic panel testing during the forecast period.
By Technology, Fully Automated will grow during the Forecast Period:
Fully Automated Clinical chemistry testing is becoming popular due to increased testing volume and quicker processing times provided by them. Additionally, with advanced processing, automated clinical chemistry testing boosts user protection from biohazards and decreases the possibility of cross-contamination, due to which fully automated clinical chemistry testing will continue to expand during the forecast period.
The hospital segment holds the lion's share:
Due to the rising patient load and frequent readmissions, hospitals held a substantial market share in the clinical chemistry market. Additionally, growing government initiatives to support adequate diagnostic facilities that produce speedy results and enhance overall efficiency also plays a significant role in the market expansion for this segment.
By Region, North America dominates the Market:
North America has a major market share in the clinical chemistry market. The presence of highly developed healthcare facilities, rising incidence of chronic disease, and increasing R&D and product developments by North America's leading market participants are the significant drivers of market growth in the region. As updated by Centres for Disease Control and Prevention in July 2022, chronic diseases are the primary cause of mortality in the United States every year. Furthermore, the Asia Pacific region will also expand its market share over the forecast period because of the rising healthcare expenditure, chronic disease prevalence, and technological advancement.
Key Players Analysis:
Abbott Laboratories, Danaher Corporation, EKF Diagnostics Holdings PLC, Hitachi, HORIBA, Ltd, Johnson & Johnson, Siemens Healthineers, Sysmex ADR, and Thermo Fisher Scientific are the leading players in the clinical chemistry market. To maintain their industrial position, these companies are concentrating on expansion strategies, including mergers and acquisitions.
Renub Research latest report "Global Clinical Chemistry Market Forecast by Product Type (Analyzers, Reagents and Others), By Test Type (Basic Metabolic Panel, Electrolyte Panel, Liver Panel, Liver Profile, Renal Profile, Thyroid Functional Panel and specialty chemical tests), by Technology (Semi-Automated and Fully-Automated), By End Users (Hospitals, Academic Research Centers, Diagnostic Laboratories and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Key Players Analysis (Abbott Laboratories, Danaher Corporation, EKF Diagnostics Holdings PLC, Hitachi, HORIBA, Ltd, Johnson & Johnson, Siemens Healthineers, Sysmex ADR and Thermo Fisher Scientific)" provides a detailed analysis of Global Clinical Chemistry Industry.
Product Type
- 1. Analyzers
- 2. Reagents
- 3. Others
Test Type
- 1. Basic Metabolic Panel
- 2. Electrolyte Panel
- 3. Liver Panel
- 4. Lipid Profile
- 5. Renal Profile
- 6. Thyroid Function Panel
- 7. Specialty Chemical tests
Technology
- 1. Semi-Automated
- 2. Fully-Automated
End User
- 1. Hospitals
- 2. Academic Research Centers
- 3. Diagnostic Laboratories
- 4. Others
Region
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. Latin America
- 5. Middle East & Africa
Key Players
- 1. Abbott Laboratories
- 2. Danaher Corporation
- 3. EKF Diagnostics Holdings PLC
- 4. Hitachi
- 5. HORIBA, Ltd
- 6. Johnson & Johnson
- 7. Siemens Healthineers
- 8. Sysmex ADR
- 9. Thermo Fisher Scientific
Table of Contents
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Clinical Chemistry Market
6. Market Share - Clinical Chemistry Market
- 6.1 By Product Type
- 6.2 By Test Type
- 6.3 By Technology
- 6.4 By End User
- 6.5 By Region
7. Product Type - Clinical Chemistry Market
- 7.1 Reagents
- 7.1.1 Small (400-800 Test/H)
- 7.1.2 Medium (800-1200 Tests/ H)
- 7.1.3 Large (1200-2000 Test/ H)
- 7.1.4 Very Large (2000 Test/H)
- 7.2 Analyzers
- 7.2.1 Liquid
- 7.2.2 Solid
- 7.2.3 Others
- 7.3 Others
8. Test Type - Clinical Chemistry Market
- 8.1 Basic Metabolic Panel
- 8.2 Electrolyte Panel
- 8.3 Liver Panel
- 8.4 Lipid Profile
- 8.5 Renal Profile
- 8.6 Thyroid Function Panel
- 8.7 Specialty Chemical tests
9. Technology - Clinical Chemistry Market
- 9.1 Semi-automated Clinical Chemistry
- 9.2 Fully Automated Clinical Chemistry
10. End User - Clinical Chemistry Market
- 10.1 Hospital
- 10.2 Academic Research Centers
- 10.3 Diagnostics Laboratories
- 10.4 Others
11. Region - Clinical Chemistry Market
- 11.1 North America
- 11.2 Europe
- 11.3 Asia Pacific
- 11.4 Middle East & Africa
- 11.5 Latin America
12. Key Players
- 12.1 Abbott Laboratories
- 12.1.1 Overview
- 12.1.2 Recent Development
- 12.1.3 Revenue
- 12.2 Danaher Corporation
- 12.2.1 Overview
- 12.2.2 Recent Development
- 12.2.3 Revenue
- 12.3 EKF Diagnostics Holdings PLC
- 12.3.1 Overview
- 12.3.2 Recent Development
- 12.3.3 Revenue
- 12.4 Hitachi
- 12.4.1 Overview
- 12.4.2 Recent Development
- 12.4.3 Revenue
- 12.5 HORIBA, Ltd.
- 12.5.1 Overview
- 12.5.2 Recent Development
- 12.5.3 Revenue
- 12.6 Johnson & Johnson
- 12.6.1 Overview
- 12.6.2 Recent Development
- 12.6.3 Revenue
- 12.7 Siemens Healthineers
- 12.7.1 Overview
- 12.7.2 Recent Development
- 12.7.3 Revenue
- 12.8 Sysmex ADR
- 12.8.1 Overview
- 12.8.2 Recent Development
- 12.8.3 Revenue
- 12.9 Thermo Fisher Scientific
- 12.9.1 Overview
- 12.9.2 Recent Development
- 12.9.3 Revenue
List of Figures
- Figure-01: Global - Clinical Chemistry Market (Billion US$), 2017 - 2022
- Figure-02: Global - Forecast for Clinical Chemistry Market (Billion US$), 2023 - 2027
- Figure-03: Product Type - Reagents Market (Billion US$), 2017 - 2022
- Figure-04: Product Type - Forecast for Reagents Market (Billion US$), 2023 - 2027
- Figure-05: Reagents - Small (400-800 Test/H) Market (Million US$), 2017 - 2022
- Figure-06: Reagents - Forecast for Small (400-800 Test/H) Market (Million US$), 2023 - 2027
- Figure-07: Reagents - Medium (800-1200 Tests/ H) Market (Million US$), 2017 - 2022
- Figure-08: Reagents - Forecast for Medium (800-1200 Tests/ H) Market (Million US$), 2023 - 2027
- Figure-09: Reagents - Large (1200-2000 Test/ H) Market (Million US$), 2017 - 2022
- Figure-10: Reagents - Forecast for Large (1200-2000 Test/ H) Market (Million US$), 2023 - 2027
- Figure-11: Reagents - Very Large (2000 Test/H) Market (Million US$), 2017 - 2022
- Figure-12: Reagents - Forecast for Very Large (2000 Test/H) Market (Million US$), 2023 - 2027
- Figure-13: Product Type - Analyzers Market (Million US$), 2017 - 2022
- Figure-14: Product Type - Forecast for Analyzers Market (Million US$), 2023 - 2027
- Figure-15: Analyzers - Liquid Market (Million US$), 2017 - 2022
- Figure-16: Analyzers - Forecast for Liquid Market (Million US$), 2023 - 2027
- Figure-17: Analyzers - Solid Market (Million US$), 2017 - 2022
- Figure-18: Analyzers - Forecast for Solid Market (Million US$), 2023 - 2027
- Figure-19: Analyzers - Others Market (Million US$), 2017 - 2022
- Figure-20: Analyzers - Forecast for Others Market (Million US$), 2023 - 2027
- Figure-21: Product Type - Others Market (Million US$), 2017 - 2022
- Figure-22: Product Type - Forecast for Others Market (Million US$), 2023 - 2027
- Figure-23: Test Type - Basic Metabolic Panel Market (Million US$), 2017 - 2022
- Figure-24: Test Type - Forecast for Basic Metabolic Panel Market (Million US$), 2023 - 2027
- Figure-25: Test Type - Electrolyte Panel Market (Million US$), 2017 - 2022
- Figure-26: Test Type - Forecast for Electrolyte Panel Market (Million US$), 2023 - 2027
- Figure-27: Test Type - Liver Panel Market (Million US$), 2017 - 2022
- Figure-28: Test Type - Forecast for Liver Panel Market (Million US$), 2023 - 2027
- Figure-29: Test Type - Lipid Profile Market (Million US$), 2017 - 2022
- Figure-30: Test Type - Forecast for Lipid Profile Market (Million US$), 2023 - 2027
- Figure-31: Test Type - Renal Profile Market (Million US$), 2017 - 2022
- Figure-32: Test Type - Forecast for Renal Profile Market (Million US$), 2023 - 2027
- Figure-33: Test Type - Thyroid Function Panel Market (Million US$), 2017 - 2022
- Figure-34: Test Type - Forecast for Thyroid Function Panel Market (Million US$), 2023 - 2027
- Figure-35: Test Type - Specialty Chemical tests Market (Million US$), 2017 - 2022
- Figure-36: Test Type - Forecast for Specialty Chemical tests Market (Million US$), 2023 - 2027
- Figure-37: Technology - Semi-automated Clinical Chemistry Market (Million US$), 2017 - 2022
- Figure-38: Technology - Forecast for Semi-automated Clinical Chemistry Market (Million US$), 2023 - 2027
- Figure-39: Technology - Fully Automated Clinical Chemistry Market (Million US$), 2017 - 2022
- Figure-40: Technology - Forecast for Fully Automated Clinical Chemistry Market (Million US$), 2023 - 2027
- Figure-41: End User - Hospital Market (Million US$), 2017 - 2022
- Figure-42: End User - Forecast for Hospital Market (Million US$), 2023 - 2027
- Figure-43: End User - Academic Research Centers Market (Million US$), 2017 - 2022
- Figure-44: End User - Forecast for Academic Research Centers Market (Million US$), 2023 - 2027
- Figure-45: End User - Diagnostics Laboratories Market (Million US$), 2017 - 2022
- Figure-46: End User - Forecast for Diagnostics Laboratories Market (Million US$), 2023 - 2027
- Figure-47: End User - Others Market (Million US$), 2017 - 2022
- Figure-48: End User - Forecast for Others Market (Million US$), 2023 - 2027
- Figure-49: North America - Market (Million US$), 2017 - 2022
- Figure-50: North America - Forecast for Market (Million US$), 2023 - 2027
- Figure-51: Europe - Market (Million US$), 2017 - 2022
- Figure-52: Europe - Forecast for Market (Million US$), 2023 - 2027
- Figure-53: Asia Pacific - Market (Million US$), 2017 - 2022
- Figure-54: Asia Pacific - Forecast for Market (Million US$), 2023 - 2027
- Figure-55: Middle East & Africa - Market (Million US$), 2017 - 2022
- Figure-56: Middle East & Africa - Forecast for Market (Million US$), 2023 - 2027
- Figure-57: Latin America - Market (Million US$), 2017 - 2022
- Figure-58: Latin America - Forecast for Market (Million US$), 2023 - 2027
- Figure-59: Abbott Laboratories - Global Revenue (Billion US$), 2017 - 2022
- Figure-60: Abbott Laboratories - Forecast for Global Revenue (Billion US$), 2023 - 2027
- Figure-61: Danaher Corporation - Global Revenue (Billion US$), 2017 - 2022
- Figure-62: Danaher Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2027
- Figure-63: EKF Diagnostics Holdings PLC - Global Revenue (Million US$), 2017 - 2022
- Figure-64: EKF Diagnostics Holdings PLC - Forecast for Global Revenue (Million US$), 2023 - 2027
- Figure-65: Hitachi - Global Revenue (Billion US$), 2017 - 2022
- Figure-66: Hitachi - Forecast for Global Revenue (Billion US$), 2023 - 2027
- Figure-67: HORIBA, Ltd. - Global Revenue (Million US$), 2017 - 2022
- Figure-68: HORIBA, Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2027
- Figure-69: Johnson & Johnson - Global Revenue (Billion US$), 2017 - 2022
- Figure-70: Johnson & Johnson - Forecast for Global Revenue (Billion US$), 2023 - 2027
- Figure-71: Siemens Healthineers - Global Revenue (Billion US$), 2017 - 2022
- Figure-72: Siemens Healthineers - Forecast for Global Revenue (Billion US$), 2023 - 2027
- Figure-73: Sysmex ADR - Global Revenue (Billion US$), 2017 - 2022
- Figure-74: Sysmex ADR - Forecast for Global Revenue (Billion US$), 2023 - 2027
- Figure-75: Thermo Fisher Scientific - Global Revenue (Billion US$), 2017 - 2022
- Figure-76: Thermo Fisher Scientific - Forecast for Global Revenue (Billion US$), 2023 - 2027
List of Tables
- Table-01: Global - Clinical Chemistry Market Share by Product Type (Percent), 2017 - 2022
- Table-02: Global - Forecast for Clinical Chemistry Market Share by Product Type (Percent), 2023 - 2027
- Table-03: Global - Clinical Chemistry Market Share by Test Type (Percent), 2017 - 2022
- Table-04: Global - Forecast for Clinical Chemistry Market Share by Test Type (Percent), 2023 - 2027
- Table-05: Global - Clinical Chemistry Market Share by Technology (Percent), 2017 - 2022
- Table-06: Global - Forecast for Clinical Chemistry Market Share by Technology (Percent), 2023 - 2027
- Table-07: Global - Clinical Chemistry Market Share by End Users (Percent), 2017 - 2022
- Table-08: Global - Forecast for Clinical Chemistry Market Share by End Users (Percent), 2023 - 2027
- Table-09: Global - Clinical Chemistry Market Share by Regions (Percent), 2017 - 2022
- Table-10: Global - Forecast for Clinical Chemistry Market Share by Regions (Percent), 2023 - 2027
