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Global Clinical Chemistry Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Insight, Impact of COVID-19, Company Analysis

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    Report

  • 200 Pages
  • March 2022
  • Region: Global
  • Renub Research
  • ID: 5562671
Global clinical chemistry Market is anticipated to reach US$ 17.1 Billion by 2027. clinical chemistry products are used worldwide to test liquid samples, including plasma, blood, and urine, for the presence of any harmful drugs or drug-related chemicals. Furthermore, general testing, special tests, diagnostic tests, toxicological tests, urinalysis, and clinical endocrinology tests are all included in clinical chemistry. Again, clinical chemistry tests are frequently used to diagnose chronic disorders such as diabetes and cancer. Clinical chemistry exams are often performed in other medical specialties like gynecology and cancer.




Worldwide Clinical Chemistry Market Size was US$ 13 Billion in 2021:


The rise of the clinical chemistry business has recently been fuelled by the rising prevalence of chronic ailments such as cancer and diabetes, which has resulted in greater demand for speedier diagnosis, technical breakthroughs, and scientific research for further therapeutic usage. Effortless parameter monitoring, automatic data capture, and automatic variable changes are just a few of the advantages provided by the advancements. The total clinical chemistry market is predicted to grow in the future due to an increased desire for automated clinical chemistry techniques among healthcare and medical professionals. In addition, rising disposable incomes and increased awareness for the need of diagnostic examinations are driving demand in the clinical chemistry industry.


COVID-19 Impact on Global Clinical Chemistry Industry:


The COVID-19 epidemic harmed company sales around the world. Lockdowns stemming from the COVID-19 epidemic forced people to postpone medical appointments, reducing the number of tests performed and reagent sales. However, as governments increasingly relieve travel restrictions, there is a rebound in testing numbers. Aside from vaccinations and therapeutic medications, there is an increasing market for developing more precise and straightforward testing methods and the expansion of testing structures. Companies have made strategic decisions to implement COVID-19 rapid tests, maintain revenue, and mitigate COVID-19's impact on their operating capabilities. According to the publisher, Global clinical chemistry Industry is expected to expand with a CAGR of 4.7% during 2021-2027.


Reagents Segment will Gain Market Share during the Forecast Period:


The clinical chemistry market is divided into analyzers and reagents based on product. According to our analysis, the analyzer product segment is expected to contribute the most to the overall clinical chemistry market growth in the coming years since it is the first line of products utilized in several clinical chemistry tests. Despite this, the reagents sector would increase market share during the forecast period because of the high volume of reagents required compared to analyzers.


Basic Metabolic Panel Tests Segment Hold Lion's Share:


By Test Type, we have covered the market for Basic Metabolic Panel, Electrolyte Panel, Liver Panel, Lipid Profile, Renal Profile, Thyroid Function Panel, and Specialty Chemical tests. According to our research, the basic metabolic panel tests category will account for most of the market in 2021. Furthermore, the rising incidence of diabetes and other lifestyle and chronic diseases and the growing trend of preventive healthcare can be ascribed to the growth of basic metabolic panel tests.


End-User, the Hospitals' Segment dominates the Market:


Hospitals led the clinical chemistry industry in 2021, accounting for a significant market share. Increased market penetration and procedure volumes are to blame for hospital expansion worldwide. Expanded government programs to provide various services, such as funding for clinical chemistry, are another primary driver projected to drive the hospital industry. In addition, several hospitals work with laboratories to incorporate additional tests.


Regional Analysis of the Clinical Chemistry Market:


North America, Europe, Asia Pacific, Latin America, the Middle East & Africa are the five regions that make up the worldwide clinical chemistry market. Due to a predicted growth in the geriatric population in countries like the United States and Canada, the North American region is dominant in the worldwide clinical chemistry market. In addition, these countries may see a boost in demand for breakthrough medical technologies, which might aid the clinical chemistry market's expansion in North America.

Furthermore, Europe is predicted to trail North America in the global clinical chemistry market, owing to improved healthcare infrastructure in countries like Germany and the United Kingdom and a significant percentage of the population suffering from diabetes. In addition, the clinical chemistry market in the Asia Pacific is predicted to grow profitably, particularly in nations like Japan, which have advanced healthcare infrastructure. Further, due to the absence of solid healthcare infrastructure, other regions such as Latin America and, the Middle East & Africa are likely to see moderate growth in the total clinical chemistry market.


Clinical Chemistry Market's Competitive Landscape:


The worldwide clinical chemistry market is dominated by a small number of competitors, all of whom may pursue various growth strategies to stay competitive. Furthermore, to grow their market presence and increase their revenue share, the major players in the clinical chemistry market may choose to partner with smaller companies. Government and private-sector funds may be used to assist minor clinical chemistry industry participants in their long-term expansion. Abbott Laboratories, Danaher Corporation, EKF Diagnostics Holdings PLC, Hitachi, HORIBA, Ltd., Johnson & Johnson, Siemens Healthineers, Sysmex ADR, and Thermo Fisher Scientific are the main competitors in the clinical chemistry industry.

The publisher's latest report clinical chemistry Market, Global Forecast By product Type, (Reagents (Small (400-800 Test/H), Medium (800-1200 Tests/ H), Large (1200-2000 Test/ H), Very Large (2000 Test/H)),Analyzers (Liquid, Solid, Others), Others)) Test Type (Basic Metabolic Panel, Electrolyte Panel, Liver Panel, Lipid Profile, Renal Profile, Thyroid Function Panel, and Specialty Chemical tests). Technology (Semi-automated Clinical Chemistry, Fully Automated Clinical Chemistry), End User (Hospital, Academic Research Centers, Diagnostics Laboratories, Others), Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America), Companies (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 clinical chemistry Industry.


Product Type - Market we have covered the market from 3 viewpoints:



1. Reagents
  • Small (400-800 Test/H)
  • Medium (800-1200 Tests/ H)
  • Large (1200-2000 Test/ H)
  • Very Large (2000 Test/H)



2. Analyzers
  • Liquid
  • Solid
  • Others


3. Others


Test Type - Market we have covered the market from 7 viewpoints:


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 - Market we have covered the market from 2 viewpoints:


1. Semi-automated Clinical Chemistry
2. Fully Automated Clinical Chemistry


End User - Market we have covered the market from 4 viewpoints:


1. Hospital
2. Academic Research Centers
3. Diagnostics Laboratories
4. Others


Region - Market we have covered the market from 5 viewpoints:


1. North America
2. Europe
3. Asia Pacific
4. Middle East & Africa
5. Latin America


Company Insights:


  • Overview
  • Recent Development
  • Revenue



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
Frequently Asked Questions about the Global Clinical Chemistry Market

What is the estimated value of the Global Clinical Chemistry Market?

The Global Clinical Chemistry Market was estimated to be valued at $13 Billion in 2021.

What is the growth rate of the Global Clinical Chemistry Market?

The growth rate of the Global Clinical Chemistry Market is 4.7%, with an estimated value of $17.1 Billion by 2027.

What is the forecasted size of the Global Clinical Chemistry Market?

The Global Clinical Chemistry Market is estimated to be worth $17.1 Billion by 2027.

Who are the key companies in the Global Clinical Chemistry Market?

Key companies in the Global Clinical Chemistry Market include Abbott Laboratories, Danaher Corporation, EKF Diagnostics Holdings PLC, Hitachi, HORIBA, Ltd., Johnson & Johnson, Siemens Healthineers and Thermo Fisher Scientific.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
4.3 Opportunities
5. Global Clinical Chemistry Market
6. Market Share - Global 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 - Global Clinical Chemistry Market
7.1 Reagents
7.1.1 Small (400-800 Test/H)
7.1.2 Medium (800-1300 Tests/ H)
7.1.3 Large (1300-2000 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 - Global 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 - Global Clinical Chemistry Market
9.1 Semi-automated Clinical Chemistry
9.2 Fully Automated Clinical Chemistry
10. End User - Global Clinical Chemistry Market
10.1 Hospital
10.2 Academic Research Centers
10.3 Diagnostics Laboratories
10.4 Others
11. Region - Global Clinical Chemistry Market
11.1 North America
11.2 Europe
11.3 Asia Pacific
11.4 Middle East & Africa
11.5 Latin America
12. Porters Five Forces
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13. Company Analysis
13.1 Abbott Laboratories
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 Danaher Corporation
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 EKF Diagnostics Holdings PLC
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Hitachi
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 HORIBA, Ltd.
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
13.6 Johnson & Johnson
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue
13.7 Siemens Healthineers
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue
13.8 Sysmex ADR
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Revenue
13.9 Thermo Fisher Scientific
13.9.1 Overview
13.9.2 Recent Development
13.9.3 Revenue
List Of Figures:
Figure 01: Global - Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 02: Global - Forecast for Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 03: Product Type - Reagents Market (Million US$), 2016 - 2021
Figure 04: Product Type - Forecast for Reagents Market (Million US$), 2022 - 2027
Figure 05: Product Type - Small (400-800 Test/H) Market (Million US$), 2016 - 2021
Figure 06: Product Type - Forecast for Small (400-800 Test/H) Market (Million US$), 2022 - 2027
Figure 07: Product Type - Medium (800-1200 Tests/ H) Market (Million US$), 2016 - 2021
Figure 08: Product Type - Forecast for Medium (800-1200 Tests/ H) Market (Million US$), 2022 - 2027
Figure 09: Product Type - Large (1200-2000 Test/ H) Market (Million US$), 2016 - 2021
Figure 10: Product Type - Forecast for Large (1200-2000 Test/ H) Market (Million US$), 2022 - 2027
Figure 11: Product Type - Very Large (2000 Test/H) Market (Million US$), 2016 - 2021
Figure 12: Product Type - Forecast for Very Large (2000 Test/H) Market (Million US$), 2022 - 2027
Figure 13: Product Type - Analyzers Market (Million US$), 2016 - 2021
Figure 14: Product Type - Forecast for Analyzers Market (Million US$), 2022 - 2027
Figure 15: Product Type - Liquid Market (Million US$), 2016 - 2021
Figure 16: Product Type - Forecast for Liquid Market (Million US$), 2022 - 2027
Figure 17: Product Type - Solid Market (Million US$), 2016 - 2021
Figure 18: Product Type - Forecast for Solid Market (Million US$), 2022 - 2027
Figure 19: Product Type - Others Market (Million US$), 2016 - 2021
Figure 20: Product Type - Forecast for Others Market (Million US$), 2022 - 2027
Figure 21: Product Type - Others Market (Million US$), 2016 - 2021
Figure 22: Product Type - Forecast for Others Market (Million US$), 2022 - 2027
Figure 23: Test Type - Basic Metabolic Panel Market (Million US$), 2016 - 2021
Figure 24: Test Type - Forecast for Basic Metabolic Panel Market (Million US$), 2022 - 2027
Figure 25: Test Type - Electrolyte Panel Market (Million US$), 2016 - 2021
Figure 26: Test Type - Forecast for Electrolyte Panel Market (Million US$), 2022 - 2027
Figure 27: Test Type - Liver Panel Market (Million US$), 2016 - 2021
Figure 28: Test Type - Forecast for Liver Panel Market (Million US$), 2022 - 2027
Figure 29: Test Type - Lipid Profile Market (Million US$), 2016 - 2021
Figure 30: Test Type - Forecast for Lipid Profile Market (Million US$), 2022 - 2027
Figure 31: Test Type - Renal Profile Market (Million US$), 2016 - 2021
Figure 32: Test Type - Forecast for Renal Profile Market (Million US$), 2022 - 2027
Figure 33: Test Type - Thyroid Function Panel Market (Million US$), 2016 - 2021
Figure 34: Test Type - Forecast for Thyroid Function Panel Market (Million US$), 2022 - 2027
Figure 35: Test Type - Specialty Clinical Tests Market (Million US$), 2016 - 2021
Figure 36: Test Type - Forecast for Specialty Clinical Tests Market (Million US$), 2022 - 2027
Figure 37: Technology - Semi-automated Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 38: Technology - Forecast for Semi-automated Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 39: Technology - Fully Automated Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 40: Technology - Forecast for Fully Automated Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 41: End User - Hospital Market (Million US$), 2016 - 2021
Figure 42: End User - Forecast for Hospital Market (Million US$), 2022 - 2027
Figure 43: End User - Academic Research Centers Market (Million US$), 2016 - 2021
Figure 44: End User - Forecast for Academic Research Centers Market (Million US$), 2022 - 2027
Figure 45: End User - Diagnostics Laboratories Market (Million US$), 2016 - 2021
Figure 46: End User - Forecast for Diagnostics Laboratories Market (Million US$), 2022 - 2027
Figure 47: End User - Others (Million US$), 2016 - 2021
Figure 48: End User - Forecast for Others (Million US$), 2022 - 2027
Figure 49: North America - Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 50: North America - Forecast for Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 51: Europe - Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 52: Europe - Forecast for Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 53: Asia Pacific - Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 54: Asia Pacific - Forecast for Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 55: Middle East & Africa - Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 56: Middle East & Africa - Forecast for Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 57: Latin America - Clinical Chemistry Market (Million US$), 2016 - 2021
Figure 58: Latin America - Forecast for Clinical Chemistry Market (Million US$), 2022 - 2027
Figure 59: Abbott Laboratories - Global Revenue (Million US$), 2016 - 2021
Figure 60: Abbott Laboratories - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 61: Danaher Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 62: Danaher Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 63: EKF Diagnostics Holdings PLC - Global Revenue (Million US$), 2016 - 2021
Figure 64: EKF Diagnostics Holdings PLC - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 65: Hitachi - Global Revenue (Million US$), 2016 - 2021
Figure 66: Hitachi - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 67: HORIBA, Ltd. - Global Revenue (Million US$), 2016 - 2021
Figure 68: HORIBA, Ltd. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 69: Johnson & Johnson - Global Revenue (Million US$), 2016 - 2021
Figure 70: Johnson & Johnson - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 71: Siemens Healthineers - Global Revenue (Million US$), 2016 - 2021
Figure 72: Siemens Healthineers - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 73: Sysmex ADR - Global Revenue (Million US$), 2016 - 2021
Figure 74: Sysmex ADR - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 75: Thermo Fisher Scientific - Global Revenue (Million US$), 2016 - 2021
Figure 76: Thermo Fisher Scientific - Forecast for Global Revenue (Million US$), 2022 - 2027
List Of Tables:
Table 01: Global - Clinical Chemistry Market Share by Product Type (Percent), 2018 - 2021
Table 02: Global - Forecast for Clinical Chemistry Market Share by Product Type (Percent), 2022 - 2027
Table 03: Global - Clinical Chemistry Market Share by Test Type (Percent), 2018 - 2021
Table 04: Global - Forecast for Clinical Chemistry Market Share by Test Type (Percent), 2022 - 2027
Table 05: Global - Clinical Chemistry Market Share by Technology (Percent), 2018 - 2021
Table 06: Global - Forecast for Clinical Chemistry Market Share by Technology (Percent), 2022 - 2027
Table 07: Global - Clinical Chemistry Market Share by End-User (Percent), 2018 - 2021
Table 08: Global - Forecast for Clinical Chemistry Market Share by End-User (Percent), 2022 - 2027
Table 09: Global - Clinical Chemistry Market Share by Region (Percent), 2018 - 2021
Table 10: Global - Forecast for Clinical Chemistry Market Share by Region (Percent), 2022 - 2027

Companies Mentioned

  • Abbott Laboratories
  • Danaher Corporation
  • EKF Diagnostics Holdings PLC
  • Hitachi
  • HORIBA, Ltd.
  • Johnson & Johnson
  • Siemens Healthineers
  • Sysmex ADR
  • Thermo Fisher Scientific

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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