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Clinical Chemistry Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

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    Report

  • 120 Pages
  • November 2021
  • Region: Global
  • Acute Market Reports
  • ID: 5616023
Clinical chemistry, an applied part of biochemistry is the territory of science that deals with examination of body fluids for diagnostic and restorative purposes. Clinical chemistry is a tool used in hospitals, clinical laboratories, and physician’s office to test whole blood, serum, plasma, cerebrospinal fluids, and urine samples for detection of analyte concentration, to find out hematology values, to diagnose disease, metabolic function or to assess presence of drugs. The common two methods deployed in clinical chemistry are photometry and ion selective electrodes (ISE). In photometry, analyte concentration is measured by detecting colour produced when sample is mixed with reagents; whereas in ISE, a sensor is used to determine electrolyte concentration of test sample. Commercially available chemistry analyzers are generally of two typei.e. dry chemistry analyzer and wet chemistry analyzer. In dry chemistry analyzer, instead of wet reagents only lyophilized reconstituted reagents are applied on the slides, on to which test sample is applied and the analyte concentration is measured by the amount of reflected light. The dry chemistry analyzer is gaining popularity among medical professionals due to its efficiency and high-quality clinical outcomes. The wet chemistry tests are widely performed as it provides improved quality test results with minimum time and reduces amount of waste. The economic advantage of wet clinical analyzer and cost effective test would boost the market growth in the coming years.

The report entitled 'Clinical Chemistry Market - Growth, Future Prospects, and Competitive Analysis, 2021 - 2029' offers monetary authorities, officials, business executives and industry specialists with detailed analysis and investigation to empower them to take key methodologies and business choices concerning the possibilities of worldwide clinical chemistry market. The report effectively conveys the comprehensive evaluation of market elements containing drivers, constraints, opportunities and difficulties. This report likewise gives key existing patterns and future extent of the clinical chemistry market alongside information for the base year 2020 and anticipated to 2029 considering CAGR from 2021-2029.

Global market of clinical chemistry is majorly influenced by increasing incidences of infectious disease and growing prevalence of lifestyle diseases such as diabetes, and cardiovascular disorders. Global prevalence of diabetes has reached 422 million in the year 2018 as per the World Health Organization; such high prevalence is expected to be one of the key impact rendering factor of the clinical chemistry market. Growing geriatric population is one of the primary factors driving the market growth since elderly people are mostly susceptible to infectious diseases and other disabilities. Healthcare initiatives from government as well as public and private healthcare facilities, health screening programme and routine health check-ups play major roles in driving the overall growth of clinical chemistry market. The preference for automated clinical chemistry among medical professionals is on rise due to reduction in workload, increase in turn-around time, faster and accurate result, and improved reproducibility. Growing healthcare infrastructure facilities and implementation of advanced technology in healthcare area, increasing usage of automation are anticipated to create opportunities for the clinical chemistry market. However, the high cost of devices and requirements of skilled professionals might pose some challenges on the smooth growth of the clinical chemistry market.

Global clinical chemistry market has been categorized on the basis of products types such as analyzers, and reagents. Analyzers are segmented into fully-automated analyzers, semi-automated analyzers, and accessories. Fully automated analyzers are further classified according on tests per hour basis. Reagents are classified into calibrators, standard, control and other reagents. Based on the application of clinical chemistry, the market has been classified as basic metabolite panel, electrolyte panel, liver function test, lipid profile, kidney function test, thyroid profile, specialty chemical test and other biochemical tests. This report contains the cross-sectional data analysis of each and every section containing data for the base year of 2020 and predicted the market through 2029 along with CAGR calculated from 2021-2029.

On the basis of key geographical region, the global clinical chemistry market has been classified into five principal areas and they are further cross-sectioned as per the constituent regions:

  • North America
  • The U.S.
  • Canada
  • Europe
  • The U.K.
  • Germany
  • Rest of Europe
  • Asia Pacific
  • India
  • Japan
  • South Korea
  • China
  • Rest of Asia Pacific
  • Latin America Middle East and Africa
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East and Africa
  • GCC
  • Rest of Middle East and Africa
The market research report of clinical chemistry covers comprehensive profiling of few existing dominant players of clinical chemistry market along with complete business information and the mentioned companies are ELITechGroup, Roche Diagnostics International Ltd., Beckman Coulter, Inc., Thermo Fisher Scientific, Alfa Wassermann, Ortho-Clinical Diagnostics, Abbott, Accurex Biomedical Pvt. Ltd., HORIBA, Ltd., EKF Diagnostics, Furuno Electric Co., Ltd., Medica Corporation, Siemens Medical Solutions USA, Inc., Randox Laboratories Ltd. MediGroup, ACON Laboratories, Inc. and other notable players.

Based on the product type, the global clinical chemistry market is segmented as below:

  • Analyzer
  • Fully Automated Clinical Chemistry Analyzer
  • Very large (>2000 tests/hour)
  • Large (1200-2000 tests/hour)
  • Medium (800-1200 tests/hour)
  • Small (400-800)
  • Very small (
  • Semi-Automated Clinical Chemistry Analyzer
  • Accessories
  • Reagents
  • Calibrators
  • Standards
  • Controls
  • Other Reagents
Clinical chemistry reagents segment is projected to hold the largest share in the clinical chemistry market due to presence of wide range of reagents like substrates, enzyme, proteins, electrolytes, dyes, buffers utilized in laboratory. Calibrators assist analyzer to produce accurate and reliable clinical result after adjusting the analyzer to measure particular analyte in test sample. Standard solution is important to set equipment to measure correctly at known concentration range of sample. Control reagents are of same appearance as of patient’s sample and used to verify accuracy and acceptability of each test run. The reagents market is anticipated to witness lucrative growth due to increasing number of clinical test procedures with cost effective reagents to ensure minimal variation in clinical result. Fully automated clinical chemistry is a medical laboratory instrument with minimal human assistance where manual operation is needed to set the parameters according to the demand. Lower cost, easy handling and simple user interference makes the process easy and these factors drive inclination of hospital and medical facilities towards fully automated clinical chemistry. Fully automated analyzer are much in demand for the big laboratories where there is high pressure of bulk sample diagnosis. Integration of technologically advanced features such as intelligent sample management, large data storage, barcode tracker for sample identification, wireless chip would drive the preference of fully automated device which are expected to drive the market in future years. In semi-automated analyzers, initial part of the process are done manually and rest by the device. Due to cheaper price it is mostly preferred in the small sized laboratories that demands low cost of operation.

On the basis of application, the global clinical chemistry market is categorized into following area:

  • Basic Metabolite Panel
  • Electrolyte Panel
  • Liver Function Test
  • Lipid Profile
  • Kidney Function Test
  • Thyroid Profile
  • Specialty Chemical Test
  • Other Biochemical Tests
Basic metabolic panel is identified as the leading segment due to rising prevalence of lifestyle diseases and metabolic disorders. Up surging routine health check-ups assisted by growing health awareness among public is one of the key market driving factors. Increasing rate of lipid profile test for detection of cholesterol and lipoprotein level due to rising prevalence of cardiovascular diseases as a result of sedentary lifestyle and fat-rich diet habits drive the clinical chemistry market. Electrolyte imbalance occurs in respiratory diseases, renal diseases and in cases of metabolic anomalies; which urged the need of electrolyte panel monitoring. American Thyroid Association (ATA) stated that, 12% of the U.S. population generally develop thyroid during their lifetime and around 20 million Americans have thyroid disease. In the year 2020, an estimated 56,870 adults were with thyroid cancer; this high prevalence indicated the huge importance of thyroid diagnostics at an early stage. Research funded by the American Thyroid Association for mandatory screening of thyroids in newborns and cost-effective detection method fuelled the market growth of clinical chemistry.

Geographically, the global clinical chemistry market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.


In the base year 2020, North America is the dominating region in terms of sales revenue of global clinical chemistry market followed by Europe as a result of rising health awareness, emerging focus into better healthy living and advanced healthcare infrastructure. In accordance with the data stated by the Centers for Disease Control and Prevention (CDC), more than 29 million people were affected with diabetes in the United States in the year 2020; such high prevalence of diabetes mellitus indicated the surging demand for blood glucose diagnosis, which in turn has driven the clinical chemistry market growth. Heart disease is abruptly escalating in the United States due to change in lifestyle and diet pattern which is responsible for around 600,000 deaths in the United States per year. Clinical diagnosis of cholesterol and lipid profile has hence driven the market growth for initiating treatment regimen. Market presence of predominant players has influenced the North American clinical chemistry market to grow. Stringent FDA regulatory guidelines in terms of quality assurance might hamper the smooth growth of clinical chemistry; However, growing number of independent laboratories and physician office labs are expected to have a positive impact on market growth. Emerging health awareness along with initiatives taken by government and other healthcare organizations and developing healthcare infrastructure are anticipated to fuel the market growth in Asia Pacific region.

The global clinical chemistry market is presented as follows:

  • North America (The United States & Canada)
  • Europe (The United Kingdom, Germany, and rest of European countries)
  • Asia Pacific (India, Japan, China, South Korea and rest of Asia Pacific countries)
  • Latin America (Mexico, Brazil, and rest of LATAM countries)
  • Middle East and Africa (GCC, South Africa and rest of MEA countries)

Table of Contents

Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
Chapter 2. Executive Summary
2.1. Global Clinical Chemistry Market Portraiture
2.1.1. Global Clinical Chemistry Market, by Product Type, 2020 (US$ Mn)
2.1.2. Global Clinical Chemistry Market, by Application, 2020 (US$ Mn)
2.1.3. Global Clinical Chemistry Market, by Geography, 2020 vs. 2029 (Value %)
Chapter 3. Clinical Chemistry Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Clinical Chemistry: Future Trends
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Porter’s Five Forces Analysis
3.7. Attractive Investment Proposition, by Geography, 2020
3.8. Major Agreements, Partnerships and Collaborations
3.9. Competitive Landscape
3.9.1. Competitive Landscape, by Key Players, 2020
Chapter 4. Global Clinical Chemistry Market, by Product Type, 2019 - 2029 (US$ Mn)
4.1. Overview
4.1.1. Attractive Investment Proposition: Global Clinical Chemistry Market, by Product Type, 2020
4.2. Analyzer
4.2.1. Fully Automated Clinical chemistry
4.2.1.1. Very large (>2000 tests/hour)
4.2.1.2. Large (1200-2000 tests/hour)
4.2.1.3. Medium (800-1200 tests/hour)
4.2.1.4. Small (400-800)
4.2.1.5. Very small (4.2.2. Semi-Automated Clinical chemistry
4.2.3. Accessories
4.3. Reagents
4.3.1. Calibrator
4.3.2. Standard
4.3.3. Control
4.3.4. Other Reagents
Chapter 5. Global Clinical Chemistry Market, by Application, 2019 - 2029 (US$ Mn)
5.1. Overview
5.1.1. Attractive Investment Proposition: Global Clinical Chemistry Market, by Application, 2020
5.2. Basic Metabolite Panel
5.3. Electrolyte Panel
5.4. Liver Function Test
5.5. Lipid Profile
5.6. Kidney Function Test
5.7. Thyroid Profile
5.8. Specialty Chemical Test
5.9. Other Biochemical Tests
Chapter 6. Global Clinical Chemistry Market, by Geography, 2019 - 2029 (US$ Mn)
6.1. Overview
6.2. North America Clinical Chemistry Market Analysis, 2019 - 2029
6.2.1. North America Clinical Chemistry Market, by Product Type, 2019 - 2029 (US$ Mn)
6.2.2. North America Clinical Chemistry Market, by Application, 2019 - 2029 (US$ Mn)
6.2.3. North America Clinical Chemistry Market, by Country, 2019 - 2029 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Clinical Chemistry Market Analysis, 2019 - 2029
6.3.1. Europe Clinical Chemistry Market, by Product Type, 2019 - 2029 (US$ Mn)
6.3.2. Europe Clinical Chemistry Market, by Application, 2019 - 2029 (US$ Mn)
6.3.3. Europe Clinical Chemistry Market, by Country, 2019 - 2029 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Clinical Chemistry Market Analysis, 2019 - 2029
6.4.1. Asia Pacific Clinical Chemistry Market, by Product Type, 2019 - 2029 (US$ Mn)
6.4.2. Asia Pacific Clinical Chemistry Market, by Application, 2019 - 2029 (US$ Mn)
6.4.3. Asia Pacific Clinical Chemistry Market, by Country, 2019 - 2029 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of APAC
6.5. Latin America Clinical Chemistry Market Analysis, 2019 - 2029
6.5.1. Latin America Clinical Chemistry Market, by Product Type, 2019 - 2029 (US$ Mn)
6.5.2. Latin America Clinical Chemistry Market, by Application, 2019 - 2029 (US$ Mn)
6.5.3. Latin America Clinical Chemistry Market, by Country, 2019 - 2029 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Clinical Chemistry Market Analysis, 2019 - 2029
6.6.1. MEA Clinical Chemistry Market, by Product Type, 2019 - 2029 (US$ Mn)
6.6.2. MEA Clinical Chemistry Market, by Application, 2019 - 2029 (US$ Mn)
6.6.3. MEA Clinical Chemistry Market, by Country, 2019 - 2029 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA
Chapter 7. Company Profiles
7.1. Abbott
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Accurex Biomedical Pvt. Ltd.
7.3. ACON Laboratories
7.4. Alfa Wassermann
7.5. Beckman Coulter, Inc.
7.6. EKF Diagnostics
7.7. ELITechGroup
7.8. Furuno Electric Co., Ltd.,
7.9. HORIBA, Ltd
7.10. Medica Corporation
7.11. MediGroup
7.12. Ortho-Clinical Diagnostics
7.13. Randox Laboratories Ltd.
7.14. Roche Diagnostics International Ltd
7.15. Siemens Medical Solutions USA, Inc

Companies Mentioned

  • ELITechGroup
  • Roche Diagnostics International Ltd.
  • Beckman Coulter Inc.
  • Thermo Fisher Scientific
  • Alfa Wassermann
  • Ortho-Clinical Diagnostics
  • Abbott
  • Accurex Biomedical Pvt. Ltd.
  • HORIBA Ltd.
  • EKF Diagnostics
  • Furuno Electric Co.