What Has Been the Progress and Growth of the Automated Analyzers Market in Recent Years?
The automated analyzers market has seen considerable growth due to a variety of factors.
• In recent times, the market size for automated analyzers has been expanding significantly. It is projected that it will increase from $5.02 $ billion in 2024 to $5.39 $ billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.4%.
The escalation in the previous span is due to heightened consciousness towards preventive healthcare practices, the increase in the aging population, a surge in demand for non-invasive diagnostic procedures, expansion in clinical studies, and amplification of drug-related development activities.
How Does the Forecast Look for the Automated Analyzers Template Market?
The automated analyzers market is expected to maintain its strong growth trajectory in upcoming years.
• The market for automated analyzers is predicted to experience robust growth in the coming years, expanding to $7.11 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%.
The expected growth during the prediction period can be ascribed to the proliferation of veterinary diagnostics, the intensified focus on minimizing diagnostic inaccuracies, enhancing patient results, the surge in telemedicine, and remote supervision. Significant trends projected for the forecast period encompass new biomarkers, point-of-care diagnostics, home-based diagnostic apparatus, the miniaturization of diagnostic equipment, and the development of multi-analyte testing platforms.
What Are The Primary Growth Drivers In The Automated Analyzers Market?
The growth of the automated analyzers market is anticipated to be spurred by the increasing occurrence of chronic illnesses. This is attributed to factors like an aging population worldwide, unhealthy lifestyle habits, and the rise in urbanization. Automated analyzers play a crucial role in the management of chronic diseases, providing precise and efficient diagnostic testing which facilitates early identification, monitoring, and treatment of diseases such as diabetes, cardiovascular diseases, and kidney conditions. For example, a report from Kidney Research UK published in June 2023, reveals that over 10% of the UK population, approximately 7.2 million individuals, are dealing with chronic kidney disease. The report further reveals that 3.25 million of these are in the disease's advanced stages, while 3.9 million are in the early stages. The number of people affected by chronic kidney disease is expected to increase to 7.61 million by 2033. Hence, the escalating occurrence of chronic diseases is fueling the expansion of the automated analyzers market.
How Are The Segments Defined Within The Global Automated Analyzers Market?
The automated analyzersmarket covered in this report is segmented –
1) By Type: Biochemistry Analyzers, Immuno-Based Analyzers, Hematology Analyzers, Other Types
2) By Sample Type: Blood, Urine, Serum, Plasma, Other Sample Types
3) By Application: Drug Discovery, Genomics, Proteomics, Bio Analysis, Clinical Diagnostics, Other Applications
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies, Other End Users
Subsegments:
1) By Biochemistry Analyzers: Clinical Biochemistry Analyzers, Point-of-Care Biochemistry Analyzers, Integrated Biochemistry Systems
2) By Immuno-Based Analyzers: Immunoassay Analyzers, Enzyme-Linked Immunosorbent Assay (ELISA) Analyzers, Chemiluminescent Immunoassay (CLIA) Analyzers
3) By Hematology Analyzers: Automated Hematology Analyzers, Flow Cytometry-Based Hematology Analyzers, Complete Blood Count (CBC) Analyzers
4) By Other Types: Molecular Analyzers, Urinalysis Analyzers, Coagulation Analyzers
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How Are New Trends Expected To Influence The Growth Of The Automated Analyzers Market?
Leading firms in the automated analyzers market are concentrating on creating groundbreaking solutions including automated clinical chemistry analyzers to boost the effectiveness, precision, and throughput in diagnostic labs. Automated clinical chemistry analyzers are superior tools utilized in labs to conduct a broad spectrum of chemical tests on blood and other body fluids with limited human intervention, thereby improving diagnostic testing accuracy and efficiency. For instance, in January 2024, US-based manufacturer Beckman Coulter launched the DxC 500 AU Chemistry Analyzer, a groundbreaking development in automated clinical chemistry. With over 120 superior quality assays, this analyzer aims to substantially improve the performance of satellite and standalone community hospital labs. By incorporating advanced automation, streamlined operations, and standardized reagents, it enhances testing efficiency and assists in making clinical decisions. By acting as an important adjunct to central hub laboratories within healthcare systems employing hub-and-spoke models, the DxC 500 AU bolsters overall productivity and broadens the availability of crucial testing services.
Who Are the Key Players In The Automated Analyzers Market?
Major companies operating in the automated analyzers market are:
• Hoffmann-La Roche Ltd.
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Honeywell International
• Danaher Corporation
• Siemens Healthineers AG
• Becton
• Dickinson
• and Company
• Tosoh Corporation
• Agilent Technologies Inc.
• Grifols S.A.
• Xylem Inc.
• Hitachi High-Tech Corporation
• Mindray
• PerkinElmer Inc.
• bioMérieux SA
• Sysmex Corporation
• Bruker Corporation
• Horiba Medical
• Randox Laboratories Ltd.
• Nova Biomedical Corporation
• Trinity Biotech Plc
What Is The Most Dominant Region In The Automated Analyzers Market?
North America was the largest region in the automated analyzers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
