Biochemistry analyzers are machines designed for analyzing blood, cerebral spinal fluid, urine, and other biological samples. These machines are equipped with electrochemical and optical technologies for measuring characteristics of the sample. Most of these analyzers use optical technologies for performing the measurements such as colorimetric, spectrometric, absorption, and fluoroscopic detection methods. These machines can also measure chemicals such as antigens, proteins, and molecules in body fluids. These analyzers offer several benefits such as fast measurement ability, accuracy, and high sensitivity when detecting even minuscule amount of chemicals.
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On the basis of modality, the biochemistry analyzers market has been divided into bench top, and floor standing. Bench top analyzers are comparatively small in size and can be used with significant level of flexibility. In addition, in small laboratory settings, benchtop analyzes are preferred over space consuming floor standing analyzers. Considering the convenience benefits offered, growth rate of demand for bench top analyzers is expected to surpass the demand for floor standing analyzers during the forecast period.
On the basis of end user, the biochemistry analyzers market has been segmented into hospitals, diagnostics centers, pharmaceutical and biotechnology companies, academic research institutes, and contract research organizations. Hospitals and diagnostics centers covers all type of hospitals, clinics, family planning service providers, epidemic prevention stations, and testing labs. These analyzers are widely used in both hospitals and diagnostics centers.
On the basis of both value and volume, North America dominated the market in 2017. High penetration of these analyzers in countries such as U.S. and Canada are attributed to its strong base of pharmaceutical and healthcare sector. From supply side, many of the producers of biochemistry analyzers are located in this region and they have strong distribution channel penetration across hospitals, diagnostics centers, pharmaceutical and biotechnology companies, and academic research institutes.
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Growth of the biochemistry analyzers market is hindered by factors such as its complex system integration is complex and high upfront cost. High upfront cost has dented its attractiveness among price sensitive customers in countries from Asia-Pacific.
Some of the major players operating in the global biochemistry analyzers market are Abbott, Siemens AG, Thermo Fisher Scientific, HORIBA, Ltd., F. Hoffmann-La Roche Ltd, Beckman Coulter Inc., Hologic, Inc., Danaher Corporation, Meril Life Sciences Pvt. Ltd., and Randox Laboratories Ltd.