Dry Chemistry Analyzer Market Size to Surpass US$ 17.7 billion by 2030 – Growth Plus Reports

Newark, New Castle, USA, March 07, 2023 (GLOBE NEWSWIRE) — According to the latest report published by Growth Plus Reports, the global dry chemistry analyzer market is expected to clock US$ 17.7 billion by 2030 and to grow at a CAGR of 4.28 % during the forecast period. This exclusive information is published by Growth Plus Reports in its report titled “Dry Chemistry Analyzer Market – Global Outlook & Forecast 2022-2030”

Market Drivers

The demand for dry chemistry analyzers in hospitals and clinical laboratories increased significantly, attributed to the advantages offered by these systems in improving patient care and laboratory efficiency to deliver faster and more accurate test results. For instance, FUJIFILM introduced novel products such as NX 700, NX 500, and NX 10, which can offer precise results in less time and a single run. Moreover, rising diagnostic practices is also increasing the use of analyzers in hospitals. Research and development in pharmaceutical, biopharmaceutical, and academic research institutes are also increasing the use of dry chemistry analyzers due to their several advantages.

The global dry chemistry analyzer market has been analyzed from four perspectives: Product Type, Application, and Region.

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Dry Chemistry Analyzer Market Scope

Report Attribute Details
Market size value in 2021 US$ 12.2 billion
Revenue forecast in 2030 US$ 17.7 billion
Growth Rate CAGR of 4.28% from 2022 to 2030
Base year for estimation 2021
Forecast period 2022-2030
Historical Year 2020
Segments covered Product Type, Application, and Region
Regional scope North America, Europe, Asia Pacific, and the Rest of the World (ROW)

Excerpts from ‘By Product Type Segmentation’

Based on product types, the global dry chemistry analyzer market has been segmented into:

  • semi-automated
  • fully automated.

Semi-automated and fully automated segments will show steady growth in the coming years. The semi-automated chemical analyzer provides analyte concentration immediately, eliminating the need for computation. A semi-automatic chemical analyzer can also provide an absorbance reading when using the absorbance module. Moreover, the Semi-auto chemical analyzer can perform a wide range of normal, special, and difficult chemistry investigations.

A fully automatic analyzer offers precise results with minimum human input. These measurable blood and other fluid characteristics may aid in diagnosing disease. Dry chemistry analyzers decrease the testing time for several analytes because of the automation of the testing procedure.

Excerpts from ‘By Application Segmentation’

The global dry chemistry analyzer market has been segmented based on application types into:

  • Hospitals
  • Blood Banks
  • Diagnostic Laboratories
  • Others

The hospital segment has dominated the market with the largest market share in 2021. Hospitals and healthcare facilities worldwide rely on accurate, reliable laboratory testing to diagnose and treat patients. In recent years, dry chemistry analyzers have become an increasingly popular choice for running clinical tests in hospitals. These devices offer a wide range of advantages, from improved accuracy and streamlined workflow. These analyzers require minimal maintenance and can last for years with proper care, making them an economical option for hospitals and healthcare facilities. These systems also eliminate the need for purchasing and storing reagents, resulting in further cost savings.

Excerpts from ‘By Region Segmentation’

Based on region, the global dry chemistry analyzer market has been segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

North America dominated the global dry chemistry analyzer market during the projection period owing to the high demand for analyzers from pharmaceutical, research, development, and clinical fields. Moreover, the North America market is growing significantly due to the presence of many market incumbents, such as Danaher Corporation, FUJIFILM etc.

The Asia Pacific dry chemistry analyzer market is anticipated to show lucrative growth in the forecast period owing to rising hospital density and growing government focus on increasing healthcare standards. Countries such as Japan have the highest demand for dry chemistry analyzers for diagnostics due to many aging people suffering from chronic diseases. The nation’s high medical spending necessitates using cutting-edge analytical tools and materials to provide improved medical treatment.

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Excerpts from ‘Competitive Landscape

Some prominent market players in the global dry chemistry analyzer market include:

  • Sysmex Corporation
  • AMS Alliance
  • Snibe Co. Ltd.
  • Teco Diagnostics
  • Erba Mannheim
  • F. Hoffmann -La Roche Ltd.
  • Ortho Clinical Diagnostics
  • HITACHI, Ltd.
  • Danaher Corporation
  • Siemens AG.

Table of Content

    1. Market Ecosystem 
    2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Years – 2021
      3. Forecast Years – 2022 to 2030 
    3. Currency Used in the Report
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions       
    1. Current Market Trend (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2021) 
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
    1. Semi-Automatic
    2. Fully Automatic 
    1. Hospitals
    2. Blood Banks 
    3. Diagnostic Laboratories 
    4. Other

TOC Continued..

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