AUTOMATED ANALYZERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global automated analyzers market is estimated to be valued at USD 2.88 Bn in 2024, and is expected to exhibit a CAGR of 9.8% during the forecast period (2024-2031). Global automated analyzers market has been witnessing  growth over the past few years due to rising demand for effective diagnostic procedures and enhanced laboratory productivity. Automated analyzers help in conducting several diagnostic tests simultaneously with high accuracy and speed by automating all the processes involved from sampling to result reporting. These play a vital role in clinical settings as well as in research laboratories by easing the workflow and allowing timely diagnosis. Various technologically advanced automated analyzers have been introduced in the market that can analyze complex biological samples while reducing manual intervention and chances of errors. Moreover, growing expenditure on healthcare and development of high-throughput systems are expected to boost demand for automated analyzers in the near future.

Market Dynamics:

Global automated analyzers market growth is driven by factors such as rising geriatric population, increasing prevalence of chronic and infectious diseases, growing demand for personalized medicine, and advancing automation in clinical laboratories. According to the United Nations, the population aged 60 years and above is projected to double by 2050 and reach around 2 billion. The elderly are more susceptible to various diseases, and this is expected to propel the automated analyzers market growth. However, high costs associated with automated analyzers and lack of skilled technicians may hamper the market growth.  Technological advancements in product offerings, untapped growth opportunities in emerging countries, and automation of smaller laboratories present lucrative opportunities for market players.

Key Features of the Study:

• This report provides an in-depth analysis of the global automated analyzers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automated analyzers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this includes Abbott, Danaher, Thermo Fisher Scientific, Inc., Becton Dickinson, Agilent Technologies, Inc., Zimed Healthcare Inc., Biobase Biodusty(Shandong), Co., Ltd., Chongqing Drawell Instrument CO,.Ltd, Transasia Bio-Medicals, Awareness Technology, Inc., Trivitron Healthcare, Getein Biotech, Inc., Eppendorf AG, Honeywell International, Inc., Aurora Biomed, HORIBA, Ltd., Beckman Coulter, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global automated analyzers market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automated analyzers market.

Detailed Segmentation-

• By Product Type:
  • Biochemistry Analyzers
  • Immuno-based Analyzers
  • Hematology Analyzers
  • Others
• By Sample Type:
  • Blood
  • Urine
  • Serum
  • Plasma
  • Others
• By End User:
  • Hospitals & Clinics
  • Diagnostic Laboratories
  • Pharmaceutical and Biotechnology Companies
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Company Profiles:

• Abbott
• Danaher
• Thermo Fisher Scientific, Inc.
• Becton Dickinson
• Agilent Technologies, Inc.
• Zimed Healthcare Inc.
• Biobase Biodusty(Shandong), Co., Ltd.
• Chongqing Drawell Instrument CO,.Ltd
• Transasia Bio-Medicals
• Awareness Technology, Inc.
• Trivitron Healthcare
• Getein Biotech, Inc.
• Eppendorf AG
• Honeywell International, Inc.
• Aurora Biomed
• HORIBA, Ltd.
• Beckman Coulter, Inc.