Growth, Trends, and Opportunities in the Automated Analyzers Market: Key Insights for the Next Decade
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What is the Long-Term Projected Growth Rate for the Automated Analyzers Market, and What Are the Key Drivers?
In recent years, the market size for automated analyzers has seen significant growth. The market is projected to expand from $5.02 billion in 2024 to $5.39 billion in 2025, representing a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth during the historic period include heightened awareness of preventive healthcare, an increase in the elderly population, a surge in demand for non-invasive diagnostic tests, growth in clinical research, and an increase in drug development activities.
The market size of automated analyzers is predicted to experience formidable growth in the coming years. The market is forecasted to reach $7.11 billion in 2029, growing with a compound annual growth rate (CAGR) of 7.2%. This growth during the projected period can be credited to the growth of veterinary diagnostic operations, increasing attention towards reducing diagnostic inaccuracies, enhancing patient results, expansion of telemedicine, and heightening focus on remote monitoring. The period is also anticipated to witness several emerging trends, including all-new biomarkers, point-of-care diagnostics, home-based diagnostic tools, device miniaturization in diagnostics, and the creation of platforms capable of multi-analyte testing.
Which Primary Drivers Are Supporting the Continued Expansion of the Automated Analyzers Market?
The escalating incidence of chronic illnesses is predicted to catalyze the expansion of the automated analyzers market in the near future. Chronic diseases are becoming increasingly common due to factors such as aging populations, detrimental lifestyle habits, and global urbanization. Automated analyzers function in the management of chronic diseases by providing precise and effective diagnostic tests, which aids in the early identification, surveillance, and treatment of ailments such as diabetes, cardiovascular diseases, and renal disorders. For example, a report by Kidney Research UK, a nonprofit organization in the UK, disclosed in June 2023 that approximately 7.2 million individuals, or more than 10% of the population, in the UK are struggling with chronic kidney disease. Out of these, 3.25 million are battling the advanced stages of their disease, while another 3.9 million are in the early stages. By 2033, the count of those affected by chronic kidney disease is expected to climb to 7.61 million. Hence, the surging incidence of chronic diseases is propelling the expansion of the automated analyzers market.
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Which Companies Are Leading the Charge in Expanding 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 New Trends Are Reshaping the Automated Analyzers Market and Its Opportunities?
Leading businesses in the automated analyzers market are concentrating on creating innovative solutions like automated clinical chemistry analyzers to improve proficiency, accuracy, and throughput in diagnostic labs. Automated clinical chemistry analyzers are advanced devices used in labs to conduct a broad range of chemical tests on blood and other body fluids with minimal human involvement, thus augmenting the efficiency and precision of diagnostic testing. For instance, a manufacturing company from the US, Beckman Coulter, introduced DxC 500 AU Chemistry Analyzer in January 2024. This cutting-edge progression in automated clinical chemistry boasts of over 120 high-quality assays and is designed to substantially enhance the capabilities of independent community hospital labs and satellite. It combines refined automation, streamlined workflows, and standardised reagents to elevate testing efficiency and assist clinical decision-making. Serving as a crucial supplement to central hub labs within health systems employing hub-and-spoke models, the DxC 500 AU amplifies overall efficiency and broadens the reach to vital testing services.
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Which Key Segments of the Automated Analyzers Market Are Poised for Growth and Innovation?
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
What Are the Top Regions Fueling Growth 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.
How Is the Automated Analyzers Market Defined Across Different Regions?
Automated analyzers are laboratory devices designed to perform repetitive analytical tests with minimal human intervention. They enhance efficiency by processing large volumes of samples accurately and rapidly. These systems are commonly used in clinical, chemical, and hematological analyses.
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