This report is aimed at identifying the most significant trends in the global clinical chemistry reagents market and provide information on how these are expected to impact demand over the next eight years. The global clinical chemistry reagents market was valued at $5,078 million in 2018 and is projected to reach a value of $7,902 million by 2028 with an anticipated CAGR of 4.6% during 2019-2028.
Clinical chemistry reagents are consumables used in clinical laboratories for various methods of testing. These include common tests such as blood glucose, ketones, cholesterol levels (total, HDL, and LDL) to other more specialized tests that measure kidney function and liver enzymes. Other commonly used reagents include test kits for detecting pregnancy hormones (hCG), lactic acid detection kit boxes with different concentrations required by hospitals, clinics, etc.; urinalysis dipsticks for diagnosing urinary tract infections; erythrocyte sedimentation rate studies using cuvettes/slides available as individual reactions or complete diagnostic packages.
On the basis of type, clinical chemistry reagents are segmented into liquid, solid, and others.
A liquid clinical chemistry reagent is a set of chemicals that are used in blood tests to measure the concentration of various substances such as glucose, lipid profile, or cholesterol. These liquid compounds can be mixed with whole blood or other fluids and then analyzed.
Solid clinical chemistry reagents are used in various lab operations that include immunoassay, nucleic acid analysis, and molecular diagnostics. The demand for solid clinical chemistry reagents is driven by the increase in medical research activities across the globe. Solid clinical chemistry reagents play a crucial role in creating permanent records of patient's health status as well as the development of new medicines to cure different diseases.
Other clinical chemistry reagents provide detection of chemical compounds in body fluids. These are also used for the diagnosis and treatment of various diseases, such as diabetes or congestive heart failure. They can be grouped into three types: liquid reagent test strips; solid (sugar) composition tablets; and other items including a plastic card that contains one-time use powder vials with dipsticks to measure specific substances.
On the basis of application, clinical chemistry reagents are segmented into pharmaceutical, food, and others.
The use of clinical chemistry reagents in manufacturing pharmaceutical products is increasing. The reason for this is to ensure that high-quality, sterile, and potent drugs are manufactured. In the current scenario when there are many pharmacies and drugstores available, it becomes a challenge to identify which one has quality drugs. Manufacturers need assurance so they can provide their customers with safe drugs without any adulteration or contamination from external sources.
The use of clinical chemistry reagents in the food industry is to check for ingredients in different products. For example, if a drink company wants to be certified under European Union legislation as ‘gluten free’ it must conduct gluten testing using an ELISA-based test and confirm that there are no detectable levels of gluten present in their product. This type of testing can also be used by consumers who have allergies or intolerances (such as those with coeliac disease) but wish to enjoy some foods without compromising on taste. These individuals may want to carry out their own quality checks, such as allergy tests at home before consuming any particular product.
Clinical chemistry reagents can be used for a variety of purposes, including diagnosing genetic disorders and determining the levels of certain substances in the body. They may also be used to monitor how well certain treatments are working or whether a disease is progressing as expected.
On the basis of region, the global clinical chemistry reagents market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa regions. North American dominates the global revenue share owing to the increasing adoption of lab-on-a-chip technology across various industries. In addition to this rise in demand for molecular diagnostics from patients has also contributed significantly towards growth in this regional market. At present European region leads the world with a significant share in terms of volume as well as revenue due to the growing aging population coupled with an increase in awareness about health monitoring leading to high spending on healthcare products and services among people living here. Furthermore Asia pacific will show a remarkable growth rate in the coming years due to a significant increase in healthcare expenditure.
- Increasing incidence of diseases such as diabetes, cancer, and heart disease is driving the growth of the clinical chemistry reagents market.
- Growth in emerging economies coupled with a growing geriatric population base is expected to contribute positively to the global clinical chemistry reagents market over coming years.
Up Market Research published a new report titled “Clinical Chemistry Reagents Market research report which is segmented by Types (Liquid, Solid, Others), By Applications (Pharmaceutical, Food, Others), By Players/Companies Thermo Fisher Scientific, Abbott Laboratories, Bayer, Abbott, Becton, Dickinson, BioMerieux, Bio-Rad Laboratories, Danaher, F.Hoffmann La Roche”. As per the study, the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Clinical Chemistry Reagents Market Research Report|
|By Type||Liquid, Solid, Others|
|By Application||Pharmaceutical, Food, Others|
|By Companies||Thermo Fisher Scientific, Abbott Laboratories, Bayer, Abbott, Becton, Dickinson, BioMerieux, Bio-Rad Laboratories, Danaher, F.Hoffmann La Roche|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||238|
|Number of Tables & Figures||167|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Liquid, Solid, Others and By Application Pharmaceutical, Food, Others.
Some of the companies that are profiled in this report are:
Clinical Chemistry Reagents Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Clinical Chemistry Reagents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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