Global Biochemistry Analyzer Market 2017-2021

Global biochemistry analyzer market forecast

According to the biochemistry analyzer industry anlaysis, research analysts at Technavio predict that the global biochemistry analyzer market will grow steadily during the next four years and post a CAGR of over 6% by 2021. This market research analysis identifies the increase in laboratory automation as one of the primary growth factors for this market. Laboratory automation results in greater improvement in productivity with safer working conditions, reduced operational cost, and reduction in labor force. Additionally, automation enables the effectiveness in the identification of samples, easy storage of data, less component consumption and sample volume, reduction, less occupied laboratory space and reduction in turnaround time.

One of the latest biochemistry analyzer market trends that will gain traction in the coming years is the modular design of biochemistry analyzer. The modular automatic analyzer has features like filter selection, sample handling, and auto-calibration through the micro-controller. Automation of sample handling allows dealing with several blood samples at a time thus, saving time. Additionally, modular automatic analyzer is controlled through a laptop or a PC with minimal human assistance and keeps up with the latest technology advancements.

Competitive landscape and key vendors