Enzyme analysis, in blood serum, analyzes the activity of particular enzymes in a sample of blood serum, usually for the determination and identification of a disease. The enzymes perform their catalytic function in cells and tissues where they are mainly concentrated; in disease, however, certain enzymes tend to leak into the circulation from the injured cells and tissues. Human serum is the host of over 50 enzymes. Automatic enzyme sign analyzers play important role in the analysis of different types of enzymes in hospitals, laboratories, etc. Global Automatic Enzyme Sign Analyzer market was valued at just under USD 950 million in 2019 and is expected to reach over USD 1,175 million in 2027, growing at a CAGR of over 6.5% during the forecast period.
By type, global automatic enzyme sign analyzer market is segmented into 2/4-pin, 4/8-pin, 8-pin and Others. In 2019, global automatic enzyme sign analyzer market was dominated by 2/4-pin segment with almost 50% share in total revenue generation. It is also expected to be the fastest-growing segment over the forecast period and maintain its dominance.
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Global Automatic Enzyme Sign Analyzer Market by Type, 2019
Global automatic enzyme sign analyzer market is segmented based on applications such as Hospitals, Laboratories and Others. Use of automated enzyme analyzers in hospitals accounted for the largest revenue of over USD 485 million in the year 2019. The high share of the hospital can be attributed to the increasing trend among leading hospitals to focus on achieving high test volumes, and favourable health reforms to deliver better hospital care. Additionally, the rapidly growing number of corporate hospital chains around the world is also expected to contribute towards the growth of automated analyzers market demand over the forecast years.
An increasing number of diagnostic laboratories are expected to exhibit rapid growth in demand for automated analyzers over the forecast years. Automation facilitates the laboratories to engage their skilled resources for more important activities such as analysis and test results review. Use of automated enzyme analyzers in diagnostic laboratories is estimated to show a considerable amount of growth at a CAGR of 6.5% over the forecast time period.
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Global Automatic Enzyme Sign Analyzer Market by Application, 2019
Increasing focus on the growing demand for automation and integration has paved the way for the rapid growth of automatic enzyme sign analyzer market. The automated enzyme analyzers market is poised to grow on the account of increasing shift in trend towards lab automation together with an ever-rising prevalence rate of infectious diseases. Automated analyzers gaining popularity among end-users, which can be attributed to the increasing focus of major players on innovation to the existing products and expanded clinical applications. Various pharmaceutical and biotechnology companies are increasingly using them for drug discovery purposes. Leading companies are focusing on to increase their reach to key application segments such as hospitals and laboratories by offering innovative immunoassay system features, output and extended application areas. Hence, the increase in applications of automated enzyme analyzers is expected to the future market growth. Automatic Enzyme Sign Analyzer is costly devices. The high cost is one of the major restraining factors for Automatic Enzyme Sign Analyzer industry. Moreover, the lack of skilled professionals and labour force to operate Automatic Enzyme Sign Analyzer is another important constraint for this industry.
North America dominated the global automatic enzyme sign analyzer market with over 40% share in 2019. North America dominated the market on the account of easy availability and higher penetration of the automatic enzyme sign analyzer in the region. Moreover, the early adoption of the automatic enzyme sign analyzer by hospitals and laboratories in the region also fueling the growth of this industry in the region.
Global Automatic Enzyme Sign Analyzer Market, by Company, 2019
Major players in global automatic enzyme sign analyzer market include but not limited to Dynex Technologies, Biomerieux, Tecan, Tosoh, Meril Life Sciences, IASON, Bio-Rad, Awareness Technology, Arlington Scientific, Inova DX, Grifols, Molecular Devices and Others. The global automatic enzyme sign analyzer market is highly fragmented with the top six players accounting for just over 28% share in the global market.
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Automatic Enzyme Sign Analyzer Market by Type, 2015 – 2027 Volume (K Units) and Revenue (USD Million)
Automatic Enzyme Sign Analyzer Market by Application, 2015 – 2027 Volume (K Units) and Revenue (USD Million)
Automatic Enzyme Sign Analyzer Market by Region, 2015 – 2027 Volume (K Units) and Revenue (USD Million)
- United States
- South Korea
- Southeast Asia
The Middle East and Africa
- Saudi Arabia
- South Africa
Automatic Enzyme Sign Analyzer Market by Company, 2018 – 2019 Volume (K Units) and Revenue (USD Million)
- Dynex Technologies
- Merril Life Sciences
- Awareness Technology
- Arlington Scientific
- Inova DX
- Molecular Devices
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