Kalorama: Clinical Chemistry Market Reaches $7.9 Billion

NEW YORK, May 7, 2015 /PRNewswire/ -- Kalorama Information says that the world market for clinical chemistry reached $7.9 billion in 2014. Growth will be fair, driven by new tests and contributing factors such as an aging population and the growing number of people with major diseases.   Despite the slow-growth status of routine testing, the healthcare market researcher says the clinical chemistry market is dynamic enough for some innovations and expansion of menus. The healthcare market research publisher's report, The Market for Clinical Chemistry, looks not only at clinical chemistry, but also at all the major segments of clinical lab testing.

The report can be found at Kalorama Information: http://www.kaloramainformation.com/redirect.asp?progid=87435&productid=8929833.

Kalorama expects fair growth in the clinical chemistry market. The U.S., Europe and Japan account for the lion's share of the market and these regions should continue to dominate for the next five years. Intense provider consolidation in the United States, commoditization of most chemistry offerings and increasing price pressures have pushed the cost per test of routine chemistries just about as low as possible. There will be some sales to emerging markets such as China and Brazil, which will lead to positive growth.

"Growth is fair, but there is competition and test menu expansion, as well as some new markets," said Bruce Carlson, Publisher of Kalorama Information.

Top vendors in this market include Abbott, Beckman Coulter, Roche and Siemens.  Other participants include Hitachi High-Technologies Corp., Instrumentation Laboratory and Ortho-Clinical Diagnostics. These companies offer not only analyzer systems but automation and software that help their customers improve efficiency.

The information presented in this report is derived on publicly available information sources such as company, government, and medical organization reports. The analysis is based on the author's industry knowledge combined with literature searches and interviews with industry professionals and experts in the IVD industry.  The Market for Clinical Chemistry can be found at Kalorama Information: http://www.kaloramainformation.com/redirect.asp?progid=87435&productid=8929833.

About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.

We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.  

Contact:
Bruce Carlson
(212) 807-2622
[email protected]
www.KaloramaInformation.com

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SOURCE Kalorama Information