The Global Biochemistry Analyzer market to grow at a Compound Annual Growth Rate (CAGR) of 6.02% during the period 2017-2023.

The report, Global Biochemistry Analyzer Market 2017-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is modular design of biochemistry analyzer. The fully automatic biochemistry analyser is used to analyse many biochemical parameters of blood sample like blood glucose, urea, protein, etc., to detect various diseases like kidney, liver, and other metabolic disorders. Therefore, by analysing these parameters, the biochemistry analyzer helps in diagnosing various health disorders. It is a high performance-based micro-controller inbuilt with the photometric technology.

According to the report, one of the major drivers for this market is growing aging population. The increase in median age due to the reduction in fertility rate and the increase in life expectancy result in the growing aging population. These two demographic effects reflect the change in a country's population with a rising aging and a declining child population.