Global Automated Immunoassay Analyzers Market, which accrued earnings worth 11.02 (USD Billion) in 2019, is projected to record the CAGR of more than 16.1% over the period from 2020 to 2026.
New York, United States - October 29, 2020 /MarketersMedia/ —
As per the Zion Market Research analysts, the global automated immunoassay analyzers market was capitalized at more than USD 11.02 billion in 2019 and is projected to expand at a CAGR of over 16.1% during the forecast period. A few of the prominent players in the global automated immunoassay analyzers market consist of Biokit, Siemens Healthcare, Abbott Diagnostics, Luminex Corporation, Biomerieux, and Roche Diagnostics. The key approaches implemented by the market participants comprise introducing technologically sophisticated and pioneering products. Also, they emphasize the expansion of product range to fulfill the needs of diverse lab settings taking into consideration the assay menu, budget, test volumes, and automation level to remain at the forefront of the competition.
Rising Disease Epidemics Is Likely To Propel The Demand For Automated Immunoassay Analyzers
The expansion of the global automated immunoassay analyzers market is mainly propelled by the rising occurrence of disease outbreaks like Zika and the rising incidence of chronic diseases like hepatitis. Furthermore, the trends of laboratory automation & integration along with preventive healthcare are other few factors that are generating avenues for the expansion of the global automated immunoassay analyzers market. In addition, the increasing need for international standardization and result comparability is also anticipated to result in the rapid adoption of automated immunoassay analyzers. Also, the rapid implementation of sophisticated technologies is projected to play a vital role in the immunoassay analyzers market expansion during the coming years. Conversely, cost restraints, particularly among smaller diagnostic laboratories is restricting the implementation of automated immunoassay analyzers. In the meantime, diagnostic labs in developed markets might confront challenges owing to declining reimbursements.
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Chemiluminescence Immunoassay Analyzers Segment To Witness Substantial Growth
In 2018, the biggest share in the market was held by the chemiluminescence immunoassay analyzers segment. This expansion can be credited to the rising usage as a result of its high accuracy and sensitivity of analyte detection leading to a precise diagnosis. The greater veracity and receptiveness of chemiluminescence immunoassay drives the expansion of the automated immunoassay analyzers market.
North America Expected To Maintain Its Dominance In The Global Market During Forecast Period
In 2018, the global automated immunoassay analyzers market was dominated by North America, particularly the U.S. and is expected to maintain its supremacy over the forecast period. The laboratory automation has considerably decreased the time and cost needed for lab operations because of that automated devices within labs are progressively preferred more in the US. Further, the rising implementation for lab automation technologies is anticipated to drive the market growth in the years to come. Further, China automated immunoassay analyzers market is projected to observe noteworthy expansion at around 18.5% CAGR during the forecast period. Suitable government programs like the adoption of the national project in 2008, targeted at enhancing the control and prevention of infectious diseases are expected to propel China automated immunoassay analyzers market.
The global automated immunoassay analyzers market is segmented as follows:
By Technology
Chemiluminescence Immunoassay (CLIA)
Enzyme-Linked Fluorescent Immunoassay (ELFA)
Enzyme-linked Immunosorbent Assay (ELISA)
Radioimmunoassay (RIA)
Others (Biochip Assay, Immunofluorescent Assay, and Counting Assay)
By Sales Model
Reagent Rental / Lease
Outright Sale
By End-User
Hospitals
Diagnostic Laboratories
Blood Banks
Others (Research Institutes, Pharmaceutical & Biotechnology Industry, Food & Beverages Industry)
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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