Immunoassay Analyzers Market Business Operation Data Analysis by 2030

Latest Research Study on “Immunoassay Analyzers Market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2027”.

The Immunoassay Analyzers market revenue share is set to grow at a yearly rate of 15.11% during 2021-2027, while its valuation is Projected to jump from $ 21.7 billion in 2020 to $27.5 billion in 2027.

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Report Highlights

Increasing cross country migrations, and unhealthy sanitary habits are spurring the onset of infectious diseases. In addition, genetic mutations in viruses and bacteria resulting in drug resistance are escalating the incidences of infectious diseases across the world. As a result, demand for diagnosis of infectious diseases is constantly rising. In addition, initiatives taken by governments to limit the hospital acquired infections is fueling the demand for diagnosis of these diseases. Affordable Care Act is one such example of the government initiative impacting the spread of infectious diseases. High prevalence of infectious diseases coupled with government initiatives resulting in adoption of diagnostic measures led to the largest market share of the segment among other applications.

Prevalence and incidence of cancer cases are taking place globally, thus the application of immunoassay analyzers for early diagnosis and monitoring of cancer is significant. Hence, the oncology segment is expected to grow with CAGR over 11% from 2016 to 2024.

Enzyme-linked Immunoassay (ELISA) accounted for the second largest market share after consumables due to high sensitivity and wide application in a number of diagnostic tests. However, introduction of high throughput techniques and automation of screening processes is driving the demand for chemiluminescence assays. As a result, the segment is expected to grow at a significant growth rate from 2016 to 2024.

North America accounted for the maximum revenue share of 38.0% and was closely followed by Europe. The largest share of North America was mainly attributed to commercial availability of products with advanced technologies and the high adoption rate of these products. In addition, the presence of giant players in the country is resulting in revenue generation for the U.S.

Asia Pacific region is expected to witness the fastest growth at a CAGR of 7.0% from 2016 to 2024. Japan is one of the leading countries with strong technological developments and higher usage of immunoassay testing for various applications. In addition, China is contributing to this growth to a large extent.

Key Players

bioMerieux S.A.; Abbott Laboratories; Roche Diagnostics and Siemens Healthcare GmbH.

Market Segmentation

  • Product Outlook
    • Chemiluminescence immunoassay

    • Immunofluorescence analyzers

    • Radioimmunoassay

    • Enzyme-linked Immunoassay

    • Consumables & Accessories

  • Application Outlook 
    • Therapeutic drug monitoring

    • Oncology

    • Cardiology

    • Endocrinology

    • Infectious disease testing

    • Autoimmune disease

  • Regional Outlook 
    • North America

      • The U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa

      • South Africa

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Immunoassay Analyzers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Immunoassay Analyzers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Immunoassay Analyzers market.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Immunoassay Analyzers market. These factors have benefited the growth of the global market for Immunoassay Analyzers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Immunoassay Analyzers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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