The automated immunoassay analyzers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automated Immunoassay Analyzers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automated immunoassay analyzer market size has grown rapidly in recent years. It will grow from $17.69 billion in 2023 to $20.20 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to rising demand for accurate and rapid diagnostic tests, increasing prevalence of chronic diseases such as diabetes and cancer, necessitating frequent monitoring, growing advancements in immunoassay technologies, enhancing the efficiency and precision of testing, expanding healthcare infrastructure in emerging economies, improving access to diagnostic tools and increasing investments in research and development by major healthcare companies to innovate and improve diagnostic solutions.
The automated immunoassay analyzer market size is expected to see rapid growth in the next few years. It will grow to $34.92 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to advancements in automation technologies driving the adoption of more efficient and accurate analyzers, rising prevalence of infectious diseases, growing emphasis on personalized medicine necessitating more sophisticated immunoassay solutions, expanding global healthcare expenditure enhancing the affordability and accessibility of advanced diagnostic tools and technological integration with digital health solutions improving the functionality and data management of analyzers. Major trends in the forecast period include increased adoption of multiplex immunoassays enabling simultaneous detection of multiple analytes, growth in point-of-care testing (POCT) technologies facilitating on-site and rapid diagnostic capabilities, emergence of ai and machine learning applications to enhance accuracy and predictive analytics in immunoassays, rising use of advanced bioinformatics tools for data analysis and interpretation in immunoassay testing and growing market presence of portable and user-friendly analyzers catering to diverse healthcare settings and applications.
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Scope Of Automated Immunoassay Analyzers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automated Immunoassay Analyzers Market Overview
Market Drivers –
The increasing number of hospitals is expected to propel the growth of the automated immunoassay analyzer market going forward. The number of hospitals is rising due to increasing healthcare demands from a growing and aging population. Automated immunoassay analyzers enhance efficiency and accuracy in hospitals by rapidly processing large volumes of diagnostic tests for various diseases and conditions. For instance, in May 2023, according to the American Health Care Association, a US-based nonprofit organization, the number of hospitals in the US increased to 6,129 from 6,093 in 2022, showing an increase of 0.59%. Therefore, the increasing number of hospitals is driving the growth of the automated immunoassay analyzer market.
Market Trends –
Major companies operating in the automated immunoassay analyzers market are focusing on developing innovative products, such as compact immunoassay analyzers, to gain a competitive advantage. Compact immunoassay analyzers are smaller, portable devices designed for conducting immunoassay tests that detect specific biomarkers in biological samples. They offer convenience and efficiency in various healthcare settings, particularly where space and mobility are limited. For instance, in July 2023, Siemens Healthineers, a Germany-based healthcare company, launched the Atellica CI Analyzer, a compact laboratory testing system aimed at improving efficiency in both immunoassay and clinical chemistry testing. By combining these two testing methods into a single platform, the Atellica CI Analyzer meets the growing demand for versatile systems capable of conducting various tests efficiently. The features of this product align well with current market trends, effectively addressing the challenges laboratories face in delivering timely and accurate diagnostic results. Random access sampling, micro-volume aspiration, and automated maintenance and quality control scheduling assist laboratories in achieving more consistent and predictable sample processing times.
The automated immunoassay analyzers market covered in this report is segmented –
1) By Product: Immunofluorescence, Chemiluminescence, Enzyme Linked Fluorescent System (ELISA), Multiplexed Assay System, Radioimmunoassay
2) By Application: Infectious Diseases, Endocrinology, Drug Monitoring, Cardiology, Oncology, Allergy Testing, Other Applications
3) By End-User: Hospitals, Diagnostic Laboratories, Research And Academic Laboratories, Pharmaceutical And Biotechnology Companies, Other End-Users
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Regional Insights –
North America was the largest region in the automated immunoassay analyzer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated immunoassay analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automated immunoassay analyzers market are Roche Diagnostics AG, Abbott Laboratories, Danaher Corporation, Siemens Healthineers, Becton Dickinson and Company, Medline Industries LP, Tosoh Corporation, Agilent Technologies Inc, bioMérieux SA, QuidelOrtho Corporation, Sysmex Corporation, Bio-Rad Laboratories Inc, Qiagen NV, Werfen Group SA, DiaSorin SpA, Bio-Techne Corporation, Meril Life Sciences Private Limited, Randox Laboratories Ltd, Getein Biotech Inc, Aesku Diagnostics GmbH & Co KG, Carolina Liquid Chemistries Corporation, Arlington Scientific Inc, Chengdu Seamaty Technology Co Ltd, Hipro Biotechnology Co Ltd
Table of Contents
1. Executive Summary
2. Automated Immunoassay Analyzers Market Report Structure
3. Automated Immunoassay Analyzers Market Trends And Strategies
4. Automated Immunoassay Analyzers Market – Macro Economic Scenario
5. Global Automated Immunoassay Analyzers Market Size and Growth
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32. Global Automated Immunoassay Analyzers Market Competitive Benchmarking
33. Global Automated Immunoassay Analyzers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Immunoassay Analyzers Market
35. Automated Immunoassay Analyzers Market Future Outlook and Potential Analysis
36. Appendix
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