Market Size –
The chemiluminescence immunoassay analyzers market size has grown strongly in recent years. It will grow from $5.31 billion in 2023 to $5.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to ethical considerations and regulatory frameworks, adoption of risk management strategies in healthcare settings, shift towards patient-centered care models, integration of multiple diagnostic functionalities, and increasing emphasis on early detection of diseases.
The chemiluminescence immunoassay analyzers market size is expected to see strong growth in the next few years. It will grow to $7.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to the demand for rapid and accurate results at the point of care, rise in healthcare spending globally, focus on personalized treatment approaches, demographic trends towards an aging population, and increased access to healthcare services globally. Major trends in the forecast period include sustainable analyzer technologies, incorporation of it and data management solutions, government initiatives aimed at improving healthcare infrastructure, focus on personalized treatment approaches, and continuous improvements in detection sensitivity and automation capabilities.
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Scope Of Chemiluminescence Immunoassay Analyzer 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.
Chemiluminescence Immunoassay Analyzer Market Overview
Market Drivers –
The rising prevalence of chronic diseases is expected to propel the growth of the chemiluminescence immunoassay analyzer market going forward. Chronic diseases are on the rise due to factors such as aging populations, unhealthy lifestyles, and improvements in medical care that allow people with acute conditions to survive longer, thus increasing the prevalence of long-term health issues. Chemiluminescence immunoassay analyzers are utilized in chronic disease management for precise and sensitive detection of biomarkers, aiding in accurate diagnosis and treatment monitoring. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, in the United States, it is projected that all four major cardiovascular risk factors will increase from 2025 to 2060. Diabetes is expected to see the largest percentage rise, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Diabetes is expected to see the largest percentage rise, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Therefore, the rising prevalence of chronic diseases is driving the growth of the chemiluminescence immunoassay analyzer market.
Market Trends –
Major companies operating in the chemiluminescence immunoassay analyzer market are developing advanced diagnostic technologies, such as automated analyzers, to help in decision-making or further analysis. An automated analyzer is a device or system that performs analytical processes automatically and is typically used in medical laboratories for efficient and accurate testing of samples. For instance, in July 2023, Fapon Biotech Inc., a China-based life sciences company, launched the Shine i8000/9000 chemiluminescence immunoassay system. The high-speed, fully automated analyzer operates at an ultra-high throughput of 900 tests per hour, empowering its partners to develop top-tier clinical diagnostic solutions. The system provides initial findings in only 10 minutes, offering swift insights crucial for time-sensitive situations. It operates at a rapid testing pace of 900 tests per hour and has a high throughput capacity of 377 tests per hour per square meter, efficiently managing large sample volumes while maintaining reliable accuracy. This makes it particularly suitable for medium- to large-scale laboratories.
The chemiluminescence immunoassay analyzer market covered in this report is segmented –
1) By Product: Fully Automated Chemiluminescence Immunoassay Analyzers, Semi-Automated Chemiluminescence Immunoassay Analyzers
2) By Technology: Sequential Injection, Random Access, Batch Analyzers
3) By Application: Oncology And Endocrinology, Hepatitis And Retroviruses, Cardiac Markers, Infectious Disease, Bone And Mineral Disorders, Auto-Immune Diseases, Allergy, Gastrointestinal (GI) Stool Testing, Drug Discovery And Development
4) By End User: Hospitals And Clinics, Medical And Diagnostic Laboratories, Pharmaceutical Companies
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Regional Insights –
North America was the largest region in the chemiluminescence immunoassay analyzers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemiluminescence immunoassay analyzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the chemiluminescence immunoassay analyzer market are F. Hoffmann-La Roche AG, Abbott Laboratories Inc., Siemens Healthineers AG, Wiener Lab Group, PerkinElmer Inc., BioMérieux SA, Beckman Coulter Life Sciences, Tosoh Bioscience LLC, Sysmex Corporation, Bio-Rad Laboratories Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., DiaSorin SpA, Euroimmun AG, Autobio Diagnostics Co. Ltd., Maccura Biotechnology Co. Ltd., Luminex Corporation, Fujirebio Holdings Inc., Randox Laboratories Ltd., Shenzhen Yhlo Biotech Co. Ltd., Addcare Bio-Tech Co. Ltd., Inova Diagnostics, Immunodiagnostic Systems Holdings (IDS), Dynex Technologies Inc., Nanjing Poclight Biotechnology Co. Ltd.
Table of Contents
1. Executive Summary
2. Chemiluminescence Immunoassay Analyzer Market Characteristics
3. Chemiluminescence Immunoassay Analyzer Market Trends And Strategies
4. Chemiluminescence Immunoassay Analyzer Market – Macro Economic Scenario
5. Global Chemiluminescence Immunoassay Analyzer Market Size and Growth
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31. Chemiluminescence Immunoassay Analyzer Market Other Major And Innovative Companies
32. Global Chemiluminescence Immunoassay Analyzer Market Competitive Benchmarking
33. Global Chemiluminescence Immunoassay Analyzer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chemiluminescence Immunoassay Analyzer Market
35. Chemiluminescence Immunoassay Analyzer Market Future Outlook and Potential Analysis
36.Appendix
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