Automated Immunoassay Analyzers Market - By Sales Model (Outright Sale and Reagent Rental/Lease), By Technology (Enzyme-Linked Fluorescent Immunoassay (ELFA), Chemiluminescence Immunoassay (CLIA), Radioimmunoassay (RIA), and Enzyme-Linked Immunosorbent Assay (ELISA)), By End-User (Diagnostic Laboratories, Hospitals, and Blood Bank), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

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.

02-Jul-2020 | Report Code: ZMR-3866 | Report Format : | Status : Published

Abstract

The 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. The report offers assessment and analysis of the Automated Immunoassay Analyzers market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By Sales Model, By Technology, By End-User, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Automated Immunoassay is a method that can be utilized for determining the existence of a specific substance in the human body. The substance can be in the form of either antigen, hormone, pathogen, enzyme, or antibody. Furthermore, immunoassay depends on the principle of antibody & antigen specificity. Apart from this, automated immunoassays are used extensively in clinical diagnostics, clinical chemistry, and for quality control in food & beverages, pharma, and biotech sectors.

Market Growth Dynamics

Rapidly surging old-age population prone to contagious ailment has resulted in conducting of large number of diagnostic tests. This has prompted the demand for automated immunoassay analyzers, thereby steering the market trends. In addition to this, preventive healthcare as well as lab automation and their integration are few of the aspects that will embellish the expansion of automated immunoassay analyzers industry over the forthcoming years.

Apparently, the escalating demand for global standardization and comparability of the outcomes will enhance the popularity of automated immunoassay analyzers in the years ahead. Additionally, the breakthroughs witnessed in the biotechnology and huge funding of research activities in the bio-chemistry, bio-medical, and pharma fields will augment the industry size during the forecast timeline. Moreover, rise in the occurrence of chronic ailments and pandemics like COVID-19 and improvement in healthcare amenities witnessed in developing nations will fuel the market elevation in the years to come.

North America To Contribute Remarkably Towards Overall Market Share By 2026

The regional market expansion during the forecast timeline is owing to humungous presence of major players in the sub-continent. Large-scale acceptance of innovative technologies in medicine across the countries like the U.S. and Canada will enhance the popularity of automated immunoassay analyzers in the region.

Key players influencing the market growth are Luminex Corporation, Biokit, Biomerieux, Siemens Healthcare, Abbott Diagnostics, and Roche Diagnostics.

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

Frequently Asked Questions

Escalating demand for global standardization and comparability of the outcomes will enhance the automated immunoassay analyzers market growth in the forthcoming years.

The CAGR of the industry is expected to be nearly 16.1% during the forecast timespan.

North American region will contribute sizably towards the global market revenue over the estimated timeline.

The key market participants include Biokit, Biomerieux, Siemens Healthcare, Luminex Corporation, Abbott Diagnostics, and Roche Diagnostics.


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