Automated Immunoassay Analyzers Market | 2018 Key Players | Abbott Diagnostics, Biokit, Biomerieux, Luminex Corporation, Roche Diagnostics, and Siemens Healthcare

Automated Immunoassay Analyzers Market is set to exceed USD 25 billion by 2024; according to a new research reports.
Rising dominance of contagious diseases, which require early diagnosis and treatment, plays a pivotal role in the growth of this industry. Rapid growth is foreseen in automated immunoassay analyzers industry due to the constant advancements in technologies which lead to new laboratory instruments and analyzers.

Developing alliance between the hospitals and laboratories to control the healthcare spending and Increasing drift towards the automation and centralization of laboratories will propel the business expansion. Automated immunoassay analyzers market growth may be hindered by the dearth of skilled professionals, high cost of instruments and deprived reimbursement policies in the developing countries. Also, stringent regulatory structure can obstruct the industry growth over the forecast years.

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ELISA market is expected to grow at a lucrative rate due to intensifying usage of immunoassay tests in cancer diagnostics, the point of care in-vitro diagnostics, transmissible disease testing. Application in oncology was dominating the industry in 2016 with subject to high occurrence of oncology and increase in adoption of automated tools and techniques for diagnosis.

North America automated immunoassay analyzers market is leading the industry owing to the presence of many patients suffering from chronic ailments such as cancer and tuberculosis and increasing demand for technologically advanced diagnostic tools.

Asia Pacific automated immunoassay analyzers market is foreseen to grow at a higher pace due to the growing aged population in the region. The prevalence of contagious diseases such as cholera, tuberculosis, typhoid, and various other long-lasting diseases such as cancer will promote the usage. Moreover, the improvement of healthcare infrastructure in Asia Pacific region will help in boosting the expansion of this industry.

The growth of automated immunoassay analyzers market is attributed to the introduction of new and technologically advanced products such as compact and convenient ichroma II by Boditech Med Inc. This will stimulate the growth of the industry.

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The major players in this industry are Abbott Laboratories, Roche Diagnostics, BioMerieux, Biokit, Becton Dickinson and Company, Carolina Liquid Chemistries, Inova DX, Luminex, Ortho clinical diagnostics, Meril Lifesciences, Randox Laboratories, Biorad, Siemens Healthcare, Arilington Scientific, and Aesku Diagnostics. The strategies adopted by these major players are the expansion of existing product portfolio with new technologically advanced products. Also, customization of existing products with the addition of test assays to strong foothold their position in the market.

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This release was published on openPR.