Automated Immunoassay Analyzers Market Leading Players and Investment Statistics: Abbott Laboratories, BioMerieux, Roche Diagnostics, Becton Dickinson and Company

Global Automated Immunoassay Analyzers Market size is set to exceed USD 25 billion by 2024; according to a new research study published by Global Market Insights, Inc.

Market Overview and Growth Factors:

Rising prevalence of infectious diseases and growing geriatric population has led to high diagnostic test volumes, aiding a trend shift towards lab automation. Technological innovation for development of effective lab equipment will drive global automated immunoassay analyzers market.

Increasing consolidation in laboratories and hospitals in the wake of health care reform to curb healthcare expenses should stimulate the industry growth. Rising number of centralized laboratories and large reference labs should escalate the demand for automated immunoassay analyzer systems.

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Adoption of innovative diagnostic technologies should lead to prolific growth in automated immunoassay analyzers market. New product launches with ability to perform more than one test at a time using software allows diagnostic laboratories to perform routine as well as specialized tests.

Prominent Players:

Some of the prominent industry players in the competitive market include Abbott Diagnostics, Biokit, Carolina Liquid Chemistries Corporation, Luminex Corporation, Ortho Clinical Diagnostics, Roche Diagnostics, and Siemens Healthcare.

The automated immunoassay analyzers market is dominated by few companies with a strong financial muscle, expanded geographical footprint, and extensive product portfolio. New product launch or customizing existing product by adding broad assay of test menus is the major trend adopted by industry participants to hold their market position.

Regional Analysis:

Infectious diseases should witness a healthy growth to surpass USD 7 billion by 2024. Rising incidence of infectious diseases, growing elderly population and improved healthcare systems is set to drive segment growth.

U.S. automated immunoassay analyzers market accounted for more than 90% of regional industry revenue in 2016. Favorable healthcare reforms for diagnostic care, adoption of innovative products and increasing consolidation of laboratories should boost demand for automated instruments used for high volume testing.

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India should witness robust regional growth over forecast years owing to increasing government focus towards development of healthcare infrastructure by encouraging public private partnership to improve healthcare delivery into rural markets. Furthermore, increasing number of pathology laboratories and rising number of private and public hospitals should fuel automated immunoassay analyzers market growth.

Chapter 3. Automated Immunoassay Analyzers Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 – 2024 (USD Million)

3.3 Industry ecosystem

3.3.1 Vendor matrix

3.4 Industry impact forces

3.4.1 Growth drivers

3.4.1.1 Incessant introduction of advanced products

3.4.1.2 Rising trend towards lab automation

3.4.1.3 Increasing prevalence of infectious diseases

3.4.1.4 Expanding clinical applications of immunoassay analyzers

3.4.2 Industry pitfalls & challenges

3.4.1.1 Dearth of qualified and trained professionals

3.5 Growth potential analysis

3.5.1 By Product

3.5.2 By Application

3.6 Regulatory landscape

3.6.1 U.S.

3.6.2 Europe

3.6.3 China

3.7 Competitive benchmarking, 2016

3.7.1 Strategy dashboard

3.8 Porter’s analysis

3.9 PESTEL analysis

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This release was published on openPR.