Immunochemistry Diagnostic Devices Market 2024-2033 - Size, Growth & Competitive Landscape

The Business Research Company recently released a comprehensive report on the Global Immunochemistry Diagnostic Devices And Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The immunochemistry diagnostic devices and equipment market size has grown strongly in recent years. It will grow from $17.84 billion in 2023 to $19.26 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to disease identification, healthcare advancements, point-of-care testing, therapeutic monitoring.

The immunochemistry diagnostic devices and equipment market size is expected to see strong growth in the next few years. It will grow to $25.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to aging population, companion diagnostics, telemedicine and remote monitoring, biomarker discovery. Major trends in the forecast period include miniaturization and portability, multiplex testing, automated systems, biosensor integration.

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Market Drivers and Trends:

An increase in the incidence of target diseases is a major driver for the immunochemistry diagnostic devices and equipment market. The incidence rate of diseases such as viral infections, cardiovascular diseases, cancer, or hormonal disorders is increasing worldwide, mainly due to poor lifestyle choices. For example, according to the American Heart Association, cardiovascular disease is the leading global cause of death, accounting for over 17.6 million deaths per year. This number is expected to grow to over 23.6 million by 2030.

Companies in the immunochemistry diagnostic devices and equipment market are increasingly investing in automated immunoassay systems. This is mainly because automation has led to an increase in the capabilities of diagnostic devices in testing higher volumes of patient specimens. In addition, the development of various integrated clinical chemistry systems has immensely improved the efficiency of the analytical phase of clinical chemistry laboratory testing and led to further automation. For example, ichroma-50 is an automatic immunoassay analyzer of Boditech Med Inc. that measures the concentration of the targeted analyte in body fluids such as blood, urine, and other samples in a few minutes and reduces the labor cost and human error in the process.

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Major Key Players of the Market:

Abbott Diagnostics, Roche Diagnostics, Siemens Healthcare Diagnostics, Diamond Diagnostics Inc., Dynex Technologies Inc., Grifols S.A., Hycor Biomedical LLC, Immunodiagnostic Systems, Inova Diagnostics, LabCorp, Mindray Medical International Limited, Ortho Clinical Diagnostics, Quest Diagnostics, Randox Laboratories, Sysmex Corporation, ThermoFisher Scientific Inc., Tosoh Bioscience, Danaher Corporation, Johnson & Johnson, Boditech Med Inc., Beckman Coulter Inc., Bio-Rad Laboratories, bioMérieux Clinical Diagnostics, Carolina Liquid Chemistries Corporate, DiaSorin Inc., Agilent Technologies Inc., Merck KGAA, Eagle Biosciences Inc., Biocare Medical LLC, Elabscience Biotechnology Inc., Bio-Genex Laboratories Inc., Diagnostic Biosystem, Histo-Line Laboratories, Rockland Immunochemicals Inc., Abcam plc, Becton Dickinson & Company, Cell Signaling Technology Inc., ImmunoChemistry Technologies LLC, Genemed Biotechnologies Inc., Miltenyi Biotec GmbH, PerkinElmer Inc., Takara Bio. Inc, Immucor Inc., Quidel Corporation

Immunochemistry Diagnostic Devices And Equipment Market 2024 Key Insights:

• The immunochemistry diagnostic devices and equipment market size is expected to see strong growth in the next few years. It will grow to $25.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
• Rising Disease Incidence Rates Propel Immunochemistry Diagnostic Market Growth
• Investments In Automation Transforming Immunochemistry Diagnostic Devices Market
• North America was the largest region in the global immunochemistry diagnostic devices and equipment market in 2023

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