Automated Immunoassay Analyzers Market Analysis

Automated Immunoassay Analyzers Market Analysis

The chemiluminescence immunoassay analyzer segment of automated immunoassay analyzers market exceeded USD 5.3 billion in 2022. The largest share is attributed to increasing use owing to high accuracy and sensitivity of the diagnosis using low analyte concentration. These immunoassay analyzers improve the work competence by identification of more than hundreds of analytes per hour. The higher receptiveness and reliability of chemiluminescence immunoassay will drive customer preference for these products. Thus, the above-mentioned parameters are likely to boost the segmental progression.
 

Based on application, the infectious diseases segment dominated the automated immunoassay analyzers market in terms of revenue and was valued at USD 5.0 billion in 2022. Infectious diseases are caused by pathogenic microorganisms such as parasites, bacteria and viruses and are highly communicable. Intensifying adoption of advanced molecular techniques coupled with increasing government and non-profit organization’s intervention aiming to reduce the burden of infectious diseases especially in underdeveloped and developing regions will drive the industry growth.
 

The hospitals segment is anticipated to witness 14.7% CAGR through 2032. Rise in target population of people suffering from heart and lungs related disorders, increasing awareness level, facilitative reimbursement schemes and availability of better care facilities among others are prime factors responsible for increasing patient footfall in hospital settings. Additionally, presence of well-trained and equipped healthcare personnel, availability of better infrastructure and advanced equipment for improved diagnostic testing such as cardiac marker testing, along with supportive government schemes focusing on reducing the heart related disease burden will further fuel the segmental growth. Moreover, owing to afore-mentioned pointers, the market is observing robust growth.
 

North America automated immunoassay analyzers market and is expected to reach over USD 23.2 billion by 2032. Increasing prevalence of infectious diseases, different allergies, and cancer will contribute to the rising demand for automated immunoassay analyzers for accurate and early diagnosis across North America over the forecast period. Favorable demographic trends including presence of significant patient pool, rise in geriatric population, increasing awareness and average life expectancy will render significant positive impact.