TMR has pegged the global automated immunoassay analyzers market at
US$2.57 bn in 2016. Exhibiting a steady 4.5% CAGR between 2017 and
2025, the market is expected to reach US$3.78 bn by the end of 2025.
During the course of this forecast period, Asia Pacific is likely to
exhibit the highest CAGR of 4.9%. Among key end users, the market is
expected to witness rising demand from diagnostic laboratories across
the world.
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The accelerated pace of gains witnessed in the market is aided by
diverse factors. For instance, the rising incidence of chronic
ailments and disease epidemics such as hepatitis infection, Zica, and
HIV are among the chief factors fuelling the demand for automated
immunoassay analyzers. The market is also expected to gain from the
prevailing trend of preventive healthcare and laboratory
consolidation. These trends have stoked the demand for laboratory
automation and integration, in turn creating a landscape filled with
opportunities for the global automated immunoassay analyzers market.
With the demand for result comparability and international
standardization scaling high, the use of automated immunoassay
analyzers is likely to increase in the forthcoming years.
On the back of rising adoption of advanced technologies, the global
automated immunoassay analyzers market is expected to expand
considerably in the coming years. While in developed nations, the
market will remaining steady, growth is likely to pace up in emerging
nations. Besides rising disposable income of consumers, favorable
government initiatives and investment toward betterment of the
healthcare infrastructure, will help the automated immunoassay market
stay strong in emerging nations.
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On the downside, reeling under cost constraints, smaller diagnostic
laboratories will find it particularly difficult to adopt automated
immunoassay analyzers. Meanwhile in developed markets, the
laboratories may face challenges on account of the declining
reimbursements. Such factors are capable of restraining the market’s
growth to an extent. Besides these, stringent regulations and the
need for operating under escalating pricing pressures may adversely
impact the market’s trajectory and also hamper the business flow of
laboratories. Therefore, a majority of laboratories are focusing on
high volume testing in order to boost profitability per test. In
order to provide accurate diagnosis and perform specialized test,
many of these laboratories have adopted automated systems. Such
factors are likely to give the global automated immunoassay analyzers
market significant impetus in the coming years.
Only a handful of companies such as bioMerieux, Inc., Abbott
Laboratories, and Roche Diagnostics enjoy stronghold in the global
automated immunoassay analyzers market. The lead of the companies is
attributable to their expansive regional footprint and product
portfolio, finds Transparency Market Research (TMR) in a new study.
Furthermore, with a strong financial muscle, these companies are
looking toward brighter prospects in the near future. As these
companies gear to emerge at the fore, the global automated
immunoassay analyzers market may witness roll out of novel products.
Besides this, customization of existing products is on cards well.
Riding on these factors the global automated immunoassay analyzers
market is forecast to showcase robust expansion in the coming years.
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