Global Automated Immunoassay Analyzers Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. An immunoassay analyzer is used to run automated biochemical tests to detect the presence & measure analyte concentration in the samples. Generally, immunoassay analyzers consist of an autosampler, a reagent dispenser, a washer, and a detection system. A number of tests are performed with the help of immunoassay analyzers such as allergy testing, diagnosing infectious diseases, therapeutic drug monitoring, and so on.
The factors that propel the growth of the Automated Immunoassay Analyzers Market include increasing demand, rapid urbanization & industrialization, technological innovations and wide range of applications. In addition, factors such as high incidence of chronic & infectious diseases, rising awareness among people and increasing geriatric population significantly fuel the market growth. On the other hand, there are also factors that may hamper the growth of the market such as high cost of instruments.
Automated Immunoassay Analyzers Market is classified on the basis of product type, configuration, applications, end user, distribution channel and geography. Automated Immunoassay Analyzers Industry is segmented by product type as chemiluminescence, ELISA, enzyme linked fluorescent system, immunofluorescence, multiplexed assay system, radioimmunoassay, and others.
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Automated Immunoassay Analyzers Market is categorized on configuration as bench top, floor standing, potable, modular, platform, compact and others. Automated Immunoassay Analyzers Industry is classified on applications as allergy testing, cardiology, endocrinology, infectious diseases, oncology, drug monitoring, and others. Automated Immunoassay Analyzers Industry is categorized on end user as clinical laboratories, hospitals and others.
Among end user, hospital segment is expected to hold a major share of the Automated Immunoassay Analyzers Market. Automated Immunoassay Analyzers Industry is segmented by distribution channel as online stores, specialty stores and others. Automated Immunoassay Analyzers Industry is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.
By geography, North America is projected to account a major share of the Automated Immunoassay Analyzers Market. The key factors that attribute to the growth of this region include adoption of innovative products, well-established healthcare infrastructure & facilities, and large patient pool.
Some of the key players that fuel the growth of the Automated Immunoassay Analyzers Industry include Abbott Laboratories, AeskuDiagnotics, Arlington Scientific, Becton Dickinson and Company, Biokit, BioMerieux, BioRad, Carolina Liquid Chemistries Corporation, Diasorin, Meril Life Sciences, Inova DX, Perkin Elmer, Roche Diagnostics, Luminex Corporation, Ortho Clinical Diagnostics, Randox Laboratories and Siemens Healthcare. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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