Immunochemistry Analyzer Market Size to Reach US$ 72.69 Bn by 2032. | New Opportunities Planning by Future Market

Immunochemistry Analyzer Market Overview (2022-2032)

[250 Pages Report] The immunochemistry analyzer market size is expected to register a CAGR of 16% during the forecast period, up from US$ 14.2 Bn in 2021, to reach a valuation of US$ 72.69 Bn by 2032.

The Immunochemistry analyzer market is anticipated to show promising growth prospects during the forecasted period due to increased demand for immunochemistry analyzers to diagnose and identify microorganism-based illnesses.

Sales of immunochemistry analyzers are expected to grow due to the rising demand for immunochemistry analyzers to diagnose and detect microorganism-based illnesses and disorders, together with the increasing requirement for managing and suppressing the incidence of major diseases.

This is driving the expansion of the immunochemistry analyzers market.

Immunochemistry analyzers automatically run tests on samples from patients to detect any number of biologically active substances. Another factor driving the demand for immunochemistry analyzer is its usage in infectious disease testing, cancer, cardiac, and autoimmune diseases.

Some of the critical immunochemistry analyzer market trends promoting the demand for immunochemistry analyzers include the rise in demand for improved diagnostic equipment, as well as the rise in automation and integration trends, has resulted in the creation of novel products, which are likely to provide substantial growth opportunities for the immunochemistry analyzers market from 2022 to 2032.

What are the Growth Propellers to the Immunochemistry Analyzer Market Share?

The increased demand for immunochemistry analyzers to diagnose and identify microorganism-based illnesses is one of the significant reasons likely to drive the growth and demand for immunochemistry analyzers.

Furthermore, the rapid rise in the need for controlling and suppressing the occurrence of significant diseases, as well as the rising demand for immunochemistry analyzers the incidence of chronic disease conditions such as cancer and autoimmune disorders, are expected to drive growth in the global immunochemistry analyzers market from 2022 to 2032.

Similarly, the growing elderly population, quick changes in lifestyle, and increased smoking and drinking habits are expected to drive the immunochemistry analyzer market expansion.

Additionally, the increased demand for automated and portable immunochemistry systems is projected to function as a driver for the immunochemistry analyzer market.

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Which Region holds the Highest Growth Potential in the Immunochemistry Analyzer Market?

North America had the highest revenue share of 38% in the immunochemistry analyzers market, followed by Europe.

The most significant immunochemistry analyzer market share of North America was primarily ascribed to the commercial availability of sophisticated technology items and the high adoption rate of these products. Furthermore, significant players in the country generate revenue for the United States.

From 2022 to 2032, the Asia Pacific region immunochemistry analyzers market is predicted to develop quickly, with a CAGR of 7.0%. Japan is one of the leading countries in terms of technological advancements and the increased use of immunochemistry analyzers for various applications. Furthermore, China is a significant contributor to this immunochemistry analyzers market expansion.

The region’s thriving medical tourism business is likely to stimulate demand for immunochemistry analyzers in countries such as Japan, China, Malaysia, Thailand, and India. The availability of trained labor at a low cost and modern manufacturing infrastructure is causing major pharmaceutical companies to relocate their manufacturing operations to the Asia Pacific area.

As a result, the constantly expanding number of industrial facilities in the area is fueling the growth of the Asia Pacific immunochemistry analyzers market.

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How is the Competitive Landscape in the Immunochemistry Analyzer Market?

The immunochemistry analyzer market is entirely fragmented with leading brands, such as Siemens, Abbott Diagnostics, Beckman Coulter, Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc. and F. Hoffmann-La Roche Ltd.

Thermo Fisher Scientific Inc. bought Mesa Biotech, a private point-of-care molecular diagnostic startup, in February 2021.

Abbott got the CE Mark for their Panbio COVID-19 Ag Rapid Test Device for the asymptomatic detection of the SARS-CoV-2 virus in January 2021. It also has self-swabbing capabilities.

Beckman Coulter, a Danaher (US) business, will offer the first high-quality and throughput test for COVID-19 antigen diagnosis, named Access SARS-CoV-2 Antigen assay, in the US in December 2020.

Thermo Fisher Scientific will introduce its EliA SARS-CoV-2-Sp1 IgG test and OmniPATH COVID-19 Total Antibody ELISA test for the detection of COVID-19 antibodies in October 2020.

Scope of the Report
Details

Growth rate

CAGR of 16% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD Million, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Product, application, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

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Key companies profiled

Siemens, Abbott Diagnostics, Beckman Coulter, Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc. and F. Hoffmann-La Roche Ltd.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Key Segments

By Product Type:

• Chemiluminescence Immunoassay
• Immunofluorescence Analyzers
• Radioimmunoassay
• Enzyme-Linked Immunoassay
• Consumables and Accessories

By Application:

• Therapeutic Drug Monitoring
• Oncology
• Cardiology
• Allergy Testing
• AIDS
• Endocrinology
• Infectious Disease Testing
• Autoimmune Disease
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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