Automated Immunoassay Analyzers Market to reach $25bn by 2024

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Automated Immunoassay Analyzers Market forecast to reach $25bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Insights, Inc. says Automated Immunoassay Analyzers Market size is set to exceed USD 25 billion by  Rising prevalence of infectious diseases and growing geriatric population has led to high diagnostic test volumes, aiding a trend shift towards lab automation.  Increasing consolidation in laboratories and hospitals in the wake of health care reform to curb healthcare expenses should stimulate the industry growth.  Adoption of innovative diagnostic technologies should lead to prolific growth in automated immunoassay analyzers market.  Stringent regulatory framework and need to operate under rising pricing pressures adversely impacts the profit margins for the laboratories inhibiting the business growth.  Chemiluminescence analyzers should witness robust growth owing to the sensitivity and accuracy of diagnosis using low analyte concentrations. Key Insights from Automated Immunoassay Analyzers Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Infectious diseases should witness a healthy growth to surpass USD 7 billion by Rising incidence of infectious diseases, growing elderly population and improved healthcare systems is set to drive segment growth.  U.S. automated immunoassay analyzers market accounted for more than 90% of regional industry revenue in  Favorable healthcare reforms for diagnostic care, adoption of innovative products and increasing consolidation of laboratories should boost demand for automated instruments used for high volume testing.  India should witness robust regional growth over forecast years owing to increasing government focus towards development of healthcare infrastructure by encouraging public private partnership to improve healthcare delivery into rural markets.  Furthermore, increasing number of pathology laboratories and rising number of private and public hospitals should fuel automated immunoassay analyzers market growth. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Some of the prominent industry players in the competitive market include Abbott Diagnostics, Biokit, Carolina Liquid Chemistries Corporation, Luminex Corporation, Ortho Clinical Diagnostics, Roche Diagnostics, and Siemens Healthcare.  The automated immunoassay analyzers market is dominated by few companies with a strong financial muscle, expanded geographical footprint, and extensive product portfolio.  New product launch or customizing existing product by adding broad assay of test menus is the major trend adopted by industry participants to hold their market position. Continued...

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