Key Drivers and Opportunities in the Immunochemistry Diagnostic Devices And Equipment Market: Insights into Trends and Growth
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What Long-Term Growth Rate is Expected for the Immunochemistry Diagnostic Devices And Equipment Market Between 2025 and 2034?
In recent years, the market size for immunochemistry diagnostic devices and equipment has experienced rapid expansion. It is expected to increase from $3.51 billion in 2024 to $4.01 billion in 2025, with a compound annual growth rate (CAGR) of 14.2%. Factors such as disease detection, improvements in healthcare, point-of-care testing, and therapeutic monitoring have contributed to this growth in the historical period.
In the near future, substantial growth is projected in the market size for immunochemistry diagnostic devices and equipment. By 2029, the market is expected to expand to $6.45 billion, growing at a compound annual growth rate (CAGR) of 12.7%. A variety of factors, such as an aging population, companion diagnostics, telemedicine and remote monitoring, as well as biomarker discovery, contribute to this growth during the forecast period. Trending aspects include the miniaturization and portability, multiplex testing, automation of systems, and the integration of biosensors.
What Drivers Are Shaping the Growth of the Immunochemistry Diagnostic Devices And Equipment Market?
The growth of the immunochemistry diagnostic devices and equipment market is largely fuelled by a rise in the prevalence of certain target diseases. Global rates of illnesses like viral infections, cardiovascular diseases, cancer, and hormonal disorders are increasing, largely due to unhealthy lifestyle habits. The American Heart Association, for instance, reports that cardiovascular disease is the primary cause of death worldwide, causing more than 17.6 million fatalities annually. This figure is anticipated to rise to over 23.6 million by the year 2030.
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What Are the Key Firms That Are Driving Transformation in the Immunochemistry Diagnostic Devices And Equipment Market?
Major companies operating in the immunochemistry diagnostic devices and equipment market include Abbott Diagnostics, Roche Diagnostics, Siemens Healthcare Diagnostics, Diamond Diagnostics Inc., Dynex Technologies Inc., Grifols S.A., Hycor Biomedical LLC, Immunodiagnostic Systems, Inova Diagnostics, LabCorp, Mindray Medical International Limited, Ortho Clinical Diagnostics, Quest Diagnostics, Randox Laboratories, Sysmex Corporation, ThermoFisher Scientific Inc., Tosoh Bioscience, Danaher Corporation, Johnson & Johnson, Boditech Med Inc., Beckman Coulter Inc., Bio-Rad Laboratories, bioMérieux Clinical Diagnostics, Carolina Liquid Chemistries Corporate, DiaSorin Inc., Agilent Technologies Inc., Merck KGAA, Eagle Biosciences Inc., Biocare Medical LLC, Elabscience Biotechnology Inc., Bio-Genex Laboratories Inc., Diagnostic Biosystem, Histo-Line Laboratories, Rockland Immunochemicals Inc., Abcam plc, Becton Dickinson & Company, Cell Signaling Technology Inc., ImmunoChemistry Technologies LLC, Genemed Biotechnologies Inc., Miltenyi Biotec GmbH, PerkinElmer Inc., Takara Bio. Inc, Immucor Inc., Quidel Corporation
Which Current Trends Are Having the Most Impact on the Immunochemistry Diagnostic Devices And Equipment Market?
An increasing number of organizations within the immunochemistry diagnostic apparatus and equipment industry are shifting their investments towards automated immunoassay systems. This trend is predominantly motivated by the enhanced abilities of diagnostic devices to assess larger quantities of patient samples due to automation. Moreover, the creation of several integrated clinical chemistry systems has significantly enhanced the efficacy of the analytic phase of clinical chemistry laboratory assessments, paving the way for more automation. For instance, ichroma-50, an automatic immunoassay analyzer from Boditech Med Inc., can determine the amount of the intended analyte in various body fluids like blood, urine, and other specimens within a short period of time, thereby reducing labor costs and minimizing the possibility of human errors.
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What Are the Key Components of the Immunochemistry Diagnostic Devices And Equipment Market, and How Do Its Segments Perform?
The immunochemistry diagnostic devices and equipment market covered in this report is segmented –
1) By Product Type: Immunochemistry Analyzers, Immunochemistry Stainers, Incubators, Microscopes, Centrifuges, Autoclaves, Consumables
2) By Consumables: Antibodies, Antigens, Enzymes, Reagents, Stains, Buffers, Disposables, Other Consumables
3) By Application: Endocrinology, Oncology, Cardiology, Therapeutic Drug Development And Monitoring, Infectious Disease Testing, Drugs Of Abuse Testing, Other Applications
4) By End Users: Hospitals And Clinics, Diagnostic Laboratories, Research Labs And Institutes, Biopharmaceutical And Biotechnology Companies, Other End Users
Subsegments:
1) By Immunochemistry Analyzers: Chemiluminescence Immunoassay (CLIA) Analyzers, Enzyme-Linked Immunosorbent Assay (ELISA) Analyzers, Radioimmunoassay (RIA) Analyzers, Fluorescence Immunoassay (FIA) Analyzers
2) By Immunochemistry Stainers: Automated Stainers, Manual Stainers
3) By Incubators: CO2 Incubators, Shaking Incubators, Heated Incubators
4) By Microscopes: Light Microscopes, Fluorescence Microscopes, Electron Microscopes
5) By Centrifuges: Microcentrifuges, Refrigerated Centrifuges, Ultracentrifuges
6) By Autoclaves: Tabletop Autoclaves, Vertical Autoclaves, Horizontal Autoclaves
7) By Consumables: Reagents and Kits, Test Plates, Filters and Membranes, Microplates and Accessories
What Regions Are Driving Expansion in the Immunochemistry Diagnostic Devices And Equipment Market?
North America was the largest region in the global immunochemistry diagnostic devices and equipment market in 2023. Asia-Pacific was the second-largest region in the immunochemistry diagnostic devices and equipment market. The regions covered in the immunochemistry diagnostic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Key Parameters Define the Immunochemistry Diagnostic Devices And Equipment Market’s Scope?
Immunochemistry diagnostic devices and equipment refer to medical tools used to detect and measure specific proteins, hormones, or other substances in the body by leveraging immune reactions. These devices are used for diagnosing diseases, monitoring treatment, and assessing health conditions through tests like hormone assays, cancer markers, and infectious disease detection. Immunochemistry equipment is crucial in laboratories and healthcare settings for accurate and efficient diagnostic testing.
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