Increasing prevalence of infectious and chronic diseases such as cancer, autoimmune disorders, growing geriatric population worldwide is driving the growth of automated immunoassay analyzers industry. Increasing demand for lab automation and popularity of these products, innovative solutions in the current product portfolio and large funding related to research and development activities aimed at solving problems and wide clinical applications will further increase the demand for automated immunoassay analyzers in the market in the coming years.
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Technological developments in the field of efficient laboratory equipment will further boost the global automated immunoassay analyzer market. Many pharmaceutical and biologics companies are using these detection systems for drug discovery and development.
However, shortage of skilled professionals, unavailability of healthcare providers in emerging and underdeveloped regions are expected to hamper the market. In addition, stringent regulatory conditions and high capital investment for upgrading conventional to advanced automated equipment will potentially hinder the growth of the industry. Furthermore, declining compensation for diagnostic laboratories in developed economies may negatively impact the market growth.
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According to a survey report by the Organization for Economic Co-operation and Development (OECD), the average per capita health expenditure in the US in 2018 was about $10,586. Thus, increasing healthcare expenditure will also contribute to the global immunoassay analyzer market.
Efforts to increase the accuracy of diagnostic results, increasing incidence of chronic diseases and rising healthcare costs are the factors that support the growth of the market.
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- This study presents the analytical depiction of the global automated immunoassay analyzers industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global automated immunoassay analyzers market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global automated immunoassay analyzers market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global automated immunoassay analyzers market analysis based on competitive intensity and how the competition will take shape in coming years.
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The key market players profiled in the report include Abbott, BioMerieux,, Aesku Diagnotics,, Arlington Scientific,, Roche Diagnostics,, Becton Dickinson and Company,, Carolina Liquid Chemistries Corporation,, Meril Life Sciences,, BioRad,, Perkin Elmer .
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