Global Chemiluminescence Immunoassay (CLIA) Market to Grow Positively: Demand for Laboratory Automation and Rising COVID-19 Cases to Drive Market Growth, Says Fact.MR

The recent study by Fact.MR on global Chemiluminescence Immunoassays (CLIA) market offers a 5-year forecast between 2020 and 2025. The study analyzes crucial trends that are currently determining the growth of the global chemiluminescence immunoassays (CLIA) market.

Bottom-up approach is always used to obtain Chemiluminescence Immunoassay (CLIA) insightful data for the specific country/regions. The country specific data is again analyzed to derive data at a global level. Specific factors/parameters are considered related to the individual Chemiluminescence Immunoassay (CLIA) market and quantified with insightful rationale.

Increasing prevalence of diseases across the globe is generating huge demand for advanced healthcare system. As a result, more and more technologically advanced medical devices are being employed to aid medical Practitioners and professionals in medical setups. Sales of Chemiluminescence Immunoassay (CLIA) devices are soaring rapidly.

The Demand analysis of Chemiluminescence Immunoassay (CLIA) Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Chemiluminescence Immunoassay (CLIA) Market across the globe.

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Global Chemiluminescence Immunoassays (CLIA) Market Segmentation

Fact.MR has studied the global chemiluminescence immunoassays (CLIA) market with detailed segmentation on the basis of application, product, end-user and key regions.

Application

• Endocrine Disorders
• Oncology
• Infectious Diseases
• Hepatitis and Retrovirus
• Cardiovascular Disorders
• Allergy
• Autoimmunity
• Drug Discovery & Development
• Others

Product

• Analyzers:
• Fully-automated
• Semi-automated
• Reagents:Luminophore Markers
• Enzymatic Markers
• Consumables

End-User

• Hospitals
• Clinical Laboratories
• Pharmaceutical & Biological Industries
• Others

Key Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Technological Innovation in Medical Devices Revolutionizing the Healthcare System

The medical device industry is a heterogeneous, innovative and dynamic sector. From telemedicine to artificial intelligence, robotic surgery and 3D printing, technology is revolutionizing the healthcare industry.

The intersection of healthcare and technology has led to numerous advancements in medical devices. New age medical technology has transformed the way doctors and patients participate and interact with each other. Introduction of advanced medical devices such as drug-device combinations (DDCs), preventive and predictive equipment’s, self-care devices is completely transforming the medical world.

Increasing investments by public and government bodies inhealthcare sector is positively impacting the Chemiluminescence Immunoassay (CLIA) market. Governments across the globe are introducing various initiatives to strength the medical device sector with major emphasis on research and development (R&D).

Chemiluminescence Immunoassay (CLIA) manufacturing companies and healthcare service providers have started offering personalized patient care and access to complete end-to-end medical device products and services. They are focusing on developing and enhancing product prototyping and minimizing operation cost.

With the onset of COVID-19 pandemic the sales of Chemiluminescence Immunoassay (CLIA) witnessed a huge upsurge and the trend is likely to continue in the future.

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Key Takeaways of Global CLIA Market Study:

• Semi-automated analyzers are anticipated to expand healthily at a CAGR of 6.4% during the forecast period. An uptick in the number of market players offering integrated systems and prevalence of multiplexed analyzers are poised to drive the segment’s growth.
• However, the reagents segment is set to retain its dominance in the global CLIA market, owing to its affordability and shorter test duration. The segment is set to account for almost three-fourths of the global CLIA market.
• By application, the endocrine disorders segment promises impressive growth opportunities. Major factors responsible for its growth are continuous innovations in test offerings and wide production portfolios of key manufacturers. Projections indicate a market share of almost half and a CAGR of 6.9%.
• By end-use, clinical laboratories are forecast to register relatively high CAGR of 6.6%. This is attributed to rising penetration of private laboratories and growing preference of patients for clinical laboratories. Moreover, expanding base of clinical laboratories and increase in number of test procedures are likely to drive the clinical laboratories segment growth.
• Regionally, North America shall retain its hegemony over the CLIA market, owing to a burgeoning demand for faster and specific diagnosis to aid decision-making amongst end-users. Anticipated market share for the region amounts to nearly two-fifth of the global CLIA market.
• Asia-Pacific shows lucrative growth prospects. This is due to gradual adoption of novel products incorporating CLIA technologies, rising market competition amongst key players and greater accreditations to establish more laboratories. The region is anticipated to capture a quarter of the global CLIA market.
• Significant growth opportunities exist for the global CLIA market in the wake of the ongoing COVID-19 pandemic. Companies have bolstered their operations in order to find potential diagnosis and cure for the novel coronavirus disease. An example of this is the ongoing study on a peptide-based magnetic chemiluminescence enzyme immunoassay for serological diagnosis of the COVID-19 disease. This will be the second-only available diagnostic test after the RT-PCR test.
• Leading market players, such as Beckman Coulter and Roche AG, have invested heavily in designing several CLIA techniques. Beckman Coulter is testing the implication of indirect measles immunoglobulin (IgM) and Immunoglobulin G (IgG) serology assays on immune reaction towards the SARS-COV2-Virus. This is anticipated to assist them in finding potential growth inhibiting techniques to contain the COVID-19’s spread.

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After reading the Market insights of Chemiluminescence Immunoassay (CLIA) Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Chemiluminescence Immunoassay (CLIA) market revenue.
• Study the growth outlook of Chemiluminescence Immunoassay (CLIA) market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Chemiluminescence Immunoassay (CLIA) market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Chemiluminescence Immunoassay (CLIA) Market Players.

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How Fact.MR Assists in Making Strategic Moves For Chemiluminescence Immunoassay (CLIA) Market Manufacturer?

• The data provided in the Chemiluminescence Immunoassay (CLIA) market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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