Market Overview
As more industries seek to detect biomarkers, chemiluminescence immunoassays have gained a great deal of attention. As the name suggests, chemiluminescence is the emission of light from chemical probes. This technique is used to determine the levels of certain molecules and compounds in the blood. The enzyme label in the sample reacts with the detector antibody to produce a luminous signal. Chemiluminescence immunoassays are highly sensitive, and their sensitivity is superior to that of a colorimetric assay. They use luminometers that enable them to detect the desired analytes at physiologically relevant levels. These chemiluminescent ELISAs also reduce the possibility of false negatives by minimizing non-detects.
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Market Dynamics
Growing prevalence of chronic and acute diseases is expected to propel the global chemiluminescence immunoassay market growth over the forecast period. According to the World Health Organization (WHO), in 2018, around 9.6 million died due to cancer with over 300,000 new cases of cancer being diagnosed each year among children aged 0-19 years across the globe. According to the World Health Organization (WHO), around 17.9 million people die each year from cardiovascular disease worldwide. Chemiluminescence immunoassay is a biochemical technique used in immunology and thus, it can be a diagnostic tool in medicine.
However, a lack of awareness regarding healthcare IT in emerging economies is expected to restrain growth of the global chemiluminescence immunoassay market during the forecast period.
Impact of COVID-19
The outbreak of the COVID-19 pandemic has significantly impacted the global chemiluminescence immunoassay market. Since the outbreak in December 2019, many countries decided to close down their borders and suspend international travels temporarily, in an attempt to curb the virus. The manufacturing activities across various industries witnessed a significant decline during the pandemic, rendering slow economic growth globally.
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Key Takeaways
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The global chemiluminescence immunoassay market is expanding rapidly, exhibiting a CAGR of 8.0 % over the forecast period. This is owing to changing lifestyle and eating habits among individuals worldwide.
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Among regions, North America is expected to witness significant growth in the global chemiluminescence immunoassay market during the forecast period. This is owing to growing prevalence of cancer and heart diseases in the region. According to the National Cancer Institutes (NCI), in 2020, over 1.8 million new cases of cancer and over 606,000 deaths were reported in the U.S.
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Asia Pacific is expected to register robust growth, owing to rising awareness pertaining to chronic diseases in emerging economies such as India and China.
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Key companies involved in the global chemiluminescence immunoassay market are DiaSorin S.p.A., Abbott Laboratories, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Immunodiagnostic Systems, Siemens Healthineers, Beckman Coulter Inc., F. Hoffmann-La Roche AG, Inova Diagnostics, Inc., Maccura Biotechnology Co., Ltd., and Ortho Clinical Diagnostics.
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Table of Content
Global Chemiluminescence Immunoassay Market Research Report
Section 1: Global Chemiluminescence Immunoassay Industry Overview
Section 2: Global Economic Impact on Chemiluminescence Immunoassay Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Chemiluminescence Immunoassay Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Chemiluminescence Immunoassay Market Forecast
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