With the emergence and long-term Impact of COVID-19, the Global ELISA Analyzers Market is to reach USD 759.43 million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global ELISA Analyzers Market is poised to raise up to USD 759.43 million by 2030. ELISA is a biological assay that uses antibodies and an enzyme-mediated color change to determine if an antigen (such as proteins, peptides, or hormones) or an antibody is present in a sample. The presence and concentration of analytes in the test sample are determined by an ELISA analyzer. The rising inclination towards automated and portable ELISA systems, expansion of biopharmaceutical and biotechnology industries, spurring demand for personalized medicine, coupled with the surging number of drug discovery programs by pharmaceutical and biopharmaceutical companies are the most prominent factors that are propelling the market demand across the globe. In addition, the increasing burden of chronic and infectious diseases is fueling the market expansion during the estimated period. The rising incidence of infectious diseases such as HIV/AIDS, hepatitis, and other viral infections have led to a growing demand for ELISA analyzers. According to HIV.gov, in 2021, it was estimated that nearly 38.4 million people globally are suffering from HIV, of which 1.7 million were children (<15 years old) and 36.7 million were adults. Also, in 2021, approximately 1.5 million individuals around the globe acquired HIV. These analyzers are widely used for the detection and diagnosis of infectious agents, contributing to market growth. Moreover, the technological advancements in diagnostic testing, as well as the rising adoption of automation in the healthcare industry presents various lucrative opportunities over the forecasting years. However, the lack of skilled professionals and stringent regulatory policies for product approval are hindering the market growth throughout the forecast period of 2023-2030.
Geographically, the global ELISA Analyzers Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 with largest market share owing to the favorable reimbursement scenario, high adoption of technologically advanced ELISA products, and rising incidences of chronic & infectious diseases. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The growing investments in research and development, geographical expansion of key players in the region, increasing population, and high adoption of the automated and portable ELISA systems are significantly propelling the market demand across the region.
The global ELISA Analyzers Market is highly competitive owing to the presence of several key manufacturers such as Thermo Fisher Scientific, Abcam plc, Bio-Rad Laboratories, Merck KGaA, F. Hoffmann-La Roche Ltd., Danaher Corporation, BioTech Corporation, and others.
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Global ELISA Analyzers Market Size Study & Forecast, by Type (Optical Filter ELISA Analyzers, Optical Grating ELISA Analyzers), By Mode (Automated ELISA Analyzers, Semi-Automated ELISA Analyzers), By Application (Immunology, Vaccine development, Drug Monitoring, Others), By End-user (Biotechnology Companies, Pharmaceutical Companies, Contract Research Organization, Diagnostic Laboratories), and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global ELISA Analyzers Market is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2023-2030.
- In the Application segment, immunology emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the high adoption of technologically advanced ELISA products.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
- Optical Filter ELISA Analyzers
- Optical Grating ELISA Analyzers
- Automated ELISA Analyzers
- Semi-Automated ELISA Analyzers
- Vaccine development
- Drug Monitoring
- Biotechnology Companies
- Pharmaceutical Companies
- Contract Research Organization
- Diagnostic Laboratories
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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