The global chemiluminescence immunoassay (CLIA) analyzers market is estimated to grow at a CAGR of 6.4% in the forecast period of 2020-2025 to reach USD 7.6 billion by 2025, with the reagents segment anticipated to capture almost three-fourth of the overall CLIA analyzers market and reach USD 5.7 billion by the end of 2025. The COVID-19 pandemic is anticipated to provide further impetus to the global CLIA analyzers market. Several market players and healthcare agencies are investing in developing COVID-19 diagnostic tests based on the CLIA technique.
These are the latest findings of Fact.MR (Rockville, MD, USA), a market research and competitive intelligence provider.
Infectious disease, autoimmune disease, cardiovascular disease, diabetes, obesity, and cancer are among the chronic disorders for which CLIA solutions are commonly used. They are also used for therapeutic medication monitoring by a number of pharmaceutical corporations and research institutes. Rising awareness of early identification of chronic diseases, and increased medication discovery and development activity by pharmaceutical companies are the key growth drivers of the global CLIA analyzers market. Additionally, rising demand for faster and specific diagnosis to support rapid decision-making is boosting the demand for multiplexed and automated CLIA analyzers. Moreover, the leading players in the CLIA analyzers market have invested heavily in designing several CLIA techniques. This is expected to help them find potential growth inhibiting techniques to contain the spread of COVID-19.
Semi-automated analyzers are anticipated to expand at a healthy CAGR of 6.4% during the forecast period, driven by an uptick in the number of market players offering integrated systems and the prevalence of multiplexed analyzers. By application, the endocrine disorders segment promises impressive growth, mainly due to continuous innovations in test offerings and wide production portfolios of key manufacturers. The endocrine disorders segment is projected to capture almost half the share of the global CLIA analyzers market and register a CAGR of 6.9% during the forecast period. By end-use, the clinical laboratories segment is projected to register a relatively higher CAGR of 6.6% due to rising penetration of private laboratories and growing preference among patients for clinical laboratories. Moreover, the expanding base of clinical laboratories and increase in number of test procedures are likely to drive the growth of the clinical laboratories segment.
Geographically, North America is expected to continue dominating the global CLIA analyzers market, owing to burgeoning demand for faster and specific diagnosis to aid decision-making among end-users. North America is expected to capture nearly two-fifth share of the global CLIA analyzers market and register a CAGR of 6.1% during the forecast period. The Asia-Pacific market for CLIA analyzers has lucrative growth prospects due to the gradual adoption of novel products incorporating CLIA technologies, intensifying market competition among the key players and greater accreditations to establish more laboratories. Asia-Pacific is anticipated to capture a quarter of the global CLIA analyzers market.