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Global Immunoassay Systems Market 2012-2016

Global immunoassay systems market: 4% CAGR between 2012-2016

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2014-02-18 05:07:01 - Global Immunoassay Systems Market 2012-2016 - a new market research report on

The Global Immunoassay Systems market is to grow at a CAGR of 3.92 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased prevalence of chronic diseases worldwide. The Global Immunoassay Systems market has also been witnessing a growing popularity of portable immunoassays. However, limited reimbursements could pose a challenge to the growth of this market.

The Global Immunoassay Systems market has been witnessing a spate of mergers and acquisitions by leading vendors. These mergers and acquisitions have helped vendors increase their global presence, prevent the loss of patents, and achieve economies of scale. For instance, Danaher Corp. acquired Beckman Coulter Inc. in 2011. It also acquired IRIS International Inc., a manufacturer of



automated IVD systems in November 2012. These mergers and acquisitions will strengthen its position in the Global Immunoassay Systems market. Further, merger and acquisition activities by the leading vendors will enable them to develop a variety of offerings for the Global Immunoassay Systems market, which will boost their revenue during the forecast period.

One of the major drivers is the increasing prevalence of chronic diseases. With the increase in the elderly population and an unhealthy lifestyle, there is a growing demand for molecular diagnostics tests.

One of the major challenges is the intense competition among vendors, which leads to severe pricing pressure.

The key vendors dominating this market space include Abbott Laboratories, Danaher Corp., Roche Holding Ltd., and Siemens Healthcare Diagnostics Inc. The other vendors mentioned in the report are BioMerieux SA, BiOptic Inc., Bio-Rad Laboratories Inc., Fujirebio Inc., Johnson and Johnson, PerkinElmer Inc., and Trinity Biotech plc.

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