LONDON--(BUSINESS WIRE)--The global chemiluminescence analyzer (CLA) market is expected to grow at a CAGR of more than 6% during the forecast period, according to Technavio’s latest market research.
In this market research report, Technavio covers the market outlook and growth prospects of the global chemiluminescence analyzer market for 2017-2021. The market is further categorized into two product segments, comprising of bench-top and floor standing models, of which the bench top segment accounted for more than 51% of the market share in 2016.
“The vast applications of these analyzers, coupled with a growing demand across the globe due to the increased disease burden, will drive the market growth. CLAs are preferred over other methods of sample detection and analysis as they are highly sensitive and provide good yields in a short time,” says Krishna Venkataramani, a lead lab equipment research expert from Technavio.
Technavio’s research analysts segment the global chemiluminescence analyzer market into the following regions:
- EMEA
- APAC
- Americas
CLA market in EMEA
The growth of the market in EMEA can be attributed to the growing population in need for diagnostic procedures and country-specific programs creating awareness around the importance of precision medicine. Germany and Belgium have been the leading countries in contributing to the growth of the diagnostic sector in this region. While the sale of reagents and immunodiagnostics increased in Germany, in Belgium growth was mainly due to the launch of nationwide program ‘Oncology horizon scanning project’, which was initiated by the Vlerick Business School in co-operation with all medical, industry, and governmental stakeholders to improve patient access to precision medicine.
Similar growth has been seen in Turkey, with an approximate growth of 3%-3.2% y-o-y in the diagnostics market due to a surge in utilization of private healthcare service owing to increasing numbers of private hospitals providing healthcare services to patients reimbursed by public funding.
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CLA market in Americas
The growth in the CLA market in the Americas is supported by the shift in the healthcare model, from reactive healthcare to preventive healthcare, in leading countries such as the US. The shift in the healthcare model, in countries such as the US, was primarily due to the realization of the implications of incorrect diagnoses. There is also a shift toward personalized medicine as it simplifies treatment decisions for patients diagnosed with chronic diseases.
“CLAs are essential for development of fields such as personalized medicine, which will address multiple issues for various stakeholders in the diagnostics market. Similarly, application of CLAs in the early detection of various types of cancers and autoimmune disorders have led to better outcomes and in many cases early intervention has saved many lives,” says Krishna.
CLA market in APAC
In the APAC region, leading vendors in the overall market are increasing their financial investments in countries such as China and India, specifically targeting to improve their diagnostics business which in turn, is supporting the increased demand for CLAs in this market.
There is also a growing prevalence of various diseases such as cancer and diabetes in Asia. Countries from this region contribute to more than 60% of the world’s diabetic population. Vendors would be looking to address this issue by providing correct diagnosis using CLAs and ultimately providing correct treatment procedures.
The top vendors in the global chemiluminescence analyzer market as highlighted in this market research analysis are:
- Abbott Laboratories
- Beckman Coulter
- bioMérieux SA
- F. Hoffmann-La Roche
- Siemens Healthineers
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