India Chemiluminescence Immunoassay Market Size & Outlook
India chemiluminescence immunoassay market, 2016-2028 (US$M)
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India chemiluminescence immunoassay market highlights
- The India chemiluminescence immunoassay market generated a revenue of USD 250.3 million in 2020 and is expected to reach USD 572.2 million by 2028.
- The India market is expected to grow at a CAGR of 10.9% from 2021 to 2028.
- In terms of segment, consumables was the largest revenue generating product & services in 2020.
- Consumables is the most lucrative product & services segment registering the fastest growth during the forecast period.
Chemiluminescence immunoassay market data book summary
| Market revenue in 2020 | USD 250.3 million |
| Market revenue in 2028 | USD 572.2 million |
| Growth rate | 10.9% (CAGR from 2020 to 2028) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Software & Services |
| Key market players worldwide | Diasorin SpA, Abbott Laboratories, Siemens Healthineers AG ADR, QuidelOrtho Corp, shenzhen mindray automation equipment co., Immunodiagnostic Systems, Beckman Coulter, Roche Holding AG ADR, Roche, Inova Diagnostics, Maccura |
Other key industry trends
- In terms of revenue, India accounted for 3.4% of the global chemiluminescence immunoassay market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan chemiluminescence immunoassay market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 766.3 million by 2028.
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Chemiluminescence Immunoassay Market Scope
Chemiluminescence Immunoassay Market Companies
| Name | Profile | # Employees | HQ | Website |
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India chemiluminescence immunoassay market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chemiluminescence immunoassay market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 66.2% in 2020. Horizon Databook has segmented the India chemiluminescence immunoassay market based on consumables, instruments, software & services covering the revenue growth of each sub-segment from 2016 to 2028.
In India, testing for infectious diseases has led to an increase in the demand for CLIA products. Rise in the prevalence of sexually transmitted diseases, ventilator-acquired pneumonia, tuberculosis, and hospital-acquired infections is one of the factors driving the market growth in India.
Presence of well-distributed network of clinical laboratories in India is leading to higher and faster adoption of CLIA solutions. Although testing is costlier in the country and affordable only to upper-tier economic group, rapid economic development of the nation has dramatically increased the purchasing capacity.
Moreover, high demand for better diagnosis and preventive medicine is expected to drive the market growth in India.
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Horizon Databook provides a detailed overview of country-level data and insights on the India chemiluminescence immunoassay market , including forecasts for subscribers. This country databook contains high-level insights into India chemiluminescence immunoassay market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India chemiluminescence immunoassay market size, by product & services, 2016-2028 (US$M)
India Chemiluminescence Immunoassay Market Outlook Share, 2020 & 2028 (US$M)
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