The global chemiluminescence immunoassay market size surpassed USD 6.7 billion in 2022 and is projected to rise to USD 13.74 billion by 2032, anticipated to grow at a CAGR of 7.5 percent during the projection period from 2023 to 2032.
Chemiluminescence immunoassay is an extensively used laboratory technique for detecting specific analytes. Chemiluminescence immunoassay refers to a combination of highly sensitive chemiluminescence techniques with highly specific immune responses for the detection and analysis of various antibodies, antigens, hormones, enzymes, fatty acids, hormones, proteins, and drugs. CLIA is a highly sensitive and biochemical technique that assists in detecting and monitoring chronic disorders. CLIAs are widely used in the areas of life science, environmental monitoring, food safety and clinical diagnosis.
The chemiluminescence immunoassay market is driven by several factors including technological advancements, increasing healthcare expenditure, rise in population, increasing advanced research and development activities, rising adoption of advanced technologies, increasing approval and launch of novel CLIA solutions, growing geriatric population, and rising incidence of Human Immunodeficiency Virus (HIV) disease. chemiluminescence immunoassay the technique is extensively used in the detection of chronic disorders such as cancer, cardiovascular diseases, autoimmune diseases, diabetes mellitus, neurological diseases, and others.
North America is expected to hold the largest market share owing to the sophisticated healthcare infrastructure, increasing investment in research & development activities, rise in healthcare investment, presence of prominent market players, rapid adoption of technologically advanced CLIA solutions, and the rising prevalence of chronic diseases.
As per the Centers for Disease Control and Prevention, 6 in 10 adults in the US have a chronic disease and 4 in 10 adults in the US have two or more chronic diseases. Therefore, increasing cases of chronic diseases in the country are projected to boost the demand for effective diagnostic methods, such as CLIA.
The United States is at the forefront of technological development. the country possesses advanced capabilities in introducing such novel solutions. Major players in the market are focused on developing and launching technologically advanced CLIA solutions. For instance, In February 2023, Epitope Diagnostics launched fully automated chemiluminescent immunoassay analyzers (ECL25 and ECL100) together with panel kits of routine and niche chemiluminescence immunoassay tests covering various clinical areas. Thus, this is expected to propel the market growth.
| Report Coverage | Details |
| Market Revenue in 2023 | USD 7.17 Billion |
| Projected Forecast Revenue by 2032 | USD 13.74 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 7.5% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Drivers
Rising prevalence of cancer
The rising prevalence of cancer across the globe has led to a rise in research activities for the rapid detection, diagnosis, and treatment of the disease. For instance, according to the European Commission’s estimates published in the European Cancer Information System (ECIS), New cancer cases rose by 2.3% in comparison with 2020, to reach 2.74 million in 2022. Therefore, with increasing cases of cancer, the demand for verified biomarkers that help in the early diagnosis of various types of cancers is anticipated to fuel the growth of the global chemiluminescence immunoassay market in the coming years.
Increasing healthcare investments
The rapid rise in healthcare investments is the leading driver across the globe for the market. The chemiluminescence immunoassay industry is witnessing significant advancements, revolutionizing diagnostics and research in various areas due to an increase in healthcare investment. Moreover, increasing healthcare investment is anticipated to fuel the market's growth in the United States.
For instance, according to the Commonwealth Fund report published in January 2023, the United States spends roughly 18% of GDP on health care. The healthcare spending brings more research opportunities for the chemiluminescence immunoassay industry while promoting its application in the healthcare industry.
Restraints
The high cost of CLIA systems
The chemiluminescence immunoassay market’s expansion is anticipated to be constrained by the high cost of CLIA systems. The high cost and high maintenance cost of chemiluminescence immunoassay analyzers may discourage some small-scale laboratories from adopting or investing in these technologies, limiting the market growth, which acts as a significant restraint for the market’s growth.
Lack of skilled professionals
The lack of availability of skilled professionals is projected to hamper the market's growth. It needs a good amount of experience to work in the clinical laboratory. In addition, stringent regulatory policies are likely to limit the expansion of the global Chemiluminescence Immunoassay market during the forecast period.
Opportunities
New product launches
The growing product launches are expected to offer a lucrative opportunity for the market in upcoming years. In July 2023, Fapon, a China-based company launched a latest chemiluminescence immunoassay system Shine i8000/9000. The Shine i8000/9000 chemiluminescence immunoassay analyzer is aimed at boosting testing performance and tackle the ongoing increasing needs of laboratories. The instruments are designed to offer efficient and intelligent solutions for medium to large-sized laboratories.
Technological advancements & collaboration
With robust technological advancements, chemiluminescence immunoassays provide enhanced sensitivity and multiplexing capabilities which enable faster as well as more accurate detection of chronic diseases such as cancer, neurological diseases, cardiovascular disease, and others. In addition, increasing collaborations among key market players is positively influencing the market’s expansion.
For instance, In February 2022, Sysmex Corporation partnered with KAINOS Laboratories with the aim of strengthening capabilities to develop and produce diagnostic reagents in the immunochemistry field. Such effective collaboration is expected to offer a lucrative opportunity for the market’s expansion during the forecast period.
Market Segmentation
By Product
By Application
By End-use
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