A new research report has been recently published by Transparency Market research and is available for sale on the company website. The research report, titled "Immunoassay Instruments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", provides detailed analysis of the global immunoassay instruments market.According to the research study, in 2013, the global market for immunoassay instruments market was worth US$13.5 bn and is anticipated to reach US$23.3 bn by the end of 2020, exhibiting a progressive 8.10% CAGR between 2014 and 2020.
The growing prevalence of chronic diseases is the main factor driving the global immunoassay instruments market. In addition, the increasing rate of HIV infections, growing preference for personalized medicine, and technological advancements in immunoassay instruments are propelling the global market. However, the high costs linked with technical advancements is the restraining factor acting upon the global immunoassay instruments market.