The Automated ESR Analyzer Market To Get Re-Energized By The Global

Posted by Merin John on May 17th, 2021

Artificial Intelligence is the future of the healthcare industry. This could be attributed to improvements in diagnostic precision as there would be automatic assistance regarding clinical operation, workforce, and quantitative imaging. The Automated ESR Analyzer Market report by Persistence Market Research emphasizes on the inflow of artificial intelligence therein and also the medications (pharmaceuticals) to be rendered. Precise diagnostics leads to precise rendition of drugs.

Growing prevalence of infectious diseases poses a massive burden on healthcare service resources. This is also leading to rising number of EST tests, fuelling demand for automated ESR analyzers. ESR tests are considered to be one of the oldest and most frequently used laboratory tests for identifying infectious diseases. These tests are used to measure the degree of inflammation present in the body. Inflammation is considered a part of the body's immune response, which can be acute and can grow rapidly after injury or infection.

On the flip side, the COVID-19 pandemic has negatively impacted growth of the global automated ESR analyzer market. Due to the outbreak, many companies are focusing on finding possible treatment options for COVID-9. Manufacturing industries are being shuttered around the world due to global restrictions, causing an unusual technology and business model transformation. But this is expected to be a temporary effect, and the market is expected to recover soon.

Persistence Market Research predicts that the global automated ESR analyzer market will exhibit a 5% CAGR over the forecast period (2021-2031).

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Key Takeaways from Automated ESR Analyzer Market Study 

•          By product, the instruments segment dominates the global automated ESR analyzer market in revenue terms at nearly 70% share, and is projected to continue to do so throughout the forecast period.
•          Portable automated ESR analyzers are most sought-after, and are expected to gain more than 72% of the global market share by 2031.
•          By analysis time, 15-30 min is expected to hold a major revenue share through 2031.
•          Under end user, hospitals and diagnostic laboratories are expected to collectively hold around 35% of market.
•          Asia Pacific countries such as China and India (7% and 7.7% CAGR, respectively) represent the most lucrative markets. The automated ESR analyzer market in matured economics is expected to record comparatively slower growth due to slowdown in economic growth.
•          The U.S. holds close to 90% share of the North American market, but Canada is projected to expand faster at around 6.4% CAGR.
•          The market in Germany is projected to expand at a CAGR of 6.2% through 2031.
•          As a result of the initial shocks due to the COVID-19 pandemic, the global automated ESR analyzer market grew 2.6% in 2020, but is expected to bounce back to 6% growth in 2021.

“Rising prevalence of infectious diseases along with rapid growth of the elderly population is expected to propel demand for automated ESR analyzers,” says a Persistence Market Research analyst.