Scope of the Study
Immunoassay is a highly selective bioanalytical method that measures the presence or concentration of analytes ranging from small molecules to macromolecules in a solution through the use of an antibody or an antigen as a biorecognition agent. It helps to detect the antigens of viruses, bacteria, parasites, hormones and markers that are specific to a certain disease. It is useful in various bioanalytical settings such as clinical diagnostics, biopharmaceutical analysis, environmental monitoring, security and food testing. A substantial rise in the cases of infectious and chronic disease and the rise in the use of immunoassays in oncology are likely as the main factors that are projected to support the development of the market in the coming years. Moreover, the high development in biopharmaceutical and biotechnology industries is another factor that is predicted to create potential growth opportunities over the coming years.
The market study is being classified by Type (Reagents and Kits, Analyzers and Software and Services), by Application (Infectious Disease, Endocrinology, Oncology, Cardiology, Hematology and Blood Screening, Autoimmune Disorders and Others) and major geographies with country level break-up.
Bio-Rad Laboratories, Inc. (United States), Thermo Fisher Scientific Inc. (United States), Siemens Healthineers (Germany), Becton, Dickinson and Company (United States), Danaher Corporation (United States), bioMérieux Inc. (France), Abbott Laboratories (United States), F. Hoffmann-La Roche Ltd (Switzerland), Sysmex Corporation (Japan) and Abcam plc. (United Kingdom) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Immunoassay market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Immunoassay market by Type, Application and Region.
On the basis of geography, the market of Immunoassay has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Chemiluminescence Immunoassays will boost the Immunoassay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Enzyme-Linked Immunosorbent Assays will boost the Immunoassay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in the Biotechnology and Biopharmaceutical Industries
- Rising Incidence Rate of Chronic and Infectious Diseases
- Increasing Adoption of Immunoassay Based Testing
- Technological Advancements in Immunoassay Instruments
- Stringent Regulatory Requirements for Immunoassay Instrument Approval
- High Prices Of the Immunoassay Systems
- Growth Opportunities in the Emerging Countries
- Rising Geriatric Population
- Technical Difficulties during Testing
Market Leaders and their expansionary development strategies
On 15th December 2017, Siemens Healthineers acquired Luxembourg-based Fast Track Diagnostics (FTD), a global supplier of diagnostics tests. By introducing FTD products to its molecular diagnostics portfolio, Siemens Healthineers is further investing in precision medicine and better patient experience through solutions that eliminate the need for repeat diagnostic testing, reducing time and improving patient outcomes.
On 10th April 2019, Thermo Fisher Scientific, the world leader in serving science, launched Immunoassay for Kratom Alkaloid Mitragynine Screening. It’s the newest drugs of abuse test supporting calibrators and controls.
Key Target AudiencePharmaceutical and Biotechnology Companies, Hospitals, Clinical Laboratories, Blood Banks, Research and Academic Laboratories and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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