According to the latest report by IMARC Group, titled “Immunoassay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on immunoassay market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global immunoassay market size reached US$ 27.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.9 Billion by 2027, exhibiting a growth rate (CAGR) of 6.4% during 2022-2027.
Immunoassay is a technique that uses the specificity of an antigen-antibody reaction to detect and quantify target molecules in biological samples. This method is widely used in clinical diagnostics, drug discovery, drug monitoring, food testing, clinical pharmacokinetics, and bioequivalence studies. Immunoassay is highly adaptable and can be applied in numerous formats depending on end-user requirements.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Immunoassay Market Trends:
The global market is primarily driven by the rising prevalence of chronic and infectious diseases. In line with this, the growing awareness regarding the benefits of early disease diagnosis is positively influencing the market. Furthermore, the significance of companion diagnostics, along with the continual technological progress of immunoassay products and condition-specific biomarkers, are creating a positive outlook for the market. Besides this, the widespread adoption of chemiluminescence assays in clinical diagnostics, research applications, and pharmaceutical analysis due to the low costs per test is catalyzing the market growth. Moreover, several manufacturers are investing in developing novel advanced immunoassay solutions, which is creating a positive market outlook. Immunoassay (IA) is a biochemical technique used to measure the concentration or presence of macromolecules analytes in a solution through an antibody or an antigen. The immunoassay instruments help in detecting the concentration and presence of analytes in the blood, plasma and urine samples. It plays a crucial role in clinical diagnostics, pharmaceutical analysis, environmental monitoring, and security and finds application in research centers, hospitals, and laboratories.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Abbott
- Becton Dickinson and Company
- BioMérieux SA
- Danaher Corporation
- Merck KGaA
- PerkinElmer Inc
- Quidel Corporation
- Siemens Healthcare Pty Ltd (Siemens AG)
- Sysmex Corporation
- Thermo Fisher Scientific
Immunoassay Market Segmentation:
Our report has categorized the market based on region, technology, product, application and end use.
Market Breakup by Technology:
- Radioimmunoassay
- Enzyme Immunoassay
- Rapid Test
- Others
Market Breakup by Product:
- Reagents and Kits
- Analyzers/Instruments
- Software and Services
Market Breakup by Application:
- Therapeutic Drug Monitoring
- Oncology
- Cardiology
- Endocrinology
- Infectious Disease Testing
- Autoimmune Diseases
- Others
Market Breakup by End Use:
- Hospitals
- Blood Banks
- Clinical Laboratories
- Pharmaceutical and Biotech Companies
- Academic Research Centers
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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