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 industry 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 the bioanalytical technique conducted to determine the concentration of macromolecule in a solution using an antibody or immunoglobulin. It is used to measure the number of analytes in serum and urine for medical and research purposes. It is also used in qualitative, quantitative, and radioactivity procedures to ensure test results accuracy. It uses the property of affinity of antigen-antibody to distinguish and measure molecules of interest in biological samples.
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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 majorly driven by the increasing need for disease diagnostics. In line with this, rising research and development activities and therapeutic drug monitoring are positively influencing the market. Furthermore, a considerable rise in clinical research practices, escalation in incidences, and the prevalence of infectious diseases are other growth-inducing factors. Moreover, the growing geriatric population, which is more prone to chronic and infectious diseases, is catalyzing the market. Besides this, the prevalence of chronic conditions, such as cancer, infections, cardiovascular diseases, autoimmune diseases, diabetes mellitus, and nephrological diseases, has led to the widespread usage of immunoassay techniques in disease diagnostics. Additionally, multiple market players are introducing automated laboratory systems and point-of-care compact, portable assay tests, thus providing a boost to the growth of the market.
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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.
- 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:
- Enzyme Immunoassay
- Rapid Test
Market Breakup by Product:
- Reagents and Kits
- Software and Services
Market Breakup by Application:
- Therapeutic Drug Monitoring
- Infectious Disease Testing
- Autoimmune Diseases
Market Breakup by End Use:
- Blood Banks
- Clinical Laboratories
- Pharmaceutical and Biotech Companies
- Academic Research Centers
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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