"Designing Growth Strategies is in our DNA"
Immunoassay is the bioanalytical technique that uses the property of affinity of antigen-antibody to distinguish and measure molecules of interest in biological samples. Immunoassays are rapid and precise tests that can be used in the laboratory to detect specific molecules. An increase in the research and development activities, upsurge in disease diagnostics, cancer markers, cardiac analysis, therapeutic drug monitoring, and clinical research practices are also expected to drive the market growth. An immunoassay can be used in hospitals and medical laboratories to run automated biochemical examinations to detect the occurrence and concentration of particular substances in the samples. The roles of immunoassays in various bioanalytical applications, such as medical diagnostics, ecological monitoring, biopharmaceutical analysis, and food testing are driving the growth of the market.
Factors such as escalation in incidences and the prevalence of infectious diseases are the major factors to drive market growth. According to the World Health Organization (WHO), more than 30 different diseases have appeared in the last two decades, and together these diseases pose a threat to the health of millions of people. Moreover, the WHO also estimated that 7% of hospitalized patients in developed countries and 10% of hospitalized patients in developing countries are expected to acquire at least one health-related infection. Thus, the growing volume of patients with infectious diseases is predicted to result in high demand for immunoassay instruments globally.
However, insufficient reimbursement policies are expected to obstruct the growth of the immunoassay market.
Key Market Driver -
Rise in the prevalence of infectious diseases and an increase in the disease diagnostics research are projected to boost the market
Key Market Restraint -
Lack of proper reimbursement policies is likely to hinder the market growth
The global immunoassay market can be segmented on the basis of products, technology, applications, end-users, and region. In terms of products, the market can be segmented into instruments and consumables. Based on the technology, the market can be segmented into radioimmunoassay, Enzyme-linked immunosorbent assays (ELISA), fluoroimmunoassay, chemiluminescence immunoassay, and others. Based on the applications, the market can be segmented into cardiology, oncology, autoimmune diseases, infectious diseases, therapeutics, and others. Based on the end-user, the market can be segmented into biotechnology & pharmaceutical industries, clinical diagnostic laboratories, academic & research institutes, and others.
Geographically, the immunoassay market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The major companies in the global immunoassay report include Abbott, bioMérieux SA, Ortho Clinical Diagnostics, Siemens Healthcare Private Limited, F. Hoffmann-La Roche Ltd, Sysmex Corporation, Merck KGaA, Agilent Technologies, Inc., DiaSorin S.p. A, Beckman Coulter Inc., and other prominent players.
Geographically, the global immunoassay market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is likely to hold the largest share of the market and is anticipated to follow the same thrust over the forecast period owing to the increasing demand for technologically advanced products. Moreover, rising R&D grants from the government as well as private health care agencies contributing to the advancement of technology supporting the growth of the market. However, the immunoassay market in the Asia Pacific is expected to grow at highest rate due to the increase in the prevalence of infectious diseases, increased biotechnological research activities, and an increase in the healthcare expenditure of the region. Latin America and the Middle East & Africa are expected to show moderate growth during the forecast period.
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry