Immunoassay Market Size, Analysis, Trends, and Regional Forecast by 2030
The Global Immunoassay Market research study published by Emergen Research is an extensive collection of insightful information about the Immunoassay industry. The report covers the Immunoassay Market segmentation along with a detailed outline of the Immunoassay market size with regards to volume and valuation. The report provides comprehensive coverage of the Immunoassay market scenario for the current period and forecast timeline of 2020-2027. The Immunoassay market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The global immunoassay market size reached USD 39.72 Billion in 2021 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to latest analysis by Emergen Research. Increase in prevalence of chronic and infectious diseases is a major factor driving market revenue growth. According to the International Diabetes Federation (IDF), in 2021 approximately 537 million were living with diabetes worldwide and the number is estimated to rise to 643 million by 2030. Immunoassays are often used in diabetology to measure HbA1c, C-peptide, insulin, and beta cell autoantibodies, which are vital indicators for diagnosis and categorization of diabetes mellitus. Important indicators for precise classification of type 1, type 2, and other specialized kinds of diabetes include autoantibodies against beta cell constituents.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Immunoassay market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Immunoassay market landscape.
The increased use of Immunoassay by municipalities and enterprises is responsible for the market’s expansion. The Immunoassay market is anticipated to grow at a faster rate during the forecast period than traditional treatment procedures like thermal oxidation and chemical oxidation due to the reduced operational and capital costs of Immunoassay. The demand for Immunoassay is rising as more people are embracing biological treatment methods like aerobic activated sludge. The use of Immunoassay solutions is projected to increase in the near future due to rising restrictions on the discharge of treated effluents into freshwater bodies.
The Immunoassay research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans.
The key companies studied in the report are:
Siemens Healthcare GmbH, Biomérieux, Abbott, Becton Dickinson and Company, Beckman Coulter, Inc., Hologic, Inc., Ortho Clinical Diagnostics, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., and Thermo Fisher Scientific
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Product Outlook (Revenue, USD Billion; 2019-2030)
- Reagents and Kits
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Radioimmunoassay (RIA)
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Rapid Test
- Fluoroimmunoassay (FIA)
- Chemiluminescence Immunoassay (CLIA)
Application Outlook (Revenue, USD Billion; 2019-2030)
- Therapeutic Drug Monitoring
- Infectious Disease Testing
- Autoimmune Diseases
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Immunoassay market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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