Industry Background:
Immunochemistry is the study of the molecular mechanisms underlying the function of the immune system, especially the nature of antibodies, antigens, and their interactions. It has numerous applications in life sciences such as the use of antibodies for the labeling and detection of biomolecules in techniques such as ELISA, immunocytochemistry, and immunohistochemistry.
According to AMA Research, the market for Immunochemistry is expected to register a CAGR of 7.9% during the forecast period to 2028. This growth is primarily driven by Increased Applications of Biochemistry in Life Science
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Biotechnology sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thermo Fisher Scientific, Inc, F. Hoffmann-La Roche Ltd. (Switzerland), Agilent Technologies, InC., Danaher (United States), Bio SB, Inc (United States), Becton, Dickinson and Company (United States), Merck KGaA (Germany), Biocare Medical, LLC., Abcam plc (United Kingdom) and Bio-Rad Laboratories (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2021, Roche announced the FDA approval of its VENTANA MMR RxDx Panel. It can be used as a diagnostic aid to identify solid tumors and deficient DNA mismatch repair in patients. This test panel of MMR proteins in solid tumors helps to gather treatment information.
In May 2022, Agilent Technologies Inc., a leading manufacturer of analytical instrumentation announced that its PD-L1 IHC 22C3 pharmDx received EU CE-IVD for use in cervical cancer. PD-L1 IHC 22C3 pharmDx is used for identifying cervical cancer patients with PD-L1 CPS ≥ 1 for treatment with KEYTRUDA, which is developed by Merck.The companies are exploring the market by adopting expansions, investments, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Influencing Trend:
Growing Demand for Technological Advanced Immunochemistry Technologies
Market Growth Drivers:
Increased Applications of Biochemistry in Life Science and Increased Prevalence of Numerous Diseases such as Cancers and Cardiovascular Diseases
Challenges:
Dearth of Skilled Professionals
Restraints:
High Degree of Consolidation
Opportunities:
Growing Number of Geriatric Population and Increasing Research and Development Activities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Immunochemistry Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Immunochemistry Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Immunochemistry players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Immunochemistry Study Sheds Light on
The Immunochemistry Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Immunochemistry industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Immunochemistry industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.