About Immunoassay
Immunoassay is a highly selective bioanalytical method that measures the presence or concentration of analytes ranging from small molecules to macromolecules in a solution through the use of an antibody or an antigen as a biorecognition agent. It helps to detect the antigens of viruses, bacteria, parasites, hormones and markers that are specific to a certain disease. It is useful in various bioanalytical settings such as clinical diagnostics, biopharmaceutical analysis, environmental monitoring, security and food testing. A substantial rise in the cases of infectious and chronic disease and the rise in the use of immunoassays in oncology are likely as the main factors that are projected to support the development of the market in the coming years. Moreover, the high development in biopharmaceutical and biotechnology industries is another factor that is predicted to create potential growth opportunities over the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.5% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Immunoassay market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bio-Rad Laboratories, Inc. (United States), Thermo Fisher Scientific Inc. (United States), Siemens Healthineers (Germany), Becton, Dickinson and Company (United States), Danaher Corporation (United States), bioMérieux Inc. (France), Abbott Laboratories (United States), F. Hoffmann-La Roche Ltd (Switzerland), Sysmex Corporation (Japan) and Abcam plc. (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Immunoassay market by Type (Reagents and Kits, Analyzers and Software and Services), Application (Infectious Disease, Endocrinology, Oncology, Cardiology, Hematology and Blood Screening, Autoimmune Disorders and Others) and Region.
On the basis of Type, Reagents and Kits are dominating the market in the year 2023 where as Software and Services stood as second largest market share.
On the basis of geography, the market of Immunoassay has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by , the sub-segment i.e.
will boost the Immunoassay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Chemiluminescence Immunoassays will boost the Immunoassay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Enzyme-Linked Immunosorbent Assays will boost the Immunoassay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Instruments
Market Growth Drivers:
Growth in the Biotechnology and Biopharmaceutical Industries, Rising Incidence Rate of Chronic and Infectious Diseases and Increasing Adoption of Immunoassay Based Testing
Challenges:
Technical Difficulties during Testing
Restraints:
Stringent Regulatory Requirements for Instrument Approval and High Prices Of the Immunoassay Systems
Opportunities:
Growth Opportunities in the Emerging Countries and Rising Geriatric Population
Market Leaders and their expansionary development strategies
On 15th December 2017, Siemens Healthineers acquired Luxembourg-based Fast Track Diagnostics (FTD), a global supplier of diagnostics tests. By introducing FTD products to its molecular diagnostics portfolio, Siemens Healthineers is further investing in precision medicine and better patient experience through solutions that eliminate the need for repeat diagnostic testing, reducing time and improving patient outcomes.
On 10th April 2019, Thermo Fisher Scientific, the world leader in serving science, launched Immunoassay for Kratom Alkaloid Mitragynine Screening. It’s the newest drug to abuse test supporting calibrators and controls. and In 2018, the World Hepatitis Alliance launched the “Find the Missing Millions” campaign to raise awareness regarding hepatitis and remove barriers in clinical diagnostic settings.
Key Target Audience
Pharmaceutical and Biotechnology Companies, Hospitals, Clinical Laboratories, Blood Banks, Research and Academic Laboratories and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.