Wednesday, May 12, 2021

Immunoassay Market Size to Expand at a CAGR of 10% during 2021 to 2026

 According to IMARC Group latest report titled” Immunoassay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global immunoassay market to exhibit moderate growth during the next five years. Immunoassay (IA) refers to the biochemical method used for identifying and quantifying analytes, such as protein, nucleic acid, and lipid, in a solution using antibody-antigen reactions. Some of the common IAs are radioimmunoassay (RIA), enzyme-linked immunosorbent assay (ELISA), fluoro, and chemiluminescence immunoassays. IA plays a vital role in various bioanalytical settings, including medical diagnosis, research centers, laboratories, food testing, environmental monitoring security, and pharmaceutical analysis.

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.

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Market Trends:

The rising prevalence of chronic and infectious diseases, especially in the geriatric population, is primarily driving the global IA market. Apart from this, the onset of the global pandemic (COVID-19) has led to a rise in the utilization of immunoassay products to detect the presence of SARS-CoV-2 in a biological sample, which is further supporting the market growth. Moreover, researchers are consistently developing effective immunoanalytical systems, such as surface plasmon resonance (SPR)-based instruments that use microfluidic, bioengineered, and biosensor technologies, which, in turn, is creating a positive outlook for the market. Other than this, the introduction of smartphone-based formats connected to automated flow readers to produce highly sensitive and quantifiable results is propelling the market growth.

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Abbott
  • 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

Explore full report with table of contents: https://www.imarcgroup.com/immunoassay-market

Immunoassay Market Segmentation:

Our report has categorized the market based on Region, Technology, Product, Application and End Use.

Market Breakup by Technology:

  • Radioimmunoassay
  • Enzyme Immunoassay
  • Rapid Test
  • Others

Market Breakup by Product:

  • Reagents and Kits
  • Analyzers/Instruments
  • Software and Services

Market Breakup by Application:

  • Therapeutic Drug Monitoring
  • Oncology
  • Cardiology
  • Endocrinology
  • Infectious Disease Testing
  • Autoimmune Diseases
  • Others

Market Breakup by End Use:

  • Hospitals
  • Blood Banks
  • Clinical Laboratories
  • Pharmaceutical and Biotech Companies
  • Academic Research Centers
  • Others

Market Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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