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Immunoassay Instruments - Worldwide Market Size, Growth rate and Future Analysis

Immunoassay Instruments - Worldwide Market Size, Growth rate

The immunoassay instruments market is growing with a considerable rate due to rising incidence of chronic infectious diseases, increasing preference for personalized medicine, and technological advancements. Investments in emerging economies, and focus on developing compact, reliable and portable immunoassay instruments are some of the factors giving ample opportunities to the immunoassay instruments market to grow in the coming years.

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Immunoassay is a laboratory based diagnostic procedure that is performed using an immunological reaction of antibodies. The formation of antibody antigen complexes in blood samples and other body fluids are measured by immunoassay instruments and are usually engaged to detect analytes in quantitative or qualitative manner. Qualitative analyses of immunoassay test include immunoassay tests by detecting human chorionic gonadotropin in urine samples for pregnancy. Immunoassay is done in multiple steps with reagents being added and washed away at different points during the assay.

Some of the factors driving the immunoassay instruments market are enhanced discovery of specific biomarkers, extensive use of immunoassays in oncology and rising geriatric population. Implementation of excise duty by the U.S. government and high cost associated with technologically advanced immunoassay systems are some of the factors restraining the immunoassay instruments market to some extent.

Explore Report at: https://www.psmarketresearch.com/market-analysis/immunoassay-instruments-market

Some of the competitors in the immunoassay instruments market are Beckman Coulter, Inc., F. Hoffman-La Roche, Ltd., Thermo Fisher Scientific, Ortho Clinical Diagnostics, BioMerieux, Inc., Abbott Laboratories, Sysmex Corporation, DiaSorin S.p.A., Siemens Healthcare, and Merck Millipore Corporation.

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