Global Immunoassay Market Brief Research 2019 Shared in Detailed Report and Future Growth Projections to 2023

Immunoassay market research report: By Product and Service (Reagents & Kits, Analyzers, Software, and Services), Type (RIA, CIA, ELISA, FIA, and CLIA), Application (Oncology, Toxicology, Neonatal Screening, Others), End-User – Global forecast till 2023

Market Scenario

An immunoassay is a test based on biochemistry to measure the concentration of an analyte. The analytes are antibodies that are produced due to infection or small molecules. Immunoassays are highly adaptable which are designed to detect the binding of the specific antibody to the target analyte.

It is noted that the increasing prevalence of chronic conditions will push the demand for advanced immunoassay technologies. According to the statistics suggested by the Centers for Disease Control and Prevention, around 9,421 cases of tuberculosis, 51,455 cases of salmonella, 33,461 cases of Lyme disease, and 433 cases of meningococcal disease were registered in the United States.

It is estimated that the immunoassay market is expected to grow at a CAGR 8.5% during the forecast period of 2017–2023.

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Segmentation

The global immunoassay market is segmented on the basis of product and service, type, and end-user.

On the basis of product and service, the market is classified as reagents and kits, analyzers, and software and services. The reagents and kits segment is classified as Enzyme-Linked Immunosorbent Assay (ELISA) reagents and kits, rapid test reagents and kits, western blot reagents and kits, elispot reagents and kits, RIA reagents and kits, and PCR reagents and kits. The analyzers segment is classified as portable analyzers and benchtop analyzers.

On the basis of type, the market is classified as Radioimmunoassay (RIA), Counting Immunoassay (CIA), Enzyme Immunoassays (EIA) or Enzyme-Linked Immunosorbent Assays (ELISA), Fluoroimmunoassay (FIA), and Chemiluminescence Immunoassay (CLIA).

On the basis of application, the market is classified as infectious diseases, oncology, autoimmune disorders, toxicology, neonatal screening, cardiology, hematology and blood screening, bone and mineral disorders, and others.

On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic laboratories, research and academic laboratories, pharmaceutical companies, biotechnology companies, and others.

Key Players

The fervent players leading the global medical ceramic market include Zimmer Holdings, Inc., CoorsTek Inc., Straumann, Kyocera Corporation, Stryker, 3M ESPE, H.C. Starck GmbH, Nobel Biocare Services AG, DePuy Synthes, and Morgan Advanced Materials.

Regional Analysis:

The Americas dominates the immunoassay market owing to the presence of major market players, high adoption rate, and increasing prevalence of infectious diseases. According to the statistics suggested by the Centers for Disease Control (CDC) and Prevention, around 9,421 cases of tuberculosis, 51,455 cases of salmonella, 33,461 cases of Lyme disease, and 433 cases of meningococcal disease were registered in the United States. It is also reported that nearly 16.8 million individuals visit physician offices for infectious and parasitic diseases.

Europe holds the second position in the immunoassay market. It is expected that the funding provided by the government and private organizations towards research and development, along with the rising prevalence of infectious disease are likely to drive the European market.

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Owing to a huge patient pool, increasing demand, and development in the healthcare technology, Asia Pacific is the fastest growing immunoassay market. Healthcare expenditure is found to be improving in various regions in Asia Pacific. According to the data suggested by the Australian Institute of Health and Welfare during the year 2015–16, the total health expenditure was USD 170.4 billion, i.e., 3.6% higher than the expenditure of 2014–2015.

The Middle East and Africa holds the lowest share in the global immunoassay market due to low development, lack of technical knowledge, and poor medical facilities.

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