Immunofluorescence Assay Market worth 2.01 Billion USD till 2023 | Growth Factors, Business Developments, Segmentation and Technologies

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Immunofluorescence Assay Market Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2023. It aims at estimating the market size and the growth potential of this market across different segments, such as industry, application, solution, type, and region.

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The Immunofluorescence Assay Market is expected to reach US$ 2.01 Billion by 2023 from an estimated US$ 1.51 Billion in 2018, at a CAGR of 5.8%. Most Popular Companies in the Immunofluorescence Assay Market include are Thermo Fisher (US), Inova Diagnostics (US), Bio-Rad (US), Abcam (UK), PerkinELmer (US), Merck Millipore (US), Cell Signaling Technology (US), MEDIPAN GMBH (Germany), Sino Biological (China), Danaher (US), Vector Laboratories (US).

“The kits segment is expected to register the highest CAGR during the forecast period.”
On the Basis of Product, the immunofluorescence assay market is segmented into reagents, instruments, antibodies, kits, and consumables & accessories. The kits segment is expected to register the highest CAGR during the forecast period. The growth of this segment is primarily attributed to the increasing demand for complete solutions from a single-provider, the rising prevalence of a number of diseases, increasing R&D spending, and increased government funding for life science research.

“Indirect immunofluorescence segment dominated the market in 2017”
On the Basis of Type, the immunofluorescence assay market is segmented into indirect and direct immunofluorescence. The indirect immunofluorescence segment accounted for the largest share and it is also expected to register the highest CAGR during the forecast period.

“Cancer segment dominated the market in 2017”
Based on Disease, the immunofluorescence assay market is segmented into cancer, infectious diseases, cardiovascular diseases, autoimmune diseases, and other diseases (kidney diseases, neurological diseases, skin diseases, gastrointestinal diseases, and oral diseases). In 2017, the cancer segment accounted for the largest share in the global immunofluorescence assay market owing to the increasing prevalence of cancer across the globe and the widespread adoption of immunofluorescence techniques for the study and diagnosis of cancer.

“Hospitals and Diagnostics is expected to grow at the fastest rate during the forecast period”
On the Basis of End User, the immunofluorescence assay market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, hospitals and diagnostics centers, and contract research organizations (CROs). The hospitals and diagnostic centers segment is expected to register the highest CAGR during the forecast period owing to the increasing use of immunofluorescence assay in the diagnose or identify of various diseases.

“APAC is projected to witness the highest growth during the forecast period”
North America held the largest share of the global immunofluorescence assay market in 2017. On the other hand, the APAC region is expected to witness the highest CAGR during the forecast period, owing to the increasing R&D spending, rising prevalence of diseases, large population in countries such as China and India, improving healthcare infrastructure, increasing healthcare spending, and government initiatives in this region.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1–35%, Tier 2–40% and Tier 3–25%
• By Designation – C-level–33%, Director Level–41%, Others–26%
• By Region – North America–35%, Europe–30%, Asia Pacific–21%, Rest of World–14%

Report Highlights:
• To profile the key players and comprehensively analyze their market shares and core competencies in the market

• To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World, along with major countries in these regions

• To provide detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and challenges)

• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

• To track and analyze competitive developments such as product launches, expansions, agreements, partnerships, acquisitions and research and development activities in the global market

Target Audience for Immunofluorescence Assay Market: Suppliers and distributors of immunofluorescence kits, reagents, and equipment, Manufacturers of immunofluorescence kits, reagents, and equipment, Research institutes, Academic institutions, Contract research organizations, Health insurance payers, Venture capitalists and investors, Market research and consulting firms.

Competitive Landscape of Immunofluorescence Assay Market:
Introduction
Market Leadership Analysis
Geographic Revenue Mix of the Major Players
Competitive Scenario
Product Launches
Expansions
Acquisitions
Agreements and Partnerships
Announcements

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This release was published on openPR.