Global Immunoassay Market is likely to experience a significant growth in near future | Market Opportunities and Forecast, 2019-2025| Major Companies: Abbott Laboratories, Inc., BioMérieux, Inc., F. Hoffmann-La Roche Ltd., Merck KGaA, and PerkinElmer, In

Orion Market Research (OMR) recently added an advanced technology report on the global immunoassay market. According to OMR analysis, the global immunoassay market is expected to grow significantly in the automotive industry during the forecast period 2019-2025. Drug discovery is one of the major application areas for immunoassays. Due to the growing number of diseases, demand is increasing for drugs of particular diseases. Immunoassay is a trial that uses the required antibodies to antigens to classify the quantity of certain substances. Immunoassays may be used to diagnose disease. Also, test results can provide information about a disease that may help in the development of its treatment (for example, when estrogen receptors are measured in breast cancer). Immunoassays aid in bioanalysis of various diseases and drug development. Therapeutic drug monitoring and clinical pharmacokinetics are other major application areas for immunoassays. However, strict FDA guidelines, the complex procedure of testing, lack of specificity, and poor healthcare system in low- and middle-income countries may hamper the growth of the market. Immunoassay is widely used in substantial areas of pharmaceutical investigation which include diagnosis of diseases and in therapeutic drug monitoring.

A growing number of infections and other health-related chronic diseases is the major factor which is driving the market. A rise in chronic diseases leads to a rising demand for research activities, better drug development, and custom-made drug development. Despite many challenges faced by the immunoassay market, it is estimated to grow substantially due to the spending of the US economy in the healthcare sector. Healthcare sector has also seen growth due to rising population, changes in disease prevalence or occurrence, increase in investment by the government and many pharmaceutical companies and many others. Additionally, technological development in biotechnology industry and rising geriatric population are some of the major factors contributing in the growth of the global immunoassay market.

Asia-Pacific immunoassay market has shown the highest rate of growth. In addition, Latin American countries are expected to establish a stable growth in the global immunoassay market over the forecast time period. Likewise, Europe has also shown the growth in this market. This can be credited to the growing incidence of infectious diseases, raising awareness about immunoassay techniques, increase in per capita expenditure in healthcare sector, enhancement in healthcare infrastructure, and the rising number of clinical research studies.

A full report of global immunoassay market is available at https://www.omrglobal.com/industry-reports/immunoassay-market/

The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, regulations, market determinants, key company analysis, strategic analysis, market insights, company profiling, market segmentation, and geographical analysis.

Major Segments:

• Products
Major products are segmented on the basis of analyzer and consumable.
• Technology
The technology covers the sub-segments as Radioimmunoassay (RIA), Counting Immunoassay (CIA), Enzyme Immunoassays (EIA), Fluoro Immunoassay (FIA), and Chemiluminescence Immunoassay (CLIA).

Region Covered

• North America (US and Canada)
• Europe (UK, Germany, France, Spain, and Italy)
• Asia-Pacific (China, India, and Japan)
• Rest of the World

For related reports please visit https://www.omrglobal.com/reports-category/healthcare/

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