Immunoassay Market will experience a noticeable growth during the forecast period 2019-2025

Immunoassay Market is expected to grow at a considerable rate during the forecast period 2019-2025. Immunoassay is performed to check or confirm the presence and amount of specific substance/proteins in the solution through the use of an antibody or an antigen. It is a biochemical test for quick and accurate diagnosis. The test is performed with antigens and antibodies to react with the solution. Immunoassays are being used in laboratory research, hospitals, and pharmaceutical companies.

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The test provides bio information about the severity or degree of illness by diagnosing concentration of molecules in the human body. Bio information received is used to plan better treatment and further prevention. Drug discovery is one of the major application areas for Immunoassay s. Due to the growing number of diseases, demand is increasing for drugs of particular diseases. Immunoassays aid in bioanalysis of various diseases and drug development. Therapeutic drug monitoring and clinical pharmacokinetic are other major application areas for Immunoassays.

Global Immunoassay market is segmented on the basis of product and technology. On the basis of the product, the market is segmented into the analyzer and consumable. The consumable segment is estimated to grow with a substantial rate during the forecast period due to the growing need for drug development and diagnosis with the increasing number of chronic diseases. Analyzer market is estimated to hold a major share of the global Immunoassay market. On the basis of technology, the market is diversified into radioImmunoassay , counting Immunoassay , enzyme Immunoassay s, fluoroImmunoassay , and chemiluminescence Immunoassay .

In the geographic overview, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is reporting the dominant share in the global Immunoassay market and is estimated to retain market dominance in the forecast period. North America is holding the major market share due to the growing number of biotechnology research projects. Well-established research and the pharmaceutical industry are other major reasons attributing to the significant share of North America in the global Immunoassay market.

Asia-Pacific is anticipated to grow with the highest rate due to the growing geriatric population and an increasing number of chronic diseases among people in the region. Growing investment in pharmaceutical and biotechnology research is estimated to grow the market share substantially during the forecast period. Europe is holding a significant market share in the global Immunoassay market. Developing advanced technology in the diagnosis and treatment is propelling the European countries to hold substantial market share.

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Global Immunoassay Market Segmentation

By Product

o Analyzer
o Consumable

By Technology
o RadioImmunoassay (RIA)
o Counting Immunoassay (CIA)
o Enzyme Immunoassay s (EIA)
o Fluoro Immunoassay (FIA)
o Chemiluminescence Immunoassay (CLIA)

Company Profiles
o Abbott Laboratories, Inc.
o Agilent Technologies, Inc.
o Becton Dickinson and Co.
o bioMérieux, Inc.
o Bio-Rad Laboratories, Inc.
o Bio-Techne Corp.
o Cisbio Bioassays
o Danaher Corp.
o DiaSorin S.p.A.
o F. Hoffmann-La Roche Ltd.
o Hologic Inc.
o Luminex Co.
o Merck KGaA

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