Immunoassay Market Worth $19.76 billion by 2025 at a CAGR of 5.9%, Global Industry Analysis, Forecast Year 2019 to 2025

Meticulous Research®- leading global market research company published a research report titled "Immunoassay Market by Product (Kits & Reagents, Analyzers, Software), Platform (Chemiluminescence, Radioimmunoassays) Application (Infectious Diseases, Cardiology), End User (Hospitals, Academic Laboratories), and Geography - Global Forecast to 2025".

Download a Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4982

According to this latest publication from Meticulous Research®, the global immunoassay market is expected to grow at a CAGR of 5.9% from 2019 to reach $19.76 billion by 2025. The high growth of immunoassays market is mainly attributed to increasing incidence of chronic and infectious diseases, growing use of immunoassay in oncology, rise in drug and alcohol testing, and technological advancements in immunoassay. In addition, emerging markets and increasing epidemic potentials offer significant growth opportunities for the players operating in this market. However, limitations of immunoassay and development of alternative technologies are the key factors expected to hinder the adoption of immunoassay products.

The global immunoassay market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product (immunoassay kits & reagents, immunoassay analyzers, immunoassay software & services), platforms (chemiluminescence immunoassays, fluorescence immunoassays, colorimetric immunoassays, radioimmunoassays, other platforms) application (infectious diseases, cardiology, endocrinology, oncology, bone & mineral disorders, autoimmune disorders, allergy, other applications), end user (hospitals & clinics, clinical laboratories/reference labs, blood banks, pharmaceutical and biotechnology companies, research & academic laboratories, other end users). The study also evaluates industry competitors and analyzes the market at regional and country level.

On the basis of product, the immunoassay kits and reagents segment accounted for the largest share of this market in 2018. The large share of this segment is mainly attributed to increasing number of immunoassay tests being performed across the globe leading to recurrent purchase of kits and reagents. Among kits and reagents segment, ELISpot kits and reagents segment is projected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to rising global incidence of chronic diseases, increasing vaccines development to address the challenge of antimicrobial resistance, and technological advancements in ELISpot assay kits and analyzers.

Request for a Premium Sample Report @ https://www.meticulousresearch.com/request-sample-report/cp_id=4982

On the basis of detection technology or platform incorporated, the immunoassay market comprises Chemiluminescence Immunoassays (CLIAs), Colorimetric Immunoassays (CIs), Fluorescence Immunoassays (FIAs), Radioimmunoassays (RIAs), and other platforms, including turbidimetric immunoassays and counting immunoassays. The CLIAs segment accounted for the largest share of the global immunoassays market in 2018. The large share of this segment can primarily be attributed to wide adoption of CLIAs in clinical diagnostics, research applications, and in pharmaceutical analysis due to low cost per test and high sensitivity.

On the basis of application, infectious diseases accounted for the largest share of the global immunoassay market in 2018. The rising incidence of infectious diseases and growing adoption of immunoassay diagnostics in infectious diseases are the key factors responsible for the large share of this segment in the market. Oncology segment is expected to grow at the highest CAGR in the forecast period. Rising prevalence of cancer, increasing focus towards tumor market development, technological advancements, and growing awareness about cancer are expected to drive the growth of this market.

The hospitals segment accounted for the largest share in 2018 and is expected to grow at the highest CAGR during the forecast period. This is primarily attributed to large volume of tests performed in hospitals and hospital-associated laboratories. Ease of access and need of faster turnaround time are some of the key factors that lead to large volume of tests performed in hospitals.

This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share of the global immunoassays market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific region is expected to grow at the higher CAGR during the forecast period. The immunoassays market in Asia Pacific, especially in China, India, and Japan is expected to witness high growth during the forecast period. Growth in this market is expected to be driven by large pool of patient population, increasing prevalence of infectious diseases and cancer, increasing government spending on the healthcare, and increasing disposable income of the population that improved the access to diagnosis and treatment. In addition, favorable government policies and healthcare structural reform are further expected to drive the market growth. Furthermore, the lack of stringent regulations and liberalization in Asian countries is also a key factor making Asia Pacific a lucrative market.

Enquire or Share Your Questions if Any @ https://www.meticulousresearch.com/enquire-before-buying/cp_id=4982

The major players operating in the global
immunoassays market are F. Hoffman La Roche AG (Switzerland), Abbott Laboratories (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Sysmex Corporation (Japan), bioMérieux (France), Ortho Clinical Diagnostics (U.S.), DiaSorin SPA (Italy), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific (U.S.), Becton, Dickinson and Company (U.S.), Merck (Germany), Bio-Rad Laboratories (U.S.), Agilent Technologies (U.S.), PerkinElmer (U.S.), Quidel Corporation (U.S.), Bio-Techne Corporation (U.S.), and Mindray (China) among others.

Table of Contentss

1. Introduction

1.1. Market Definition
1.2. Market Segmentation
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary

3.1. Introduction
3.2. Market Dynamics
3.3. Product Segment Analysis
3.4. Platforms Segment Analysis
3.5. Application Analysis
3.6. End User Analysis
3.7. Regional Analysis
3.8. Competitive Analysis

4. Market Insights

4.1. Market Overview
4.2. Drivers
4.2.1. Increasing Incidence of Chronic Diseases and Infectious Diseases
4.2.2. Increasing Use of Immunoassays in Oncology
4.2.3. Vital Role of Immunoassays in Drug and Alcohol Testing
4.2.4. Technological Advancements in Immunoassay
4.3. Restraints
4.3.1. Limitations of Immunoassay
4.4. Opportunities
4.4.1. Growth Opportunities in Emerging Economies
4.4.2. Increasing Epidemic Potentials

5. Global Immunoassay Market, by Product

5.1. Overview
5.2. Immunoassay Kits and Reagents
5.2.1. Rapid Test Kits and Reagents
5.2.2. Elisa Kits and Reagents
5.2.3. Western Blot Kits and Reagents
5.2.4. Elispot Kits and Reagents
5.2.5. Other Immunoassay Kits and Reagents
5.3. Immunoassay Analyzers
5.4. Immunoassay Software and Services

6. Global Immunoassay Market, by Platforms

6.1. Overview
6.2. Chemiluminescence Immunoassays
6.3. Fluorescence Immunoassays
6.4. Colorimetric Immunoassays
6.5. Radioimmunoassays
6.6. Other Immunoassay Platforms

7. Global Immunoassay Market, by Application

7.1. Overview
7.2. Infectious Diseases
7.3. Cardiology
7.4. Endocrinology
7.5. Oncology
7.6. Bone and Mineral Diseases
7.7. Autoimmune Disease
7.8. Allergy
7.9. Other Applications

8. Global Immunoassay Market, by End User

8.1. Overview
8.2. Hospitals and Clinics
8.3. Clinical Laboratories
8.4. Blood Banks
8.5. Pharmaceutical and Biotechnology Companies
8.6. Academic & Research Institutions
8.7. Other End Users

9. Immunoassay Market, by Geography

9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. Italy
9.3.3. France
9.3.4. Spain
9.3.5. U.K.
9.3.6. Rest of Europe
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Rest of Asia Pacific
9.5. Latin America
9.6. Middle East & Africa

.....Continued

Speak to Our Expert Analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=4982

Office Address

Asia-Pacific
Office No-202, 203,204,205,206;
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

This release was published on openPR.