Press release
Immunoassays in R&D Market Trends, Analysis, Share, Size, Market Growth and Segment Forecasts To 2027
Immunoassays in R&D Market
According to Market Research Future (MRFR), the global immunoassays in the R&D market estimated to USD 7,716.6 MN by 2023. MRFR, in its recent study report, also asserts that the market would register a CAGR of over 8.18% throughout the forecast period of 2018-2023. The market is predominantly driven by the increasingly evolving healthcare technology coupled with the rising interest for next-generation immunodiagnostics.
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Additionally, growing clinical applications for investigation and diagnosis of various chronic and related infectious diseases are anticipated to fuel the growth of the immunoassays in the R&D market. Furthermore, the rising prevalence of infectious diseases and chronic conditions, which require early diagnosis, prevention, and treatment, act as a key driving force for the growth of the market.
The introduction of innovative products in the market ensures the added momentum to the immunoassays in the R&D market. The commercialization of such immunoassay products is also expected to increase considerably in the recent future.
On the other hand, stringent regulatory requirements and high cost associating with immunoassays products can bog down the market during the review period. Nevertheless, factors such as the availability of funds and laboratory space for R&D would support the growth of the market.
Global Immunoassays in R&D Market – Segments
By Product & Service: Kits & Reagents, Analyzers, Software & Services, among others.
By Type: Enzyme-Linked Immunosorbent Assay (ELISA), Enzyme-Linked Immunospot Assay (ELISpot), RadioImmunoassay (RIA), Chemiluminescence (CLIA), Fluoroimmunoassay, and others.
By Application: Infectious Diseases, Cancer Research Endocrinology, Autoimmune Diseases, and others.
By End-user: Pharmaceutical & Biotechnology Companies, Academic Institutions & Laboratories, among others.
By Regions: Europe, North America, APAC, and the Rest-of-the-World (RoW).
Global Immunoassays in R&D Market – Regional Analysis
North America leads the global Immunoassays in the R&D market with the largest market share. An increasing number of research projects conducted by the substantial research grants by government and private entities drive the regional market growth, hugely. Besides, rising numbers of research labs and academic institutions expected to come up with innovative diagnostic and treatment alternatives are expected to foster the growth of the regional market.
The immunoassays in the R&D market in the European region is expected to stand second. The growing adoption of diagnostic measures would foster the growth of the regional market. Moreover, increasing numbers of biotechnology companies in the region, led by the enormous funds from the public and private organizations, are expected to boost the growth in the regional market. In Europe, the government authorities and private companies have significantly contributed towards the development of technology, supported research funding, and helped in the commercialization of immunoassays products and associated instruments for R&D.
The Asia Pacific immunoassays in the R&D market is expected to register a substantial CAGR during the forecast period. Factors such as the developing healthcare infrastructure and an increasing number of research activities in the region are driving the growth of the regional market. Additionally, increasing numbers of research and development centers are the other major factors expected to boost the growth of the regional market.
Global Immunoassays in R&D Market – Competitive Analysis
The immunoassays in the R&D market appears to be highly competitive and fragmented. Market leaders are continuously innovating, seeking market expansion increasingly. To gain a significant market share, players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and new therapeutics & technology launch.
To meet competitive market demands, manufacturers strive to design new immunoassay instruments with many additional capabilities & features. Such expanded feature sets often include pre-analytical automation, interoperability with clinical chemistry and other analyzers, automated specimen storage, automated reflex testing protocols, automated quality control, and flexible reporting methods.
Major Players:
Players leading the immunoassays in the R&D market include Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Siemens Healthineers, Danaher Corporation, Becton, Dickinson and Company, bioMérieux Inc., F. Hoffmann-La Roche Ltd, Abbott Laboratories, Abcam plc., and Sysmex Corporation, among others.
Industry/Innovation/ Related News:
June 04, 2019 ---- Bio-Techne Corporation (the US), a leading holding company for biotechnology & clinical diagnostic brands, announced the acquisition of B-MoGen Biotechnologies Inc. (the US), a genome engineering start-up to continue to build its portfolio in cell and gene therapy workflow solutions. Bio-Techne has an expanding line of products for clinical-grade cell and gene therapy applications for research use. These include Immunoassays offered under its R&D Systems, QuickGel™ microparticles, GMP grade Cytokines, Antibodies, and others.
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