Global Radioimmunoassay Market - Industry Trends and Forecast to 2028

Radioimmunoassay market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 570.18 million by 2028 and will grow at a CAGR of 4.10% in the above mentioned forecast period.

Radioimmunoassay is a type of a technique which is most often used in-vitro assay to determine the concentration of antigens in blood. The principle on which radioimmunoassay is based is the competitive binding assay. In this technique, antigen and antibody bind to one another and the amount of bound antigen is considered using radioimmunoassay. This process is hypersensitive in nature and can calculate even the least amount of hormone or drug level with the help of antibodies.

The increasing incidence of various infectious diseases and cancer is amongst the important factors intensifying the growth and demand of radioimmunoassay market. In addition, the rapid advancements in medical research, clinical trials as well as the increasing geriatric population with cancer indication are also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the growing need for quality and error-free results to make sure patient satisfaction has resulted in research labs and diagnostic centers to decide on high-throughput and automated procedures which are also enhancing the growth of the market. Likewise, the increasing adoption of technologically advanced devices along with the high adoption of innovative products is also lifting the market growth in the above mentioned forecast period. Also, the growing demand for healthcare automation and is also one of the significant factors fueling the growth of the radioimmunoassay market.

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