Immunodiagnostics Market Estimated to Reach US$ 25.2 Billion Globally By 2027 | CAGR of 7.8%

According to IMARC Group latest report titled "Immunodiagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on immunodiagnostic market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global immunodiagnostics market size reached US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.2 Billion by 2027, exhibiting a growth rate (CAGR) of 7.8% during 2022-2027.

Immunodiagnostics represents an in-vitro diagnostic technology that uses antigen-antibody reaction to detect infectious diseases. It generally involves the use of radiological, fluorescent, or color-forming enzymes and probes to identify antibodies that assist in enhancing the targeting range to determine disease progression. Immunodiagnostics also utilizes several reagents, instruments, software-based solutions, etc., for chemiluminescence, enzyme-linked immunosorbent assay, radioimmunoassay, rapid testing, etc. These solutions are commonly used for forensic psychology and food analysis. As such, it finds extensive applications across hospitals, clinical laboratories, research and academic institutes, etc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The rising prevalence of endocrine as well as oncological disorders and the expanding geriatric population who are more susceptible to developing chronic diseases are primarily driving the immunodiagnostics market. Additionally, extensive improvements in the healthcare infrastructures are further bolstering the market growth. Besides this, the inflating need for personalized medicines is acting as another significant growth-inducing factor. Moreover, the growing consumer awareness towards available treatment alternatives for hepatitis B, diabetes, cancer, etc., is propelling the demand for immunodiagnostics kits, assays, and analyzers, which is positively influencing the global market. Apart from this, numerous technological advancements, such as the introduction of advanced point-of-care testing (POCT) systems that offer enhanced facilities for sepsis, acute myocardial infractions, and other medical disorders with higher mortality rates, are anticipated to fuel the immunodiagnostics market over the forecasted period.

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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
• Abbott Laboratories
• Arkray Inc.
• bioMérieux SA
• Bio-Rad Laboratories Inc.
• DiaSorin S.p.A.
• F. Hoffmann-La Roche AG
• Immunodiagnostic Systems Holdings PLC
• Johnson & Johnson
• Siemens AG
• Sysmex Corporation
• Thermo Fisher Scientific Inc

Immunodiagnostics Market Segmentation:
Our report has categorized the market based on region, product, technology, application and end use industry.

Breakup by Product:
• Reagents
• Instruments
• Software and Services

Breakup by Technology:
• Enzyme-Linked Immunosorbent Assay
• Chemiluminescence Immunoassay
• Fluorescent Immunoassay
• Radioimmunoassay
• Rapid Test
• Others

Breakup by Application:
• Infectious Diseases
• Oncology and Endocrinology
• Hepatitis and Retrovirus
• Bone and Mineral
• Autoimmunity
• Cardiac Biomarker
• Others

Breakup by End User:
• Hospitals
• Clinical Laboratories
• Academic and Research Centers
• Pharmaceutical and Biotechnology Industry
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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