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Enzyme-Linked Immunosorbent Assay Testing Global Market Report 2024 - Business Growth, Top Companies, Industry Analysis And Forecast 2033
Enzyme-Linked Immunosorbent Assay Testing Global Market Report
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According to The Business Research Company's, The enzyme-linked immunosorbent assay testing market size has grown strongly in recent years. It will grow from $2.68 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the prevalence of chronic diseases, increased funding and emphasis on biomedical research, approval of ELISA tests by regulatory bodies, government initiatives, and health awareness programs.
The enzyme-linked immunosorbent assay testing market size is expected to see strong growth in the next few years. It will grow to $3.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising demand for personalized medicine, a growing geriatric population, greater emphasis on early detection, improved access to healthcare services, and a and a growing need for chronic disease monitoring. Major trends in the forecast period include technological advancements, growing demand for point-of-care testing, expanding application areas, the adoption of high-throughput screening, and the emergence of digital ELISA.
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Market Drivers and Trends:
The growing incidence of infectious disorders is expected to propel the growth of the enzyme-linked immunosorbent assay testing market going forward. Infectious disorders are diseases caused by pathogenic microorganisms, such as bacteria, viruses, fungi, or parasites, which can spread between individuals and impact various body systems. The growing incidence of infectious disorders can be attributed to increased global travel and the rise of antimicrobial resistance, which complicates infection control. Enzyme-linked immunosorbent assay (ELISA) testing is helpful for infectious disorders as it allows for the accurate detection and quantification of specific antigens or antibodies related to the infection, aiding in diagnosis, monitoring disease progression, and evaluating treatment effectiveness. For instance, in February 2024, according to data published by the World Health Organization, a Switzerland-based intergovernmental public health organization, a total of 58114 measles (a highly contagious viral disease) cases were reported in the European Region in 2023, compared to 941 cases in 2022. Therefore, the growing incidence of infectious disorders is driving the growth of the enzyme-linked immunosorbent assay testing market.
Major companies in the enzyme-linked immunosorbent assay testing market are focusing on broadening their offerings through product innovations, such as novel enzyme-linked immunosorbent assay (ELISA) kits, to enhance diagnostic accuracy and meet diverse research and clinical needs. Novel Enzyme-Linked Immunosorbent Assay (ELISA) kits refer to advanced versions of ELISA tests that offer improved accuracy, sensitivity, and usability for detecting and quantifying biomarkers. For instance, in February 2023, Charles River Laboratories, a US-based pharmaceutical company, introduced a novel enzyme-linked immunosorbent assay (ELISA) kit for the detection and quantitation of residual host cell proteins (HCP) in CHO-based biotherapeutics. This innovative kit utilizes avian immunoglobulin Y (IgY) antibodies sourced from specific pathogen-free (SPF) chicken eggs, providing enhanced sensitivity and specificity with detection limits as low as 0.1 ng/mL and 90% antibody coverage. This launch aims to improve quality control in biopharmaceutical development, ensuring the safety and efficacy of new therapies while allowing for flexible use by clients, either independently or with support from Charles River's experts.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Siemens Healthineers, Becton Dickinson and Company, Agilent Technologies Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., Tecan Group Ltd., GenScript Biotech Corporation, Promega Corporation, Abcam plc, R&D Systems Inc., Sino Biological Inc., OriGene Technologies Inc., RayBiotech Inc., Santa Cruz Biotechnology Inc., AnaSpec Inc., Biomatik, Arigo Biolaboratories Corp., MyBioSource Inc., Boster Biological Technology, Eagle Biosciences Inc., Enzo Life Sciences Inc., StressMarq Biosciences Inc., XpressBio
Enzyme-Linked Immunosorbent Assay Testing Market 2024 Key Insights:
• The enzyme-linked immunosorbent assay testing market size is expected to see strong growth in the next few years. It will grow to $3.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Rising Incidence Of Infectious Disorders Driving Growth In ELISA Testing Market
• Innovative ELISA Kits Enhance Diagnostic Accuracy And Quality Control In Biopharmaceuticals
• North America was the largest region in the enzyme-linked immunosorbent assay testing market in 2023
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