Global Immunoassay Market: Surging at a CAGR of 5.1% with Influencing Factors and Key Trends

Significant Influencers and Expansion of the Immunoassay Market

What Is The Projected Market Size Of The Global Immunoassay Market And Its Growth Rate?
The global immunoassay market exhibits robust growth with promising prospects. Key highlights include:
• The market size of the immunoassay sector stood at $35.81 billion in 2024.
• The figure is expected to rise to $37.63 billion in 2025, representing a CAGR of 5.1%.
• Over the forecast period, the market is projected to soar to $50.12 billion in 2029 at a CAGR of 7.4%.

What Is Driving The Growth In The Immunoassay Market?
The upsurge in infectious and chronic diseases globally is a significant growth propeller for the immunoassay market. Chronic diseases that necessitate incessant medical care and limit daily activities, along with infectious diseases caused by bacteria, viruses, and fungi, induce the requirement for immunoassay. The market is further propelled by the anticipated increase in the number of individuals aged 50 and over with at least one chronic illness from 71.522 million in 2020 to 142.66 million in 2050 in the US.

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Who Are the Key Players Driving Immunoassay Market Growth?
• Siemens Healthineers GmbH
• bioMérieux
• Abbott
• Beckman Coulter Inc.
• Quidel Corporation
• Ortho Clinical Diagnostics
• Sysmex Corporation
• Bio-Rad Laboratories Inc.
• Becton Dickinson and Company
• F. Hoffmann-La Roche Ltd

What Are The Key Trends In The Immunoassay Market?
The following trends are indigenous to the forecast period of the Immunoassay market:
• Regulatory harmonization efforts
• Multipurpose immunoassays
• Customized assay services
• Integration with wearable devices
• Miniaturization of assays

What Are The Segments Of The Global Immunoassay Market?
The global immunoassay market can be segmented as follows:
• Product: Reagents And Kits, Analyzers Or Instruments, Software, And Services
• Specimen: Blood, Saliva, Urine, Other Specimens
• Application: Therapeutic Drug Monitoring, Oncology, Cardiology, Infectious Disease Testing, Autoimmune Diseases, Other Applications
• End User: Research And Academic Laboratories, Home Care Settings, Pharmaceutical And Biotechnology Companies And CROs, Blood Banks, Hospitals And Clinics, Clinical Laboratories

Which Region Leads The Immunoassay Market?
In 2024, North America was the dominant region in the immunoassay market, while the fastest-growing region during the forecast period is anticipated to be Asia-Pacific. The regions evaluated in the immunoassay market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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What Is Covered In The Immunoassay Market Global Market Report?
- Market Size Analysis: Analyze the Immunoassay Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Immunoassay Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Immunoassay Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Immunoassay Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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