Enzyme Linked Immunosorbent Assay Market Growth Analysis: Industry Expansion and Key Players - ZEUS Scientific, Inc., Life Technologies Corporation, Bio-Rad Laboratories, Inc.

Global Enzyme Linked Immunosorbent Assay Market reached US$ 2.14 billion in 2023 and is expected to reach US$ 3.35 billion by 2031, growing at a CAGR of 5.8% during the forecast period 2024-2031.

Enzyme Linked Immunosorbent Assay Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Enzyme-linked immunosorbent assay (ELISA) is a widely used laboratory technique for detecting and quantifying proteins, antibodies, hormones, and pathogens in biological samples. It plays a critical role in disease diagnostics, including infectious diseases, autoimmune disorders, and cancer biomarkers. ELISA tests use enzyme-substrate reactions to produce measurable color changes, ensuring high specificity and sensitivity. The method is commonly employed in medical research, pharmaceuticals, and food safety testing. The increasing demand for rapid and accurate diagnostic tools is driving advancements in ELISA technology.

List of the Key Players in the Enzyme Linked Immunosorbent Assay Market:

Thermo Fisher Scientific, Inc., American Laboratory Products Company (ALPCO), ZEUS Scientific, Inc., Life Technologies Corporation, Bio-Rad Laboratories, Inc., QuidelOrtho Corporation, Biomerieux S.A., Gemelli Biotech, BD and Enzo Biochem Inc.

Industry Development:

On May 24, 2022, Molecular Devices, LLC. introduced five ready-made workcells for enzyme-linked immunosorbent assay (ELISA) workflows, offering automation solutions from entry-level to advanced. These automated systems enhance walkaway time, increase throughput, and improve reproducibility by reducing labor-intensive, repetitive manual steps, ultimately streamlining research processes.

Market Dynamics:

The rising incidence of infectious diseases is expected to drive the growth of the enzyme-linked immunosorbent assay (ELISA) market. As infections become more prevalent, the demand for ELISA tests in laboratories continues to increase, enabling the detection and measurement of antibodies against diseases such as Lyme disease, brucellosis, syphilis, HIV, and hepatitis. ELISA remains one of the most widely used diagnostic procedures for identifying antibodies, antigens, and other biomarkers linked to infectious illnesses, making it essential for government organizations, diagnostic centers, and laboratories. For instance, in 2022, the CDC received reports of approximately 63,000 Lyme disease cases from state health agencies and the District of Columbia. However, alternative estimation methods suggest that around 476,000 people in the United States are diagnosed and treated for Lyme disease annually, a figure that may include patients treated based on clinical suspicion but who do not have the disease.

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Growth Forecast Projected:

The Global Enzyme Linked Immunosorbent Assay Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Enzyme Linked Immunosorbent Assay Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Enzyme Linked Immunosorbent Assay Market:

By Test Type: Direct ELISA, Indirect ELISA, Sandwich ELISA, Competitive ELISA.

By Product: Kits & Reagents, ELISA Analyzers.

By Application: Drug Discovery, Infectious Diseases, Cancer Detection, Protein Quantification, Others.

By End-user: Hospitals, Academic and Research Institutes, Pharmaceutical & Biotechnology Companies, Diagnostic Laboratories, Others.

Regional Analysis for Enzyme Linked Immunosorbent Assay Market:

The regional analysis of the Enzyme Linked Immunosorbent Assay Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Enzyme Linked Immunosorbent Assay market?

➠ Who are the leading manufacturers in the global Enzyme Linked Immunosorbent Assay industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Enzyme Linked Immunosorbent Assay industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Enzyme Linked Immunosorbent Assay market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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