Navigating the Future: Immunoassay Market Trends and Forecast Insights, 2025 Edition

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Immunoassay Market Size Growth Forecast: What to Expect by 2025?
The immunoassay market has seen robust growth in the past few years. The market value is projected to increase from $35.81 billion in 2024 to $37.63 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The previous growth has been linked to the prevalence of diseases, an aging population, outbreaks of infectious diseases, point-of-care testing, and an upsurge in research funding.

How Will the Immunoassay Market Size Evolve and Grow by 2029?
In the upcoming years, the immunoassay market is anticipated to witness robust expansion. Forecasts predict it will swell to a market size of $50.12 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.4%. This forecasted growth can be linked to factors such as the rise of personalized medicine, growth in emerging markets, readiness for pandemics, advancements in cancer diagnostics, and the transition towards home-based testing. The prediction period also centers on significant trends like regulatory harmonization initiatives, multipurpose immunoassays, bespoke assay services, merging with wearable devices, and the downsizing of assays.

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What Drivers Are Propelling the Growth of Immunoassay Market Forward?
The projected growth of the immunoassay market can be attributed to the rising instances of infectious and chronic diseases. Chronic illnesses generally extend for a year or longer, demand continual medical attention, and limit daily activities. Infectious diseases, on the other hand, are caused by organisms such as bacteria, viruses, fungi, or parasites, which live on the human body. These diseases can often spread from one person to another. Immunoassay is a tool utilised in diagnosing many such diseases. For instance, research conducted by the National Institutes of Health (NIH), a biomedical research institution based in the US, predicts that by 2023, the population of people aged 50 and above in the US having at least one chronic disease will surge by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Furthermore, the population of people with multimorbidity will increase by 91.16%, from 7.8304 million in 2020 to 14.968 million by 2050. Hence, the augmentation in infectious and chronic diseases is propelling the immunoassay market.

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Which Emerging Trends Are Transforming the Immunoassay Market in 2025?
Product innovation is becoming a crucial trend in the immunoassay market. Big corporations in this market are heavily investing in novel product development to bolster their market standing. For instance, in November 2022, Getein Biotech Inc., a biotechnological firm based in China that specializes in the production, sales, service, and research & development of in vitro diagnostic reagents and tools, unveiled MAGICL 6000 during MEDICA 2022. This device is a state-of-the-art, portable chemiluminescence immunoassay analyzer which is optimal for labs needing a one-step chemiluminescence solution with a medium to high workflow. The equipment is notably compact, remarkably efficient, fully automated, and delivers the fastest testing speed compared to similar-sized devices.

What Are the Key Segments in the Immunoassay Market?
The immunoassay market covered in this report is segmented -

1) By Product: Reagents And Kits, Analyzers Or Instruments, Software And Services
2) By Specimen: Blood, Saliva, Urine, Other Specimens
3) By Application: Therapeutic Drug Monitoring, Oncology, Cardiology, Endocrinology, Infectious Disease Testing, Autoimmune Diseases, Other Applications
4) By End User: Research And Academic Laboratories, Home Care Settings, Pharmaceutical And Biotechnology Companies And CROs, Blood Banks, Hospitals And Clinics, Clinical Laboratories

Subsegments:
1) By Reagents And Kits: ELISA Kits, Rapid Test Kits, Control Reagents, Assay Development Reagents
2) By Analyzers Or Instruments: Automated Analyzers, Point-Of-Care Testing Devices, Microplate Readers, Luminometers
3) By Software And Services: Data Management Software, Analytical Software, Support And Maintenance Services, Consulting Services

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Who Are the Key Players Shaping the Immunoassay Market's Competitive Landscape?
Major companies operating in the immunoassay market include Siemens Healthineers GmbH, bioMérieux, Abbott, Beckman Coulter Inc., Quidel Corporation, Ortho Clinical Diagnostics, Sysmex Corporation, Bio-Rad Laboratories Inc., Becton inson and Company, F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Merck KGaA, Agilent Technologies Inc., PerkinElmer Inc, WAK-Chemie Medical GmbH, J Mitra & Co Pvt Ltd, Kamiya Biomedical Company, Tosoh Corporation, Gyros Protein Technologies AB, BioCheck Inc., Bio-Techn, DiaSorin S.p.A, Meso Scale Diagnostics LLC, QIAGE, Randox Laboratories Ltd., Shenzhen Mindray Bio-Medical Electronics Co Ltd, Danaher Corporation, Hologic Inc., Tecan Trading AG, Eurofins Scientific, Abcam plc, Enzo Biochem Inc., Luminex Corporation, Quanterix Corporation, Roche Diagnostics, ZEUS Scientific Inc.

What Geographic Markets Are Powering Growth in the Immunoassay Market?
North America was the largest region in the immunoassay market in 2024. Asia-Pacific is expected to be the fastest-growing region in the immunoassay market report during the forecast period. The regions covered in the immunoassay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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