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Immunodiagnostics Market: Major Trends Reshaping the Future of the Industry
Immunodiagnostics Market
What Will the Immunodiagnostics Industry Market Size Be by 2025?
The scale of the immunodiagnostics market has demonstrated notable growth in the past few years. The market is projected to expand from a size of $22.88 billion in 2024 to $24.54 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the historical phase include the escalating prevalence of infectious diseases, the rising incidence of autoimmune diseases, the increasing need for cancer diagnosis and monitoring, the worldwide spread of infectious diseases, public health interventions, and disease screening initiatives.
What's the Long-Term Growth Forecast for the Immunodiagnostics Market Size Through 2029?
Expectations are high for robust expansion in the immunodiagnostics market over the coming years. The market is predicted to reach $33.14 billion in 2029, underscored by a compound annual growth rate (CAGR) of 7.8%. Factors driving this anticipated growth include readiness for pandemics, the emergence of personalized medicine, biomarker discovery, and the improved healthcare infrastructure in developing markets. The integration with laboratory information systems and an increasing prevalence of chronic diseases also contribute. Key trends for the forecast period encompass multiplexing technologies, point-of-care testing (POCT), biomarker discovery with personalized medicine solutions, the advent of digital immunodiagnostics, and the evolving preference towards liquid biopsy.
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What Are the Key Growth Drivers Fueling the Immunodiagnostics Market Expansion?
The escalating occurrence of communicable diseases is predicted to propel the growth of the immunodiagnostics market. Communicable diseases are conditions communicable from person to person and are caused by harmful microbes such as viruses, bacteria, fungi or parasites. An immunodiagnostic test is utilized to discover a virus in a blood specimen. For example, in March 2024, the Centers for Disease Control and Prevention, a US governmental entity, reported that tuberculosis cases surged from 8,320 cases in 2022 to 9,615 cases in 2023, which means an uptick of 1,295 cases. Therefore, the escalating occurrence of communicable diseases is anticipated to stimulate the growth of the immunodiagnostics market.
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What Are the Key Trends Driving Immunodiagnostics Market Growth?
Companies in the immunodiagnostics market are launching assays to detect Streptococcus pneumoniae. In September 2024, Italy-based DiaSorin S.p.A. released the LIAISON S. pneumoniae antigen immunodiagnostic assay for rapid urine-based testing. Operating on LIAISON CLIA analyzers, it delivers results in 35 minutes and identifies 91 serotypes, enabling targeted antibiotic treatment for pneumococcal pneumonia.
How Is the Immunodiagnostics Market Segmented?
The immunodiagnostics market covered in this report is segmented -
1) By Product: Reagents And Consumables, Instruments, Software And Services
2) By Technology: Enzyme-Linked Immunosorbent Assay, Chemiluminescence Immunoassay, Fluorescent Immunoassay, Radioimmunoassay, Rapid Test, Other Technologies
3) By Application: Infectious Diseases, Oncology And Endocrinology, Bone And Mineral Diseases, Autoimmunity Disorders, Cardiac Biomarkers, Drug Monitoring, Other Applications
4) By End User: Hospitals, Clinics, Diagnostic Laboratories, Academic And Research Institutes, Other End Users
Subsegments:
1) By Reagents And Consumables: Antibodies, Assay Kits, Buffers And Substrates
2) By Instruments: Immunoassay Analyzers, Flow Cytometers, ELISA Readers
3) By Software And Services: Laboratory Information Management Systems (LIMS), Data Analysis Software, Maintenance And Support Services
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Which Companies Are Leading the Charge in Immunodiagnostics Market Innovation?
Major companies operating in the immunodiagnostics market include Abbott Laboratories, Arkray Inc., bioMérieux Inc., Immunodiagnostic Systems Holdings Plc (IDS), Bio-Rad Laboratories Inc., DiaSorin S.p.A., F. Hoffmann-La Roche Ltd., Johnson & Johnson Services Inc., Siemens AG, Sysmex Corporation, Thermo Fisher Scientific Inc., Danaher Corporation, Qiagen N.V., Tecan Trading AG, PerkinElmer Inc., Merck KGaA, Becton Dickinson and Company, Grifols S.A., Ortho Clinical Diagnostics, Beckman Coulter Inc., Bio-Techne Corporation, Creative Diagnostics, Fujirebio Holdings Inc., Gold Standard Diagnostics Corp., Hologic Inc., Luminex Corporation, Myriad Genetics Inc., Natera Inc., OraSure Technologies Inc., Quidel Corporation
Which Regions Are Leading the Global Immunodiagnostics Market in Revenue?
North America was the largest region in the immunodiagnostics market in 2024. The regions covered in the immunodiagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Key Companies Operating in this Market
Ortho-Clinical Diagnostics
Immunodiagnostic Systems (IDS)
Abbott…
