2025-2034 Immunoassay Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Immunoassay Market Through 2025?
In the past few years, the size of the immunoassay market has seen consistent growth. Its expansion is expected to continue, rising from $35.81 billion in 2024 to $37.32 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%. Factors contributing to this growth during the historical period include the prevalence of disease, an aging population, outbreaks of infectious diseases, the rise of point-of-care testing, and increased funding for research.

What's the Projected Size of the Global Immunoassay Market by 2029?
The size of the immunoassay market is projected to experience significant expansion in the upcoming years, rising to a market value of $49.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.3%. This growth during the forecast period is expected due to factors such as the advancements in personalized medicine, market expansion in emerging economies, readiness for pandemics, advancements in cancer diagnostics, and a transition towards home-based testing. Key trends that can be seen during this forecast period include efforts towards regulatory harmonization, multi-functional immunoassays, tailored assay services, the integration of assays with wearable tech, and the downsizing of assays.

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Top Growth Drivers in the Immunoassay Industry: What's Accelerating the Market?
The surge in infectious and chronic diseases is anticipated to boost the immunoassay market's expansion in the future. Chronic diseases are typically long-term conditions that require ongoing medical attention, limit daily activities, or both. Infectious diseases, on the other hand, are caused by organisms such as bacteria, viruses, fungi, or parasites, many of which are found on the human body. They can often be passed from one person to another. Immunoassay techniques are utilized to identify many of these infectious and chronic conditions. For example, the US-based biomedical research agency, the National Institutes of Health (NIH), reported in 2023 that the number of people aged 50 and older suffering from at least one chronic disease is expected to surge by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Also, the number of people with multiple diseases is projected to increase by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Hence, the rising prevalence of infectious and chronic diseases is propelling the market.

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Which Emerging Trends Are Transforming the Immunoassay Market in 2025?
The immunoassay market is seeing a significant trend towards product innovation. Top-tier companies in the field are concentrating on the development of novel products to cement their place in this market. For instance, in November 2022, Getein Biotech Inc., a biotech firm from China known for its work in the manufacture, sales, support, and R&D of in vitro diagnostic reagents and tools, introduced MAGICL 6000 at MEDICA 2022. MAGICL 6000, a state-of-the-art portable chemiluminescence immunoassay analyzer, is an optimal choice for laboratories needing a one-step chemiluminescence solution with medium to high workload demands. Despite its small size, the machine is highly efficient and fully automated. It has the fastest evaluation rate compared to any other equipment of its kind.

What Are the Main 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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Which Top Companies are Driving Growth in the Immunoassay Market?
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 Dickinson 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.

Which Regions Will Dominate the Immunoassay Market Through 2029?
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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