Immunoassay Market Trend Analysis 2019 by Top Industry Players, Global Opportunity, Size, Technology and Trend Forecast 2023
Apr 3, 2019
Immunoassay Market Professional Analysis By Product & Service (Analyzers and Others), By Type (Radioimmunoassay and Others), by Application (Endocrinology and Others) — Global Forecast till 2023
Pune, India - April 3, 2019 /MarketersMedia/ —
Immunoassay Market Overview
Immunoassay uses a small antibody or an antigen to determine the presence of a small molecule in a solution. The detected molecule is called an analyte, and it happens to be protein in many cases. Mostly collected from serums or urine, these analytes are analyzed for the various medical and research purposes. Often the process requires a calibrator for a better analysis.
The Global Immunoassay Market, as reported in the latest study of the market by Market Research Future (MRFR), is expecting a growth by 8.5% CAGR during the forecast period (2017-2023). A substantial market valuation will be achieved by the end of 2023 by the market if this remains the growth rate of the market in the coming years
However, stringent FDA regulations, lack of specificity, the complex procedure of testing, and poor healthcare system in low- and middle-income countries may hamper the growth of the market. Immunoassay is widely used in significant areas of pharmaceutical analysis which include diagnosis of diseases and in therapeutic drug monitoring.
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Industry Segmentation
The global immunoassay market is segmented on the basis of product and service, type, and end-user.
On the basis of product and service, the market is classified as reagents and kits, analyzers, and software and services. The reagents and kits segment is classified as Enzyme-Linked Immunosorbent Assay (ELISA) reagents and kits, rapid test reagents and kits, western blot reagents and kits, elispot reagents and kits, RIA reagents and kits, and PCR reagents and kits. The analyzers segment is classified as portable analyzers and benchtop analyzers.
On the basis of type, the market is classified as Radioimmunoassay (RIA), Counting Immunoassay (CIA), Enzyme Immunoassays (EIA) or Enzyme-Linked Immunosorbent Assays (ELISA), Fluoroimmunoassay (FIA), and Chemiluminescence Immunoassay (CLIA).
On the basis of application, the market is classified as infectious diseases, oncology, autoimmune disorders, toxicology, neonatal screening, cardiology, hematology and blood screening, bone and mineral disorders, and others.
On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic laboratories, research and academic laboratories, pharmaceutical companies, biotechnology companies, and others.
Competitive Analysis by Major Key Players
Some of key the players in the global immunoassay treatment market are Beckman Coulter, Inc., Abbott Laboratories, Radiometer, Alere, Arlington Scientific, Bio-Rad Laboratories, BioMerieux, Inc., DiaSorin, Diamedix, Dynex Technologies, Fujirebio US, Gold Standard Diagnostics, Hycor Biomedical, Inova Diagnostics, Ortho-Clinical Diagnostics, Randox Toxicology, F. Hoffmann-La Roche Ltd., Siemens Healthineers, ThermoFisher Scientific, TOSOH Bioscience, Wako Diagnostics, Shenzhen New Industries Biomedical Engineering Co., Ltd., Sysmex Corporation, and others.
Intended Audience
Pharmaceutical Companies
Medical Device Companies
Research and Development (R&D) Companies
Diagnostic Laboratories
Government Research Institute
Academic Institutes and Universities
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Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
…Continued
Comprehensive Regional Analysis
MRFR segments regionally the immunoassay market for their report based on the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
Parasitic diseases and infectious diseases are one of the major tractions that are assisting the Americas’ immunoassay market in its expansion. Healthcare sector is including the testing technique as a part of their regular diagnosis strategy to make the treatment more efficient and effective. This widespread inclusion of the technology is guaranteeing the regional market’s prospect.
Europe is set to experience high growth during the forecast period owing to initiatives taken by governments and private investors to provide a substantial market scope for growth. Technological brilliance and presence of major market players can also be considered pivotal factors.
The APAC market’s emergence as a better destination for market expansion strategies is playing well for the regional market. The regional healthcare development in India, China, Singapore, and other countries are creating many opportunities for the market to develop new strategies.
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In 2018, researchers from the Wyss Institute for Biologically Inspired Engineering at Harvard University and Brigham and Women's Hospital (BWH) developed a new method that can detect small molecules with 50 times greater sensitivity. The process includes a competitive immunoassay technique to find better results.
Growing biotechnology and pharmaceutical sectors, across the globe, is all set to provide stimulants for the market growth. Oncology department is also gaining much benefits from its use and concerns regarding the prevalence of cancer can be considered a serious factor. Government initiatives and supportive regulatory framework can also be considered of significant importance. But the complex procedure of the test and lack of specificity in the results can be a market deterrent.
Immunoassay is widely used in significant areas of pharmaceutical analysis which include diagnosis of diseases and in therapeutic drug monitoring.
About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Mr. Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/immunoassay-market-5841
Source: MarketersMedia
Release ID: 498376
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