USD 29.72 billion
Report ID: SQMIG35H2054 | Region: Global | Published Date: July, 2023 | Pages: 242 | Tables: 164 | Figures: 78
Immunoassay Market size was valued at USD 29.72 billion in 2021 and is poised to grow from USD 30.02 billion in 2022 to USD 45.1 billion by 2030, growing at a CAGR of 5.32% in the forecast period (2023-2030).
Immunoassay is a bioanalytical technique that uses antigen-antibody affinity to differentiate and measure molecules of interest in biological samples. Immunoassays are laboratory procedures that can identify particular compounds quickly and precisely. Increased R&D efforts, as well as an increase in disease diagnostics, cancer markers, cardiac analysis, therapeutic medication monitoring, and clinical research techniques, are likely to boost market growth. In hospitals and medical laboratories, immunoassays can be used to perform automated biochemical exams to detect the presence and concentration of certain compounds in samples. Immunoassays' roles in numerous bioanalytical applications such as medical diagnostics, environmental monitoring, biopharmaceutical analysis, and food testing are driving market expansion.
US Immunoassay Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 29.72 billion
Reagents and kits
Reagents and kits
To get more reports on the above market click here to Buy The Report
Global Immunoassay market is segmented based on product type, technology, specimen, application, end user, region. Based on the product type, the Immunoassay Market is segmented into Reagents & Kits (ELISA Reagents & Kits, Rapid Test Reagent & Kits, ELISpot Reagent & Kits, Western Blot Reagent & Kits, Other Reagent & Kits) Analyzers (Type (Open-ended Systems, Closed-ended Systems), (Purchase Mode (Rental Purchase, Outright Purchase)). Based on technology, the Immunoassay Market is segmented into ELISA, Rapid Tests, ELISpot, Western Blotting, Radioimmunoassays, and Other Technologies. Based on the specimen, the Immunoassay Market is segmented into blood, saliva, urine, other specimens. Based on application, the Immunoassay Market is segmented into infectious diseases, endocrinology, oncology, bone & mineral disorders, cardiology, blood screening, autoimmune disorders, allergy diagnostics, toxicology, newborn screening, other applications. Based on the end user, the Immunoassay Market is segmented into hospitals & clinics, clinical laboratories, pharmaceutical & biotechnology companies and CROS, blood banks, research & academic laboratories, home care settings. Based on the region Immunoassay Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Immunoassay Market Analysis by Technology
In 2022, the EIA/ELISA category dominated the immunoassay market. The advantages of this approach over immune-electrophoresis and immunodiffusion are shorter testing times, quantitative results, and the use of less antisera for analysis. A rapid test, also known as a lateral flow immunoassay, detects the presence of a target analyte without the use of specialist equipment. The quick test technique has a variety of applications, including dengue and Legionella, Salmonella, Campylobacter, Zika, and Listeria diseases. Furthermore, monoclonal antibodies are used specifically for Immunoglobulin G (IgG), Immunoglobulin M (IgM), Immunoglobulin A (IgA), and Immunoglobulin (IgD) for precise identification of target analyte.
To get detailed analysis on other segments, Request For Sample Report
In 2022, North America is expected to have the biggest share of the market. North America is expected to hold the highest share of the market and will continue to do so during the forecast period due to rising demand for technologically advanced products. Furthermore, increased R&D grants from the government and business health care organisations are advancing technology and supporting industry expansion. However, the Asia Pacific immunoassay market is predicted to grow at the fastest rate due to an increase in the incidence of infectious diseases, higher biotechnological research efforts, and an increase in the region's healthcare expenditure. During the projected period, Latin America, the Middle East, and Africa are expected to increase.
Further, due to presence of huge geriatric population and high frequency of infectious diseases, Asia Pacific is anticipated to increase at the fastest rate during the projection period. One of the reasons propelling the market in the area is the expanding usage of cutting-edge laboratory techniques and processes for quicker investigation and diagnosis of infectious and chronic illnesses. In addition, the development of molecular kits and the rise in demand for diagnostic reagents are major market drivers.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Immunoassay Market Driver
Immunoassay Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Immunoassay Market Top Player’s Company Profiles
Immunoassay Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Global Immunoassay market is segmented based on product type, technology, specimen, application, end user, region. Based on the product type, Reagents & Kits held the most significant market share. Based on the specimen, blood held the most significant market share. Based on application, infectious diseases held the most significant market share. Based on the end user, hospitals & clinics held the most significant market share. Based on the region, North America held the most significant market share.
|Market size value in 2021||USD 29.72 billion|
|Market size value in 2030||USD 45.1 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Immunoassay Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Immunoassay Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Immunoassay Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Immunoassay Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.