Immunoassay

Global Immunoassay Market Size, Share & Trends Analysis Report by Product (Analyzer and Consumable), by Technology (Radioimmunoassay, Counting Immunoassay, Enzyme Immunoassays, Fluoroimmunoassay, and Chemiluminescence immunoassay) and Forecast, 2019 – 2025Global immunoassay market is estimated to grow with a substantial rate during the forecast period. Immunoassay is a biochemical test that is being used for finding the presence of macro-level molecules in the biological solution. The immunoassays are being used in hospitals, pharmaceutical companies, and research institutes. Immunoassays provide bioanalytic support for drug discovery, therapeutic drug monitoring, and clinical pharmacokinetics. A growing number of infectious and chronic diseases, technological advancement in the biotechnology industry and the growing geriatric population are some of the major factors supporting the growth rate of the global immunoassay market. A growing number of infectious and chronic diseases is rising the demand for research activities, improved drug developments, and personalized medicines.
Along with these driving factors, the market is being impacted by restraints as well. Unfavorable reimbursement policies and rising complexities for diagnosis procedure are major challenges hampering the market growth. Despite the challenges, the global immunoassay market is estimated to grow substantially due to increasing healthcare investments in emerging economies in order to enhance the strength of the biotechnological industry. Government initiatives are projected to augment the adoption of biotechnology research centers which as a result will drive the market during the forecast period. Global immunoassay market is segmented on the basis of product into the analyzer and consumable.
Geographically, the global immunoassay market is analyzed into four regions including North America, Europe, Asia-Pacific and Rest of the World. North America is leading the market due to the established healthcare industry and substantial progress in biotechnology research in recent years. Asia-Pacific is reported to have substantial growth in the global immunoassay market. Asia-Pacific accounts to have a significant growth due to the increasing geriatric population. In addition, government investments in the healthcare industry of the emerging economies of the region have increased at a considerable level which further contributes to the market growth in the region. Europe holds a significant share of the global immunoassay market.
The market is composed of various major market players. Stiff competition among major market players is posing several challenges to the emerging healthcare service providers. Market players are investing substantially in (research & development engineering) RDE activities. Major market players of the global immunoassay market are Siemens AG, Abbott Laboratories, Inc., Thermo Fisher Scientific, Inc., bioMérieux, Inc., DiaSorin S.p.A., F. Hoffmann-La Roche Ltd., Danaher Corp., PerkinElmer, Inc., and others. Merger and acquisition remain one of the key strategies for market players in order to expand the client base. Market players are strategically expanding the operational capabilities in emerging markets of Asia-Pacific.
Research Methodology
The market study of the global Immunoassay market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
• Financial reports of companies involved in the market
• Authentic Public Databases such as the WHO and American Cancer Society.
• Whitepapers, research-papers and news blogs
• Company websites and product catalog.
The report is intended for biotechnology companies, research organizations, companies working on advanced technology, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
1. Global Immunoassay Market Research and Analysis by Product
2. Global Immunoassay Market Research and Analysis by Technology
The Report Covers:
• Comprehensive research methodology of the global immunoassay market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global immunoassay market.
• Insights about market determinants which are stimulating the global immunoassay market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.