Immunoassay Market Latest Insights, Growth Rate, Future Trends and Forecast 2029.
Immunoassay Market Overview:
The Immunoassay market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global Immunoassay Market growth. The data points presented above are only relevant to the firms' emphasis on the Immunoassay market.
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Immunoassay Market Scope:
This Immunoassay market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Immunoassay market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Immunoassay Market is expected to grow at a CAGR of 6.50% during the forecast period. Global Immunoassay Market is expected to reach US$ 47.11 Bn. by 2029.
Immunoassay Market Segmentation:
Radioimmunoassays have wide applications in cancer detection, blood screening for hepatitis, diagnosis of ulcers, and narcotics detection. These assays are capable of the quantification of very small concentrations of antigens from small volumes of samples with the help of radioisotopes, such as iodine-125 and iodine-131. The growth in this immunoassay market is primarily driven by the increasing prevalence of cancer across the globe and the resultant increase in suitable diagnostic technologies. However, these assays are relatively high-cost assays and have potential health hazards owing to the use of radioactive antigens. This, along with additional expenses towards maintaining radiation safety and disposal protocols limit their wide-scale use. Owing to these, radioimmunoassay is increasingly being replaced by EIAs and CLIAs, which is expected to hamper the growth of the radioimmunoassay market over the coming years.
Endocrine disorders have shown significant growth in recent years. Healthcare providers have started using immunoassay machines for the same. The endocrinology segment is expected to grow at a CAGR of 6.5% by 2029. Endocrinology tests have a wide range of applications, which include immunoassay analyzer testing, anti-TSH receptors testing, fertility testing, and women’s health testing. Such widespread applications are helping the segment expand at a faster pace, thereby growing the market.
Immunoassay Market Key Players: The following are the key players of the Immunoassay market-
• Roche Diagnostics • Danaher Corporation • Ortho Clinical Diagnostics • Sysmex Corporation • Thermo Fisher Scientific, Inc. • Quidel Corporation • Agilent Technologies • PerkinElmer
Regional Analysis:
The region portion of the research also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies are only a few of the indicators utilized to anticipate the market scenario for different nations.
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COVID-19 Impact Analysis on Immunoassay Market:
The report also discusses how COVID-19 affected the Immunoassay market. The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, significant trends, and the problems that the industry is experiencing across key regions. The research details the overall impact of COVID-19 on the Immunoassay Market by providing a micro and macroeconomic analysis. The precise study focuses on market share and size, which clearly depicts the impact that the pandemic has had and is anticipated to have on the global Immunoassay Market in the future years.
Key Questions Answered in the Immunoassay Market Report are:
- What will be the CAGR of the Immunoassay market during the forecast period (2022-2029)?
- Which segment emerged as the leading segment in the Immunoassay market?
- Which are the prominent players in the Immunoassay market?
- What key trends are likely to emerge in the Immunoassay market in the forecast period?
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