The Europe Immunoassays Market was worth $ 4.27 Billion in 2016 and estimated to reach $ 6.82 Billion by the end of 2021 with a growing potential of 9.82 %. Europe expected to show a reasonable growth owing growing applications of immune assays in diagnosting drug testing for various diseases.
Immunoassay is a biochemical test to measure the presence and concentration of an macromolecule. The macro molecule can be large proteins or antibodies that a person has produced as a result of an invasion of foreign matter.
These assays are more adaptable and can be applied to various formats reliant on the needs of the end user. The principle constitute of an immunoassay is designed to detect a specific antigen, such as nucleoprotein, are the antibodies that have been selected precisely to ensure the identification of the antigen at low concentration with high specificity, meaning will not react with similar analytes.
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Europe immunoassays market is mainly driven by rising prevalence of infectious diseases, increasing ageing population, advancements in novel assays in various diseases such as Cardiology and oncology, growing applications in diagnosing drug monitoring tests, infectious diseases and identification of cancer biomarkers, increasing need of reagents, sensitive assays and analytical techniques, availability of wide range of reagents, introduction of novel biomarkers, growing government and corporate investment in the pharmaceutical and biotechnology segment in emerging markets. Lack of reimbursement policies, adoption of immunoassays in emerging markets, stringent regulations for storage are hindering the growth of the market.
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Based on Technology, the market is segmented into Enzyme Immunoassay, Fluorescent Immunoassays, Cheniluminescence Immunoassays, Nephelometric Immunoassays, Radio Immunoassays, Counting Immunoassays, Turbidimetric Immunoassays, and Others. Based on Application, the market is segmented into oncology, Cancer, Hematology, Cardiology, Thyroid, Infectious diseases, Allergies and others.
Based on End users, the market is segmented into Hospitals, clinics, Academic Research institute, Pharmaceutical and Biotech vendors, Laboratories and others. Based on Geography, the Europe Immunoassays market is analysed under various regions namely U.K, Germany, France, Italy and Spain.
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Some of the major players influencing the Europe Immnoassays market are Roche Diagnostics, DiaSorin S.p.A, Beckman Coulter, Siemens Healthcare, Ortho Clinical Diagnostics, bioMerieux, Thermo Fisher Scientific and Abbott Laboratories, Akers Biosciences, Inc, Becton Dickinson and Company, Devon Medical Products, EDP Biotech Corporation, Hologic (Gen-Probe), Intrinsic LifeSciences.
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