Industrial, Manufacturing & Heavy Industry Market News

Report explores the immunoassay market

Industrial & Manufacturing

Immunoassays market expected to reach USD 27.15 billion by 2023 from USD 20.19 billion in 2018, at a CAGR of 6.1%. Increasing incidence of chronic & infectious diseases, technological advancements in immunoassay instruments & introduction of novel automated systems, growth in biotechnology & biopharmaceutical industries, increasing adoption of immunoassay-based point-of-care testing & rapid testing, & vital role of immunoassays in drug, alcohol testing are major factors driving growth of market.

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Key players in immunoassays market include DiaSorin (Italy), Siemens (Germany), bio Mérieux (France), Abbott Laboratories (US), Roche (Switzerland), Sysmex Corporation (Japan), Danaher Corporation (US), Ortho Clinical Diagnostics (US), Thermo Fisher Scientific (US), QIAGEN (Netherlands), Becton, Dickinson and Company (US), Bio-Rad Laboratories (US), Merck (Germany), Agilent Technologies (US), Quidel Corporation (US), Bio-Techne Corporation (US), PerkinElmer (US), and Mindray (China).

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type - Tier 1 – 60%, Tier 2 – 20% and Tier 3 – 20%
  • By Designation – C-level – 40%, Director-level – 20%, Others – 40%
  • By Region – North America –50%, Europe – 20%, Asia Pacific– 30%

The immunoassays market is segmented into hospitals, clinical laboratories, blood banks, research and academic laboratories, pharmaceutical and biotechnology companies & contract research organizations (CROs), and other end users. The hospitals segment is expected to grow at highest CAGR during forecast period.

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Immunoassays are widely used by hospitals and hospitals-attached laboratories for diagnosis of infectious diseases, which is key factor driving growth of this end-user segment.

 More Information on Immunoassay Market Top Trends and Company Profiles at .

The immunoassays market in the Asia Pacific region is expected to register highest CAGR during the forecast period. Growth in this region can be attributed to the demand for better healthcare services, increasing incidence of chronic and infectious diseases, rapid development in healthcare infrastructure of developing countries such as India, China, and South Korea, growing healthcare research investments in this region, and increasing per capita income of the middle-class population in the region.

Target Audience for this Report:

  • Manufacturers and vendors of immunoassay instruments and consumables
  • In Vitro Diagnostic (IVD) product manufacturers
  • Pharmaceutical and biopharmaceutical players
  • Diagnostic associations
  • Research associations involved in infectious and chronic diseases research
  • Various research and consulting firms
  • Distributors of immunoassays instruments and consumables
  • Contract research manufacturers of immunoassays
  • Healthcare institutions

In Immunoassay market top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of dependent submarkets. The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation by product & service, technology, platform, specimen type, application, end user, and region) through percentage splits from secondary and primary research.

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Major industry players adopted product launches and partnerships, collaborations, & agreements to maintain and improve their position in the immunoassays market. Roche (Switzerland), Abbott Laboratories (US), Siemens (Germany), and Danaher Corporation (US) have been identified as key players in this market.

Immunoassay Market with Application

  • Infectious Diseases
  • Endocrinology
  • Oncology
  • Bone & Mineral Disorders
  • Cardiology
  • Hematology & Blood Screening
  • Autoimmune Disorders
  • Toxicology
  • Neonatal Screening

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