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Immunoassays Market Size 2020, Share, Global Industry Growth, Business Statistics, Top Leaders, Competitive Landscape, Forecast to 2024

Immunoassays

Immunoassays Market” report presents a comprehensive overview, market shares, and growth opportunities of the Immunoassays market by product type, application, key companies, and key regions. It comprehensively prepared with the main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It offers a detailed analysis of the competition and leading companies of the global Immunoassays market. It concentrates on the recent developments, sales, market value, production, gross margin, and other important factors of the business of top players operating in the global Immunoassays market.

Market Overview:

  • The immunoassays market is expected to register a CAGR of 9.7%, over the forecast period. Factors that are responsible for the growth of this market include cost-effectiveness, growth in the biotechnology and pharmaceutical sectors, and high sensitivity and specificity of immunoassays.
  • Compared to conventional tests, immunoassays have been proven to provide highly accurate results even with very small samples. These immunoassays are considered to have a detection limit of 1pg/ml, which can be attributed to the fact that immunoassays are based entirely on immunologic reactions. Immunologic reactions are highly specific, as they can take place only in the presence of proper immunologic agents. For instance, an antibody against a viral protein cannot bind with an antigen that is derived from bacteria. This high specificity indicates high accuracy in results, which enable high sensitivity in the detection of diseases. This high sensitivity not only helps in easy detection, but also eliminates the need for secondary verifications, which ultimately saves a lot of costs. Thus, the high sensitivity, specificity, and cost-saving nature of immunoassays are driving the growth of the immunoassays market. However, factors, such as complex assay procedures and limitations associated with immunoassays, may hinder the market growth.

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    Scope of the Report:

    Immunoassays are bioanalytical methods, in which the quantitation of the analyte depends on the reaction of an antigen (analyte) and an antibody.

    Top Manufacturers Are:

  • Abbott Laboratories Inc.
  • Becton Dickinson and Company
  • Danaher Corporation
  • Devon Medical Products
  • EDP Biotech Corporation
  • Hologic Inc.
  • Luminex Corporation
  • Meridian Life Science Inc.
  • Qiagen NV

    Key Market Trends:

    Infectious Disease Segment, under Application, is Expected to Lead the Market

    Immunoassays for infectious disease are expected to lead the market, and continue the same during the forecast period. This can be mainly attributed to the upsurge in the prevalence of infectious diseases, such as Lyme disease, salmonella infections, tuberculosis (TB), and meningococcal ailments cases. For instance, according to the Centers for Disease Control and Prevention (CDC), one-fourth of the world’s population is infected with TB. In 2017, there were approximately 10 million people, around the world, who were infected with TB, and 1.3 million deaths occurred due to TB, across the world. Therefore, utilization of immunoassays may help in detecting these diseases, which is anticipated to increase the market growth.

    North America Dominates the Market and is Expected to do Same during the Forecast Period

    Currently, North America dominates the market for immunoassays, and is expected to continue its stronghold for a few more years. In the North American region, the United States holds the largest market share. This can be majorly attributed to the increasing incidence rates of chronic disorders, infectious diseases, increasing number of geriatric population, as well as due to the well-developed healthcare infrastructure and increasing penetration of medical devices in the region. Moreover, high expenditure on R&D by government organizations and pharmaceutical companies, for disorders and diseases, such as chronic ailments and diabetes, are some of the primary factors driving the regional market.

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    What Immunoassays Market Research Offers:

    • Immunoassays market gives evaluations for the regional level analysis with Production, Sales, Consumption, Imports, and Exports
    • Immunoassays market forecasts for a minimum of 5 years of all the mentioned segments
    • Supply chain trends mapping the latest industrial advancements
    • Global Immunoassays industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
    • Calculated for the new entrants in the Immunoassays market
    • Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
    • Immunoassays market provides manufacturers with basic information, product category, sales revenue, price, and gross margin
    • Provide Company profiling with detailed strategies, financials, and recent developments

    And many more…

    Detailed TOC of Immunoassays Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 High Sensitivity and Specificity of Immunoassays
    4.2.2 Cost Effectiveness
    4.2.3 Growth in the Biotechnology and Pharmaceutical Sectors
    4.3 Market Restraints
    4.3.1 Complex Assay Procedures
    4.3.2 Limitations Associated with Immunoassays
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Technology
    5.1.1 Enzyme Immunoassay
    5.1.2 Fluorescence Immunoassay
    5.1.3 Chemiluminescence Immunoassay
    5.1.4 Radioimmunoassay
    5.1.5 Nephelometric Immunoassay
    5.1.6 Other Technologies
    5.2 By Therapeutic Area
    5.2.1 Cardiology
    5.2.2 Thyroid
    5.2.3 Autoimmune Disease
    5.2.4 Oncology
    5.2.5 Infectious Disease
    5.2.6 Hematology
    5.2.7 Allergy
    5.2.8 Other Therapeutic Areas
    5.3 By End User
    5.3.1 Hospital and Centralized Laboratories
    5.3.2 Pharma and Biotech Firm
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories Inc.
    6.1.2 Becton Dickinson and Company
    6.1.3 Danaher Corporation
    6.1.4 Devon Medical Products
    6.1.5 EDP Biotech Corporation
    6.1.6 Hologic Inc.
    6.1.7 Luminex Corporation
    6.1.8 Meridian Life Science Inc.
    6.1.9 Qiagen NV

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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