Kenneth Research recently added a report on ‘Immunoassay Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Immunoassay Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The global Immunoassay Market was valued at USD 16.78 billion in 2016 and is projected to reach USD 32.88 billion by 2025, growing at a CAGR of 7.76% from 2017 to 2025.
An immunoassay is a biochemical test that measures the presence or concentration of a macromolecule or a small molecule in a solution through the use of an antibody or an antigen.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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1. Market Drivers
1.1 Increasing cases of infections and chronic diseases
1.2 Increasing application of immunoassays in oncology studies and treatment
1.3 Technical progress
1.4 Growth in biotechnology and pharmaceutical R&D
2. Market Restraints
2.1 Low assurance of accuracy in results
2.2 Stringent Govt. regulations and Tax excision by US govt. on medical devices
1. Global Immunoassay Market, by Product and Services:
1.1 Reagents & Kits
1.2 By Type
1.2.1 Enzyme-Linked Immunosorbent Assay (ELISA) Reagents and Kits
1.2.2 Rapid Test Reagents and Kits
1.2.3 Western Blot Reagents and Kits
1.2.4 Elispot Reagents and Kits
1.2.5 RIA Reagents and Kits
1.2.6 PCR Reagents and Kits
1.3.1 Purchase Mode
188.8.131.52 Reagent Rental Purchase
184.108.40.206 Outright Purchase
1.3.2 By Type
220.127.116.11 Open-Ended Systems
18.104.22.168 Closed-Ended Systems
1.4 Software and Services
2. Global Immunoassay Market, by Technology:
2.1 Enzyme-Linked Immunosorbent Assay (ELISA)
2.1.1 ELISA Market, By Platform
22.214.171.124 Chemiluminescence Immunoassay (CLIA)
126.96.36.199 Fluorescence Immunoassay (FIA)
188.8.131.52 Colorimetric Immunoassay (CI)
2.1.2 ELISA Market, By Type
184.108.40.206 First Generation
220.127.116.11 Second Generation
18.104.22.168 Third Generation
22.214.171.124 Fourth Generation and Above
2.2 Rapid Tests
2.3 Western Blot
2.5 Radioimmunoassay (RIA)
2.6 Polymerase Chain Reaction (PCR)
3. Global Immunoassay Market, by End User:
3.2 Clinical Laboratories
3.3 Blood Banks
3.4 Research & Academic Laboratories
3.5 Pharmaceutical Companies, Cros, and Biotechnology Companies
3.6 Other End Users
4. Global Immunoassay Market, by Application:
4.1 Infectious Diseases
4.3 Bone and Mineral Disorders
4.6 Hematology and Blood Screening
4.7 Autoimmune Disorders
4.9 Neonatal Screening
4.10 Other Applications
5. Global Immunoassay Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. F. Hoffmann-La Roche Ltd.
2. Beckman Coulter, Inc. (Subsidiary of Danaher Corporation)
3. Bio-Rad Laboratories, Inc.
4. Siemens AG
5. Sysmex Corporation
6. Biomerieux Sa
7. Alere Inc.
8. Becton, Dickinson and Company
9. Ortho Clinical Diagnostics, Inc.
10. Abbott Laboratories, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Immunoassay Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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