Dublin, Sept. 19, 2019 (GLOBE NEWSWIRE) -- The "Immunoassay Market to 2027 - Global Analysis and Forecasts by Product; Technology; Application; End User and Geography" report has been added to ResearchAndMarkets.com's offering.
The global immunoassay market is expected to reach US$ 37,987.8 Mn in 2027 from US$ 21,800 in 2018. The market is estimated to grow with a CAGR of 6.5% from 2019-2027.
The market for immunoassay is expected to grow, owing to factors such as rising incidences of chronic and infectious diseases, technological advancements in immunoassay devices, and growing biotechnology & biopharmaceutical industries have been boosting the market over the years. However, the stringent regulatory requirements for immunoassay devices are likely to have a negative impact on the growth of the market in the coming years.
Immunoassay is used to measure the concentration of small molecules such as lipids, protein, nucleic acids, etc. in solutions using antigen-antibody reactions. It is majorly used to detect several infectious disorders like dengue, hepatitis, human immunodeficiency virus (HIV). Increasing incidences of infectious diseases such as HIV is the primary global public health issue. In 2018, the World Health Organization (WHO) having claimed that more than 32 million HIV people are diagnosed, out of which 770,000 people died. At the end of 2018, around 1.7 million people were reported to be newly infected globally, including 62% of adults and 54% of children.
According to the HIV and AIDS organization (AVERT), in 2018, 1.1 million U.S. residents were infected with HIV, whereas APAC registered 5.2 million HIV-infected population. According to the European CDC, ~2 million people in Europe were infected with HIV in 2018. Such an increase in the incidence of chronic and infectious diseases is expected to create a demand for immunoassay tests around the world.
Global immunoassay market is segmented by product, technology, application, end user. On the basis of product, the market is segmented reagents & kits, analyzers & instruments, software & services. On the basis of technology, it is segmented into enzyme-linked immunosorbent assays (ELISA), fluorescence, chemiluminescence, rapid test, western blot, enzyme-linked immune absorbent spot (ELISPOT), polymerase chain reaction (PCR). On the basis of application, the immunoassay market is further segmented into therapeutic drug monitoring, oncology, cardiology, endocrinology, infectious disease testing, autoimmune diseases, others. Based on end user the market is segmented into hospitals, blood banks, clinical laboratories, pharmaceutical and biotech companies, academic research centers, others.
Some of the major primary and secondary sources included in the report are, Food and Drug Administration, World Health Organization, HIV and AIDS organization (AVERT), Center for Disease Control and Prevention (CDC), National Center for Health Statistics, American Heart Association, European Union (E.U.). and others.
Key Topics Covered
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Immunoassay Market - By Product
1.3.2 Global Immunoassay Market - By Technology
1.3.3 Global Immunoassay Market - By Application
1.3.4 Global Immunoassay Market - By End User
1.3.5 Global Immunoassay Market - By Geography
2. Global Immunoassay Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Immunoassay Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South & Central America PEST Analysis
5. Global Immunoassay Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Incidences of Chronic and Infectious Diseases
5.1.2 Technological Advancements in Immunoassay Devices
5.1.3 Growing Biotechnology & Biopharmaceutical Industries
5.2 Key Market Restraints
5.2.1 Stringent Regulatory Requirements for Immunoassay Devices
5.3 Key Market Opportunities
5.3.1 Development Opportunities in Emerging Countries
5.4 Future Trends
5.4.1 Increasing Acceptance of Immunoassay-Based Point-Of-Care Testing
5.5 Impact Analysis
6. Immunoassay Market - Global Analysis
6.1 Global Immunoassay Market Revenue Forecasts And Analysis
6.2 Global Immunoassay Market, By Geography - Forecasts And Analysis
6.3 Performance of Key Players
7. Global Immunoassay Market Analysis - by Product
7.1 Overview
7.2 Global Immunoassay Market, By Product 2018 & 2027 (%)
7.3 Reagents & Kits Market
7.4 Analyzers & Instruments Market
7.5 Software & Services Market
8. Global Immunoassay Market Analysis - by Technology
8.1 Overview
8.2 Global Immunoassay Market, By Technology 2018 & 2027 (%)
8.3 Enzyme-Linked Immunosorbent Assays (ELISA) Market
8.4 Fluorescence Market
8.5 Chemiluminescence Market
8.6 Rapid Test Market
8.7 Western Blot Market
8.8 Enzyme-Linked Immune Absorbent Spot (ELISPOT) Market
8.9 Polymerase Chain Reaction (PCR) Market
9. Global Immunoassay Market Analysis - by Application
9.1 Overview
9.2 Global Immunoassay Market, By Application 2018 & 2027 (%)
9.3 Therapeutic Drug Monitoring Market
9.4 Oncology Market
9.5 Cardiology Market
9.6 Endocrinology Market
9.7 Infectious Disease Testing Market
9.8 Autoimmune Diseases Market
9.9 Others Market
10. Global Immunoassay Market Analysis - by End User
10.1 Overview
10.2 Global Immunoassay Market, By End User 2018 & 2027 (%)
10.3 Hospitals Market
10.4 Blood Banks Market
10.5 Clinical Laboratories Market
10.6 Pharmaceutical & Biotech Companies Market
10.7 Academic Research Centers Market
10.8 Others Market
11. Immunoassay Market Revenue and Forecasts to 2027 - Geographical Analysis
11.1 North America Immunoassay Market Revenue And Forecasts To 2027
11.2 Europe Immunoassay Market Revenue And Forecasts To 2027
11.3 Asia Pacific Immunoassay Market Revenue And Forecasts To 2027
11.4 Asia Pacific Immunoassay Market Revenue and Forecasts to 2027 (US$ Mn)
11.5 Middle East & Africa Immunoassay Market Revenue And Forecasts To 2027
11.6 South And Central America Immunoassay Market Revenue And Forecasts To 2027
12. Immunoassay Market - Industry Landscape
12.1 Overview
12.2 Comparative Company Analysis
12.3 Growth Strategies done by the companies in the Market, (%)
12.4 Organic Developments
12.5 Inorganic developments
13. Immunoassay Market - Key Company Profiles
13.1 Siemens
13.2 BD
13.3 bioMerieux S.A.
13.4 Abbott
13.5 F. Hoffmann La-Roche Ltd.
13.6 Danaher
13.7 Ortho Clinical Diagnostics (Johnson & Johnson Services Inc.)
13.8 Sysmex Corporation
13.9 Thermo Fisher Scientific Inc.
13.10 Quidel Corporation
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