Global Immunoassay Market – Analysis and Forecast (2019–2024)

1. Global Immunoassay Market

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3. Global Immunoassay Market The global immunoassay market is expected to grow at a CAGR of 5.6% during the forecast period with its market size predicted to reach USD 26.9 billion by 2024. The global immunoassay market is growing at a significant rate, due to mounting occurrence of chronic and infectious diseases and technological improvement in the instruments. Different product and services contributed to the immunoassay market size.

4. Global Immunoassay Market The technological progressions in immunoassay instruments, essential function of immunoassays in drug and alcohol analysis, boosting acceptance of immunoassay-based point-of-care testing and speedy testing and progression in the biotechnology and biopharmaceutical industries are the primary growth drivers for immunoassay market. Mounting occurrence of chronic and infectious diseases is also driving the growth of the market. Increasing significance of companion diagnostics in the immunoassays market, expansion of condition-specific biomarkers and tests, and incorporation of microfluidics technology in immunoassays are also facilitating the growth for the immunoassay market.

5. Global Immunoassay Market Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of the large population base. In addition, mounting occurrence of infectious diseases and chronic diseases and refining healthcare infrastructure are also creating a positive impact on the immunoassay market growth in the region. Key players in the immunoassay market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2016, Roche launched the cobas e 801 module, a testing immunoassay solution, in order to meet the demand for increased diagnostic testing. F. Hoffmann-La Roche AG, Agilent Technologies Inc., Abbott Laboratories Inc., Thermo Fisher Scientific Inc., Siemens AG, QIAGEN N.V., Danaher Corporation, Ortho Clinical Diagnostics Inc., Sysmex Corporation, Bio-Rad Laboratories Inc., BioMérieux SA, Becton, Dickinson & Company, and Mindray are the key players offering immunoassay.

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