Immunoassay Market Size, Growth Forecast and Analysis Report 2025- Meticulous Research
he global immunoassay market is expected to grow at a CAGR of 5.9% from 2019 to reach $19.76 billion by 2025. Immunoassays can be defined as a chemical test used to detect or quantify a specific substance using an immunological reaction. Due to the use of antibodies and purified antigens, immunoassays are very sensitive and specific. The molecule detected by the immunoassay is often referred to as an analyte and is in many cases a protein, although it may be other kinds of molecules, of different size and types, as long as the proper antibodies that have the adequate properties for the assay are developed. Immunoassays are utilized in healthcare industry in applications such as infectious diseases, endocrinology, oncology, bone & mineral disorders, cardiology, hematology & blood screening, autoimmune disorders, toxicology, and neonatal screening. Increasing incidences of chronic and infectious diseases, increasing use of immunoassay in oncology, rise in drug and alcohol testing, and technological advancement in immunoassay are the major factors driving the growth of overall immunoassay market.
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