Immunoassay Market is expected to grow at a CAGR of 6.50% during the forecast period. Global Immunoassay Market is expected to reach US$ 47.11 Bn. by 2029.
Immunoassay Market Overview:
The research "Immunoassay Market" seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the Immunoassay Market by Product Type, Application, Key Manufacturers, and Several Key Regions.
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Market Scope:
The research focuses on the Immunoassay market’s growth prospects, constraints, and market analyses. The research employs Porter's five forces analysis of the Immunoassay industry to assess the impact of several variables on Immunoassay market trends, including supplier bargaining power etc
Segmentation:
Radioimmunoassays have wide applications in cancer detection, blood screening for hepatitis, diagnosis of ulcers, and narcotics detection. These assays are capable of the quantification of very small concentrations of antigens from small volumes of samples with the help of radioisotopes, such as iodine-125 and iodine-131. The growth in this immunoassay market is primarily driven by the increasing prevalence of cancer across the globe and the resultant increase in suitable diagnostic technologies. However, these assays are relatively high-cost assays and have potential health hazards owing to the use of radioactive antigens. This, along with additional expenses towards maintaining radiation safety and disposal protocols limit their wide-scale use. Owing to these, radioimmunoassay is increasingly being replaced by EIAs and CLIAs, which is expected to hamper the growth of the radioimmunoassay market over the coming years.
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Key Players: the key players are
• Siemens Healthineers
• Becton
• Dickinson & Company
• BioMérieux
• Abbott laboratories
• Roche Diagnostics
• Danaher Corporation
• Ortho Clinical Diagnostics
• Sysmex Corporation
• Thermo Fisher Scientific, Inc.
• Quidel Corporation
• Agilent Technologies
• PerkinElmer
• Mindray
• DiaSorin
Regional Analysis:
The report has assessed the Immunoassay market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Immunoassay Market:
The global repercussions of the coronavirus disease 2019 (COVID-19) are already being seen, and they will have a significant impact on the Immunoassay market in 2021. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; the declaration of a state of emergency in over thirty countries; a massive slowdown in the supply chain; the stock market; falling businesses, growing panic among the people, and uncertainty about the future.
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Key Questions answered in the Immunoassay Market Report are:
- Which key trends are likely to emerge in the Immunoassay market in the forecast period?
- What will be the Immunoassay market size by 2027?
- Which company had the biggest share in the Immunoassay market in 2020?
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