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Immunoassay Market Growth Prediction of 6& During the Forecast Period, 2019-2025 – ResearchAndMarkets.com – Tullahoma News and Guardian

DUBLIN–(BUSINESS WIRE)–Oct 11, 2019–

Overview of the Global Immunoassay Market

The author’s market research report predicts that the global immunoassay market will grow at a CAGR of ~6.0% during the forecast period 2019-2025.

Growing patient base, improvements in technology, increasing significance of companion diagnostics in the immunoassay market, launch of innovative products, and rising elderly population are few of the factors facilitating the growth of the immunoassay market.

The market continues to grow as immunoassay is one of the most widely used techniques for disease diagnosis and measuring treatment effectiveness. Key market players are focusing on increased product launch and strategic deals to strengthen their market position.

According to the author analysis, North America accounted for the largest share of the global immunoassay market in 2018 and Asia Pacific is expected to grow at a high CAGR during the forecast period. Immunoassays offer a broad array of applications in disease diagnosis with high specificity and sensitivity when compared to other tests. According to the National Cancer Institute, in the US, an estimated 1,735,530 new cancer cases were diagnosed and approximately 609,640 deaths were recorded in 2018. The biggest infectious disease killers, currently in the US, are pneumonia and flu, which are responsible for nearly 40% of all deaths from infectious diseases.

Immunoassay Market Research Competitive Analysis

The market is growing at a steady rate with mid-single-digit CAGR during the forecast period 2019-2025. The market players are continuously focusing on R&D to deliver innovative products in the market. The increasing usage of technology has resulted in strategic collaborations, new product launch, and increased funding. For instance, in March 2019, Beckman Coulter announced the launch of Access PCT assay, the newest addition to its extensive portfolio for the sepsis identification and management. In April 2019, Thermo Fisher Scientific announced the availability of the new immunoassay, Thermo Scientific CEDIA Mitragynine (Kratom) assay, its latest drugs of abuse test that comprises supporting calibrators and controls. In August 2019, Bio-Techne Corporation and Cygnus Technologies, a part of Maravai LifeSciences, announced a strategic partnership for the quantification of Chinese Hamster Ovary Host Cell Proteins (CHO-HCP) on the ProteinSimple-branded Ella immunoassay platform. According to agreement terms, both the companies are introducing the co-developed third-generation CHO-HCP assay in the proprietary Simple Plex immunoassay cartridge for customers in North America and Europe.

Key Competitive Facts

  • The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
  • The requirement of high capital investment, implementation, and maintenance cost in the market are also limiting the entry of new players.

The report provides complete details about the sub-segments of the global immunoassay market. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the diagnostics segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth.

Key Takeaways:

  • Understanding the potential market opportunity with precise market size and forecast data.
  • A detailed market analysis focusing on the growth of immunoassay industry.
  • Factors influencing the growth of the immunoassay market.
  • In-depth competitive analysis of dominant and pure-play vendors.
  • Prediction analysis of the immunoassay market in both developed and developing regions.
  • Key insights related to major segments of the immunoassay market.
  • Latest market trend analysis impacting the buying behavior of the consumers.

Key Topics Covered:

1 Industry Outlook

1.1 Industry Overview

1.2 Total Addressable Market

1.3 Industry Trends

2 Report Outline

2.1 Report Scope

2.2 Report Summary

2.3 Research Methodology

2.4 Report Assumptions

3 Market Snapshot

3.1 Market Definition – Infoholic Research

3.2 Segmented Addressable Market

3.3 Industry Trends

3.4 Related Market

3.4.1 Point-of-Care Diagnostics

4 Market Outlook

4.1 Funding Scenario

4.2 Market Segmentation

4.3 Porter 5 (Five) Forces

4.4 PEST Analysis

5 Market Characteristics

5.1 Market Dynamics

5.1.1 Drivers

5.1.1.1 Growing incidence of chronic and infectious disease

5.1.1.2 Increase in geriatric population

5.1.1.3 Growing adoption of immunoassay-based point-of-care diagnostics

5.1.2 Restraints

5.1.2.1 Stringent regulatory approval process of immunoassay instruments and consumables

5.1.2.2 Unfavorable reimbursement scenario

5.1.3 Opportunities

5.1.3.1 Growing importance of companion diagnostics in the immunoassay market

5.1.3.2 Market expansion opportunities in emerging economies

5.1.4 DRO – Impact Analysis

5.2 Key Stakeholders

6 Products and Services: Market Size and Analysis

6.1 Overview

6.2 Instruments

6.3 Reagents and Kits

6.4 Software & Services

7 Applications: Market Size and Analysis

7.1 Overview

7.2 Oncology

7.3 Infectious Disease Testing

7.4 Cardiology

7.5 Endocrinology

7.6 Autoimmune Disease

7.7 Other Applications

8 End-users: Market Size and Analysis

8.1 Overview

8.2 Hospitals and Laboratories

8.3 Pharmaceutical and Biotechnology Companies

8.4 Other End-users

9 Regions: Market Size and Analysis

9.1 Overview

9.2 North America

9.2.1 Overview

9.3 Europe

9.3.1 Overview

9.4 Asia Pacific

9.4.1 Overview

9.5 Rest of the World

9.5.1 Overview

10 Competitive Landscape

11 Vendors Profile

11.1 Roche Diagnostics

11.2 bioMrieux SA

11.3 Abbott Laboratories

11.4 Becton Dickinson & Company

11.5 Siemens Healthineers

12 Companies to Watch for

12.1 Danaher Corporation

12.2 Sysmex Corporation

12.3 Ortho Clinical Diagnostics

12.4 Thermo Fisher Scientific Inc.

12.5 Quidel Corporation

12.6 Qiagen

12.7 Bio-Rad Laboratories

12.8 PerkinElmer

Laura Wood, Senior Press Manager

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INDUSTRY KEYWORD: HEALTH GENERAL HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 10/11/2019 05:31 AM/DISC: 10/11/2019 05:31 AM