An immunoassay is a biochemical analysis that measures the existence or concentration of a macromolecule or a small molecule in a solution through the use of an antibody or an antigen. Immunoassays in scientific research are typically used in the study of biological systems by tracing different proteins, hormones, and antibodies. In industry, they are used to identify contaminants in food and water, and to monitor specific molecules used during product processing.
According to the research report, “Immunoassay Market By Products and Services (Instruments, Reagents & Kits, Software & Services), By Applications (Oncology, Infectious Disease Testing, Cardiology, Endocrinology, Autoimmune Disease, Other Applications), By End-users (Hospitals & Laboratories, Pharmaceutical & Biotechnology Companies, Other End-users), By Regions (North America, Europe, Asia Pacific, Rest of the World) – Global Forecast up to 2025” states that Roche Diagnostics, bioMerieux SA, Abbott Laboratories, Becton Dickinson & Company, and Siemens Healthineers are some of the key players of the Immunoassay Market. The research report also covers extensive profiling of each company mentioned above based on some parameters such as company performance, recent developments, product and service offerings, revenue, regional presence, collaborative business strategies, and a lot more. According to the report, there are so many companies leading in the industry, that one can only imagine the competition of being the best.
The Immunoassay market is further fragmented into various segments as mentioned in the title. The study covers a complete analysis of all the sub-segments based on their growth trends. For example- Reagents and kits, in terms of immunoassay products and services, had a significant market share in 2018, due to the need to repeat the buy of assay kits & reagents, a rise in the rate of chronic diseases, and an increasing number of immunoassay tests. Likewise, Oncology, in terms of immunoassay applications, is anticipated to grow at a high CAGR during the forecast period due to technological advancements that help in the precise identification of cancer-causing organisms and an increasing number of cancer cases globally. Thereby, the report consists of key insights into all the subsegments of the market.
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Likewise, the study also discusses various qualitative and quantitative information that includes market dynamics, historical and forecast market data, supply and demand details, growth drivers, development of the market, application details, price trends (present and future), restraints, company shares of the leading players mentioned above and detailed analysis of data. The report helps in Recognizing the potential market opportunity with accurate market size and predicted data along with detailed competitive analysis of dominant and new vendors and much more.
The global immunoassay market will expand and will provide immense growth opportunities at a single-digit CAGR during the review period 2019-2025. The market is anticipated to reach a significant value in terms of revenue of USD million by the end of the year 2025. Due to the rising patient base, improvements in technology, the growing significance of companion diagnostics in the immunoassay market, and the launch of novel products, the market is sustaining and experiencing growth.
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Immunoassay Market Research Report
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