Immunoassay Market worth $18.66 billion by 2025: Meticulous Research®

Meticulous Research®– leading global market research company published a research report titled “Immunoassay Market by Product (Kits & Reagents, Analyzers, Software), Platform (Chemiluminescence, Radioimmunoassays) Application (Infectious Diseases, Cardiology), End User (Hospitals, Academic Laboratories), and Geography – Global Forecast to 2025”

Pune, India – June 27, 2019 /MarketersMedia/ —

According to this latest publication from Meticulous Research®, the global immunoassay market is expected to grow at a CAGR of 7% from 2019 to reach $18.66 billion by 2025. The high growth of immunoassays market is mainly attributed to increasing incidence of chronic and infectious diseases, growing use of immunoassay in oncology, rise in drug and alcohol testing, and technological advancements in immunoassay. In addition, emerging markets and increasing epidemic potentials offer significant growth opportunities for the players operating in this market. However, limitations of immunoassay and development of alternative technologies are the key factors expected to hinder the adoption of immunoassay products.

Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4982

The global immunoassay market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product (immunoassay kits & reagents, immunoassay analyzers, immunoassay software & services), platforms (chemiluminescence immunoassays, fluorescence immunoassays, colorimetric immunoassays, radioimmunoassays, other platforms) application (infectious diseases, cardiology, endocrinology, oncology, bone & mineral disorders, autoimmune disorders, allergy, other applications), end user (hospitals & clinics, clinical laboratories/reference labs, blood banks, pharmaceutical and biotechnology companies, research & academic laboratories, other end users). The study also evaluates industry competitors and analyzes the market at regional and country level.

Increasing Use of Immunoassay in Oncology Supports the Market Growth

The prevalence and incidence of cancer cases is dramatically increasing globally, thus the application of immunoassay for early diagnosis and monitoring of cancer is growing gradually.

According to GLOBOCAN 2018, incidence rate of cancer has increased from 14.1 million in 2012 to 15.2 million in 2015 to 17.0 million in 2018 with a rise of about 12%. Moreover, the mortality due to cancer has also witnessed a rise from 8.2 million deaths in 2012 to 9.4 million deaths in 2018.

According to American Cancer Society, lung cancer is one of the most common forms of cancer. In 2018, nearly 2.09 million people across the globe were living with lung cancer, and according to the WHO this number is expected to increase 2.27 million by 2020. Clinical laboratories play a key role in the early detection of cancer, which drives the course of successful treatment.

In addition, oncology biomarkers can provide affordable, reliable, accurate, non-invasive, and sensitive information to help effectively manage cancer. Moreover, the awareness for early detection of cancer is increasing with positive results in 5-year relative survival rates in early detected localized lung, colorectal or breast cancer patients.

The major players operating in the global immunoassays market are F. Hoffman La Roche AG (Switzerland), Abbott Laboratories (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Sysmex Corporation (Japan), bioMérieux (France), Ortho Clinical Diagnostics (U.S.), DiaSorin SPA (Italy), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific (U.S.), Becton, Dickinson and Company (U.S.), Merck (Germany), Bio-Rad Laboratories (U.S.), Agilent Technologies (U.S.), PerkinElmer (U.S.), Quidel Corporation (U.S.), Bio-Techne Corporation (U.S.), and Mindray (China) among others.

Key questions answered in the report-

Which are the high growth market segments in terms of product, platforms, application, end user, and region/countries?
What was the historical market for immunoassay across the globe?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the global immunoassay market?
Who are the major players in the global immunoassay market?
How is the competitive landscape and who are the market leaders in the global immunoassay market?
What are the recent developments in the global immunoassay market?
What are the different strategies adopted by the major players in the global immunoassay market?
What are the geographical trends and high growth regions/ countries?

Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4982

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Website: https://www.meticulousresearch.com/product/immunoassay-market-4982/

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