Immunoassay Market Size, Opportunities, Analysis, Key Players and Forecast to 2024

Different product and services contributed to the immunoassay market size. The market has witnessed a high demand for kits and reagents over the last few years due to the mounting number of immunoassay tests and mounting occurrence of chronic and infectious diseases.

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On the basis of technology the market is subdivided into Enzyme-Linked Immunosorbent Assays (ELISA), enzyme-linked immunospot, immuno-PCR, rapid tests, western blotting, and others. Mounting usage of immunoassay tests in therapeutic drug level monitoring and infectious disease are the factors growing the demand of Enzyme-Linked Immunosorbent Assays. 

On the basis of application, the market is subdivided into infectious diseases, oncology, cardiology, autoimmune disorders, neonatal screening, endocrinology, bone & mineral disorders, hematology & blood screening, toxicology, and others. 

The technological progressions in immunoassay instruments, essential function of immunoassays in drug and alcohol analysis, boosting acceptance of immunoassay-based point-of-care testing and speedy testing and progression in the biotechnology and biopharmaceutical industries are the primary growth drivers for immunoassay market.

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North America is the largest immunoassay market as in the region the prevalence of chronic disease and infectious diseases is increasing. Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of the large population base.

Key players in the immunoassay market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Roche, Agilent Technologies, Abbott Laboratories, Thermo Fisher Scientific, Siemens, QIAGEN, Danaher, Ortho-Clinical Diagnostics, Sysmex, Bio-Rad Laboratories, BioMérieux, Becton, Dickinson & Company, and Mindray are the key players offering immunoassay.

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