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Written by Mark Smith » Updated on: October 23rd, 2024
According to the latest report by IMARC Group, titled “Immunoassay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on immunoassay market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global immunoassay market size reached US$ 31.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 49.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
An immunoassay is a laboratory technique used to detect and quantify specific substances in biological samples based on the interaction between an antigen and an antibody. It involves the use of antibodies or antigens labeled with a detectable marker, such as a fluorescent dye or enzyme, to identify and measure the target analyte. Immunoassays are widely utilized in medical diagnostics, pharmaceutical research, and environmental monitoring to detect hormones, proteins, drugs, infectious agents, and other biomolecules. They offer high sensitivity, specificity, and versatility, making them valuable tools for diagnosing diseases, monitoring treatment efficacy, and conducting scientific research in various fields of medicine and biotechnology.
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Market Trends:
The global market is majorly driven by the increasing prevalence of chronic and infectious diseases. Immunoassays offer high sensitivity and specificity, making them valuable tools for diagnosing conditions such as cancer, infectious diseases, autoimmune disorders, and cardiac biomarkers. Technological advancements in immunoassay platforms, such as automated systems, multiplexing capabilities, and improved detection methods, are driving market growth. These innovations enhance assay performance, reduce turnaround time, and increase throughput, meeting the growing demand for rapid and accurate diagnostic solutions. Moreover, the expanding applications of immunoassays in drug development, clinical research, and biotechnology are driving market expansion. Immunoassays play a crucial role in drug discovery, pharmacokinetics, and biomarker identification, contributing to the development of novel therapeutics and personalized medicine approaches. Additionally, favorable regulatory policies and initiatives aimed at improving healthcare infrastructure and access to diagnostic services in emerging economies are driving market growth. Governments and healthcare organizations are investing in expanding diagnostic capabilities and implementing screening programs, further boosting demand for immunoassay technologies. Furthermore, the increasing adoption of point-of-care testing and decentralized testing solutions is driving market expansion. Immunoassay platforms suitable for use in non-laboratory settings offer convenience, accessibility, and rapid results, addressing the need for efficient diagnostic solutions in diverse healthcare settings.
Explore Full Report with Table of Contents: https://www.imarcgroup.com/immunoassay-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Immunoassay Market Segmentation:
Our report has categorized the market based on region, technology, product, application and end use.
Breakup by Technology:
Breakup by Product:
Breakup by Application:
Breakup by End Use:
Breakup by Region:
Key highlights of the report:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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