The global immunoassay market size was valued at USD 36,456.9 million in 2021 and is poised to grow at a significant CAGR of 5.1% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “The Immunoassays Market: By Type (Radioimmunoassay (RIA), Enzyme Immunoassays (EIA), Fluoroimmnoassay (FIA) Chemiluminescence immunoassay (CLIA) and Others), By Application (Disease Diagnosis, Therapeutic Drug Monitoring, Drug Discovery, Clinical Chemistry, Hematology, and Others), By End User (Hospitals, Pharma & Biotech Companies, Clinical Laboratories and Others) – Global/Region/Country Forecast to 2028”.
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Increasing cases of COVID-19 patients are accelerating the Immunoassays Market
Immunoassay refers to a test, which makes use of antibodies for evaluating the concentration of a macromolecule in a solution. It is a biochemical test directed in IVD research centers to spot out the essence of particular particles in an answer with the use of neutralizer. Immunoassay is also utilized for determining the amount of analytes in urine and serum. Analyte refers to the macromolecule, which has been detected. Immunoassay also determines the amount of analytes in urine and serum. Immunoassays have different applications in vitro diagnostics for examining the feasibility of the treatment, surrounding the treatment and evaluation of sickness course. Immunoassays diagnostics tests have hugely been used for over forty years in research labs, analytic labs, healing centers and blood donation centers.
Increasing cases of COVID-19 patients across the world called for the development of trustworthy immunoassay kits for testing reasons and consequently drives the global immunoassay market growth. In addition, technological developments, which enhance the immunoassay efficiency in terms of pricing and performance like the design of immunochemical approaches, which bring benefits seen with bigger molecular analytes with small molecules including toxins and metabolites are fuelling the market to grow forward. There are a few more factors such as growing ageing population and condition-specific biomarkers and others are also likely to help in impelling the market growth.
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On the basis of regional analysis, Immunoassays market is categorized into major regions such as Asia Pacific, North America, Latin America, Middle East, Europe and Africa. North America dominates the immunoassay market due to the factors such as high selection rate and nearness of significant market players. Europe is on the second place in the market. There are a few factors that are most likely to impel the European market such as financing provided by the private and legislature associations towards innovative work and the increase in commonness of irresistible infection. Asia Pacific is the fastest developing immunoassay market due to the increasing interest and development in the human services innovations and huge patient pool in the region.
There are a few major players operating in the immunoassays market such as Abbott Laboratories, Roche, Siemens, bioMérieu, Sysmex Corporationn, Ortho Clinical Diagnostics, QIAGEN, DiaSori, Thermo Fisher Scientific, Merck, Becton, Dickinson and Company, Bio-Rad Laboratories, PerkinElmer, Agilent Technologies, Bio-Techne Corporation, Quidel Corporation and Mindray.
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