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Immunoassay Market

Immunoassay Market

Immunoassay Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Immunoassay Market
FACT4766MR
  • May-2020
  • List of Tables : 90
  • List of Figures : 88
  • 170 Pages
  • Healthcare

Global Immunoassay Market Size and Forecast:

Intense developments in the field of genomics and proteomics has expanded the database of biomarkers used by industry players to develop new assays that cascade the onset of a disease or disorder. The global immunoassays market is set to register impressive growth, expanding at a healthy 6.0% CAGR during the forecast period (2020-2026).

Key players are investing in the development of novel immunoassays in the infectious diseases domain, with increasing database on genetics and biomarkers of various infectious pathogens. Immunoassay analyzers such as enzyme-linked immunosorbent assay (ELISA), chemiluminescence immunoassay (CLIA) and immunofluorescence assay (IFA) are preferred choices for the diagnosis of infectious diseases.

Immunoassay Manufacturers: Strategies

Rising demand for early detection and diagnosis of autoimmune disorders has also augmented development of new immunoassay systems by leading players in the in-vitro diagnostics industry. For instance, in December 2017, Innova diagnostics launched the next-generation EIA & IFA Processor QUANTA-Lyser 3000 for the diagnosis of autoimmune disorders in clinical laboratories.

In addition, the current COVID-19 pandemic has also prompted key players to invest heavily in the development of immunoassays to eradicate the SARS-CoV-2 virus. For instance, Bio-Rad Corporation announced the launch of a blood-immunoassay kit for the identification of antibodies to the novel coronavirus in April 2020.

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Immunoassay Manufacturer Insights: Development of Advanced Immunoassay to Drive Market Players’ Growth

The global immunoassay market is highly consolidated. The top four market players constitute more than half of the total market share. These players are: F. Hoffmann La-Roche Ltd. (Roche Holdings AG), Abbott Laboratories, Siemens Healthineers and Beckman Coulter, Inc. (Danaher). These players have consolidated their operations by virtue of important collaborations to burgeon production of immunoassay kits.

La-Roche, for instance, offers products such as the COBAS C 702 & E 602 Module, the COBAS 4000 & 6000 Analyzer series and Elecsys Assays. Likewise, Abbott Laboratories offers biotin-free assays to prevent interference in testing and the resulting inaccuracies. Other prominent immunoassay players include DiaSorin S.p.A., Sysmex Corporation, bioMerieux SA, Ortho Clinical Diagnostics, Thermo Fisher Scientific, Inc., Becton, Dickinson and Company and Merck KGaA.

COVID-19’s Impact on Global Immunoassay Market:

The COVID-19 pandemic is anticipated to heighten growth prospects for the global immunoassay market, as companies are increasingly directing research and development towards developing robust testing systems to ascertain potential antibodies which may assist in eradicating the novel coronavirus.

Laboratories and diagnostic companies across the world are racing to produce antibody tests. Serology-based testing is in particularly high demand. This is attributed to its ability to quantify the number of COVID-19 cases, including those who may be asymptomatic or have recovered. ELISA-based testing is equally gaining traction in this regard. At present, Epitope Diagnostics, Inc. is offering the EDI Novel Coronavirus COVID-19 ELISA kits for qualitative detection of the COVID-19 IgG and IgM in human serum.

More recently, Bio-Rad Corporation announced the launch of a blood-based immunoassay kit for the identification of antibodies to the SARS-CoV-2. The company has established preliminary performance of the assay and has been clinically evaluated in multiple hospitals to further confirm its performance.

Also, Thermo Fisher Scientific is offering its Singleplex kit for SARS-CoV-2 pathogen detection which is based on the RT-PCR technique. Furthermore, the company predicted that COVID-19 testing could create a tailwind of US$ 750 million in the second quarter of 2020. However, the benefits are more likely to be offset by disruptions, leading to an overall decline in the company’s sales by around 15%.

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Analyst’s Viewpoint:

“Introduction of integrated systems coupled with development of ultrasensitive analyzer systems are anticipated to leverage prospects for the global immunoassay market. In addition, the novel coronavirus outbreak has provided a pathway for market expansion. North America and the Asia-Pacific regions are anticipated to provide credible growth opportunities, attributed to increased forays by leading market players to penetrate into respective markets.”

Global Immunoassay Market Report Scope

The recent study undertaken by Fact.MR on the global immunoassay market incorporates a six-year forecast period ranging from 2020 to 2026. The report elaborates on the key drivers, opportunities and restraints existing for the global immunoassay market in the future. The report incorporates a detailed assessment of key segments in terms of their revenue, market share and growth rate. Market segmentation has been done on the basis of technology, product, application and end-user.

A section on regional analysis has been embedded in the report. The regional analysis has been carried out for the following geographies: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa (MEA).

Each region incorporates the segmental analysis mentioned above. In addition, a competitive landscape detailing key players’ market and revenue shares, strategies for expansion, key collaborations and SWOT analysis, has been incorporated within the scope of this report. Overall, the report presents an optimistic scenario of the global immunoassay market.

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Global Immunoassays: Market Segmentation

Fact.MR has studied the global immunoassays market with detailed segmentation on the basis of technology, product, application, end-user, and region.

Technology

  • Chemiluminescence Immunoassay (CLIA)
  • Enzyme-linked Immunosorbent Assay (ELISA)
  • Enzyme Linked Fluorescence Assay (ELFA)
  • Radioimmunoassay (RIA)
  • Others

Product

  • Analyzer
  • Consumables

Application

  • Infectious Diseases
  • Endocrinology
  • Oncology
  • Cardiology
  • Orthopedics
  • Others

End-user

  • Hospitals & Diagnostic Laboratories
  • Blood Banks
  • Others (Pharmaceutical & Biotech Companies, Academic & Research Institutes, Forensic Labs, etc.)

Region

  • North America
  • Europe
  • Asia Pacific
  • Eastern Europe
  • Latin America
  • Middle East & Africa (MEA)

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”

Global Immunoassays Market- Scope of the Report

The recent study by Fact.MR on the global immunoassays market offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that are currently determining the growth of the global immunoassays market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of immunoassays. The study also provides dynamics responsible for influencing the future status of the market over the forecast period.

A detailed assessment of the global immunoassays market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the global immunoassays market along with their product portfolio enhances the reliability of this comprehensive research study.

Global Immunoassays Market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global immunoassays markets across the globe.

A comprehensive estimate of the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of the global immunoassays market during the forecast period. Price point comparison by region with global average price is also considered in the study.

Global Immunoassays Market: Analysis on Market Size Evaluation

The global immunoassays market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for global immunoassays is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent global immunoassays market segments, along with market attractiveness evaluation, has been incorporated in the report.

Global Immunoassays Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the global immunoassays report, which have helped deliver projection on the regional markets. These chapters include the regional macros (economic, and business environment outlook), which are expected to have a momentous influence on the growth of the global immunoassays market during the forecast period.

Country-specific valuation on demand for global immunoassays has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Global Immunoassays Market: In-Depth Analysis on Competitive Landscape

The report sheds light on the leading providers of global immunoassays along with their detailed profiles. Essential and up-to-date data information related to market performers, who are principally engaged in the production of global immunoassays, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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