DUBLIN--(BUSINESS WIRE)--The "Immunoassay Market by Product & Service, Technology, Specimen, Application , End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The immunoassays market is expected to reach USD 27.15 billion by 2023 from USD 20.19 billion in 2018, at a CAGR of 6.1%
The increasing incidence of chronic and infectious diseases, technological advancements in immunoassay instruments and introduction of novel automated systems, growth in the biotechnology and biopharmaceutical industries, increasing adoption of immunoassay-based point-of-care testing and rapid testing, and the vital role of immunoassays in drug and alcohol testing are the major factors driving the growth of this market. On the other hand, stringent regulatory requirements for the approval of immunoassay instruments and consumables and the implementation of excise duty by the US government are expected to restrain the growth of this market during the forecast period.
By end user, the immunoassays market is segmented into hospitals, clinical laboratories, blood banks, research and academic laboratories, pharmaceutical and biotechnology companies and contract research organizations (CROs), and other end users. The hospitals segment is expected to grow at the highest CAGR during the forecast period. Immunoassays are widely used by hospitals and hospitals-attached laboratories for the diagnosis of infectious diseases, which is the key factor driving the growth of this end-user segment.
The immunoassays market in the Asia Pacific region is expected to register the highest CAGR during the forecast period. Growth in this region can be attributed to the demand for better healthcare services, increasing incidence of chronic and infectious diseases, rapid development in the healthcare infrastructure of developing countries such as India, China, and South Korea, growing healthcare research investments in this region, and increasing per capita income of the middle-class population in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Immunoassays Market, By Product & Service
7 Immunoassays Market, By Platform
8 Immunoassays Market, By Technology
9 Immunoassays Market, By Specimen Type
10 Immunoassays Market, By Application
11 Immunoassays Market, By End User
12 Global Immunoassays Market, By Region
13 Competitive Landscape
14 Company Profiles
- Abbott Laboratories
- Agilent Technologies
- Becton, Dickinson & Company
- Bio-Rad Laboratories
- Ortho Clinical Diagnostics
- Thermo Fisher Scientific
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