The ‘Global Immunodiagnostics Market Size, Share, Analysis, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global immunodiagnostics market, assessing the market on the basis of its segments like products, technologies, applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Immunodiagnostics Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.10%
The increasing prevalence of various chronic and infectious diseases, including cancer and HIV, is propelling the immunodiagnostics market growth. The growing focus on preventative healthcare and early diagnosis is also driving the demand for immunodiagnostics.
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With the rising cases of cancer, immunodiagnostics is used to discover, evaluate, and diagnose markers for cancer detection. The increasing research and development (R&D) activities aimed at discovering cancer treatment are also expected to favour the immunodiagnostics market demand.
In emerging countries in the Asia Pacific and Latin American regions, key players are expanding their portfolio of immunodiagnostic tools and products. Moreover, in proteomics research activities, immunodiagnostics is used to provide targeted proteome screening.
The rising demand for immunodiagnostics in food, forensic, as well as environmental analyses to examine the presence of pathogens and parasites is anticipated to propel the market growth.
Immunodiagnostics Industry Definition and Major Segments
Immunodiagnostics refers to a technique that detects various targets and biomarkers by using an antigen-antibody reaction in a sample. It is a time-effective and precise methodology used to diagnose and study diverse health conditions, ranging from cancer to infectious and cardiovascular diseases. It is also used in diverse applications, including food analysis, clinical applications, and forensic science, among others.
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Based on product, the market is divided into:
• Reagents and Consumables
• Software and Services
The market, based on technology, is divided into:
• Chemiluminescence Immunoassay
• Enzyme-Linked Immunosorbent Assay
• Fluorescent Immunoassay
• Rapid Test
By application, the market is segmented into:
• Infectious Diseases
• Drug Monitoring
• Oncology and Endocrinology
• Bone and Mineral Diseases
• Cardiac Biomarkers
• Autoimmune Diseases
On the basis of end uses, the market is divided into:
• Clinical Laboratories
• Academic and Research Centres
• Pharmaceutical and Biotechnology Industry
The major regional markets of immunodiagnostics include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Immunodiagnostics Market Trends
Technological advancements and innovations are leading to the development of effective, affordable, and easy-to-conduct immunodiagnostic techniques. Further, improvements in biomedical instrumentation are likely to support the immunodiagnostics market growth in the forecast period.
The growing concerns regarding rising pollution levels are also expected to surge the demand for immunodiagnostic tools for detecting contaminants such as pentachlorophenol (PCP), polycyclic aromatic hydrocarbons (PAH), and dichlorodiphenyltrichloroethane(DDT), among others. Moreover, immunodiagnostic tools are increasingly used to detect contaminants in food and beverages, including vegetables, grains, and food.
Key players are attempting to develop affordable diagnostic platforms and immunodiagnostic procedures for improving the accessibility of immunodiagnostics in remote areas. Moreover, the rising geriatric population and the increasing demand for age-related testing are anticipated to fuel the immunodiagnostics market demand in the coming years.
Key Market Players
The major players in the immunodiagnostics market report are Abbott Laboratories, ARKRAY, Inc., DiaSorin S.p.A., Johnson & Johnson Services, Inc., and Biotest AG, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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