According to the report published by Allied Market Research, the global immunodiagnostics market is estimated to hit $17.8 billion by 2022, with a growing CAGR of 7.3% during the study period.
The study is a detailed analysis of the global immunodiagnostics market. It enables the interested market players and investors to get a better insight of the entire market. It offers an overview of the drivers, restraints, and opportunities impacting the industry. It discusses the market size and share, segmentation, and technology trends that prevail in the industry. Information about the major market players operating in the segment are also discussed.
The report also analyzes the drivers, restraints, and opportunities of the global immunodiagnostics market. Rising incidence of chronic & infectious diseases, increase in geriatric population, high-end technological advancements, growing demand for next generation immunodiagnostics platform as well as personalized medicine have fueled the growth of the global immunodiagnostics market. On the other hand, high cost of immunodiagnostics products, stringent government regulations, and reluctance in adoption of advanced technologies in emergent economies have checked the growth to some extent. However, presence of large unmet diagnostic needs in emerging economies and combination of personalized technologies have created lucrative opportunities in the segment.
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The report emphasizes on the various segments of the global immunodiagnostics market. The market is segmented into product, technology, application, end-user and geography. Based on product, the market is classified into Reagents, Instruments and Software & Services. Based on technology, the report divides the market into Enzyme-Linked Immunosorbent Assay, Chemiluminescence Immunoassay, Fluorescent Immunoassay, Radioimmunoassay, Rapid Test, and Others. By Application, the market is categorized into Infectious diseases, Oncology & endocrinology, Hepatitis & retrovirus, Bone & mineral, Autoimmunity, Cardiac biomarker, and Others. By end-user, the market is splitted into Clinical laboratories, Hospitals, Academic & Research Centers, Pharmaceutical & Biotechnology Industry, and Others. Based on geography, the market is analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA).
The reagents segment was leading product type in 2015, and is expected to grow at a CAGR of 8.1% during the forecast period. By technology, the CLIA segment is anticipated to grow at the highest CAGR of 8.0%. Based on application, the Oncology & endocrinology application is projected to grow at a remarkable CAGR of 8.1% during the study period. By region, North America is anticipated to dominate the immunodiagnostics market followed by Europe, during the forecast period.
The key players in the global immunodiagnostics market are expanding the scope of their business operations in the developing countries by including innovative products in their product portfolios. The report includes a detailed competitive analysis of the major frontrunners such as Immunodiagnostic Systems Holdings Plc (IDS), Arkray, Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd, Siemens AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Sysmex Corporation, Danaher Corporation, DiaSorin S.p.A., and Bio-Rad Laboratories, Inc.
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