Latest News- Immunoassay Market: Reagents and kits is expected to lead the Product segment during 2025-2029

The Immunoassay Market is being driven by Predictive and preventive medicine for early diagnosis and treatment

The Immunoassay Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9.4 billion. In the agricultural sector, antibiotics are extensively utilized for disease prevention and treatment in livestock production. However, the presence of antibiotic residues in animal-derived food sources poses a significant health risk to consumers. This issue of food contamination with antibiotic residues is a pressing global concern due to the rampant and unregulated use of antibiotics in animal husbandry. Immunoassays, a biochemical technique based on the interaction between specific antigens and antibodies, offer a promising solution for the detection and monitoring of antibiotic residues in food and environmental samples. With their simplicity in sample preparation and highly sensitive detection capabilities, immunoassays are increasingly being adopted for the screening of antibiotic residues in food testing. Consequently, the growing demand for immunoassays in food safety and quality control is anticipated to fuel the expansion of the immunoassay market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Reagents and kits
  • Analyzers
• Technology
  • ELISA
  • Radioimmunoassay (RIA)
  • Chemiluminescence Immunoassay (CLIA)
  • Fluorescence Immunoassay (FIA)
  • Rapid Tests
  • Western Blotting
• Specimen
  • Blood
  • Urine
  • Saliva
  • Blood
  • Saliva
  • Urine
• End-User
  • Hospitals
  • Blood Banks
  • Clinical Laboratories
  • Pharmaceutical and Biotech Companies
  • Academic Research Centers
  • Others
• Application
  • Infectious Diseases
  • Endocrinology
  • Oncology
  • Cardiology
  • Autoimmune Diseases
  • Therapeutic Drug Monitoring
  • Bone & Mineral Disorders
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Predictive and preventive medicine for early diagnosis and treatment
• Growing demand for blood banks and their potential to increase sales
• Rising geriatric population

However, the market also witnesses some limitations, which are as follows:

• Limited number of skilled laboratory professionals
• Stringent regulatory scrutiny for immunoassays
• Inadequate medical reimbursements

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Market Scope in Immunoassay Market Research Report

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Research Analysis Overview

The Immunoassay Market encompasses various technologies including Immunochromatographic Assays, Enzyme-Linked Immunosorbent Assays (ELISA), Fluorescence Polarization, Microfluidic Devices, and more. These assays are utilized in Serological Testing, Viral Load Monitoring, Antimicrobial Susceptibility Testing, Allergy Testing, Food Safety Testing, Environmental Monitoring, Forensic Science, Clinical Trial Support, Biopharmaceutical Development, Companion Diagnostics, Predictive Diagnostics, Early Disease Detection, Population Screening, Disease Management, Patient Monitoring, Clinical Decision Support, Point-of-Care Testing, Home-Based Diagnostics, and Remote Patient Management. Technological advancements in Artificial Intelligence, Machine Learning, Big Data Analytics, Cloud Computing, Internet of Things, Digital Pathology, Imaging Analysis, Sample Preparation, Sample Handling, Quality Control, Inter-Laboratory Comparison, Assay Performance, Limit of Detection, and Limit of Quantification continue to drive market growth.

Market Research Overview

In the expansive biotechnology industry, the Immunoassay Market holds a significant position, encompassing Lateral Flow Assays, Automated Immunoassay Analyzers, High-Throughput Screening, Diagnostic Tests, and Drug Discovery. This market segment falls under the broader healthcare sector, which is projected to witness substantial growth due to several factors. The aging population is a primary driver, with Europe and the US forecasted to have over 25% of their populations aged 60 and above by 2030 and 2050, respectively. This demographic shift will fuel demand for healthcare solutions, including advanced diagnostic tools and biotech reagents, thereby propelling the growth of the Immunoassay Market within the global healthcare industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/