Authored By: Sarah
08 Sep 2021

Immunodiagnostics Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Market Growth and Forecasts for 2021-2025

Immunodiagnostics market is set to post an incremental growth of $ 16.15 bn during 2021-2025. The market will progressing at a CAGR of almost 10.66% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.


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Immunodiagnostics Market: Market Segments and Key Trends

The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Product (Reagents and consumables and Immunodiagnostic systems), Application (Oncology and endocrinology, Hepatitis and retrovirus, Infectious disease, GI stool, and Other applications), and Geography (North America, Europe, Asia, and ROW). 40% of the market growth will originate from North America during the forecast period. However, limited capability and high complexity of the procedure is one of the challenges that will need to be overcome to drive growth.

Immunodiagnostics Market: Leading Factors to Drive Market Growth

The Technological advances is one of the primary factors that will drive the growth of the immunodiagnostics market. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

Immunodiagnostics Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Vendor Analysis: Abbott Laboratories, bioMerieux SA and Danaher Corp. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, bioMerieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., OraSure Technologies Inc., Quest Diagnostics Inc., Siemens AG, Sysmex Corp., Tecan Group Ltd., and Thermo Fisher Scientific Inc. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Immunodiagnostics Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive immunodiagnostics market growth during the next five years
  • Precise estimation of the immunodiagnostics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the immunodiagnostics market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of immunodiagnostics market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 10.66%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 16.15 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Technological advances will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    40% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Abbott Laboratories, bioMerieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., OraSure Technologies Inc., Quest Diagnostics Inc., Siemens AG, Sysmex Corp., Tecan Group Ltd., and Thermo Fisher Scientific Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Reagents and consumables and Immunodiagnostic systems), Application (Oncology and endocrinology, Hepatitis and retrovirus, Infectious disease, GI stool, and Other applications), and Geography (North America, Europe, Asia, and ROW)

Immunodiagnostics Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Technavio has been monitoring the immunodiagnostics market and it is expected to grow by USD 11.71 bn, decelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Immunodiagnostics Market: Key Trends to impact market growth

The automation and system integration is one of the key immunodiagnostics market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Immunodiagnostics Market: Top Drivers to Boost Demand

The increasing adoption of POCT is one of the primary factors driving the growth of the immunodiagnostics market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Immunodiagnostics Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Vendor Analysis: Abbott Laboratories, bioMérieux SA and Danaher Corp. are key growth contributors

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, bioMérieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., OraSure Technologies Inc., Quest Diagnostics Inc., Siemens AG, Sysmex Corp., Tecan Group Ltd., and Thermo Fisher Scientific Inc. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Immunodiagnostics Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive immunodiagnostics market growth during the next five years
  • Precise estimation of the immunodiagnostics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the immunodiagnostics market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of immunodiagnostics market vendors

Immunodiagnostics Market to Grow by USD 11.71 Billion During 2020-2024 | Increasing Adoption of POCT to Boost Growth

Technavio has been monitoring the Global Immunodiagnostics Market and it is expected to grow by USD 11.71 billion  decelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Immunodiagnostics Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Immunodiagnostics Market: increasing adoption of POCT to drive growth

One of the primary factors that will trigger the growth of the Immunodiagnostics Market size is the increasing adoption of point-of-care testing (POCT). A few life-threatening conditions that need serious attention include sepsis and acute cardiac infarction. Such serious conditions with high mortality rate drive the necessity for POCT, which in turn will boost the demand for immunodiagnostics testing. One of the areas of focus for traditional and non-traditional healthcare companies are POCT for cardiovascular biomarkers. Also, POCT is fast, accurate, portable, and simple to interpret, which helps healthcare providers in alternative healthcare settings. Moreover, the cost of POCT is very low because of its small capillary tubes that need fewer reagents.

Immunodiagnostics tests were also used to detect antibody responses to COVID-19 in the population. This was done with the aim to support the development of vaccines, and to add to our understanding of the extent of infection among people who are not identified through active case finding and surveillance efforts.

The immunodiagnostics market in the Americas is witnessing significant growth, primarily because of the fast-growing elderly population and the high prevalence of chronic and infectious diseases. Moreover, increased awareness among the population has resulted in people undergoing regular tests and check-ups, which has increased the sales of immunodiagnostic devices in the country. In the US, the number of people diagnosed with diabetes is increasing. Also, adult obesity in the country is increasing. All these factors will contribute to the growth of the market in focus.

Immunodiagnostics Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, bioMérieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., OraSure Technologies Inc., Quest Diagnostics Inc., Siemens AG, Sysmex Corp., Tecan Group Ltd., and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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