We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us

Download Mobile App




Immunoassay Products Market Worth USD 23.3 Billion by 2024

By Sanjit Dutt
Posted on 14 Nov 2016
The global immunoassay instruments/analyzers market was valued at USD 14.7 billion in 2015 and is expected to reach USD 23.3 billion by 2024, driven by the continuous introduction of advanced products, as well as growing clinical applications for investigation and diagnosis of various chronic and related infectious diseases.

These are the findings of Grand View Research, Inc. More...
(San Francisco, CA, USA), a market research and consulting company.

Product-wise, the immunoassay instruments market is segmented into chemiluminescence immunoassay, immunofluorescence analyzers, radioimmunoassay, enzyme-linked immunoassay, and consumables. In 2015, the consumables segment was the largest revenue generating space with over a market share of 70%, led by the repeated purchase of consumables and portable point-of-care kits. Enzyme-linked Immunoassay (ELISA) accounted for the second largest market share after consumables due to high sensitivity and wide application in a number of diagnostic tests. However, the introduction of high throughput techniques and automation of screening processes is also fueling the demand for chemiluminescence assays.

Application-wise, the immunoassay instruments market is segmented into therapeutic drug monitoring, oncology, cardiology, endocrinology, infectious disease testing and autoimmune disease. The increasing prevalence of infectious diseases, like tuberculosis, cholera, and typhoid, and chronic conditions, such as cancer, autoimmune disorders, etc., which require early diagnosis, prevention, and treatment, is one of the key factors driving the demand for immunoassay analyzers and compact consumable products in the healthcare sector. Increasing cross-country migration, unhealthy sanitary habits, and drug resistance due to genetic mutations in viruses and bacteria, are resulting in rising incidences of infectious diseases across the world. The high prevalence of infectious diseases, coupled with government initiatives to limit hospital acquired infections, which has led to the adoption of diagnostic measures, resulted in the infectious disease testing segment commanding the largest market share among all applications in 2015.

Regarding region-wise performance, the constant introduction and adoption of automated as well as advanced techniques for laboratory instruments and analyzers in developed countries is driving the overall market growth. In 2015, North America captured the largest revenue share of around 37% of the global market, on the back of continuous research on treatment of infectious diseases and subsequent grants from government healthcare agencies. The growing geriatric population in India, China, and Japan has led to an increase in the prevalence of infectious diseases and various chronic conditions, thus promoting the utilization of immunoassays in the region. The market in Asia Pacific is also receiving a boost from major pharmaceutical players shifting their manufacturing facilities to the region, which offers affordable and skilled labor along with advanced manufacturing infrastructure.

Going forward, the expected CAGR of around 5% in the global immunoassay instruments market from 2016 to 2024 will be led by the consumables segment, which is likely to record the fastest growth with a CAGR of 5.5%, driven by the introduction of improved and user-friendly products such as portable kits and paper-based electrochemical devices. The chemiluminescence assays segment is also expected to record a significant growth rate over the forecast period. Asia Pacific is expected to witness the fastest growth with a CAGR of 7.0% from 2016 to 2024, aided further by the booming medical tourism industry in the region that is expected to fuel the demand for immunoassays in countries such as Japan, China, Malaysia, Thailand, and India.

Related Links:
Grand View Research


New
Gold Member
Immunochromatographic Assay
CRYPTO Cassette
Collection and Transport System
PurSafe Plus®
New
Gold Member
Cardiovascular Risk Test
Metabolic Syndrome Array I & II
New
Automated Chemiluminescence Immunoassay Analyzer
MS-i3080
Read the full article by registering today, it's FREE! It's Free!
Register now for FREE to LabMedica.com and get access to news and events that shape the world of Clinical Laboratory Medicine.
  • Free digital version edition of LabMedica International sent by email on regular basis
  • Free print version of LabMedica International magazine (available only outside USA and Canada).
  • Free and unlimited access to back issues of LabMedica International in digital format
  • Free LabMedica International Newsletter sent every week containing the latest news
  • Free breaking news sent via email
  • Free access to Events Calendar
  • Free access to LinkXpress new product services
  • REGISTRATION IS FREE AND EASY!
Click here to Register








Channels

Clinical Chemistry

view channel
Image: The study highlights the potential of cCAFs as a biomarker for early diagnosis and prognosis (H J Woo et al., Analytical Chemistry (2025). DOI: 10.1021/acs.analchem.5c02154)

Simultaneous Cell Isolation Technology Improves Cancer Diagnostic Accuracy

Accurate cancer diagnosis remains a challenge, as liquid biopsy techniques often fail to capture the complexity of tumor biology. Traditional systems for isolating circulating tumor cells (CTCs) vary in... Read more

Hematology

view channel
Image: New research points to protecting blood during radiation therapy (Photo courtesy of 123RF)

Pioneering Model Measures Radiation Exposure in Blood for Precise Cancer Treatments

Scientists have long focused on protecting organs near tumors during radiotherapy, but blood — a vital, circulating tissue — has largely been excluded from dose calculations. Each blood cell passing through... Read more

Immunology

view channel
Image: The VENTANA HER2 (4B5) test is now CE-IVDR approved (Photo courtesy of Roche)

Companion Diagnostic Test Identifies HER2-Ultralow Breast Cancer and Biliary Tract Cancer Patients

Breast cancer is the most common cancer in Europe, with more than 564,000 new cases and 145,000 deaths annually. Metastatic breast cancer is rising in younger populations and remains the leading cause... Read more

Technology

view channel
Image: Conceptual design of the CORAL capsule for microbial sampling in the small intestine (H. Mohammed et al., Device (2025). DOI: 10.1016/j.device.2025.100904)

Coral-Inspired Capsule Samples Hidden Bacteria from Small Intestine

The gut microbiome has been linked to conditions ranging from immune disorders to mental health, yet conventional stool tests often fail to capture bacterial populations in the small intestine.... Read more
Copyright © 2000-2025 Globetech Media. All rights reserved.