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
Sign In
Advertise with Us
Abbott Diagnostics

Download Mobile App


ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Global Immunoassay Market to Reach USD 19.76 Billion by 2025 with Increased Use in Oncology

By LabMedica International staff writers
Posted on 29 Aug 2019
Print article
Image: The global immunoassay market is projected to reach almost USD 20 billion by 2025 (Photo courtesy of iStock).
Image: The global immunoassay market is projected to reach almost USD 20 billion by 2025 (Photo courtesy of iStock).
The global immunoassay market is projected to grow at a CAGR of 5.9% from 2019 to reach USD 19.76 billion by 2025, driven by increasing incidences of chronic and infectious diseases, growing use of immunoassay in oncology, rise in drug and alcohol testing, and technological advancements in immunoassay. The emerging markets and increasing epidemic potentials offer significant growth opportunities for players operating in the market. However, the limitations of immunoassay and development of alternative technologies are expected to hinder the adoption of immunoassay products.

These are the latest findings of Research and Markets, (Dublin, Ireland), a global market research company.

Based on product, the immunoassay kits and reagents segment is expected to account for the largest share of the global immunoassay market in 2019 due to the increasing number of immunoassay tests being performed across the world driving the recurrent purchase of kits and reagents. Within the immunoassay kits and reagents segment, ELISpot kits and reagents are projected to grow at the highest CAGR during the forecast period, led by the rising incidences of chronic diseases across the world, growing vaccine development to address the challenge of antimicrobial resistance, and technological advancements in ELISpot assay kits and analyzers.

On the basis of application, the infectious diseases segment is expected to hold the largest share of the global immunoassay market in 2019, mainly due to rising incidences of infectious diseases and growing adoption of immunoassay diagnostics in infectious diseases. However, the oncology segment is expected to record the highest CAGR during the forecast period on the back of the rising prevalence of cancer, increasing focus on tumor market development, technological advancements, and growing awareness about cancer.

Geographically, North America dominated the global immunoassay market with the largest share in 2018, mainly due to the rising incidence of infectious diseases, growing prevalence of cancer, and increasing healthcare expenditure, along with the presence of major immunoassay players and highly developed healthcare infrastructure in the region.

Related Links:
Research and Markets

Print article



view channel
Image: An enzyme-linked immunosorbent assay for mannose-binding lectin found that this molecule is associated with coagulopathy in severe COVID-19 patients (Photo courtesy of Getty Images).

Mannose-Binding Lectin Associated with Coagulopathy in Severe COVID-19

The ongoing COVID-19 pandemic has caused significant morbidity and mortality worldwide, as well as profound effects on society. COVID-19 patients have an increased risk of thromboembolic (TE) complications,... Read more
Copyright © 2000-2020 Globetech Media. All rights reserved.