Immunoassay Market Growth Driven by ELISA to Hit 8.2% CAGR to 2021

PUNE, India, November 21, 2016 /PRNewswire/ --

The worldwide immunoassay market to 2021 is propelled by extensive use of immunoassays in oncology, technological advancements and cost-effectiveness & rapid analysis of immunoassays while reagents & kits segment is expected to dominate globally with more than 8% CAGR to hit USD 25.45 billion by 2021

Complete report on immunoassay market spread across 185 pages, profiling 10 companies and supported with 139 tables and 44 figures is now available at http://www.reportsnreports.com/reports/269708-immunoassay-market-technology-enzyme-fluorescent-chemiluminescence-radioimmunoassay-analyzers-reagents-applications-infectious-diseases-cancer-endocrinology-cardiology-end-users-hospitals-laboratory-academics-global-forecast-to-2018.html .

The immunoassay market is expected to reach USD 25.45 billion by 2021 from USD 17.16 billion in 2016 at a CAGR of 8.2%. The global immunoassay market is segmented based on product & service, technology, application, end user, and region. The reagents & kits segment is expected to account for the largest market share of the immunoassay market during the forecast period. The high growth in this segment can be attributed to the expanding use of immunoassay tests worldwide.

On the basis of technology, the ELISA segment is expected to account for the largest share of the market in 2016. Expanding use of immunoassay tests in cancer, point-of-care in vitro diagnostics, infectious disease testing, and therapeutic drug level monitoring as well as the introduction of novel biomarkers will drive the growth of this market.

On the basis of application, the market is segmented into infectious diseases, endocrinology, bone and mineral disorders, oncology, cardiology, hematology and blood screening, autoimmune diseases, toxicology, neonatal screening, and other applications. The rise in incidence of HIV, tuberculosis, hepatitis, and other hospital-acquired infections has fueled the demand for immunoassay tests in the infectious diseases segment.

Geographically, the immunoassay market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Growth in the North American region is primarily driven by rapidly increasing aging population and the concomitant rise in the prevalence of diseases as well as the growing life expectancy.

The major players in this market include F. Hoffmann-La Roche Ltd. (Switzerland), Siemens AG (Germany), Abbott Laboratories, Inc. (U.S.), Beckman Coulter, Inc. (U.S.), Ortho-Clinical Diagnostics, Inc. (U.S.), and bioMérieux SA (France). Order a copy of Immunoassay Market by Product & Service (Reagents & Kits, Analyzers, Software, Services), Technique (ELISA, Rapid Test), Application (Infectious Diseases, Endocrinology, Oncology), End User (Clinical Labs, Hospitals) - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=269708 .

The major factors contributing to the growth of the immunoassay market include rising incidences of chronic diseases, extensive use of immunoassays in oncology, technological advancements, cost-effectiveness & rapid analysis of immunoassays.

On a related note, another research on Radioimmunoassay Market Global Forecast to 2020 says, the global radioimmunoassay (RIA) market constituted 2.3% share of the global immunoassay market. The global market is expected to reach $428.4 million by 2020, at a CAGR of 3.5% during the forecast period from 2015 to 2020. Oncology testing is the largest application segment and is expected to hold the largest market share. Companies like DIAsource ImmunoAssays SA, Beckman Coulter, Inc., IBL International, PerkinElmer, Inc., DRG International, Inc., MP Biomedicals, LLC, Cisbio, Euro Diagnostica AB, DiaSorin S.p.A., EMD Millipore, Izotop, Berthold Technologies GmbH & Co. KG and  Stratec Biomedical AG have been profiled in this 113 pages research report available at http://www.reportsnreports.com/reports/430222-radioimmunoassay-market-by-type-reagents-kits-analyzers-end-user-hospital-pharmaceutical-industry-academics-clinical-diagnostic-labs-application-research-clinical-diagnostics-and-geography-global-forecast-to-2020.html .

Explore more reports on the medical devices market at http://www.reportsnreports.com/market-research/medical-devices/ .

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