Immunodiagnostics Market By Product (Reagents, Instruments, Software & Services), Technology (ELISA, CLIA, RIA, FIA, Rapid Test, Others), End User (Clinical Laboratories, Hospitals, Academic & Research Centers, Pharmaceutical & Biotechnology Industry, Diagnostic Centers, Others), Application (Oncology & Endocrinology, Hepatitis & Retrovirus Testing, Infectious Disease Testing, GI Stool Testing, Autoimmune Disorders, Bone & Mineral Diseases, Cardiac Biomarkers, Others), Type (Immunodiagnostic Instruments, Immunoassays), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Immunodiagnostics Market
Global immunodiagnostics market is expected to rise from to an estimated value of USD 24.89 billion by 2026 registering a substantial CAGR of 7.80% in the forecast period of 2021-2026. This rise in the market can be attributed to rising prevalence of chronic diseases and technological advancements.
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Market Definition: Global Immunodiagnostics Market
Immunodiagnostics is a diagnostic method that uses antigen-antibody reactions to measure the presence of molecules in biological fluids. It is used primarily for detecting and diagnosing infectious diseases, chronic diseases (cancer, cardiovascular diseases), autoimmune disease, hormonal disorder etc. These tests are also used to distinguish between compatible blood types. They provide precise, quick and accurate results and hence are gaining importance.
Market Drivers
Growing ageing & geriatric population would also boost the growth of this market as they are more prone to chronic and infectious diseases
Rising need for correct, error free and speedy diagnostic tests
Growing awareness regarding the benefits of immunodiagnostics drives the growth of this market
Rising adoption of point of care testing (POCT) drives the demand for this market
Rising volumes of test due to the integration of laboratories would boost the growth of this market
Market Restraints
Stringent regulations imposed by the government hinder the growth of this market
Cost of immunodiagnostics being expensive restrains its growth
Segmentation: Global Immunodiagnostics Market
By Product
- Reagents
- Instruments
- Software & Services
By Technology
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Chemiluminescence Immunoassay (CLIA)
- Radioimmunoassay (RIA)
- Fluorescence Immunoassay (FIA)
- Rapid Tests
- Others
By End User
- Clinical Laboratories
- Hospitals
- Academic & Research Centers
- Pharmaceutical & Biotechnology Industry
- Diagnostic Centers
- Others
By Application
- Oncology & Endocrinology
- Hepatitis & Retrovirus
- Infectious Disease
- GI Stool Testing
- Autoimmune
- Bone & Mineral
- Cardiac Biomarkers
- Others
By Type
- Immunodiagnostic Instruments
- Immunoassays
By Geography
- North America
- S.
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East and Africa
Key Developments in the Market:
In March 2019, Oncimmune Holdings plc acquired Protagen Diagnostics AG. Protagen is a leader in drug development for both immuno-oncology and autoimmune disease. With this acquisition, Oncimmune along with its expertise in immunogenic product development would expand its client base by combining Protagen’s biomarker discovery capabilities, thereby accelerating product innovation and development process, bringing about advancements in immunodiagnostics.
In March 2016, DiaSorin S.p.A. in order to expand its client base, product portfolio, and presence in growing infectious disease molecular testing market acquired Focus Diagnostics' immunodiagnostic & molecular diagnostic products business from Quest Diagnostics. Therefore, with this acquisition there would be development and innovations in the immunodiagnostic and infectious disease market.
Competitive Analysis: Global Immunodiagnostics Market
Global immunodiagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of immunodiagnostics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Immunodiagnostics Market
Few of the major market competitors currently working in the immunodiagnostics market are Abbott., F. Hoffmann-La Roche Ltd, Danaher., Adaptive Biotechnologies., QIAGEN, AMARANTUS BIOSCIENCE HOLDINGS, INC., AESKU.GROUP GmbH & Co. KG, Avant Diagnostics, Inc., bioMérieux SA, Inova Diagnostics, Inc., OraSure Technologies, Myriad Genetics, Inc, Omega Diagnostics Group PLC, Nexus-Dx, Protagen, Quest Diagnostics Incorporated., Seramun Diagnostica GmbH., SQI Diagnostics, Tecan Trading AG, Siemens Healthcare GmbH, DiaSorin, Erba Diagnostics, Svar Life Science and Exagen Inc. amongst others.
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