According to a new market research report the Immunoassay Market is expected to reach around $23.7 Billion by 2019 with a CAGR of 9.7% from 2014 to 2019.

Browse 352 market data tables and 40 figures spread through 305 pages and in-depth TOC on "Immunoassay Market"

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The report segments the Immunoassay Market based on technology, products and services, technologies, applications, end users, and regions. Among the various products and services available, the reagents and kits segment accounted for the largest share of the immunoassay market in 2014. This segment is also expected to grow at the highest CAGR during the forecast period, owing to the increase in immunoassay tests conducted due to rising aging population, rising number of chronic diseases, increased variety of reagents and the analytical techniques employed, trends like the high-growth at-home testing market, and accessibility to a wide range of reagents.

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The immunoassay market is a growing field that has witnessed a number of technological advancements since its inception, such as the shift from first-generation to advanced fourth-generation ELISA tests. This market is driven by several factors including the rising incidences of chronic and infectious diseases; expanding biotechnology and pharmaceutical industries; extensive usage of immunoassays in oncology; sensitivity, cost-effectiveness, and rapidness offered by immunoassays; technological advancements; and the growing geriatric population. However, the low detection limits of immunoassays and implementation of excise duty by the U.S. government are expected to restrain the growth of the immunoassay market in the forecast period.

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Based on region, the global Immunoassay Market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). In 2014, North America accounted for the largest share of the market, while Asia is expected to witness the highest growth rate.

Key players in the Immunoassay Market include are Roche Diagnostics (Switzerland), Siemens Healthcare (Germany), Abbott Laboratories (U.S.), Beckman Coulter (U.S.), Ortho Clinical Diagnostics (U.S.), and bioMérieux (France).

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