New York – January 4, 2024 - Research Nester’s recent market research analysis on “Enzyme-linked Immunosorbent Assay Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global enzyme-linked immunosorbent assay market in terms of market segmentation by type, end user, and by region.

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Expanding Biopharmaceutical Research to Promote Global Market Share of Enzyme-linked Immunosorbent Assay

The surge in biopharmaceutical research activities has emerged as a key growth driver for the ELISA market. ELISA plays a pivotal role in drug discovery, development, and quality control processes within the pharmaceutical and biotechnology sectors. Researchers utilize ELISA to quantify biomolecules, detect potential drug targets, and assess the efficacy and safety of therapeutic candidates. With the increasing focus on personalized medicine and the development of biologics, the demand for accurate and reliable analytical tools like ELISA is expected to witness sustained growth. The biopharmaceutical industry's expanding pipeline of novel drugs further propels the adoption of ELISA as an indispensable tool in the quest for innovative and effective therapeutics. The pharmaceutical and biotechnology segment accounted for a significant share of the industry, with a valuation exceeding USD 1.5 billion in the year 2019.

Some of the major growth factors and challenges that are associated with the growth of the global enzyme-linked immunosorbent assay market are:
Growth Drivers:
• Increasing Diagnostics and Screening Programs
• Growing Prevalence of Infectious Diseases
Challenges:
The development of new ELISA assays can be a time-consuming and expensive process, involving the production of specific antibodies and optimization of assay conditions. The high cost of development may pose a challenge for smaller research laboratories or facilities with limited budgets, potentially hindering the widespread adoption of ELISA for certain applications.

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The sandwich ELISA segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. One of the primary growth drivers for the sandwich ELISA segment is its exceptional sensitivity and specificity. Sandwich ELISA involves the capture of an antigen between two layers of antibodies, ensuring a highly specific interaction. This precise binding mechanism contributes to the accurate detection of target molecules even at extremely low concentrations. Researchers and diagnostic laboratories value this attribute, especially in applications where detecting trace amounts of a particular antigen is crucial, such as in the early diagnosis of certain diseases.

By region, the Europe enzyme-linked immunosorbent assay market is to generate a notable revenue by the end of 2036. Europe faces a rising prevalence of chronic diseases, such as cardiovascular disorders, diabetes, and cancer. ELISA, with its ability to accurately detect and quantify specific biomarkers associated with these conditions, is a vital tool for disease diagnosis, monitoring, and research. The growing burden of chronic diseases drives the demand for advanced diagnostic methods, fueling the expansion of the ELISA market in Europe. Europe is at the forefront of adopting advanced healthcare technologies. Ongoing technological innovations in diagnostic tools and platforms enhance the efficiency and accuracy of diagnostic processes. ELISA, as a well-established and adaptable technology, benefits from these advancements, contributing to its sustained use in clinical and research settings across Europe.

This report also provides the existing competitive scenario of some of the key players of the global enzyme-linked immunosorbent assay market which includes company profiling of Thermo Fisher Scientific Inc., PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Merck KGaA (EMD Millipore), F. Hoffmann-La Roche Ltd., Siemens Healthineers AG, and others.

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