Immunoassays Market Poised for Robust Growth at a 6.2% CAGR through 2033

The global immunoassays market is projected to experience significant growth, with its market size expected to rise from USD 31.9 billion in 2023 to approximately USD 58.2 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2033. This growth is driven by several key factors, including the increasing prevalence of chronic and infectious diseases, technological advancements in immunoassay systems, and the rising adoption of immunoassays in diagnostic applications.

Key growth drivers include the widespread use of immunoassays in detecting and monitoring infectious diseases, oncology, cardiology, and endocrinology. For instance, the enzyme immunoassays (EIA) segment held a dominant market share of 63.39% in 2023, largely due to its applications in diagnosing a variety of diseases. Rapid tests, known for their quick turnaround times and simplicity, are also contributing significantly to market expansion, especially for point-of-care testing.

Recent developments in the market include the introduction of innovative products and systems. For example, in 2023, Sysmex Corporation launched a fully automated chemiluminescence immunoassay system, and SEKISUI Diagnostics introduced a home-based COVID-19 antigen test. These advancements are expected to enhance the efficiency and accessibility of immunoassays, further propelling market growth.

However, the market faces challenges such as stringent regulatory requirements and technical complexities in immunoassay kits. Additionally, the shortage of skilled professionals to operate advanced immunoassay systems poses a barrier to growth. Despite these challenges, opportunities are emerging in developing regions like Asia-Pacific, where the market is expected to grow at the highest rate due to the large target population and increasing prevalence of chronic disorders.

Overall, the immunoassays market is poised for robust growth, driven by technological innovations and the rising demand for effective diagnostic tools in healthcare.

Key Takeaways

• Reagents and Kits led the market in 2023 with a 65% share due to their broad use in diagnostics, food safety, and research.
• Enzyme Immunoassays (EIA) held a 64.66% market share, recognized for their accuracy and versatility in diagnostics and research.
• Infectious Disease Testing accounted for over 29% market share, highlighting its essential role and high demand in the immunoassays market.
• Hospitals were the major end-users, with a 34.1% market share, showcasing their pivotal role in healthcare and immunoassay adoption.
• North America led the global immunoassays market in 2023 with a 38.5% share, driven by a robust healthcare system and strict regulatory standards.
• The immunoassays market, valued at USD 31.9 billion in 2023, is projected to reach USD 58.2 billion by 2033, with a CAGR of 6.2%.
• Siemens Healthineers, bioMérieux SA, Abbott Laboratories, and Quidel Corporation were key players, driving innovation in the market.
• Abbott introduced the Alinity h-series hematology system, enhancing efficiency in blood count tests, reflecting continuous advancements in diagnostics.
• The FDA’s stringent standards boosted immunoassay use in clinical diagnostics, contributing to North America’s market leadership.
• Western Europe, APAC, Latin America, and the Middle East & Africa offered diverse market dynamics and growth opportunities in the immunoassays sector.

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Immunoassays Market Key Segments

Product

• Reagents & Kits
  • ELISA Reagents & Kits
  • Rapid Test Reagents & Kits
  • ELISPOT Reagents & Kits
  • Western Blot Reagents & Kits
  • Other Reagents & Kits
• Analyzers/Instruments
  • Open Ended Systems
  • Closed Ended Systems
• Software & Services

Specimen

• Blood
• Saliva
• Urine
• Other Specimens

Technology

• Radioimmunoassay (RIA)
• Enzyme Immunoassays (EIA) Rapid Test
• Chemiluminescence Immunoassays (CLIA)
• Fluorescence Immunoassays (FIA)
• Other Technologies

Application

• Therapeutic Drug Monitoring
• Oncology
• Cardiology
• Endocrinology
• Infectious Disease Testing
• Autoimmune Diseases
• Other Applications

End-use

• Hospitals
• Blood Banks
• Clinical Laboratories
• Pharmaceutical and Biotech Companies
• Academic Research Centers
• Other End-Users

Key Regions

• North America (The US, Canada, Mexico)
• Western Europe (Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, Rest of Western Europe)
• Eastern Europe (Russia, Poland, The Czech Republic, Greece, Rest of Eastern Europe)
• APAC (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Rest of APAC)
• Latin America (Brazil, Colombia, Chile, Argentina, Costa Rica, Rest of Latin America)
• Middle East & Africa (Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, Rest of MEA)

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Key Players Analysis

Siemens Healthineers offers a wide range of immunoassay systems designed to enhance laboratory efficiency and patient care. Their platforms, such as the Atellica Solution and the ADVIA Centaur XPT Immunoassay System, provide accurate and timely results for complex diagnostic needs. These systems streamline workflows with features like continuous operation and seamless connectivity, supporting laboratories in managing high workloads and improving diagnostic accuracy. Their products are recognized for reliability and ease of use, making them a critical component in clinical diagnostics.

bioMérieux SA specializes in in vitro diagnostics and is a prominent player in the immunoassay market. Their VIDAS immunoassay platform is widely used for various clinical applications, including infectious diseases, oncology, and cardiovascular diseases. Known for its ease of use and reliability, the VIDAS system provides rapid, high-quality results that aid in timely and accurate patient management. The company’s focus on innovation and expanding test menus ensures that bioMérieux remains at the forefront of immunoassay technology, supporting healthcare providers worldwide.

Abbott Laboratories is a leading name in the immunoassay sector with its ARCHITECT and Alinity platforms. These systems are designed for high-throughput environments, offering a broad test menu that includes assays for infectious diseases, hormones, and oncology markers. Abbott’s immunoassay solutions are renowned for their precision and efficiency, providing laboratories with reliable tools for comprehensive diagnostic testing. The company’s commitment to innovation and quality ensures that their products meet the evolving needs of the healthcare industry.

Beckman Coulter, a subsidiary of Danaher Corporation, offers robust immunoassay solutions through its Access and UniCel DxI series. These systems are engineered for high performance, delivering fast and accurate results essential for clinical decision-making. Beckman Coulter’s immunoassay analyzers are known for their automation capabilities, reducing manual intervention and enhancing laboratory productivity. With a strong focus on developing new assays, Beckman Coulter continues to support diverse diagnostic needs across various medical disciplines.

Quidel Corporation is known for its rapid diagnostic solutions, including the Sofia and Solana immunoassay platforms. These systems are designed to deliver quick and accurate results, particularly in point-of-care settings. Quidel’s immunoassay products are widely used for detecting infectious diseases, respiratory conditions, and other critical health markers. The company emphasizes innovation and accessibility, making their diagnostic tools essential for timely patient care and disease management.

Immunoassays Market Key Players:

• Siemens Healthineers
• bioMérieux SA
• Abbott Laboratories
• Danaher Corporation (Beckman Coulter)
• Quidel Corporation
• Ortho Clinical Diagnostics
• Sysmex Corporation
• Bio-Rad Laboratories Inc.
• Becton, Dickinson, and Company
• F. Hoffmann-La Roche AG
• Thermo Fisher Scientific Inc.

Immunoassays Market Report Scope >> Market Value (2023): USD 31.9 Billion || Forecast Revenue (2033): USD 58.2 Billion || CAGR (2024-2033): 6.2% || Base Year Estimation: 2023 || Historic Period: 2019-2022 || Forecast Period: 2024-2033.

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