Immunoassay Market Players Seek Novel Antibody Solutions to Contagion: Fact.MR

Immunoassay developers are investing in research for to expand product portfolios with new offerings incorporating advanced functionalities to keep up with the requirement of the covid-19 pandemic.

ROCKVILLE, MD / ACCESSWIRE / July 21, 2020 / The immunoassay market is anticipated to rise with a healthy 6% CAGR during the period of scrutiny between 2020 to 2026. The Fact.MR report states that immunoassay developers around the world are focusing their resources towards the generation of testing systems to produce novel antibody tests unique to the covid-19 virus. The lack of a cure for the contagion will boost market prospects in months ahead in 2020.

“The rapid growth of the geriatric population is a major factor supporting the growth of the immunoassay market. The decline in immunity capabilities among the elderly and the resultant rise in risk of disease such as hypertension, arthritis, dementia, and diabetes will sustain demand in the market for the foreseeable future,” says the Fact.MR analyst.

Request a report sample to gain more market insights at

https://www.factmr.com/connectus/sample?flag=S&rep_id=4766

Immunoassay Market – Important Takeaways

• Reagents and kits account for major revenue share owing to extensive application in detection of chronic ailment-causing pathogens.
• Enzyme-linked immunosorbent assays hare highly sought after, owing to vaccine development, infectious disease testing, and allergy detection applications.
• North America is a major market for immunoassays owing to high investments in healthcare infrastructure and access to new medical devices.

Immunoassay Market – Driving Factors

• Rising global numbers of infectious and chronic ailments is a key factor supporting the production and adoption of immunoassays.
• Growing cost-effectiveness and tech advancements are increasing the requirement for immunoassay analysis tools.
• Expansion of the pharma and biotech industries are key drivers to the immunoassay market.

Immunoassay Market – Leading Constraints

• High taxation on immunoassay products are a key challenge to immunoassay market players.
• Limited detection capabilities of current immunoassay technologies hinder adoption rates.

Anticipated Market Impact by Coronavirus Outbreak

The prospects of the immunoassay market have been bolstered by the coronavirus pandemic. Major market players are redirecting their resources towards product development for effective testing of likely antibody solutions to contain the covid-19 virus. Clinical trials will remain a key strategy for market players during this crisis period. Demand for immunoassays is likely to remain strong even after the end of the pandemic, owing to widespread diagnostics requirements.

Explore the global immunoassay market with 88 figures, 90 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/4766/immunoassay-market

Competition Landscape

Leading producers in the immunoassay market are Beckman Coulter Inc., F. Hoffmann La-Roche Ltd., Siemens Healthineers, and Abbott Laboratories. Manufacturers are increasingly investing in product development initiatives, and regulatory approval for their offerings to bolster their market presence. For instance, Salofa announced the emergency use authorization of its SARS-CoV-2 lateral flow immunoassay.

More on the Report

The FACT.MR’s market research report provides in-depth insights on immunoassay market. The market is scrutinized according to technology (chemiluminescence immunoassay, enzyme-linked immunosorbent assay, enzyme linked fluorescence assay, radioimmunoassay, and others), product (analyzer and consumables), application (infectious diseases, endocrinology, oncology, cardiology, orthopedics, and others) and end user (hospitals & diagnostic laboratories, blood banks, and others) across six key regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East and Africa).

Explore Wide-ranging Coverage of FACT.MR’s Healthcare Landscape

Chemiluminescence Immunoassay (CLIA) Analyzers Market: Find insights on the global Chemiluminescence Immunoassay (CLIA) Analyzers Market with analysis of segments, statistics, influencers, market players and business strategies adopted over a 5-year forecast period.

Cytomegalovirus Assay Market: FACT.MR’s report on the global Cytomegalovirus Assay Market offers insights on the market set for strong growth during 2017-2027, including restraining forces, revenue sources, market leaders, and market strategies.

Ambulance Equipment Market: Read an analysis on the ambulance equipment market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.

About Fact.MR

Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, Ireland, and has delivery centers in the U.S. and India. FACT.MR’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1534/global-immunoassay-market

SOURCE: Fact.MR

View source version on accesswire.com:
https://www.accesswire.com/598283/Immunoassay-Market-Players-Seek-Novel-Antibody-Solutions-to-Contagion-FactMR