Immunoassay has become essential laboratory technique that can be used to measure concentration of different analytes. Immunoassay systems are thus essentially adopted by virtually all the diagnostic laboratories, academic and research institutes, hospital diagnostic centers and other potential end users. Introduction of multiplex immunoassays has further expanded the applications of immunoassay systems in different industries such as pharmaceutical companies, biotechnology and life science industries, food and beverage industries, environment control measurements etc.
The global market for immunoassay systems is expected to be driven by adoption of immunoassay systems by academic and research institutes in U.S. and Europe. Moreover, continuous increase in R&D expenditures and increasing research grants and government funding to research laboratories would further increase the demand for immunoassay systems.
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The global market for immunoassay systems is segmented on basis of product type, technology, end user and geography:
Product Type
- Fluorescence Immunoassay Systems
- Chemiluminescence Immunoassay Systems
- Nephelometric Immunoassay Systems
- Radio Immunoassay Systems
- Others
Technology
- Single Plex Immunoassay Systems
- Multiplex Immunoassay Systems
End User
- Diagnostic Centers
- Pharmaceutical Companies
- Academic and Research Institutes
- Government Agencies
- Others
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Based on product type, fluorescence and chemluminescence immunoassay systems collectively contributed highest share in global immunoassay systems market so far. Based on end user, global immunoassay systems market has been segmented into diagnostic centers, pharmaceutical companies, academic and research institutes, government agencies and others. Diagnostic laboratories and pharmaceutical companies contribute highest share in global immunoassay systems maret.
The global market for immunoassay systems is expected to be driven by adoption of immunoassay systems by academic and research institutes in U.S. and Europe. Moreover, continuous increase in R&D expenditures and increasing research grants and government funding to research laboratories would further increase the demand for immunoassay systems.
Growing automation in diagnostic laboratories would demand the more use of automated immunoassay systems in order to fulfil the need for performing more in less cost. Recent advancements in multiples immunoassay and expansion of its applications in veterinary diagnostics and food contamination testing would expand the install base of immunoassay systems in these industries.
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Regionally, global immunoassay systems market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America clearly dominates the global market for immunoassay systems due to huge install base and growing adoption of these systems in academics and research institutes.
Europe is expected to be the second largest market for immunoassay systems owing to consolidation of immunoassay system providers and manufacturers in the region in recent years. Asia pacific immunoassay systems market is expected to witness impressive growth rate over the forecast period of 2017–2025, primarily due to high demand for immunoassay systems in Japan and Australia.
Some of the players identified in global immunoassay systems market include Siemens Healthcare Private Limited, Beckman Coulter, Inc. (Danaher Corporation), Thermo Fisher Scientific Inc., Promega Corporation, Immunodiagnostic Systems Inc., Bio Rad Laboratories Inc., EMD Millipore (Merck KGaA), F. Hoffmann-La Roche Ltd. etc. among others.
All the companies operating in immunoassay systems market also provide immunoassay kits and reagents specific to their systems. Major players are trying to maximize their install base for immunoassay systems on the basis of long term contracts with the end customer to purchase reagents and kits specific to their immunoassay system.
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