Asia-Pacific Immunoassays Market is all set to grow at a CAGR of 10.12%
Posted by rohan on December 26th, 2017
According to the report “Asia-Pacific Immunoassays Market,” published by Market Data Forecast, the global market is projected to reach USD 5.32 billion by 2021 from USD 3.29 billion in 2016, at a CAGR of 10.12% from 2016 to 2021.
Immunoassays are bio analytical methods in which the quantisation of the analyte depends on the reaction of an antigen (analyte) and an antibody. Immunoassays have been widely used in many important areas of pharmaceutical analysis such as diagnosis of diseases, therapeutic drug monitoring, clinical pharmacokinetic and bioequivalence studies in drug discovery and pharmaceutical industries. The importance and widespread of immunoassay methods in pharmaceutical analysis are attributed to their inherent specificity, high- throughput, and high sensitivity for the analysis of wide range of analytes in biological samples. Recently, marked improvements were achieved in the field of immunoassay development for the purposes of pharmaceutical analysis. These improvements involved the preparation of the unique immunoanalytical reagents, analysis of new categories of compounds, methodology, and instrumentation.
Get a comprehensive overview of the Asia-Pacific Immunoassays market: http://www.marketdataforecast.com/market-reports/asia-pacific-immunoassays-market-1571/
Asia-Pacific Immunoassays Market: Drivers & Restraints
The key drivers of Asia-Pacific immunoassays market are rising prevalence of infectious diseases, increasing ageing population, advancements in novel assays in various diseases such as Cardiology and oncology, growing applications in diagnosting drug monitoring tests, infectious diseases and identification of cancer biomarkers, increasing need of reagents, sensitive assays and analytical techniques, availability of wide range of reagents, introduction of novel biomarkers, growing government and corporate investment in the pharmaceutical and biotechnology segment in emerging markets. Lack of reimbursement policies, adoption of immunoassays in emerging markets, stringent regulations for storage are hampering the growth of the market.
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Asia-Pacific Immunoassays market: Segmentation
From simple data collation through secondary and primary research toad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/asia-pacific-immunoassays-market-1571/customize-report
Asia-Pacific Immunoassays market: Overview
Immunoassays are characterized by high specificity, sensitivity, and low costs. It is estimated to be the second-fastest growing sector of IVD after molecular diagnostics. The Immunoassays Market will be driven by factors such as growing incidences of chronic and infectious diseases, increasing aging population, ongoing technological innovations, increasing demand for non-invasive diagnostic tools and techniques, and the identification and introduction of novel biomarkers. The availability of novel tests based on condition-specific markers and increasing adoption of immunoassay tests in emerging countries are also factors that exhibit growth opportunities for the Immunoassays Market. There is also an increasing demand for Lateral flow (LF) tests due to the need for immediate medical information and the demand for rapid test results, easy and convenient access, accuracy, and sensitivity. Thus LF tests are driving the Immunoassays Market.
Asia-Pacific Immunoassays market: Region-wise Outlook
Based on geography the market is analysed under various regions namely, China, India, Japan, South Korea and Australia. Australia and Japan are most likely to increase in the forecast period due to rising healthcare expenditure in the region.
Key Questions Answered
Asia-Pacific Immunoassays market: Key Players
Key players influencing the Asia-Pacific Immnoassays market are Roche Diagnostics, DiaSorin S.p.A, Beckman Coulter, Siemens Healthcare, Ortho Clinical Diagnostics, bioMerieux, Thermo Fisher Scientific and Abbott Laboratories, Akers Biosciences, Inc, Becton Dickinson and Company, Devon Medical Products, EDP Biotech Corporation, Hologic (Gen-Probe), Intrinsic LifeSciences.
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Joined: September 20th, 2017
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