The global immunoassay tests market has experienced significant growth in terms of revenue, with a notable compound annual growth rate (CAGR) of 17.4% from USD 18,820 million in 2020 to USD 30,448 million in 2023. The high growth rate of the global immunoassay tests market can be attributed to several key factors. There has been a notable increase in awareness of immunoassays, leading to a greater adoption of innovative immunoassay technology within diagnostic laboratories. Furthermore, the heightened demand for rapid diagnosis of infections, particularly during the COVID-19 pandemic, has significantly contributed to the market’s expansion.
Moreover, the Lateral Flow Immunoassay and Multiplex Immunoassay segment is anticipated to exhibit the highest compound annual growth rate (CAGR) of 4.2% during the forecast period from 2023 to 2028. This projected growth can be attributed to several factors, including the reopening of healthcare facilities such as clinics and hospitals, and the resumption of routine diagnostic procedures following the relaxation of COVID-19 restrictions. Additionally, the surge in COVID-19 cases in China has further underscored the importance of rapid and accurate diagnostic tools, thereby driving the demand for immunoassay tests within this segment. These factors collectively contribute to the anticipated growth and dominance of the Lateral Flow Immunoassay and Multiplex Immunoassay segment in the global market.
The valuation of the North American immunoassay tests market is anticipated to ascend to USD 17,437 million by 2028. This projected growth can be attributed to several key factors, including the healthcare policies in place that grant most Americans access to preventive healthcare. These policies have played a significant role in fostering a healthcare environment that emphasizes proactive measures to maintain health and prevent diseases, consequently driving the demand for immunoassay tests. Furthermore, the well-established healthcare infrastructure in the United States has been instrumental in facilitating the widespread adoption and utilization of immunoassay tests. This robust infrastructure, comprising advanced diagnostic facilities, proficient healthcare professionals, and a strong regulatory framework, has contributed to the accessibility and efficacy of immunoassay testing across the region.
The global immunoassay tests market is shaped by the presence of prominent players such as Abbott Laboratories, Roche Holding AG, Siemens Healthineers AG, SD Biosensor, Inc., QuidelOrtho Corporation, Thermo Fisher Scientific Inc., Merck KGaA, DiaSorin S.p.A., PerkinElmer, Inc., bioMérieux SA, Danaher Corporation, Abnova Corporation, Becton, Dickinson and Company, Randox Laboratories Ltd., and several others.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Key Findings 5
Part 2. Scope and Methodology 6
Report Scope 7
Product Type 7
Application 7
Region 7
Research Methodology 8
Part 3. Immunoassay Tests Market Overview 10
Summary 10
Introduction 12
Part 4. Market Dynamics 13
Growth Drivers 13
Restraints and Challenges 16
Opportunities 18
Trends 20
Impact of COVID-19 Pandemic 22
Part 5. Global Immunoassay Tests Market by Product Type 24
Part 6. Global Immunoassay Tests Market by Application 28
Part 7. Global Immunoassay Tests Market by Region 32
Part 11. Competitive Analysis 40
Competition Overview 40
Recent Developments 46
Abbott Laboratories 48
Business Overview 48
Contact Information 53
Roche Holding AG 54
Business Overview 54
Contact Information 56
Siemens Healthineers AG 57
Business Overview 57
Contact Information 59
SD Biosensor, Inc. 60
Business Overview 60
Contact Information 60
QuidelOrtho Corporation 61
Business Overview 61
Contact Information 63
Thermo Fisher Scientific Inc. 64
Business Overview 64
Contact Information 68
Merck KGaA 69
Business Overview 69
Contact Information 71
DiaSorin S.p.A. 72
Business Overview 72
Contact Information 73
Disclaimer 74
FIGURES AND TABLES
Global Immunoassay Tests Market, Net Growth, 2020-2028 (USD Million)
Global Immunoassay Tests Market by Product Type, 2020-2028 (USD Million)
Global Immunoassay Tests Market by Product Type, CAGR Historic and Forecast, 2020-2028
Global Immunoassay Tests Market by Application, 2020-2028 (USD Million)
Global Immunoassay Tests Market by Application, CAGR Historic and Forecast, 2020-2028
Global Immunoassay Tests Market Share by Region, 2022
Global Immunoassay Tests Market by Region, 2020-2028 (USD Million)
Global Immunoassay Tests Market by Region, CAGR Historic and Forecast, 2020-2028
North America Immunoassay Tests Market Share by Country, 2022
Europe Immunoassay Tests Market Share by Country, 2022
Asia-Pacific Immunoassay Tests Market Share by Country, 2022
Global Immunoassay Tests Market Share, by Company, 2022
Global Lateral Flow Immunoassay and Multiplex Immunoassay Test Market Share, by Company, 2022
Global Chemiluminescence Immunoassay Tests Market Share, by Company, 2022
Global Fluorescence Immunoassay Tests Market Share, by Company, 2022
Global Enzyme-Linked Immunosorbent Assay Tests Market Share, by Company, 2022
Global Radioimmunoassay Tests Market Share, by Company, 2022
Abbott Laboratories Financial Overview (USD Million)
Abbott Laboratories Revenue, by Segment, 2022
Abbott Laboratories Established Pharmaceutical Products Revenue, by Segment, 2022
Abbott Laboratories Nutritionals Revenue, by Segment, 2022
Abbott Laboratories Diagnostics Revenue, by Segment, 2022
Abbott Laboratories Medical Devices Revenue, by Segment, 2022
Abbott Laboratories Revenue, by Country, 2022
Abbott Laboratories Revenue, by Region, 2022
Roche Holding AG Financial Overview (CHF Million)
Roche Holding AG Revenue, by Segment, 2022
Roche Holding AG Diagnostics Division Revenue, by Segment, 2022
Siemens Healthineers AG Financial Overview (EUR Million)
Siemens Healthineers AG Revenue, by Segment, 2023
Siemens Healthineers AG Revenue, by Region, 2023
SD Biosensor, Inc. Financial Overview (KRW Billion)
QuidelOrtho Corporation Financial Overview (USD Million)
QuidelOrtho Corporation Revenue, by Segment, 2022
QuidelOrtho Corporation Revenue, by Region, 2022
Thermo Fisher Scientific Inc. Financial Overview (USD Million)
Thermo Fisher Scientific Inc. Revenue, by Segment, 2022
Thermo Fisher Scientific Inc. Product Revenue, by Segment, 2022
Thermo Fisher Scientific Inc. Revenue, by Tpye, 2022
Thermo Fisher Scientific Inc. Revenue, by Region, 2022
Thermo Fisher Scientific Inc. Revenue, by Country, 2022
Merck KGaA Financial Overview (EUR Million)
Merck KGaA Revenue, by Segment, 2022
Merck KGaA Revenue, by Region, 2022
DiaSorin S.p.A. Financial Overview (EUR Million)
DiaSorin S.p.A. Revenue, by Segment, 2022