Immunodiagnostics Market size is set to grow by USD 29.54 billion from 2024-2028, Increased demand for biomarker-based tests boost the market, Technavio

NEW YORK, Aug. 13, 2024 /PRNewswire/ -- The global immunodiagnostics market size is estimated to grow by USD 29.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.64% during the forecast period. Increased demand for biomarker-based tests is driving market growth, with a trend towards growth in demand for personalized medicine. However, complexity of immunodiagnostics tests poses a challenge. Key market players include Abbott Laboratories, Adaptive Biotechnologies Corp., AESKU.GROUP GmbH and Co. KG, bioMerieux SA, Danaher Corp., DiaSorin SpA, Exagen Inc., F. Hoffmann La Roche Ltd., HUMAN Gesellschaft fur Biochemica und Diagnostica mbH, Nexus Dx Inc., Omega Diagnostics Group Plc, OraSure Technologies Inc., QuidelOrtho Corp., Seramun Diagnostica GmbH, Siemens AG, SQI Diagnostics Inc., Sysmex Corp., Tecan Trading AG, Thermo Fisher Scientific Inc., and Werfenlife SA.

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Market Driver

The trend towards personalized medicine is driving a significant demand for precise diagnostic tools. Immunodiagnostics plays a crucial role in this field by enabling accurate identification of disease biomarkers at the molecular level. With personalized medicine, treatments are tailored to individual patients based on factors such as age, gender, and disease severity. This approach requires highly sensitive and specific diagnostic tests. Immunodiagnostics delivers this capability, making it a vital component of precision medicine. Its ability to identify specific targets for diseases like cancer and autoimmune conditions helps clinicians select the most effective treatments for their patients. As personalized medicine gains popularity, the global immunodiagnostics market is poised for growth. 

Immunodiagnostics is a significant segment of the in vitro diagnostics market, focusing on the detection of various diseases using immunological reactions. Trends include infectious diseases such as HIV, Hepatitis B, Dengue, and Sexually Transmitted Infections (STIs), as well as cardiovascular diseases, cancer, gastrointestinal diseases, and chronic conditions. The geriatric population's demographics and lifestyle factors contribute to the market's growth. Diagnosis kits and analyzers are essential tools, with immunoassay techniques like antigen-antibody reactions and chemiluminescence immunoassay (CLIA) leading the way. Biomarker discovery and stringent regulatory requirements are key areas of focus. Technological advancements address technical limitations and false results, while healthcare expenditure and regulatory scenarios influence pricing analysis. Autoimmune disorders, endocrinology, oncology, and pathologists in hospitals and clinics utilize these tests for accurate diagnosis. 

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Market Challenges

• Immunodiagnostic tests are essential for the diagnosis and monitoring of various diseases and conditions. However, their complexity can pose challenges to the global immunodiagnostics market. Sample collection and handling require specialized expertise and equipment, leading to increased costs and longer turnaround times. Interpreting test results can also be complex due to factors like assay methods, reagent sensitivity, and interfering substances. Variability in biomarker expression further complicates matters, potentially leading to false positives or negatives. These challenges can impact patient care and market growth during the forecast period.
• The Immunodiagnostics Market faces several challenges in the areas of biotechnology, natural based materials, and organisms. Natural processes and biomolecules like proteins are key components, but sourcing reliable plant material and maintaining supply chain network is crucial. Clinical laboratories and pharmaceutical industries, including druggists, utilize in-vitro diagnostics and various diagnostic technologies and platforms. Immunoassay formats like Radioimmunoassay (RIA) are used for detecting respiratory infections, endocrine diseases in Oncology & Endocrinology segment, hepatitis & retrovirus, and cardiac markers. New product approvals, healthcare expenditures, and patient outcomes drive market growth. Cost management is essential in developed nations, where early diagnosis and prevention from diseases are priorities. Reagents & consumables are vital components, with oncology & endocrinology, hepatitis & retrovirus, and cardiac markers being significant segments.

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Segment Overview 

This immunodiagnostics market report extensively covers market segmentation by

1. Product 
• 1.1 Reagents and consumables
• 1.2 Immunodiagnostic systems
2. Application 
• 2.1 Oncology and Endocrinology
• 2.2 Hepatitis and retrovirus
• 2.3 Infectious disease
• 2.4 GI stool
• 2.5 Other applications
3. Geography 
• 3.1 North America
• 3.2 Europe
• 3.3 Asia
• 3.4 Rest of World (ROW)

1.1 Reagents and consumables- The reagents and consumables segment in the immunodiagnostics market is projected to expand significantly compared to the immunodiagnostic instruments market. The increasing demand for high-throughput screening using immunoassays has resulted in the production of new reagents for antigen detection. Technological advancements, such as fluorescence and chemiluminescence, have been integrated with new reagents, driving market growth. Companies are expanding their product portfolios to cater to the growing number of immunodiagnostic tests available. Roche Diagnostics is an example of a company specializing in reagents for oncology testing. Strategic partnerships between manufacturers and insurers with hospitals or other end-users are also increasing reagent sales, contributing to market expansion. Despite heterogeneous reimbursement scenarios, this trend is expected to continue throughout the forecast period.

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Research Analysis

Immunodiagnostics is a vital segment of in vitro diagnostics, focusing on the detection of various diseases using immunological reactions. This market encompasses a broad spectrum of applications, including infectious diseases such as HIV, Hepatitis B, STI, and Autoimmunity diseases. Additionally, it plays a significant role in diagnosing chronic conditions like cardiovascular diseases, cancer, gastrointestinal diseases, and chronic diseases. The aging population and associated demographic shifts, along with lifestyle changes, have fueled the demand for immunodiagnostics.

Market Research Overview

Immunodiagnostics is a critical area of in-vitro diagnostics, focusing on the detection and quantification of antigen-antibody reactions to identify various diseases. The market encompasses infectious diseases such as HIV, Hepatitis B, Dengue, Chikungunya, STI, and autoimmune disorders like Rheumatoid arthritis and Systemic Lupus Erythematosus. Demographics, lifestyle, and governing scenarios influence the immunodiagnostics market, particularly the growing geriatric population and the rise in chronic diseases. Technological advancements in immunodiagnostics include chemiluminescence immunoassay (CLIA), enzyme-linked immunosorbent assay (ELISA), and flow cytometry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Product
• Reagents And Consumables
• Immunodiagnostic Systems
• Application
• Oncology And Endocrinology
• Hepatitis And Retrovirus
• Infectious Disease
• GI Stool
• Other Applications
• Geography
• North America
• Europe
• Asia
• Rest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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SOURCE Technavio