Radioimmunoassay Market is valued around USD 398.19 Million in 2018 and expected to reach USD 496.92 Million by 2025 with the CAGR of 3.8% over the forecast period. Increased prevalence of cancer & infectious disease and increase in research activities are the key drivers for Global Radioimmunoassay Market.
Radioimmunoassay is a medical diagnostic procedure used for the quantification of specific antigens and antibody. It is a very sensitive procedure which can also be used for the quantification of very small amount of biological substance. Radioimmunoassay is used for the early detection of cancer and various other diseases. It is also used for research purposes and in pharmaceutical industry for testing of drugs. So, during the study of global radioimmunoassay market, we have considered radioimmunoassay product type and application to analyze the market
Global radioimmunoassay market report is segmented on the basis of product type, application type, end user and by regional & country level. Based upon product type, global radioimmunoassay market is classified as kits and reagents and analyzers. Based upon application, global radioimmunoassay market is classified as scientific research and medical diagnosis. Based upon end-user, global radioimmunoassay market is classified as hospitals, pharmaceutical and biotechnology industry, academic research institute and contract research organizations.
The regions covered in this radioimmunoassay market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of radioimmunoassay is sub-divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Key Players for Global Radioimmunoassay Market Reports–
Global radioimmunoassay market report covers prominent players like Beckman Coulter, Inc., Berthold Technologies GmbH, IBL International, DRG International, Inc., MP Biomedicals, LLC, PerkinElmer, Inc, Cisbi, Euro Diagnostica AB, DIAsource ImmunoAssays, DiaSorin S.p.A., EMD Millipore, Izotop and others.
Increased prevalence of cancer and increase in research activities
The commercialization and growth of global radioimmunoassay banking market over the past 25 years has been highly impactful. One of the major factors driving the growth of radioimmunoassay market over the forecast period is increase in the prevalence of cancer and infectious disease coupled with increased demand of automated procedure to error free results. Moreover, increased use of radioimmunoassay in the research laboratories pharmaceutical industries, contract research organizations and others is also expected to support the growth of radioimmunoassay market. Furthermore, increase in various technological advancements in radioimmunoassay for better diagnosis is expected to fuel the growth of radioimmunoassay market over the forecast period. However, high cost of equipment and dealing with radioactive materials are expected inhibit the growth of radioimmunoassay market over the forecast period.
Europe is Expected to Dominate the Radioimmunoassay Market
Europe is expected to dominate the market with highest market share over the forecast period due to the presence of advanced healthcare facilities and high per capita income. North America is expected to the second largest growing region over the forecast period due to the increased prevalence of cancer coupled with increased adoption of advanced medical devices. Asia Pacific is expected to be the third largest and fastest growing region over the forecast period. Due to the increased awareness among people large population base, increased prevalence of cancer and other infectious disease and increase in research activities are expected to promote the growth of radioimmunoassay market over the forecast period. Latin America, Middle East and Africa are expected to develop considerably over the forecast period.
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Radioimmunoassay Market Segmentation –
By Product Type
Kits and Reagents, Analyzers
Scientific Research, Medical Diagnosis
Academic Research Institute, Contract Research Organizations, Hospitals, Pharmaceutical and Biotechnology Industry
North America (US., Canada), Europe (UK., France, Germany, Italy), Asia Pacific (China, Japan, India, Southeast Asia), Latin America (Brazil, Mexico), Middle East and Africa (GCC, Africa, Rest of Middle East and Africa)
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