Pune, India -- (SBWIRE) -- 03/16/2018 -- Immunoassay Reagents And Devices Market accounted to USD 16.25 billion in 2016 growing at a CAGR of 7.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Immunoassay Reagents and Devices Market

The immunoassay is a biochemical test which is used to measure the presence of small molecules in a solution. This bioanalytical method has been widely used in various pharmaceutical analysis such as therapeutic drug monitoring, diagnosis of diseases, bioequivalence studies in drug discovery among others.

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Major market drivers and restraints:

- Increasing use of immunoassay tests in cancer, infectious disease testing among others
- Extensive use of immunoassays in oncology
- Rapid analysis
- Technological advancements

Market Segmentation: Global Immunoassay Reagents and Devices Market

By product type the immunoassay reagents and devices market is segmented into reagents, analyzers, software and services.

On the basis of technique the immunoassay reagents and devices market is segmented into enzyme-linked immunosorbent assay (ELISA), Radioimmunoassay (RIA), chemiluminescence immunoassays (CLIA) and others.

On the basis of application the market is segmented infectious diseases, endocrinology, cardiology, oncology and others.

On the basis of end user the market is segmented into hospitals, labs, biotechnology industry, pharmaceutical industry and others.

On the basis of geography, immunoassay reagents and devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Immunoassay Reagents and Devices Market

Immunoassay reagents and devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of immunoassay reagents and devices market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors: Global Immunoassay Reagents and Devices Market

Some of the major players operating in immunoassay reagents and devices market Ortho-Clinical Diagnostics, Inc., bioMérieux SA, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Inc., Beckman Coulter, Inc., Siemens AG among others.

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