Market Analysis and Insights: North America Immunoassay Reagents and Devices Market
North America Immunoassay reagents and devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.7% in the forecast period of 2020 to 2027 and expected to reach USD 12,960.95 million by 2027. Wide Application of Immunoassay and increasing healthcare expenditure.
Immunoassays are the tests being performed to detect specified molecules in the on-site and in laboratory. It basically depends upon the antibody’s integral ability to attach to the particular structure of the molecule (antigen) present in the sample. Antibodies are produced within the body in response to presence of antigen in the body. Antibodies are found in body fluids including blood, urine saliva, tissue fluids and others and will bind to antigen whenever it is found in the body.
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North America Immunoassay Reagents and Devices Market Scope and Market Size
North America Immunoassay reagents and devices market is segmented of the basis of product, platform, technique, specimen type, application, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the North America immunoassay reagents and devices market is segmented into reagents & kits and analyzers. In 2020, reagents & kits segment is exceeding the market due to extreme usage in disease detection and drug development. Increased diseases require proper diagnosis for further treatment. And hence, companies are developing number of kits and reagents and providing in market for further use. Chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability in the United States. For instance, according to More than 859,000 Americans die of heart disease, stroke, or other cardiovascular diseases every year.
- On the basis of platform, North America immunoassay reagents and devices market is segmented into chemiluminescence immunoassays, fluorescence immunoassays, enzyme immunoassays, radioimmunoassays, and others. In 2020, enzyme immunoassay segment is dominating the market because of its advantages such as ease in performing test, accurate result and many others.
- On the basis of technique, North America immunoassay reagents and devices market is segmented into enzyme-linked immunosorbent assays, rapid tests, enzyme-linked immunospot, western blotting, immuno-PCR, and other techniques. In 2018 Enzyme-linked immunosorbent assays segment is dominating because it is highly sensitive, simple to perform, offer accurate result for any disease detection or in any drug development. It is one of the accurate technique that provides better diagnosis in diseases.
- On the basis of specimen type, North America immunoassay reagents and devices market is segmented into saliva, urine, blood, and others.in 2018, Blood segment is dominating due to Blood is easy to detect and provides accurate estimation rate for a particular foreign particle.
- On the basis of application, North America immunoassay reagents and devices market is segmented into infectious diseases, oncology and endocrinology, bone & mineral disorders, cardiology, hematology & blood screening, autoimmune disorders, toxicology, neonatal screening, and other applications. Oncology and endocrinology segment is dominating because of high incidence rate worldwide which can be detected easily with the use of immunoassays. Along with the detection, various pharma companies are involved in developing drugs for the treatment of diseases. These diseases can be developed by using immunoassays
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