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What is the Forecasted Expansion Rate of the Immunodiagnostics Market Over the 2025–2034 Period?

The size of the immunodiagnostics market has seen significant growth in the past years. The value which is set at $22.88 billion in 2024 is expected to rise to $24.54 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this historical period’s growth include the surge in infectious disease cases, increased occurrence of autoimmune diseases, cancer diagnosis and tracking, the globalization of infectious diseases, public health campaigns, and screening programs.

Expectations for the immunodiagnostics industry project considerable expansion in the coming years. The market is predicted to reach a valuation of $33.14 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this projected growth include pandemic readiness and intervention, personalized medicine and biomarker research, expansion of healthcare infrastructures in budding markets, and an increasing number of chronic diseases. Notable trends for this period encompass multiplexing technologies, point-of-care testing (POCT), an emphasis on biomarker research and personalized medicine, development in digital immunodiagnostics, and a pivot towards liquid biopsy.

Which Major Market Drivers Are Expected to Boost the immunodiagnostics Market’s Growth Potential?

The surge in occurrences of infectious diseases is set to propel the immunodiagnostics market’s expansion. Infectious diseases are conditions passed on from person to person, caused by organisms such as bacteria, viruses, fungi, or parasites. An immunodiagnostic test is used to detect a virus in a blood specimen. For example, in March 2024, the Centers for Disease Control and Prevention, a government agency in the US, reported an increase in tuberculosis cases from 8,320 in 2022 to 9,615 in 2023, reflecting a rise of 1,295 cases. Therefore, the accelerated appearance of infectious diseases is anticipated to fuel the growth of the immunodiagnostics market.

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Who Are the Leading Organizations Fueling the Expansion of the Immunodiagnostics Market?

Major companies operating in the immunodiagnostics market include:

• Abbott Laboratories_x000D_

• Arkray Inc._x000D_

• bioMérieux Inc._x000D_

• Immunodiagnostic Systems Holdings Plc (IDS)_x000D_

• Bio-Rad Laboratories Inc._x000D_

Which Cutting-Edge Trends Are Expected to Drive the Immunodiagnostics Market’s Growth?

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Which Key Segments Stand Out in Understanding the Composition of the Immunodiagnostics Market?

The immunodiagnostics market covered in this report is segmented –

1) By Product: Reagents And Consumables, Instruments, Software And Services

2) By Technology: Enzyme-Linked Immunosorbent Assay, Chemiluminescence Immunoassay, Fluorescent Immunoassay, Radioimmunoassay, Rapid Test, Other Technologies

3) By Application: Infectious Diseases, Oncology And Endocrinology, Bone And Mineral Diseases, Autoimmunity Disorders, Cardiac Biomarkers, Drug Monitoring, Other Applications

4) By End User: Hospitals, Clinics, Diagnostic Laboratories, Academic And Research Institutes, Other End Users

Subsegments:

1) By Reagents And Consumables: Antibodies, Assay Kits, Buffers And Substrates

2) By Instruments: Immunoassay Analyzers, Flow Cytometers, ELISA Readers

3) By Software And Services: Laboratory Information Management Systems (LIMS), Data Analysis Software, Maintenance And Support Services

Which Regions Are Most Influential in Expanding the Immunodiagnostics Market?

North America was the largest region in the immunodiagnostics market in 2024. The regions covered in the immunodiagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Is the Immunodiagnostics Market Categorized and Defined in the Industry?

Immunodiagnostics refers to a diagnostic methodology that relies primarily on an antigen-antibody response for the detection of serum insulin. Immunodiagnostic tests are used to detect antibodies and parasite antigens.

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