An immunoassay is a biochemical test that measures the presence of concentration of macromolecules in the solution through the use of immunoglobulin or antibody. Immunoassay is available in different formats and variations in order to suite different requirements. Immunoassay usually involves multiple steps where reagents are added and washed away or separated at different steps of the assay. In some of the immunoassay methods, the reagents are mixed with the sample in order to measure the samples’ concentration. Immunoassay techniques are specially used to effectively analyze compounds having extremely low concentrations. Immunoassay reagents are widely employed in pharmaceuticals, clinical and environmental fields.
Aggressive and consistent investment of the key market players in research and development is one of the major drivers for the growth of the overall immunoassay reagents market. Immunoassay also finds wide range of applications in detecting infectious diseases as well as diseases such as cancer and cardiac disorder among others. In addition, the introduction of innovative software tools coupled with increased consolidation of laboratories and hospitals to reduce maintenance cost and services has further boosted the demand for different test and assays. Thus, with the increasing demand for immunoassay in turn augments the overall growth of the reagents market. Lack of awareness, access and expertise required to conduct the immunoassay is expected to hamper the growth of the overall immunoassay reagent market. The immunoassay reagents utilized for thyroid testing where it is most widely consumed globally, while reagents used for conducting immunoassay for infectious diseases were the second largest consumed.
The key participants of the immunoassay reagents include Sysmex Corporation (Japan), Siemens Healthcare (Germany), Roche Diagnostics (Switzerland), Abbott Laboratories (U.S.), Ortho Clinical Diagnostics (U.S.), Danaher Corporation (U.S.), Alere, Inc. (U.S.), DiaSorin S.P.A. (Italy), and Roche Diagnostics (Switzerland) among others.
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