Radioimmunoassay Market Figures is now released by Data Bridge Market Research. Radioimmunoassay Market report presents a complete assessment of covering future trend, Latest Trend, current growth factors, facts, and industry validated market data forecast till 2026. The report provides an in-depth analysis of the latest trends, business scenario, size and share of Major Competitors such as PerkinElmer, Inc., IBL International, DIAsource ImmunoAssays SA, EMD Millipore, Stratec Biomedical AG, DRG International, Inc., Izotop. and others
The global radioimmunoassay market is expected to rise from its initial estimated value of USD 396.5 million in 2018 to an estimated value of USD 526.16 million by 2026 registering a CAGR of 3.6% in the forecast period of 2019-2026. This rise in the market can be attributed to rising incidence of cancer, endocrine disorders along with various other infectious diseases and increased use of radioimmunoassay procedure in pharmaceutical industry for drug testing.
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Market Drivers and Restraints:
- High investment
- The increasing emphasis on R&D in the sector
- Technological advancements
- Their increased usage in pharmaceutical industries, research, rising need for quality and error-free diagnosis
- Consumer awareness and rising prevalence of cancer and various other infectious diseases
- The market remains restrained by the high costs associated with the usage of RIA and the stern regulatory restriction and expertise required for the analysis.
- The main drawbacks to radioimmunoassay are the expense and hazards of preparing and handling the radioactive antigen.
- Continuous innovations in various other immunoassay procedures such as ELISA
Few of the major market competitors currently working in the radioimmunoassay market are MP Biomedicals, LLC, Berthold Technologies GmbH & Co. KG, Beckman Coulter, Inc, DRG International, Inc., Cisbio, DiaSorin S.p.A., Izotop, Euro Diagnostica AB, and others
- By Product type (Reagents, Kits and Analysers),
- By Application (Research and Clinical diagnostic),
- By End User (Hospitals, Pharmaceutical and Biotechnology Industry, CRO, Academic Institutions and Clinical Diagnostic Laboratories, Contract Research Organizations),
- Based on the geography (North America, South America, Asia and Pacific region, Middle east and Africa, Europe)
The global radioimmunoassay market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of radioimmunoassay market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Potential Held by the Report:
- Recent industry trends and developments
- Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market
- To gain insightful analyses of the market and have a comprehensive understanding of the “Radioimmunoassay Market” and its commercial landscape
- To understand the future outlook and prospects for market analysis and forecast 2018-2025.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
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