The Radioimmunoassay Market is projected to grow due to increased cancer and infectious disease prevalence, with technological advancements driving further expansion.
Radioimmunoassay Marketis valued around USD 398.19 Million in 2018 and expected to reach USD 496.92 Million by 2025 with the CAGR of 3.8% over the forecast period. Increased prevalence of cancer & infectious disease and increase in research activities are the key drivers for Global Radioimmunoassay Market.
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Radioimmunoassay market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about radioimmunoassay market from various aspects. This report consists of drivers, restrains, Opportunities which help the market to grow over the analysis period and recent trends which support the growth of market. This report consists of regional segmentation with product type, application type and end user.
Radioimmunoassay is a medical diagnostic procedure used for the quantification of specific antigens and antibody. It is a very sensitive procedure which can also be used for the quantification of very small amount of biological substance. Radioimmunoassay is used for the early detection of cancer and various other diseases. It is also used for research purposes and in pharmaceutical industry for testing of drugs.
There are various factors driving the growth of the radioimmunoassay market, one of the major factors driving the growth of the market is increase in the prevalence of cancer and infectious disease coupled with increased demand of automated procedure to error free results. Furthermore, Increase in various technological advancements for better diagnosis is expected to fuel the growth of radioimmunoassay market over the forecast period. Moreover, increased use of in the research laboratories pharmaceutical industries, contract research organizations and others is also expected to support the growth of radioimmunoassay market. However, high cost of equipment and dealing with radioactive materials are expected inhibit the growth of radioimmunoassay market over the forecast period.
Global radioimmunoassay market report covers prominent players like Beckman Coulter, Inc., Berthold Technologies GmbH, IBL Internationa, DRG International, Inc., MP Biomedicals, LLC, PerkinElmer, Inc, Cisbi, Euro Diagnostica AB, DIAsource ImmunoAssays, DiaSorin S.p.A., EMD Millipore, Izotop and others.
By Product Type
By Application
By End-User
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Market Key Players
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The article discusses the growth and trends of the Radioimmunoassay Market from 2021 to 2027.
Increased prevalence of cancer and infectious diseases, along with technological advancements, drive market growth.
High equipment costs and handling of radioactive materials are significant challenges.
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