Published by Coherent Market Insights
Posted on September 27, 2021
5 min readLast updated: February 2, 2026
The radioimmunoassay market is growing due to increased cancer and chronic disease prevalence. Despite challenges, the technique's importance in diagnostics is rising.
Radioimmunoassay is an in-vitro assay technique widely used to measure the concentration of antigens in blood. It is a very sensitive technique used to measure concentrations of substances, usually measuring antigen concentrations by use of antibodies. The method is hypersensitive in nature and can determine small amounts of drug level or hormone with the help of antibodies. The method was first developed and used in clinical laboratory tests to evaluate cell tumors, but the technique has proved useful in many fields. It can be used in the R&D, pharmaceuticals, healthcare, agriculture, food and cosmetic, to name a few.
Key participants for business development are DRG international, Inc., DIAsource ImmunoAssays, IBL Internationa, MP Biomedicals, Beckman Coulter, Inc., PerkinElmer, Inc., Dia Dorin S.p.A., Cisbi, EMD Millipore, Berthold Technologies GmbH, LLC, Euro Diagnostica, and Izotop.
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The radioimmunoassay market is witnessing significant growth due to increasing prevalence of cancer and various infectious diseases. Radioimmunoassay is used for the disease diagnosis such as in early detection and diagnosis of cancer, diagnosis of neurodegenerative disorders, and other chronic diseases. According to the World Health Organization (WHO), cancer is the second leading cause of death globally, and is responsible for about 10 million deaths per year. Moreover, according to the National Cancer Institute (NIH), in 2020, around 1,806,590 new cases of cancer will be diagnosed in the U.S. and 606,520 people will die from the disease.
In the field of medical diagnostics, the importance of radioimmunoassay over the years has increased due to various factors such as accuracy, sensitivity, and outcome. Furthermore, the radioimmunoassay market growth is gaining huge traction due to the increasing utilization of radioimmunoassay in the research centers, contract research organizations, and pharmaceutical industries. However, hazardous radioactive material in the assay and high cost associated with radioimmunoassay procedures are the major factors restraining the radioimmunoassay market growth. Thus, with increasing prevalence of chronic diseases, demand for radioimmunoassay is also increasing, driving the market.
The outbreak of COVID-19 (SARS-CoV-2) has also offered lucrative growth opportunities for the radioimmunoassay market. According to WHO, Worldwide, as of 7:34pm CET, 17 March 2021, there have been 120,383,919 confirmed cases of COVID-19, including 2,664,386 deaths. As of 16 March 2021, a total of 363,691,238 vaccine doses have been administered. A number of immunoassays have received approval for diagnostic use for COVID-19, utilizing formats, such as enzyme-linked immunosorbent assay (ELISA) and lateral flow. Immunoassays play an important role in the analysis of various clinical laboratory analytes such as drugs, proteins, hormones, and nucleic acid.
The demand for radioimmunoassay is on continue rise due to increasing healthcare research activities and increasing prevalence of chronic diseases worldwide. Radioimmunoassay is one of the pivotal and traditional methods used for the testing of endocrinological disorders.
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Current and future of global Radioimmunoassay market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Years Considered to Estimate the Radioimmunoassay Market Size:
History Year: 2016-2020
Base Year: 2020
Forecast Year: 2021-2028
Important Features and Key Highlights of the Market:-
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The post Radioimmunoassay Market Overall Growth, Future Demands, Market Status 2021-2028 | DRG international, DIAsource ImmunoAssays, IBL Internationa, MP Biomedicals, appeared first on Gatorledger.
The article discusses the growth and future demands of the radioimmunoassay market from 2021 to 2028.
Increasing prevalence of cancer and chronic diseases, along with advancements in medical diagnostics, drive market growth.
Challenges include the use of hazardous radioactive materials and high costs associated with procedures.
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