Immunoprotein Diagnostic Testing Market by End-user, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45458
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The immunoprotein diagnostic testing market has the potential to grow by USD 11.48 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.64%.

This immunoprotein diagnostic testing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (hospitals and clinics and diagnostic laboratories), geography (North America, Europe, Asia, and ROW), and application (oncology and endocrinology testing, Infectious disease testing, autoimmune testing, and allergy testing). The immunoprotein diagnostic testing market report also offers information on several market vendors, including Abbott Laboratories, Bio Rad Laboratories Inc., Danaher Corp., DiaSorin SpA, F. Hoffmann-La Roche Ltd., Merck KGaA, Siemens AG, Sofina SA, The Carlyle Group Inc., and Thermo Fisher Scientific Inc. among others.

What will the Immunoprotein Diagnostic Testing Market Size be in 2021?

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Immunoprotein Diagnostic Testing Market: Key Drivers and Trends

The increasing prevalence of infectious diseases is notably driving the immunoprotein diagnostic testing market growth, although factors such as the high cost of products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the immunoprotein diagnostic testing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

One of the key drivers supporting the immunoprotein diagnostic testing market share growth is the increasing prevalence of infectious diseases such as COVID-19. The treatment of these diseases requires advanced diagnosis and screening for further medical intervention, increasing the demand for immunoprotein diagnostic testing. The sudden rise in the number of reported cases of COVID-19 across North America caused a surged manufacturing of products used in immunoprotein diagnostic testing. The market has witnessed several approvals and new launches of immunoprotein diagnostic testing kits to further aid its global customer base and market growth.

This immunoprotein diagnostic testing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Immunoprotein Diagnostic Testing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Bio Rad Laboratories Inc.
  • Danaher Corp.
  • DiaSorin SpA
  • F. Hoffmann-La Roche Ltd.
  • Merck KGaA
  • Siemens AG
  • Sofina SA
  • The Carlyle Group Inc.
  • Thermo Fisher Scientific Inc.

 

This statistical study of the immunoprotein diagnostic testing market encompasses successful business strategies deployed by the key vendors. The immunoprotein diagnostic testing market is fragmented and the vendors are deploying growth strategies that focus on developing innovative and unique offerings in terms of quality and specifications to cater to the global demand for immunoprotein diagnostic testing kits to compete in the market. Prominent vendors in the immunoprotein diagnostic testing market are trying to establish a strong customer base in the region by providing a wide variety of products

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The immunoprotein diagnostic testing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Immunoprotein Diagnostic Testing Market?

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the immunoprotein diagnostic testing market in North America. Market growth in this region will be faster than the growth of the other market in Europe and ROW.

The growing adoption of advanced technologies and the presence of prominent vendors will facilitate the immunoprotein diagnostic testing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Immunoprotein Diagnostic Testing Market?

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The immunoprotein diagnostic testing market share growth by the hospitals and clinics segment will be significant during the forecast period. Hospitals and clinics are the key end-users that influence the growth of the market. To increase treatment efficiency, many hospitals and clinics are adopting advanced products for the diagnosis of immunoprotein diseases. The growing number of hospitals has led to a rise in the demand for immunoprotein diagnostic testing products.

This report provides an accurate prediction of the contribution of all the segments to the growth of the immunoprotein diagnostic testing market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Immunoprotein Diagnostic Testing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive immunoprotein diagnostic testing market growth during the next five years
  • Precise estimation of the immunoprotein diagnostic testing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the immunoprotein diagnostic testing industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of immunoprotein diagnostic testing market vendors

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Immunoprotein Diagnostic Testing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.64%

Market growth 2021-2025

$ 11.48 billion

Market structure

Fragmented

YoY growth (%)

9.34

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 37%

Key consumer countries

US, Germany, UK, Canada, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, Bio Rad Laboratories Inc., Danaher Corp., DiaSorin SpA, F. Hoffmann-La Roche Ltd., Merck KGaA, Siemens AG, Sofina SA, The Carlyle Group Inc., and Thermo Fisher Scientific Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The immunoprotein diagnostic testing market growth will increase by $5569.26 million during 2019-2024.
The immunoprotein diagnostic testing market is expected to grow at a CAGR of 8.49% during 2019-2024.
Technavio has segmented the immunoprotein diagnostic testing market by end user (Hospitals and clinics and Diagnostic laboratories) ,application (Infectious disease testing, Oncology and endocrinology testing, Autoimmune testing, and Allergy testing) , and geographic (North America, Europe, Asia, and ROW).
Abbott Laboratories, bioMerieux SA, Bio-Rad Laboratories Inc., Danaher Corp., DiaSorin Group, F. Hoffmann-La Roche Ltd., Merck KGaA, Siemens Healthineers AG, The Carlyle Group Inc., Thermo Fisher Scientific Inc. are a few of the key vendors in the immunoprotein diagnostic testing market.
North America will register the highest growth rate of 37.29% among the other regions. Therefore, the immunoprotein diagnostic testing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the immunoprotein diagnostic testing market growth are:
  • Increasing prevalence of infectious diseases
  • Growing focus on next-generation products
The immunoprotein diagnostic testing market vendors should focus on grabbing business opportunities from the hospitals and clinics segment as it accounted for the largest market share in the base year.
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