Market Highlights
The global Immunofluorescence
assays market is expected to reach an approximate CAGR of 5.8% during the
forecast period.
The growing prevalence of chronic and infectious
diseases, increase in research and development activities, growing government
investments for R&D activities, increased need for rapid and sensitive
diagnostics, and adoption of technologically advanced systems are the key
factors for the market to grow. However, factors such as, expensive diagnostic
kits, chances of cross contaminations, shortage of skilled labor and weak
detection signals are expected to restrict the market growth during the
forecast period.
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Segmentation
The global immunofluorescence assay market is segmented
on the basis of technique, product type, application and end user. The
immunofluorescence assay market, by technique is sub segmented into primary
(direct) immunofluorescence assays, secondary (indirect) immunofluorescence
assays, and micro immunofluorescence. Secondary (indirect) immunofluorescence assays
category includes salt split technique, antigenic mapping method and double
staining method. On the basis of product type, the market is categorized into
antibodies, kits and reagents, instruments, labelling dyes and species type.
Instruments is further sub segmented into microscopes and imaging analysis
systems. The application segment includes clinical research, clinical
diagnostics, research & development. Clinical diagnostics segment is
categorized into infectious diseases, cancer, cardiovascular diseases,
autoimmune diseases, neurological diseases. On the basis of end-user, the
market is segmented into biotechnology companies, hospitals & research
institutes, contract research organizations and diagnostic centers.
Regional Analysis
The Americas dominated the global market for
immunofluorescence assays in 2017. This can be attribute due to increasing
prevalence of chronic diseases, rising biotechnology R&D activities and
technological advancements within the region influences the market growth. According
to the Partnership to Fight Chronic Disease (PFCD) in 2016, 190 million people
in America are affected by at least one chronic disease. Also, the presence of
major market players such as BioLegend, Inc. and Becton, Dickinson and Company
within the region influences the market growth.
Europe (UK, Germany, France) is second in the market
owing to rapidly growing biotechnology industry and increasing need for
diagnostics is expected to influence the market in this region. In recent
years, biotechnology sector in European Union, is the most innovative industry
with 80 thousand patents in 2014. Furthermore, according to the European
Commission’s Directorate General for Enterprise and Industry, the European
Union invested $7.32 billion in the Biotechnology sector.
Asia Pacific is expected to witness fastest growth for
the global Immunofluorescence assays market owing to large patient population,
rapidly growing economies and increase in research and development expenditure.
The Middle East
and Africa accounts for least share due to stringent government policies and
poor economies.
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Key Players
Some of the key players for the global Immunofluorescence
Assay market are Abcam plc, Thermo Fisher Scientific, BioLegend, Inc., Enzo
Life Sciences, Inc., Sino Biological Inc.,BioTek Instruments,Inc., Bio-Rad
Laboratories, Inc., Zyagen, Cell Signaling Technology, Inc., PerkinElmer Inc.
Becton Dickinson and Company , Merck , Agilent Technologies , TCS Biosciences
Ltd, Maxvision Biosciences Inc. and Others.
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