Immunochemistry Instruments and Reagents Market report provides information on key drivers, challenges and opportunities for the global industry through supplier, geography, type and application analysis. The report profiles the leading players in the global market in order to provide a clear view of the modest forces of the market, while the regional and product segments of the global market are also studied in detail in order to provide a granular illustration of the market’s breakdown.
The report analyzes factors affecting Immunochemistry Instruments and Reagents market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Immunochemistry Instruments and Reagents market in these regions.
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Key Companies Profiling in this Market:Abcam plc; Agilent Technologies; Bio SB; Bio-Rad Laboratories, Inc.; Abbott; Danaher Corporation; F. Hoffmann-La Roche AG; Merck KGaA; PerkinElmer, Inc.; Thermo Fisher Scientific, Inc among others.
Immunohistochemistry (IHC) is a technique used for detection of antigens in cells of a tissue section by exploiting the principle of antibodies binding specifically to antigens in biological tissues. The antibody-antigen binding can be visualized in various ways. Enzymes, like alkaline phosphatase (AP), or horseradish peroxidase (HRP) are commonly used to catalyze a color-producing reaction. This is extensively used in cancer diagnosis.
The "Global Immunochemistry Instruments and Reagents Market Analysis to 2027" is a specialized and in-depth study of the biotechnology industry with a focus on the global market trend. The report aims to provide an overview of global market with detailed market segmentation by product, application, end user and geography. The global immunochemistry instruments and reagents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Immunochemistry Instruments and Reagents market players and offers key trends and opportunities in the market.
Growing prevalence of chronic diseases and rapidly growing geriatric population are the key factors driving the growth of the global market. Also, the increasing prevalence of cancer and rapidly growing cancer diagnostic industry poses several opportunities for the immunochemistry instruments and reagents market to grow. However, stringent regulations for the development and launch of immunochemistry products and low adoption rate of automated immunochemistry products in developing economies due to high cost are likely to restrain the global Immunochemistry Instruments and Reagents market over the forecast period.
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The global immunochemistry instruments and reagents market is segmented on the basis of product, application, end user. Based on product, the market is segmented into instruments and consumables. The application market by immunochemistry instruments and reagents is categorized into cardiology, endocrinology, oncology, therapeutic drug development & monitoring, infectious disease testing, drugs of abuse testing and others. Based on end user, the immunochemistry instruments and reagents market is classified into hospitals and clinics, diagnostic laboratories, research labs & institutes, biopharmaceutical & biotechnology companies and others.
North America held the dominant share in immunochemistry instruments and reagents market in 2017. The major share is attributed to technological advancements, growing demand for technologically advanced products along with strong R&D activities by the government and private market players and well established biotech market and rapid commercialization of IHC. These factors are boosting growth of Immunochemistry Instruments and Reagents in this region.
The Asia-Pacific region is expected to exhibit highest CAGR during the forecast period due to rapid advancements in biotechnology sector. Moreover, factors like growing ageing population, large patient population and presence of emerging economies like China, India and Japan, are expected to create growth opportunities for the market players in Asia Pacific over the forecast period.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.