According to Data Bridge Market Research new Market report, global radioimmunoassay market will account to an estimated USD 396.5 million in 2018 growing at a CAGR of 3.6% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-radioimmunoassay-market/
Global Radioimmunoassay Market:
Radioimmunoassay is a type of immunoassay technique in which presence of genetics and hormones is measured with the help of antibodies. The technique is cost-effective and highly accurate but requires specific equipment and specialized knowledge and skills for its use. The usage of this technique requires specific licensing and caution due to the usage of radioactive material.
Global radioimmunoassay market is segmented on the basis of product type, application, end-user and geography.
By Product Type (Reagents, Kits, Analyzers), Application (Research, Clinical Diagnostics), End-User (Hospitals, Pharmaceutical & Biotechnology Industry, CRO, Academic Institutions, Clinical Diagnostics Laboratories, Contract Research Organizations) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN RADIOIMMUNOASSAY MARKET
High levels of prevalence of infectious diseases globally
According to WHO’s (World Health Organization) global health estimates there has been a constant high prevalence of infectious and parasitic diseases globally. In 2015, this number was 344,443,025 deaths in terms of DALYs, and this number though suffered a decline in 2016 to 331,709,174 DALYs due to the advancements in treatment & pharmaceutical division along with the testing and containment of these diseases. Even with the development of healthcare and penetration of the various technologically advanced medicines in the market, the number of deaths caused due to infectious and parasitic diseases is very high. This requires the need for properly diagnosing and testing the diseases present in the human body, and this factor is expected to majorly drive the market growth.
DALY’s can be identified as one year that the individual might have experienced healthily. This measure is used to identify the gap of individuals suffering from a particular disease and an ideal healthy individual.
Few of the major competitors currently working in the radioimmunoassay market are MP Biomedicals, LLC, Berthold Technologies GmbH & Co. KG, Beckman Coulter, Inc, DRG International, Inc., Cisbio, DiaSorin S.p.A., Izotop, Euro Diagnostica AB, PerkinElmer, Inc., IBL International, DIAsource ImmunoAssays SA, EMD Millipore, Stratec Biomedical AG, DRG International, Inc. and Izotop.
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