Immunochemistry Instruments and Reagents Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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.

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.

The "Global Immunochemistry Instruments and Reagents Market Analysis to 2031" 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.

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.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Immunochemistry Instruments and Reagents market based product, application, and end user. It also provides market size and forecast till 2031 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Immunochemistry Instruments and Reagents Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.

North America held the dominant share in immunochemistry instruments and reagents market in 2021. 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.

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.

The report also includes the profiles of key immunochemistry instruments and reagents companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the Immunochemistry Instruments and Reagents market include 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.

Immunochemistry Instruments and Reagents Report Scope