Radioimmunoassay Market is anticipated to reach US$ 669.60 million by 2032, at a CAGR of 4.10%

During the forecast period, the Radioimmunoassay market is expected to grow at a CAGR of 4.10% on average. In 2022, the market is currently valued at US$ 448.03 million. The Radioimmunoassay market is expected to reach a peak of US$ 669.60 million by the year 2032. The analysis completed by Future Market Insights revealed a historical market valuation of US$ 430.38 million.

The quantification of a specific protein in a complicated sample is an important contribution to medical science. Immunoassays target a specific molecule of interest and analyse its concentration in a sample using highly specific antibodies. Thus, immunoassay can be defined as a biochemical procedure that uses a specific antibody to measure the concentration of a specific antigen.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Radioimmunoassay Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Radioimmunoassay market.

Key Radioimmunoassay Market Takeaways and Projections

• The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
• Germany Radioimmunoassay market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
• China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
• India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

• Radioimmunoassay Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Radioimmunoassay market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
• Radioimmunoassay Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Radioimmunoassay market. As per the survey, Radioimmunoassay sales will project steady growth over the forecast period.
• Radioimmunoassay Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Radioimmunoassay market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
• Radioimmunoassay Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Radioimmunoassay market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Radioimmunoassay market.

Some of the prominent market players are profiled by FMI are:

DIAsource ImmunoAssays, Beckman Coulter, Inc., IBL Internationa, PerkinElmer, Inc, DRG International, Inc., MP Biomedicals, LLC, Cisbi, Euro Diagnostica AB, DiaSorin S.p.A., EMD Millipore, Izotop, Berthold Technologies GmbH

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Radioimmunoassay Market: Segmentation

Global Radioimmunoassay Marketis segmented on the basis of product, application, end use and geography as following:

By Product:

• Kits and Reagents
• Analyzers

By Application:

• Scientific Research
• Medical Diagnosis

By End User:

• Hospitals
• Pharmaceutical and Biotechnology Industry
• Academic Research Institute
• Contract Research Organizations

Region

• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa