Thu November 17th, 2016
Immunoassay Market is expected to reach USD 25.45 Billion by 2021
Download Free PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=436 The global immunoassay market is expected to reach USD 25.45 Billion by 2021 from USD 17.16 Billion in 2016 at a CAGR of 8.2%. The global immunoassay market is broadly classified into product & service, technology, application, end user, and region. The major factors driving the growth of this market are rising incidence of chronic diseases, extensive use of immunoassays in oncology, technological advancements, and cost-effectiveness & rapid analysis of immunoassays. However, the low detection limits of immunoassays, implementation of excise duty by the U.S. government, stringent regulations, and intellectual property rights issues are expected to restrain the market growth.