Radioimmunoassay (RIA) is an in-vitro assay method that is used to measure the concentration of antigens in the blood. RIA encompasses the partition of protein from a mixture by using the specificity of antibody-antigen binding and their quantification by using radioactivity. Radioimmunoassay is used majorly in the healthcare industry due to its high sensitivity, which can be used to analyze nanomolar and picomolar concentrations of hormones in biological fluids. RIA has ever since becoming one of the key tools in various clinical laboratories for diagnostic procedures, such as evaluating the plasma levels of most of the hormones, identifying the existence of certain abused drugs, checking for the presence of hepatitis B surface antigen in donated blood, and other similar applications. This technique has also proven to be useful in the early detection of cancer, treatment of peptic ulcers, research with neurotransmitters, detection of infections, and identification of allergens in food and house dust, and more applications for the same are being researched all the time.
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Global Radioimmunoassay Market value is estimated to grow at a CAGR of 3.52% to reach USD 470.01 million by 2023.
Drivers and restraints:
The major drivers influencing the growth of the Global Radioimmunoassay Market include the high investment, the rising emphasis on R&D in the sector, technological delopments, their amplified usage in pharmaceutical industries, research, increasing need for quality and error-free diagnosis and consumer consciousness.
The restraints limiting the growth of the market are high costs associated with its usage, and the stern regulatory restriction and skill required for the analysis.
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Partition of the Market:
Global Radioimmunoassay Market is broadly partitioned into Reagents and Kits Market and Analysers Market according to type. With respect to End User into Hospital, Pharmaceutical Industry and CRO, Academics and Clinical Diagnostic Laboratories and with respect to Application into Research and Clinical Diagnostics.
Geographically the Global Radioimmunoassay Market is partitioned into various regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The Radioimmunoassay Market is led by North America in 2018 with the region accounting for 36% of the overall market share. North America was tailed next in line by Europe and Asia-Pacific. Asia-Pacific is anticipated to grow rapidly in the coming years as is evident from the high CAGR value for the region.
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Key players of the market:
The prominent players of Global Radioimmunoassay Market are DIAsource ImmunoAssays SA, Beckman Coulter, Inc, IBL International, PerkinElmer, Inc., DRG International, Inc., MP Biomedicals, LLC, Cisbio, Euro Diagnostica AB, DiaSorin S.p.A.., EMD Millipore, Izotop, Berthold Technologies GmbH & Co. KG and Stratec Biomedical AG
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The key players in the business are profiled giving bits of knowledge on their money related execution, advertise position and development techniques. Similar investigation on prime strategical exercises of the market players depicting the key advancements like mergers and acquisitions, coordinated efforts and an assessment of the focused condition inside the business are given. The report additionally offers an expansive standpoint of the market alongside proposals from industry specialists on the open doors for speculation action.
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