Immunochemistry Products Market Overview (2022-2032)

[250 Pages Report] The immunochemistry products market is anticipated to record a CAGR of 7.25% during the forecast period, up from US$ 2.08 Bn in 2021 to reach a valuation of US$ 4.5 Bn by 2032.

The immunochemistry products market is anticipated to show promising growth owing to its increase used to treat various illnesses and chronic diseases.

Attributes Details
Immunochemistry Products Market Value (2021) US$ 2.08 Billion
Immunochemistry Products Market Value (2032) US$ 4.5 Billion
Immunochemistry Products Market CAGR (2022-2032) 7.25%

Sales of immunochemistry products are expected to rise as IHC (Immunochemistry) has grown in prominence in clinical diagnostics. As a result, the rising frequency of chronic illnesses is expected to boost demand for immunohistochemistry products, adding to immunochemistry market development.

Increasing number of patients with various diseases such as cardiovascular disorders and cancer is also projected to contribute to the growth of the immunochemistry products market share. Immunohistochemistry products are most widely utilized in cancer detection and treatment. Aside from that, the alarming increase in medical and healthcare spending, as well as the increasing focus on value-based healthcare solutions, are significantly boosting the sales of immunohistochemistry products and propelling the immunohistochemistry products market growth.

The report sheds light on the factors improving the sales of immunochemistry products, and, in turn, the opportunities for the market players. However, the immunochemistry products market also faces some challenges, which might limit the immunochemistry products market share from reaching its potential.

Some of the key immunochemistry products market trends promoting the demand for immunochemistry products include technological innovation and increased knowledge of novel diagnostic tools among medical professionals, as well as the availability of reimbursements for IHC tests, which have all been projected to favorably impact the growth of the global immunochemistry market.

Moreover, personalized medicine has shown to be incredibly beneficial for patients with non-small-cell lung cancer, and its usage is predicted to have a significant impact on sales of immunohistochemistry products. The creation of multiplex and mutation-specific immunochemistry tests is a significant advancement that is anticipated to boost the immunochemistry products market during 2022-2032.

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What are the Key Drivers of the Immunochemistry Products Market Share?

Cancer's rising incidence rate is anticipated to drive up the sales and demand for immunochemistry products throughout the forecasted period. As immunochemistry products are widely used to diagnose cancer and other disorders involving antigen-antibody reactions.

According to the National Institutes of Health (NIH), an estimated 1,735,350 new cancer cases were discovered in the United States in 2018, with 609,640 individuals dying from the illness, this factor had a great impact on the sales of immunochemistry products. Furthermore, the expanding geriatric population and the increasing number of diagnostic facilities are driving demand for Immunochemistry products and market development.

Biotechnology companies' increasing spending in research and development programmes and innovative strategies to increase the sales and demand for immunochemistry products are also positively impacting the immunochemistry products market growth.

Which is the Leading Region in the Immunochemistry Products Market?

Depending on geographic regions, global immunochemistry market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America followed by Europe dominates the global immunochemistry market due to the easing number of patients with cardiovascular disorder and cancers, growing aging population, developed healthcare infrastructure, and growing demand for immunochemistry products or immunoassay technologies in these regions. This region is also anticipated to record an increase in revenue generated by sales of immunochemistry products by key players.

Asia-Pacific is the fastest emerging market for global immunochemistry due to growing patient population with cardiac diseases, increasing awareness about advanced immunochemistry products available in the immunochemistry products market, developing healthcare infrastructure and rising government spending in healthcare industry in this region.

Sabyasachi Ghosh
Sabyasachi Ghosh

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 How is the Competitive Landscape in the Immunochemistry Products Market?

Some of the key players in global immunochemistry market are F. Hoffmann-La Roche Ltd, Siemens Healthcare, Danaher Corporation, ImmunoChemistry Technologies, LLC, Beckman Coulter Inc., Ortho Clinical Diagnostics and Thermo Fisher Scientific Inc.

The report consists of key players contributing to the immunochemistry products market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analysis the competitive landscape and Immunochemistry Products market share acquired by players to strengthen their market position.

New Developments

  • Roche gained FDA clearance for the VENTANA MMR RxDx companion diagnostic test based on immunochemistry for solid tumours defective in the MMR pathway in August 2021. The test determines whether patients are candidates for GSK's anti-PD1 immunotherapy, JEMPERLI.
  • Agilent got a CE-IVD mark in Europe in August 2021 for their PD-L1 IHC 22C3 pharmDx test for identifying oesophageal cancer patients for therapy with KEYTRUDA.

Scope of Report

Report Attribute Details
Growth rate CAGR of 7.25% from 2022 to 2032
Base year for estimation 2021
Historical data 2015 - 2020
Forecast period 2022 - 2032
Quantitative units Revenue in USD million, volume in units, and CAGR from 2022 to 2032
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered Product, application, end user, region
Regional scope North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand
Country scope USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa
Key companies profiled AGC Inc.; Cevital Group; Euroglas; Guardian Industries; Saint-Gobain; Vitro
Customization scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs.

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Key Segments

By Product Type:

  • Immunochemistry analyzer
  • Chemiluminescence (CLI) analyzers
  • Immuno fluorescence (IFA) analyzers
  • Multiplexed Assay Systems
  • Enzyme Linked Fluorescence Assay (ELFA)
  • Enzyme immunoassay (EIA) instruments
  • Radioimmunoassay (RIA) analyzers
  • Incubators
  • Centrifuges
  • Microscopes
  • Autoclaves
  • Consumables
  • Antibodies
  • Primary antibodies
  • Secondary antibodies
  • Antigens
  • Enzymes Reagents
  • Stains
  • Buffers
  • Others

By End User:

  • Hospitals and Clinics
  • Diagnostic laboratories
  • Research laboratories
  • Biopharmaceutical and biotechnology companies
  • Others

By Application:

  • Oncology
  • Cardiology
  • Endocrinology
  • Infectious disease testing
  • Drug development
  • Drug and abuse testing
  • Others

By Region:

  • North America
  • Latin America
  • MEA
  • Europe
  • Asia Pacific

Frequently Asked Questions

What is the Growth Outlook for the Immunochemistry Products Market?

The immunochemistry products market is forecasted to register a CAGR of 7.25% during the forecast period.

Who are the Key Players in the Immunochemistry Products Market?

Key players holding substantial Immunochemistry Products market share include F. Hoffmann-La Roche Ltd, Siemens Healthcare, Danaher Corporation, ImmunoChemistry Technologies, LLC, Beckman Coulter Inc., Ortho Clinical Diagnostics and Thermo Fisher Scientific Inc.

What is the Future of the Immunochemistry Products Market?

As per the analysis, the immunochemistry products market share is likely to be US$ 4.5 Bn by 2032.

Which is the Key Driver in the Immunochemistry Products Market?

Demand for immunochemistry products is likely to rise on the back of an increasing number of patients with various diseases such as cardiovascular disorders and cancer.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Investment Feasibility Matrix
    3.5. PESTLE and Porter’s Analysis
    3.6. Regulatory Landscape
        3.6.1. By Key Regions
        3.6.2. By Key Countries
    3.7. Regional Parent Market Outlook
4. Global Immunochemistry Products Market Analysis 2017-2021 and Forecast, 2022-2032
    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Mn) Analysis By Type, 2017-2021
    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Type, 2022-2032
        5.3.1. Instruments
        5.3.2. Consumables
    5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021
    5.5. Absolute $ Opportunity Analysis By Type, 2022-2032
                5.5.1.1.1. Deep-dive segmentation will be available in the sample on request
6. Global Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Application
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021
    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032
        6.3.1. Infectious Diseases
        6.3.2. Blood Disorder
        6.3.3. Drug of Abuse Testing
        6.3.4. Others
    6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021
    6.5. Absolute $ Opportunity Analysis By Application, 2022-2032
                6.5.1.1.1. Deep-dive segmentation will be available in the sample on request
7. Global Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By End Users
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Mn) Analysis By End Users, 2017-2021
    7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End Users, 2022-2032
        7.3.1. Medical Research Labs
        7.3.2. Hospitals
        7.3.3. Clinical Diagnostic
        7.3.4. Biopharmaceutical & Biotechnology Companies
        7.3.5. Others
    7.4. Y-o-Y Growth Trend Analysis By End Users, 2017-2021
    7.5. Absolute $ Opportunity Analysis By End Users, 2022-2032
                7.5.1.1.1. Deep-dive segmentation will be available in the sample on request
8. Global Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
    8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Europe
        8.3.4. East Asia
        8.3.5. South Asia & Pacific
        8.3.6. MEA
    8.4. Market Attractiveness Analysis By Region
9. North America Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        9.2.1. By Country
            9.2.1.1. U.K.
            9.2.1.2. Canada
        9.2.2. By Type
        9.2.3. By Application
        9.2.4. By End Users
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Type
        9.3.3. By Application
        9.3.4. By End Users
    9.4. Key Takeaways
10. Latin America Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Rest of Latin America
        10.2.2. By Type
        10.2.3. By Application
        10.2.4. By End Users
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Type
        10.3.3. By Application
        10.3.4. By End Users
    10.4. Key Takeaways
11. Europe Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. U.K.
            11.2.1.3. France
            11.2.1.4. Spain
            11.2.1.5. Italy
            11.2.1.6. Rest of Europe
        11.2.2. By Type
        11.2.3. By Application
        11.2.4. By End Users
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Type
        11.3.3. By Application
        11.3.4. By End Users
    11.4. Key Takeaways
12. East Asia Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        12.2.1. By Country
            12.2.1.1. China
            12.2.1.2. Japan
            12.2.1.3. South Korea
        12.2.2. By Type
        12.2.3. By Application
        12.2.4. By End Users
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Type
        12.3.3. By Application
        12.3.4. By End Users
    12.4. Key Takeaways
13. South Asia & Pacific Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        13.2.1. By Country
            13.2.1.1. India
            13.2.1.2. Thailand
            13.2.1.3. Indonesia
            13.2.1.4. Malaysia
            13.2.1.5. Singapore
            13.2.1.6. Australia
            13.2.1.7. New Zealand
            13.2.1.8. Rest of South Asia & Pacific
        13.2.2. By Type
        13.2.3. By Application
        13.2.4. By End Users
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Type
        13.3.3. By Application
        13.3.4. By End Users
    13.4. Key Takeaways
14. MEA Immunochemistry Products Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    14.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    14.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        14.2.1. By Country
            14.2.1.1. GCC Countries
            14.2.1.2. South Africa
            14.2.1.3. Israel
            14.2.1.4. Rest of MEA
        14.2.2. By Type
        14.2.3. By Application
        14.2.4. By End Users
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Type
        14.3.3. By Application
        14.3.4. By End Users
    14.4. Key Takeaways
15. Key Countries Immunochemistry Products Market Analysis
    15.1. U.K.
        15.1.1. Pricing Analysis
        15.1.2. Market Share Analysis, 2021
            15.1.2.1. By Type
            15.1.2.2. By Application
            15.1.2.3. By End Users
    15.2. Canada
        15.2.1. Pricing Analysis
        15.2.2. Market Share Analysis, 2021
            15.2.2.1. By Type
            15.2.2.2. By Application
            15.2.2.3. By End Users
    15.3. Brazil
        15.3.1. Pricing Analysis
        15.3.2. Market Share Analysis, 2021
            15.3.2.1. By Type
            15.3.2.2. By Application
            15.3.2.3. By End Users
    15.4. Mexico
        15.4.1. Pricing Analysis
        15.4.2. Market Share Analysis, 2021
            15.4.2.1. By Type
            15.4.2.2. By Application
            15.4.2.3. By End Users
    15.5. Germany
        15.5.1. Pricing Analysis
        15.5.2. Market Share Analysis, 2021
            15.5.2.1. By Type
            15.5.2.2. By Application
            15.5.2.3. By End Users
    15.6. U.K.
        15.6.1. Pricing Analysis
        15.6.2. Market Share Analysis, 2021
            15.6.2.1. By Type
            15.6.2.2. By Application
            15.6.2.3. By End Users
    15.7. France
        15.7.1. Pricing Analysis
        15.7.2. Market Share Analysis, 2021
            15.7.2.1. By Type
            15.7.2.2. By Application
            15.7.2.3. By End Users
    15.8. Spain
        15.8.1. Pricing Analysis
        15.8.2. Market Share Analysis, 2021
            15.8.2.1. By Type
            15.8.2.2. By Application
            15.8.2.3. By End Users
    15.9. Italy
        15.9.1. Pricing Analysis
        15.9.2. Market Share Analysis, 2021
            15.9.2.1. By Type
            15.9.2.2. By Application
            15.9.2.3. By End Users
    15.10. China
        15.10.1. Pricing Analysis
        15.10.2. Market Share Analysis, 2021
            15.10.2.1. By Type
            15.10.2.2. By Application
            15.10.2.3. By End Users
    15.11. Japan
        15.11.1. Pricing Analysis
        15.11.2. Market Share Analysis, 2021
            15.11.2.1. By Type
            15.11.2.2. By Application
            15.11.2.3. By End Users
    15.12. South Korea
        15.12.1. Pricing Analysis
        15.12.2. Market Share Analysis, 2021
            15.12.2.1. By Type
            15.12.2.2. By Application
            15.12.2.3. By End Users
    15.13. India
        15.13.1. Pricing Analysis
        15.13.2. Market Share Analysis, 2021
            15.13.2.1. By Type
            15.13.2.2. By Application
            15.13.2.3. By End Users
    15.14. Thailand
        15.14.1. Pricing Analysis
        15.14.2. Market Share Analysis, 2021
            15.14.2.1. By Type
            15.14.2.2. By Application
            15.14.2.3. By End Users
    15.15. Indonesia
        15.15.1. Pricing Analysis
        15.15.2. Market Share Analysis, 2021
            15.15.2.1. By Type
            15.15.2.2. By Application
            15.15.2.3. By End Users
    15.16. Malaysia
        15.16.1. Pricing Analysis
        15.16.2. Market Share Analysis, 2021
            15.16.2.1. By Type
            15.16.2.2. By Application
            15.16.2.3. By End Users
    15.17. Singapore
        15.17.1. Pricing Analysis
        15.17.2. Market Share Analysis, 2021
            15.17.2.1. By Type
            15.17.2.2. By Application
            15.17.2.3. By End Users
    15.18. Australia
        15.18.1. Pricing Analysis
        15.18.2. Market Share Analysis, 2021
            15.18.2.1. By Type
            15.18.2.2. By Application
            15.18.2.3. By End Users
    15.19. New Zealand
        15.19.1. Pricing Analysis
        15.19.2. Market Share Analysis, 2021
            15.19.2.1. By Type
            15.19.2.2. By Application
            15.19.2.3. By End Users
    15.20. GCC Countries
        15.20.1. Pricing Analysis
        15.20.2. Market Share Analysis, 2021
            15.20.2.1. By Type
            15.20.2.2. By Application
            15.20.2.3. By End Users
    15.21. South Africa
        15.21.1. Pricing Analysis
        15.21.2. Market Share Analysis, 2021
            15.21.2.1. By Type
            15.21.2.2. By Application
            15.21.2.3. By End Users
    15.22. Israel
        15.22.1. Pricing Analysis
        15.22.2. Market Share Analysis, 2021
            15.22.2.1. By Type
            15.22.2.2. By Application
            15.22.2.3. By End Users
16. Market Structure Analysis
    16.1. Competition Dashboard
    16.2. Competition Benchmarking
    16.3. Market Share Analysis of Top Players
        16.3.1. By Regional
        16.3.2. By Type
        16.3.3. By Application
        16.3.4. By End Users
17. Competition Analysis
    17.1. Competition Deep Dive
        17.1.1. ImmunoChemistry Technologies, LLC
            17.1.1.1. Overview
            17.1.1.2. Product Portfolio
            17.1.1.3. Profitability by Market Segments
            17.1.1.4. Sales Footprint
            17.1.1.5. Strategy Overview
                17.1.1.5.1. Marketing Strategy
        17.1.2. Thermo Fisher Scientific
            17.1.2.1. Overview
            17.1.2.2. Product Portfolio
            17.1.2.3. Profitability by Market Segments
            17.1.2.4. Sales Footprint
            17.1.2.5. Strategy Overview
                17.1.2.5.1. Marketing Strategy
        17.1.3. Capricorn Products LLC
            17.1.3.1. Overview
            17.1.3.2. Product Portfolio
            17.1.3.3. Profitability by Market Segments
            17.1.3.4. Sales Footprint
            17.1.3.5. Strategy Overview
                17.1.3.5.1. Marketing Strategy
        17.1.4. Roche Diagnostics International Ltd
            17.1.4.1. Overview
            17.1.4.2. Product Portfolio
            17.1.4.3. Profitability by Market Segments
            17.1.4.4. Sales Footprint
            17.1.4.5. Strategy Overview
                17.1.4.5.1. Marketing Strategy
        17.1.5. BioMérieux
            17.1.5.1. Overview
            17.1.5.2. Product Portfolio
            17.1.5.3. Profitability by Market Segments
            17.1.5.4. Sales Footprint
            17.1.5.5. Strategy Overview
                17.1.5.5.1. Marketing Strategy
        17.1.6. Beckman Coulter
            17.1.6.1. Overview
            17.1.6.2. Product Portfolio
            17.1.6.3. Profitability by Market Segments
            17.1.6.4. Sales Footprint
            17.1.6.5. Strategy Overview
                17.1.6.5.1. Marketing Strategy
        17.1.7. Siemens AG
            17.1.7.1. Overview
            17.1.7.2. Product Portfolio
            17.1.7.3. Profitability by Market Segments
            17.1.7.4. Sales Footprint
            17.1.7.5. Strategy Overview
                17.1.7.5.1. Marketing Strategy
        17.1.8. Tosoh Corporation
            17.1.8.1. Overview
            17.1.8.2. Product Portfolio
            17.1.8.3. Profitability by Market Segments
            17.1.8.4. Sales Footprint
            17.1.8.5. Strategy Overview
                17.1.8.5.1. Marketing Strategy
        17.1.9. Bio-Rad
            17.1.9.1. Overview
            17.1.9.2. Product Portfolio
            17.1.9.3. Profitability by Market Segments
            17.1.9.4. Sales Footprint
            17.1.9.5. Strategy Overview
                17.1.9.5.1. Marketing Strategy
        17.1.10. Abbott
            17.1.10.1. Overview
            17.1.10.2. Product Portfolio
            17.1.10.3. Profitability by Market Segments
            17.1.10.4. Sales Footprint
            17.1.10.5. Strategy Overview
                17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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