The global immunoassay market size is calculated at US$ 35.61 billion in 2024, grew to US$ 37.29 billion in 2025, and is projected to reach around US$ 56.54 billion by 2034. The market is expanding at a CAGR of 4.72% between 2025 and 2034.
Highly developed healthcare infrastructure, technological advances, and ongoing R&D investments are increasingly fueling innovations in the respective market.
The global market leverages the selection of appropriate, specific antibodies and antigens, optimization of the assay format, creation of a "sandwich" with a labeled secondary antibody, then validation of the assay, and, at the end, performing a quality control process, such as spike recovery, to ensure accuracy and minimize interference.
Key Players: Abbott, Thermo Fisher Scientific, and Bio-Rad Laboratories, etc.
The immunoassay market involves manufacturing the device (e.g., a lateral flow assay) with its components, such as the sample and conjugate pads, furthermore, the primary, secondary, and tertiary packaging, and ultimately labelling with a unique, trackable identifier (like a QR Code or DataMatrix code).
Key Players: OPTEL, VISIOTT, Antares Vision Group, Systech, ACG, etc.
By collecting blood or saliva samples and testing to measure specific proteins, hormones, or antibodies, assisting in disease management from diagnosis to follow-up care across different issues, mainly infections, autoimmune disorders, cardiovascular issues, and cancers.
Key Players: Vision Diagnostic Centre, IQVIA Labs, bioMérieux, Meridian Bioscience, etc.
In July 2025, TrilliumBiO, a leader in biomarker discovery and precision diagnostics, announced a strategic alliance with T-NeuroDx, a pioneering diagnostics company, to advance the progression of blood-based biomarker diagnostics for Alzheimer's disease. Laura Vivian, CEO of TrilliumBiO, replied that this will leverage more accessible, non-invasive diagnostics for patients and providers.
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