Global ELISpot and FluoroSpot Assay Market Research Report 2023-2028: Increasing Adoption in Oncology Fueling Expansion

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Dec 12, 2023, 10:45 ET

DUBLIN, Dec. 12, 2023 /PRNewswire/ -- The "ELISpot and FluoroSpot Assay Market - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global ELISpot and FluoroSpot Assays Market is expected to reach USD 421 million by 2028 from USD 292 million in 2023, at a CAGR of 7.6%

This report studies the ELISpot and FluoroSpot Assays market based on product, applications, End user, and region. The report also analyses factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total ELISpot and FluoroSpot Assays market. The report forecasts the revenue of the market segments with respect to four major regions.

Market is driven by factors such as Increasing use of ELISpot and FluoroSpot assays in oncology, growth in biotechnology and biopharmaceutical industries. On the other hand, availability of alternative detection technologies is expected to limit market growth to a certain extent in the coming years.

The market in Europe is projected to register the third highest growth rate during the forecast period. The growth in this market is due to Europe has a strong tradition of research and academic excellence, the rising incidence of chronic diseases, including autoimmune disorders and infectious diseases, government funding for research and healthcare in many European countries supports the development and adoption of advanced diagnostic technologies.

The Assay kits accounted for the largest market share in the ELISpot and FluoroSpot Assays product' smarket, during the forecast period

The ELISpot and FluoroSpot Assay Products market is segmented into Assay kits, Analyzers, and Ancillary Products. In 2022, kits accounted for a sizable market share because they offer advantages in terms of high specificity and sensitivity and better detection limits as compared to other assays such as ELISA as well as their wide applications in the field of research and diagnostics.

Diagnostic application segment accounted for the largest market share

Based on type of application, the ELISpot and FluoroSpot Assays market is segmented into Diagnostic and Research Application. The Diagnostic application segment accounted for the largest market share in 2022., while research application is expected to grow at the fastest rate in the years ahead, from 2023 to 2028 considering their practice in several research applications, such as vaccine development, clinical trials, and cancer research.

APAC region accounted for the highest CAGR

According to the regional analysis, the Asia-Pacific region is likely to retain a significant market share in 2022 and the future. The Asia-Pacific market is being propelled by an increase in non-communicable (NCD), research funding on vaccines and changing disease profiles. North America, on the other hand, will experience significant growth in the coming years due to the presence of key players, the availability of technologically advanced ELISpot and FluoroSpot assay kits and analyzers.

Premium Insights

Rising Incidence of Chronic and Infectious Diseases to Drive Market
Elispot Assay Kits to Register Higher Growth During Forecast Period
Assay Kits Accounted for Largest Share of North American Elispot and Fluorospot Assays Market in 2022
Asia-Pacific Countries to Register Higher Growth During Forecast Period

Market Dynamics

Drivers

Increasing Incidence of Chronic and Infectious Diseases and Growing Awareness About Early Disease Diagnosis
Increasing Vaccine Development to Address Challenges of Antimicrobial Resistance
Increasing Use of Elispot and Fluorospot Assays in Oncology
Elispot Assays as Diagnostic Tool in Drug Hypersensitivity Reaction
Growth in Biotechnology and Biopharmaceutical Industries

Restraints

Stringent Requirements for Approval of Elispot and Fluorospot Assay Instruments and Consumables
High Cost of Assay Kits and Analyzers

Opportunities

Use of Fluorospot Assays for Multiple-Analyte Detection in Single Well
Emerging Economies

Challenges

Availability of Alternative Detection Technologies
Dearth of Skilled Professionals

Company Profiles

Oxford Immunotec Usa, Inc. (Subsidiary of Revvity, Inc.)
Becton, Dickinson and Company
Bio-Techne
Cellular Technology Limited
Mabtech
Abcam plc
Merck KGaa
Autoimmun Diagnostika Gmbh
U-Cytech
Mikrogen Diagnostik
Medix Biochemica
Abnova Corporation
Anogen-Yes Biotech Laboratories Ltd.
Biorbyt Ltd.
Biosys Scientific Devices Gmbh
Jackson Immunoresearch Inc.
IST Scientific
Serva Electrophoresis GmbH
Acrobiosystems
National Analytical Corporation
Stemcell Technologies
Zenbio, Inc.
Boc Sciences
Tokyo Chemical Industry Co. Ltd.
MP Biomedicals

For more information about this report visit https://www.researchandmarkets.com/r/a6yyj

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