Immunochemistry Reagents Market

Immunochemistry refers to the study of the chemical aspects of the immune system with the application of antibodies as chemical reagents. The antibody-antigen binding can be observed in many ways. To catalyze a color-producing reaction, alkaline phosphatase (AP) and peroxidase (HRP) enzymes are majorly used. Immunohistochemistry is the science involving the complete process of selectively imaging antigens in cells of tissue by implementing the characteristics of antibodies binding specifically to antigens in human tissues. Immunochemistry reagents support important immune system functions by detecting the nature of the antigen, antibodies, specific protein, and their interaction. Immunochemistry is useful to treat various diseases such as heart disease, infectious disease, cancer, endocrinology, drug abuse testing, and drug development.

COVID-19 Impact analysis

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the immunochemistry reagents market.

Top Impacting Factors

• Increase in number of cases of various diseases, rise in adoption of targeted immunotherapy, surge in R&D expenditure of biotechnology and pharmaceutical companies, and increased approval rate for therapeutic antibodies by regulatory authorities, are factors that drive the growth of the immunochemistry reagents market.
• In addition, rise in specialization in drug monitoring, technological advancements, and surge in demand for biomarkers because immunochemistry plays an important role within the development of biomarkers are some factors, which boost the market growth for immunochemistry reagents.
• However, the low adoption rate of automated immunochemistry products in developing economies due to a high value and rigorous laws for the development and launch of immunochemistry products hinder the market growth.
• Contrarily, government support in terms of grants and funds present new pathways in the industry.

Market Trends

New product launches to flourish the market

Eiken Chemical Co. LTD. developed and supplied reagents Pepsinogen I and II and H.pylori antibody for tests of atrophic gastritis.

LZ test is a reagent for fully automated analyzers based on the principle of latex agglutination immunoturbidimetry.

Key Benefits of the Report

• This study presents the analytical depiction of the immunochemistry reagents industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the immunochemistry reagents market share.
• The current market is quantitatively analyzed to highlight the immunochemistry reagents market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed immunochemistry reagents market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the immunochemistry reagents Report

• Which are the leading players active in the immunochemistry reagents market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?
• What is "Immunochemistry reagents"?
• What is "Immunochemistry reagents" Market prediction in the future?
• Who are the leading global players in the "Immunochemistry reagents" Market?
• What are the current trends and predicted trends?
• What are the key benefits of the "Immunochemistry reagents" Market report?

 Immunochemistry Reagents Market Report Highlights