RADIOIMMUNOASSAY MARKET ANALYSIS

Radioimmunoassay MarketSize and Trends

Radioimmunoassay Market – Dynamics

Radioimmunoassay market is projected to witness significant growth over the forecast period, owing to rising prevalence of various infectious diseases and cancer. For instance, according to the 2018 American Cancer Society report, cancer was responsible for around 609,640 cancer deaths in the U.S. Moreover, the use of radioimmunoassay procedures in pharmaceutical industries, contract research organizations, and research centers is expected to drive growth of the radioimmunoassay market size over the forecast period. Furthermore, increasing demand for healthcare automation and high throughput procedures in diagnostic labs and research centers to ensure satisfaction of customers and patients with error free results are other factors that are expected to drive growth of radioimmunoassay market over the forecast period. 

However, high cost of equipment required for procedures and hazardous radioactive material in the assay are factors that are expected to hamper growth of the global radioimmunoassay market.