The global immunoassay market is projected to grow significantly, driven by advancements in enzyme immunoassays, which held over 58.2% market share in 2022. The infectious disease testing segment is expected to expand at a CAGR of 5.6%, fueled by rising global incidences of diseases like HIV and hepatitis. North America leads the market with over 36.2% of revenues, supported by advanced healthcare infrastructure and a high prevalence of chronic diseases.
The global biobanking market is projected to grow significantly, driven by advancements in cryopreservation and automation, with stem cells expected to dominate the market. Europe is anticipated to hold the largest share due to its robust healthcare infrastructure, while Asia-Pacific is set for the fastest growth, fueled by increased investments and a rising prevalence of chronic diseases. Key developments include substantial funding for the UK Biobank and initiatives to enhance global access to biomedical data.
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