Latest Research Report on ELISpot and FluoroSpot Assay Market Growth, Industry Revenue Analysis

Growth in this market is driven by the rising global incidence of chronic diseases, increasing vaccine development to address the challenge of antimicrobial resistance, and technological advancements in ELISpot and FluoroSpot assay kits and analyzers.

The ELISpot and FluoroSpot Assay market is projected to reach USD 287 million by 2023 from USD 135 million in 2018, at a CAGR of 16.2% during the forecast period.

+ Market Dynamics

+ Drivers

+ Rising Global Incidence of Chronic Diseases

+ Increasing Vaccine Development to Address the Challenge of Antimicrobial Resistance

+ Technological Advancements in ELISpot and FluoroSpot Assay Kits and Analyzers

Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=124350584

The ELISpot and FluoroSpot market is segmented into assay kits, analyzers, and ancillary products. The assay kits are further subsegmented by utility, type, and analyte. In 2018, the assay kits segment is expected to account for the largest share of the market. The rising incidence of chronic diseases and technological advancements are driving the growth of this product segment.

The ELISpot and FluoroSpot market is segmented into diagnostic and research applications. In 2018, the diagnostic applications segment is expected to account for the larger share of the ELISpot and FluoroSpot market in 2018. The large share of this segment can be attributed to the rising global prevalence of infectious diseases and the increasing use of ELISpot kits for disease diagnosis.

The ELISpot and FluoroSpot market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). While North America is expected to dominate the market in 2018, Asia Pacific is expected to register the highest CAGR in the market during the forecast period. Growth in APAC is largely driven by the large patient population and high prevalence of chronic diseases in this region.

Key Market Players

Some of the prominent players in the ELISpot and FluoroSpot are Oxford Immunotec (UK), Cellular Technologies (US), Mabtech (Sweden), Becton, Dickinson and Company (US), and Abcam (UK).

Oxford Immunotec is the leading player in the ELISpot and FluoroSpot market. The company focuses on the development of diagnostic kits for the early detection of diseases such as TB and tick-borne diseases. The company has its presence across the globe and to maintain and improve its presence in the market; Oxford Immunotec adopted both organic as well as inorganic strategies. The company also invests a significant amount on research and development activities. In 2017, it spent around 16% of its revenue on R&D activities, which is higher than most of its counterparts.

Cellular Technology Limited (CTL) is among the pioneers of the ELISpot and FluoroSpot assays. The company developed the first ELISpot analyzers and has been leading the analyzers market ever since. It also offers ELISpot and FluoroSpot kits for detection of multiple analytes. The company’s assay kits are available for the detection of cytokines, antibodies as well as other analytes such as granzymes. The analyzers from CTL are able to detect up to 8 colors.

View complete press release:-https://www.marketsandmarkets.com/PressReleases/elispot-fluorospot-assay.asp