Radioimmunoassay Market – Size, Share, Outlook, and Opportunity Analysis 2018-2026
Radioimmunoassay (RIA) is one of the most frequently used in-vitro assay techniques to measure the concentration of antigens in blood. The principle on which radioimmunoassay based on competitive binding assay. In this technique, antibody and antigen bind to one another and the amount of bound antigen is measured using radioimmunoassay. This method is hypersensitive in nature and can measure even the smallest amount of hormone or drug level with the help of antibodies. Immunoassays play a significant role in the analysis of various clinical laboratory analytes such as nucleic acid, hormones, proteins, and drugs. The development of assays with much more sensitivity will lead to the discovery of new biomarkers for diagnosis of diseases.
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Over the years, the importance of radioimmunoassay in the field of medical diagnostics has increased due to various factors such as specificity of results, accuracy, sensitivity, and precision. The three main factors involved in radioimmunoassay include bound antigen, a radio labelled antigen, and a pure antigen, along with a separation unit to estimate the delivery of radioactivity in free and bound antigens. Radioimmunoassay methods are used in several fields of disease diagnosis such as in early detection and diagnosis of cancer, other chronic diseases, and diagnosis of neurodegenerative disorders. In biotechnology and pharmaceutical industry, radioimmunoassay is used for drug testing.
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.
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