Asia-Pacific Immunoassay Market

Asia-Pacific Immunoassay Market Size

The immunoassay market size in the Asia Pacific was worth USD 5.3 billion in 2024 and is estimated to reach USD 12.63 billion by 2033 from USD 5.84 billion in 2025, growing at a CAGR of 10.12% during the forecast period. The Asia-Pacific market is expected to show the highest growth over the forecast period due to the increasing development of new biologics, drugs, and vaccines.

MARKET DRIVERS

The frequency of chronic illnesses has been rising in this region; as a result, diagnostic tests that give essential insights at every step of medical care, including prevention, detection, diagnosis, treatment, and successful management of health issues, are in high demand. The increase in point-of-care diagnostics with the rise in advanced developments and technologies and the increase in the market for in-vitro diagnostics in Australia is anticipated to be driven by growing chronic illness occurrences. To strengthen their market position, companies are boosting their R&D spending and regularly bringing integrated and closed systems to the market, which is expected to accelerate its growth rate. Additionally, due to economies of scale, outsourcing in instrumentation is rapidly replacing in-house instrumentation, owing to greater efficiency, speed, and reduced operational costs, which is expected to act favorably to the APAC immunoassays market.

As well as the increase in the market players with mergers and acquisitions, with new innovative ideas of product creation, are examples of competitive tactics. Also, an increase in the spreading awareness and importance regarding immunoassay among people can drive the market growth of the APAC immunoassay market.

MARKET RESTRAINTS

However, the strict legal framework and a lack of adequate reimbursements as these processes are too tedious and consume lots of time; also due to the strict regulations make the process of the entry of the products complicated are the major restraints that are affecting the market growth of the immunoassay market in the APAC region. On the other hand, due to the increase in the new advancements in the immunoassay market, an increase in the market players like Roche Diagnostics, Beckman Coulter, and Abbott Laboratories may give rise to substitute products.

REGIONAL ANALYSIS

The Indian immunoassay market is expected to develop significantly over the next five years, owing to the rising prevalence of chronic and infectious illnesses in the nation. Furthermore, improvements in healthcare facilities and constant product improvements by major competitors in the market are some additional aspects that are expected to boost the market growth. Additionally, through FY2027, the growing use of immunoassay-based point-of-care testing solutions in both home care and the hospital is projected to enhance the Indian market growth.

The Chinese immunoassay market is forecasted to be growing at a promising CAGR during the forecast period. Due to the increase in chronic illnesses such as cancer, diabetes, and cardiovascular disease are on the rise among China's aging population. Therefore, In- Vitro Diagnostics devices can be used to diagnose and monitor all of these illnesses.

The Japanese immunoassay market is another lucrative regional market in the APAC market. It is projected to showcase a healthy growth rate during the forecast period as Japan's population is increasingly aging and has a major geriatric population. Due to this, in recent years, the life expectancy for healthy people has risen dramatically. Thus, it is projected to move the medical device industry's focus away from treatment and how it can be prevented.

The Australian immunoassay market is estimated to be growing at a moderate growth rate during the forecast period. In 2016, the Australian Institute of Health and Welfare estimated that 3.7 million Australians that is 15% of its population, were 65 or older. With the increase in the growing elderly population, age-related health issues may become more prevalent (arthritis, dementia, and cancer).

KEY MARKET PLAYERS

Companies playing a prominent role in the Asia-Pacific immunoassay market analyzed in this report are Roche Diagnostics, DiaSorin S.p.A, Beckman Coulter, Siemens Healthcare, Ortho Clinical Diagnostics, bioMerieux, Thermo Fisher Scientific and Abbott Laboratories, Akers Biosciences, Inc, Becton Dickinson and Company, Devon Medical Products, EDP Biotech Corporation, Hologic (Gen-Probe) and Intrinsic LifeSciences.

MARKET SEGMENTATION

This research report on the Asia-Pacific immunoassay market is segmented & sub-segmented the market into the following categories.

By Technology

• Enzyme Immunoassays
• Fluorescent Immunoassays
• Chemiluminescence Immunoassays
• Nephelometric Immunoassays
• Radio Immunoassays
• Counting Immunoassays
• Turbidimetric Immunoassays

By Application

• Oncology
• Cancer
• Hematology
• Cardiology
• Thyroid
• Infectious diseases
• Allergies

By End User

• Hospitals
• Clinics
• Academic Research Institute
• Pharmaceutical
• Biotech vendors
• Laboratories

By Country

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC