ELISpot & FluoroSpot Assay Market worth $470.74 million by 2030- Exclusive Report by 360iResearch

The Global ELISpot & FluoroSpot Assay Market to grow from USD 273.41 million in 2022 to USD 470.74 million by 2030, at a CAGR of 7.02%.

PUNE, MAHARASHTRA, INDIA , December 7, 2023 /EINPresswire.com/ -- The "ELISpot & FluoroSpot Assay Market by Product (Acessories, Analyzers, Assay Kits), Application (Autoimmune Disorders, Infectious Diseases, Oncology), End-User - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global ELISpot & FluoroSpot Assay Market to grow from USD 273.41 million in 2022 to USD 470.74 million by 2030, at a CAGR of 7.02%.

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ELISpot (enzyme-linked immunosorbent spot) assays are sensitive and potent immunoassays that measure the quantity of antigen-specific T cells by evaluating the number of cytokine-secreting cells. FluoroSpot assays can visualize and enumerate the number of polyfunctional T cells and single-cytokine producers. FluoroSpot assay uses fluorescent labels with discrete, non-overlapping wavelengths to differentiate individual cytokines and co-secreted cytokines. Both ELISPOT and fluoroSpot assays are widely used in immuno-monitoring of clinical trials where both quantitative information and T cell phenotype identification at a single cell level are required. The rising increasing prevalence of chronic diseases across the world and a surge in biomedical research have necessitated the deployment of robust immunological assays for diagnosis and monitoring. Furthermore, the rise in investments in the pharmaceutical and biotechnology sectors, driven by a growing focus on personalized medicine, has expanded the application scope of these assays. However, the complexity of operating the assay and the chances of variability in test results impede the widespread adoption of the assays. Additionally, the difficulty of interpretation of test results and data analysis complexities with ELISpot & FluoroSpot assays further pose complications for utilization of ELISpot and FluoroSpot. However, the healthcare industry's continuous push toward innovation coupled with R&D initiatives aimed towards improving the specificity and accuracy of the assays can overcome the technical constraints of using ELISpot and FluoroSpot assay. A growing emphasis on immunotherapy treatments for cancer and other diseases further creates a significant need for ELISpot and FluoroSpot assays.

Product: Growing preference for comprehensive assay kits among research institutions and laboratories
A range of accessories are available for streamlining assay workflow, including multi-well plates, reading systems, counting systems, and wash buffers. Other essential accessories include elution buffers, standard diluents, and conjugate stabilizers. Analyzers constitute an integral part of ELISpot & FluoroSpot assays as they are used to interpret and validate the results of these assays. Analyzers typically utilize a combination of an optical system, image processing software, and a readout system and are used to accurately quantify the number and intensity of spots. Assay kits typically contain all necessary reagents and components, which are pre-optimized for best performance. These include antigens, detection antibodies, streptavidin-enzyme conjugates, enzyme substrates, diluent concentrates, ready-to-use substrate buffers, and multi-well plates, among others. Additionally, assay kits usually come with a detailed instruction manual, providing researchers with step-by-step guidance to ensure the successful execution of the assay.

End-user: Pertaining use of ELISpot & FluoroSpot assays in research and clinical practices providing unprecedented accuracy and reliable results
ELISpot (Enzyme-Linked ImmunoSpot) and fluoroSpot assays are widely used in quantifying the frequency of cytokine-secreting cells at a single-cell level. Research institutions significantly use these assays to analyze the immune system's functionality, responses to vaccines, and the effect of specific drugs on the cellular level. On the other hand, in hospital & clinical laboratories, ELISpot and FluoroSpot assays serve as keen instruments for diagnosing diseases and monitoring cellular responses during disease progression or post-treatment. These assays serve as pivotal instruments in identifying and understanding the immune responses related to chronic and inflammatory diseases.

Application: Expanding government initiatives to propel oncology research, diagnosis, and therapy
Autoimmune diseases, including multiple sclerosis(MS), lupus, Type 1 diabetes, rheumatoid arthritis, and psoriasis, are conditions in which the patient’s own immune system damages healthy cells in the body. The high sensitivity of the ELISPOT assay proves beneficial in autoimmune studies, as responses of autoreactive T and B cells have much lower frequencies than viral and vaccine-associated immune responses. The ELISpot and FluoroSpot assays help detect early stages of infections such as tuberculosis or HIV and evaluate the efficiency of antimicrobial treatments. The ELISpot and FluoroSpot assays can be used to detect and characterize naturally occurring tumor-reactive T cells, including tumor-infiltrating lymphocytes (TILs), and are suitable mediators of cancer immunotherapy. The ELISPOT assay has proven to be a promising strategy for predicting organ rejection and as a guide for therapeutic interventions after organ transplantation. The ELISPOT and FluoroSpot assays can be used during vaccine development to understand the impact of new vaccines on immune mediators such as interleukins, interferons, pro-inflammatory mediators, and memory B cell responses.

Regional Insights:
The continued growth of ELISpot and FluoroSpot assays in the Americas region can be credited to its well-established healthcare and biotechnological sectors, significant investments in research and development, and the presence of major market players. Particularly, the United States, with a robust healthcare infrastructure and increased healthcare spending, is driving the growth in this region. Europe is another key region for the ELISpot and FluoroSpot assays, with countries such as Germany, the United Kingdom, France, and Italy leading the growth of the technology. The growth in Europe is driven by advanced healthcare systems and the presence of reputed research institutions. Moreover, collaborations between academic institutions and the industry foster innovation in assay development. The European market also benefits from supportive regulatory policies aimed towards the development of advanced ELISpot and FluoroSpot assays. In the APAC region, the need for ELISpot and FluoroSpot assays is expanding due to increased awareness regarding advanced immunodiagnostic techniques, increased awareness about chronic diseases, and government initiatives aimed at enhancing healthcare outcomes. Furthermore, the presence of contract research organizations (CROs) in this region positions the Asia Pacific as a prominent region for the growth of both assays.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the ELISpot & FluoroSpot Assay Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the ELISpot & FluoroSpot Assay Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the ELISpot & FluoroSpot Assay Market, highlighting leading vendors and their innovative profiles. These include Abcam PLC, Abnova Corporation, Agilent Technologies, Inc., Anogen-Yes Biotech Laboratories Ltd, Autoimmun Diagnostika GmbH, Becton, Dickinson and Company, Bio-Techne Corporation, BIOSYS Scientific Devices GmbH, BOC Sciences, Broughton Life Sciences Limited, CellCarta Biosciences Inc., Creative Proteomics, Elabscience, Full Moon BioSystems, Inc., Jackson ImmunoResearch Inc., Mabtech AB, Merck KGaA, Oxford Immunotec USA, Inc., Oy Medix Biochemica Ab, ProImmune Ltd., Quansys Biosciences Inc., SBH Sciences, U-CyTech BV, and ZenBio, Inc..

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Market Segmentation & Coverage:

This research report categorizes the ELISpot & FluoroSpot Assay Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Acessories, Analyzers, and Assay Kits. The Assay Kits is projected to witness significant market share during forecast period.

Based on Application, market is studied across Autoimmune Disorders, Infectious Diseases, Oncology, Organ Transplantation, and Vaccine Development. The Infectious Diseases is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Academic Research Institutes and Hospitals & Clinical Laboratories. The Academic Research Institutes is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 43.48% in 2022, followed by Europe, Middle East & Africa.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. ELISpot & FluoroSpot Assay Market, by Product
7. ELISpot & FluoroSpot Assay Market, by Application
8. ELISpot & FluoroSpot Assay Market, by End-User
9. Americas ELISpot & FluoroSpot Assay Market
10. Asia-Pacific ELISpot & FluoroSpot Assay Market
11. Europe, Middle East & Africa ELISpot & FluoroSpot Assay Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the ELISpot & FluoroSpot Assay Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the ELISpot & FluoroSpot Assay Market?
3. What is the competitive strategic window for opportunities in the ELISpot & FluoroSpot Assay Market?
4. What are the technology trends and regulatory frameworks in the ELISpot & FluoroSpot Assay Market?
5. What is the market share of the leading vendors in the ELISpot & FluoroSpot Assay Market?
6. What modes and strategic moves are considered suitable for entering the ELISpot & FluoroSpot Assay Market?

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Mr. Ketan Rohom
360iResearch
+1 530-264-8485
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