According to the latest publication from Meticulous Research®, the ELISA market is expected to reach $32.69 billion by 2031, growing at a CAGR of 6.1% from 2024 to 2031. The growth of this market is driven by several factors including the increasing burden of chronic and infectious diseases, advancements in ELISA technology, and its expanding applications in clinical settings and food industries. However, challenges such as the potential for false positive results and high costs of ELISA antibody preparation are restraining market growth.

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Opportunities and Challenges

The market is poised for growth due to rising research activities in developing countries, increased R&D efforts for biomarker detection, and a greater focus on vaccine development. Despite these opportunities, stringent regulations for the approval and use of alternative disease diagnosis technologies pose significant challenges to market expansion.

Key Market Players

Key players in the ELISA market include Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Bio-Rad Laboratories Inc. (U.S.), F. Hoffmann-La Roche AG (Switzerland), Danaher Corporation (U.S.), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), Abbott Laboratories (U.S.), bioMérieux SA (France), Revvity Inc. (U.S.), QuidelOrtho Corporation (U.S.), Becton, Dickinson and Company (U.S.), Repligen Corporation (U.S.), BioLegend (U.S.), and Bio-Techne Corporation (U.S.).

Market Segmentation and Trends

The ELISA market is segmented by Type (including Direct, Indirect, Sandwich, and Competitive ELISA), Offering (Kits & Assays, Analyzers, and Software), Technology (Chemiluminescence, Colorimetric, and Fluorescence ELISA), and Application (Research, Diagnostic, Food Testing, and Other). The indirect ELISA segment is anticipated to hold the largest market share in 2024 due to its high sensitivity and cost-effectiveness. Additionally, kits & assays are expected to dominate the offerings segment, reflecting their widespread use in drug discovery and biomarker detection. The colorimetric ELISA technology is projected to lead the market due to its affordability and simplicity.

Regional Analysis

North America is projected to hold the largest market share of 37.7% in 2024. This dominance is attributed to the region's advanced healthcare infrastructure, substantial R&D investments, and the presence of major market players. For example, Thermo Fisher Scientific Inc. expanded its clinical research lab in Kentucky, U.S., with a $59 million investment in October 2022.

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