Meticulous Research® projects the ELISA market will grow to $32.69 billion by 2031, with a CAGR of 6.1% from 2024 to 2031. Key factors driving this growth include the rising incidence of chronic and infectious diseases, advancements in ELISA technology, and its growing use in clinical and food industry settings. However, challenges like false positive results and high costs of antibody preparation may impact market growth.

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Growth Potential and Barriers
The market stands to benefit from increased research in developing nations, growing R&D for biomarker detection, and a focus on vaccine development. On the flip side, strict regulations and the availability of alternative diagnostic technologies present challenges.

Leading Companies
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.).

Segment Analysis
The market is categorized by Type (Direct, Indirect, Sandwich, Competitive), Offering (Kits & Assays, Analyzers, Software), Technology (Chemiluminescence, Colorimetric, Fluorescence), Application (Research, Diagnostic, Food Testing), and End User (Pharmaceuticals, Diagnostics, Research Institutes, Food Labs). The indirect ELISA segment is projected to have the largest share in 2024 due to its high sensitivity. Kits & assays are expected to dominate the market offerings segment, while colorimetric ELISA will lead due to its affordability and ease of use.

Regional Breakdown
North America is forecasted to hold the largest market share of 37.7% in 2024, attributed to its advanced healthcare infrastructure, significant R&D investments, and the presence of leading market players. For example, Thermo Fisher Scientific Inc. expanded its Kentucky lab with a $59 million investment in October 2022.

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