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According to a recent report by KDMI, Multiplex Assay Market is anticipated to Boom by 2026

KD Market Insights has published a new report on  Multiplex Assay Market analysis and forecast 2019-2026. The report comprises of Multiplex Assay Market size, Y-o-Y growth analysis, and market dynamics, including growth drivers, restraining factors, opportunities, and trends which are spearheading current nature and future status of the market.

The global multiplex assays market accounted for $73.2 million in 2018, and is expected to reach $123.1 million by 2026, growing at a CAGR of 6.6% from 2019 to 2026.

Multiplex immunoassays conjugates assays for several target analytes in a single reaction volume, minimizing workflow and sample volume difficulties. In addition, this assay provides a gain in assay dynamic range, and is used to amplify multiple targets in a polymerase chain reaction (PCR) and collect more information from minute quantities of proteins or other analytes in lesser time as compared to conventional methods such as singleplex ELISA. Multiplex assays find its application in pathogen identification, mutation analysis, RNA detection, gene detection analysis, linkage analysis, forensic studies, and others.

 

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Multiplex assays hold enormous potential in the R&D of drugs for the treatment of diseases, such as cancer and cardiovascular diseases that drives the market growth for theses assays. For instance, bead based Luminex xMAP multiplex assay provides a platform for cancer biomarker assays, which are compatible with plasma, serum, cultured cells, and other biological samples. In addition, surge in adoption of multiplex assays to reduce operation costs and rise in adoption of personalized medicines are anticipated to boost the market growth. However, high capital investment and dearth of skilled labors are the major factors that hinder the market growth. On the contrary, the emerging economies of Asia-Pacific and LAMEA regions offer lucrative growth opportunities for the expansion of multiplex assays market, due to improvement in healthcare infrastructure in these regions and increase in demand for better healthcare services from majority of the patient population.

The global multiplex assays market in this report is studied based on type, product, technology, application, end user, and region. On the basis of type, the market is divided into nucleic acid-based, protein-based multiplex assays, and others. By product, it is classified into multiplex assay reagents & consumables, multiplex assay instruments & accessories, and multiplex assay software & services. Depending on technology, it is fragmented into nucleic acid-based, protein-based multiplex assays, and others. As per application, it is segregated into companion diagnostics, research & development, clinical diagnostics, and others. According to end user, it is classified into hospitals, clinical laboratories, research institutes, and pharmaceuticals & biotechnological companies. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

– The study provides an in-depth analysis of the global multiplex assay market along with the current trends and future estimations to elucidate the imminent investment pockets.
– A comprehensive analysis of the factors that drive and restrict the market growth is provided.
– A comprehensive quantitative analysis of the industry is provided from 2018 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities.
– An extensive analysis of the key segments of the industry helps to understand the global trends in the multiplex assay market.
– Key players and their strategies are provided to understand the competitive outlook of the industry.

KEY MARKET SEGMENTS

By Type
– Nucleic Acid-based Multiplex Assays
– Protein-based Multiplex Assays
– Others

By Product
– Multiplex Assay Reagents & Consumables
– Multiplex Assay Instruments & Accessories
– Multiplex Assay Software & Services

By Technology
– Multiplex PCR
– Multiplex Protein Microarray
– Others

By Application
– Companion Diagnostics
– Research & Development
– Clinical Diagnostics

By End User
– Hospitals
– Clinical Laboratories
– Research Institutes
– Pharmaceuticals & Biotechnological Companies

By Region

North America
– U.S.
– Canada
– Mexico
Europe
– UK
– France
– Germany
– Italy
– Spain
– Rest of Europe
Asia-Pacific
– Japan
– China
– India
– South Korea
– Australia
– Rest of Asia-Pacific
LAMEA
– Saudi Arabia
– South Africa
– Brazil
– Rest of LAMEA

KEY MARKET PLAYERS

– Luminex Corporation
– Thermo Fisher Scientific Inc.
– Illumina Inc.
– Bio-Rad Laboratories Inc.
– QIAGEN N.V.
– Becton, Dickinson and Company
– Abcam PLC
– Seegene Inc.
– Randox Laboratories Ltd.

The other players in the value chain include (profiles not included in the report)

– Merck KGaA
– Agilent Technologies
– Quanterix
– Olink
– Sysmex Corporation
– Siemens Healthcare GmbH
– F. Hoffmann-La Roche Ltd.
– Johnson & Johnson

 

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Table of Content

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets

3.3. Porter’s five forces analysis

3.3.1. Moderate bargaining power of buyers
3.3.2. Low bargaining power of suppliers
3.3.3. Moderate threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. Moderate competitive rivalry

3.4. Market share analysis, 2018
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in R&D activities & governmental funding
3.5.1.2. Surge in adoption of multiplex assays to reduce operation costs
3.5.1.3. Rise in adoption of personalized medicines

3.5.2. Restraint

3.5.2.1. Lack of skilled labor/healthcare professionals

3.5.3. Opportunity

3.5.3.1. Various growth opportunities in emerging economies

CHAPTER 4: MULTIPLEX ASSAYS MARKET, BY TYPE

4.1. Overview

4.1.1. Market size and forecast

4.2. Nucleic acid-based multiplex assays

4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast
4.2.3. Market share analysis, by country

4.3. Protein-based multiplex assays

4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast
4.3.3. Market share analysis, by country

4.4. Others

4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast
4.4.3. Market share analysis, by country

CHAPTER 5: MULTIPLEX ASSAYS MARKET, BY PRODUCT

5.1. Overview

5.1.1. Market size and forecast

5.2. Multiplex assays reagents & consumables

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market share analysis, by country

5.3. Multiplex assays instruments & accessories

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market share analysis, by country

5.4. Multiplex assay software & services

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market share analysis, by country

Continue…

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