Multiplex Assays Market Size And Forecast
According to Verified Market Research, The Global Multiplex Assays Market was valued at USD 2.28 Billion in 2018 and is projected to reach USD 4.01 Billion by 2026, growing at a CAGR of 7.3% from 2019 to 2026.
What are Multiplex Assays?
A multiplex assay is a type of assay used in research to simultaneously measure multiple analytes (dozens or more) in a single run/cycle of the assay. The market is expected to grow at a high CAGR in the forecast period due to increased applications and advantages of the technology.
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Global Multiplex Assays Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The adoption of companion diagnostics for increasing safety & efficacy of therapies as well as the advantages of multiplexing over traditional assays is driving the growth of the market. Another factor that is boosting the growth of the market is the increasing need for effective analytical platforms to reduce operational costs. Factors such as high investment cost as well as the standardization of immunoassay design and quality control are restraining the growth of the global Multiplex Assays market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Multiplex Assays Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Multiplex Assays Market Competitive Landscape
The “Global Multiplex Assays Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Illumina, Inc., Luminex Corporation, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Merck KGAA, Seegene Inc., Meso Scale Diagnostics, LLC., Abcam PLC, Becton and Dickinson and Company. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Global Multiplex Assays Market, By Type
• Nucleic Acid-Based Multiplex Assays
• Protein-Based Multiplex Assays
Global Multiplex Assays Market, By Technology
• Multiplex PCR
• Multiplex Arrays
Global Multiplex Assays Market, By Application
• Research & Development
• Disease & Disorders
• Companion Diagnostics
Global Multiplex Assays Market, By End User
• Pharmaceutical & Biotechnology Companies
• Academic & Research Institutes
• Clinical Laboratories
• Other End Users
Global Multiplex Assays Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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