Multiplex Assays Market size was valued at USD 3.56 Bn. in 2022 and the total Multiplex Assays revenue is expected to grow at a CAGR of 8.7% from 2023 to 2029, reaching nearly USD 6.39 Bn.
Multiplex Assays Market Overview
A new market intelligence report published by Maximize Market Research, a global market intelligence firm, indicates the potential for significant growth in the Multiplex Assays Market for suppliers during the forecast period through 2029. The report includes an analysis of the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Multiplex Assays Market, as well as a list of key players and their business strategies.
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Multiplex Assays Market Report Scope and Research Methodology
The Multiplex Assays Market dynamics are thoroughly analyzed in the report, providing the reader with insights into emerging market trends, drivers, restraints, opportunities, and challenges at global and regional levels. Maximize Market Research collected the data through primary research surveys with product dealers, suppliers, international market supplies, and dealers, as well as a dedicated team of subject matter experts who meticulously track and analyze the Multiplex Assays Market industry. The bottom-up approach was employed to estimate the Multiplex Assays Market size. The report also includes a list of several ongoing development projects from various industries, followed by information on key projects that are in the development stage and may have a positive or negative impact on the global Multiplex Assays Market.
Multiplex Assays Market Dynamics
Protein multiplex assays provide various advantages in terms of the amount of data that could be collected, sample requirements, reagent cost, duration, and data analysis. Proteomics analyses are becoming increasingly important in biomarker research and clinical diagnoses. The search for acceptable biomarkers has expanded dramatically in clinical practice, and quantitative protein assessment is an important stage in biomarker identification.
Multiplex Assays Market Regional Insights
The report includes a region-wise detailed analysis of the Multiplex Assays Market including market dynamics, regional market structure and key players in each region. The regions are North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.
Multiplex Assays Market Segmentation
Based on Technology, the Multiplex Real-Time PCR Segment dominated the Multiplex Assays market with the largest share in 2022 and is expected to grow at a CAGR of 8.3% and maintain its dominance throughout the forecast period. PCR (polymerase chain reaction) testing is a rapid and precise method of diagnosing infectious illnesses and genetic alterations. The tests function by detecting pathogens (disease-causing organisms) or aberrant cell DNA or RNA in a sample.
Multiplex PCR panels enabled laboratories to offer very sensitive and specific test results for a wide range of viruses and bacteria that cause upper respiratory disease promptly. Multiplex real-time PCR is a modified variant of traditional PCR in which many target sequences are amplified using different sets of primers in a single PCR mixture. It regulates internal amplification to improve the accuracy of negative PCR findings. However, this approach allows for the identification of many infections in a single response, even if they are from different taxonomic families. These benefits are expected to increase its use in clinical diagnostics and drive multiplex assays market growth throughout the forecast period.
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Multiplex Assays Market Key Players
1. Luminex Corporation (United States)
2. Thermo Fisher Scientific Inc. (United States)
3. Illumina, Inc (United States)
4. Bio-Rad Laboratories, Inc. (United States)
5. Becton, Dickinson, and Company (United States)
6. Agilent Technologies, Inc. (United States)
7. Meso Scale Diagnostics (United States)
8. Quanterix (United States)
9. Bio-Techne Corporation (United States)
10. Promega Corporation (United States)
11. PerkinElmer, Inc. (United States)
12. Antigenix America, Inc. (United States)
13. Enzo Life Sciences, Inc. (United States)
14. Boster Biological Technology (United States)
15. Cayman Chemical Company (United States)
16. AYOXXA Biosystems GmbH |(Germany)
17. Merck KGaA (Germany)
18. Siemens Healthineers (Germany)
19. DiaSorin S.p.A. (Italy)
20. Olink (Sweden)
21. Qiagen N.V. (Netherlands)
22. Qiagen N.V. (Netherlands)
23. Abcam plc |(United Kingdom)
24. Abcam plc |(United Kingdom)
25. Randox Laboratories (United Kingdom)
26. Shimadzu Biotech (Japan)
27. Seegene (South Korea)
Key Questions answered in the Multiplex Assays Market Report are:
- What is Multiplex Assays Market?
- What is the expected Multiplex Assays Market size in 2029?
- How the major segments of the global Multiplex Assays Market are expected to develop during the forecast period?
- Who are the top suppliers and producers in the Multiplex Assays Market industry?
- What is the expected Multiplex Assays Market size by the end of the forecast period?
- Which region held the largest Multiplex Assays Market share in 2022?
- Who are the key players in the Multiplex Assays Market industry?
- Which Multiplex Assays Market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Application, Technology, Type, End-User, and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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The Multiplex Assays Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the multiplex assays market include Becton, Dickinson and Company, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche AG, Illumina Inc., Luminex Corporation, Merck KGaA, QIAGEN NV, and Thermo Fisher Scientific Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Multiplex Assays Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/multiplex-assays-market/download-sampleMarket DynamicsThe increasing usage of multiplex assays in companion diagnostics is primarily driving the market growth.
The advantages of multiplex assays over singleplex and traditional assays are again supporting the market presence.
However, high equipment cost and stringent regulations and standards are likely to hamper market growth.
