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Multiplex Assays Market 2019: Key Futuristic Trends and Competitive Landscape

Press release   •   Sep 22, 2019 13:34 IST

Multiplex Assays Market

The increase in adoption of multiplex assay in diagnostics, launch of technologically advanced products, increasing R&D activities in life science research, growing biotechnology sector and increase in investments by biopharmaceutical companies are likely aid in the growth for global multiplex assays market. Also the technological advancements in nanotechnology has led to the development of nanoarray technique which is expected to add novel opportunities in the forecast period for global multiplex assays market.

Multiplex assays are type of immunoassay where multiple analytes are measured in a single experimental run. Multiplex assays are derived from ELISA technique where beads are used for binding the antibody. These assays are used more for research purposes than for clinical applications. The potential advantages of these assays like its ability to independently and quantitatively measure multiple analytes at the same time in small volumes of biologic sample, also these assays offer cost effective and time saving quantification. Thus, provides a strong impetus for the routine use of these in both the research and clinical laboratories.

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The Multiplex Assays Marketreport analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

The key players are Thermo Fisher Scientific Inc, Illumina Inc, Bio-Rad Laboratories Inc, Qiagen, Abcam plc, BD, Agilent Technologies, Quanterix, Bio-Techne, Seegene Inc. among others. 

North America is expected to gain the largest share of the global multiplex assays market, due to government support for the development of advanced technologies for diagnostics, availability of skilled healthcare professionals and growing adoption of advanced techniques for research are some of the factors anticipated to boost the regional market growth. While the Asia Pacific region is expected to possess potential market due to establishment of various biotechnological companies, particularly in India and China will fuel demand in this region. The presence of untapped opportunities, continuously growing healthcare infrastructure, and economic development, are some of the factors accounting for the rapid growth of multiplex assays market in this region.

The multiplex assays market is classified by product as consumables, instruments and software. By type, the multiplex assays market is segmented as protein multiplex assays, nucleic acid multiplex assays and cell-based multiplex assays. By technology the multiplex assays market is segmented into flow cytometry, fluorescence detection, luminescence, multiplex real-time PCR and others. The application segment is further sub-segmented into research & development and clinical diagnostics. On basis of end user the multiplex assays market is segmented into pharmaceutical & biotechnology companies, hospitals, diagnostic laboratories and others.

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The Multiplex Assays Marketreport provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global multiplex assays market based product, type, technology, end user. It also provides market size and forecast till 2027 for overall multiplex assays market with respect to five major regions, namely; North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

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