Multiplex Assays Market 2023 Leading Players are Luminex, Thermo Fisher Scientific, Illumina, Bio-Rad Laboratories, Qiagen, Abcam, Becton Dickinson and Company, Merck, Agilent Technologies

Namely multiplex assays Market Report has Been Published by Market Research Future Which Covers All the Geographical Locations with Demand, Trend Analysis with near about Forecasted results and Also Covers the Market Expectations.

Market Scenario:

The global multiplex assays market is expected to reach an approximate CAGR of 7.2% during the forecast period. The increase in high-throughput screening tests in research and development for detection of biomolecules of various diseases drives the market growth. Multiplex assays are used for diagnosing various autoimmune diseases, infectious diseases, and chronic diseases such as cancer and cardiovascular diseases. According to the National Institutes of Health (2012), autoimmune diseases are most prevalent as compared to other diseases and 23.5 million people in America suffer from autoimmune diseases, whereas 9 million people have cancer. Thus, growing prevalence of such diseases and rise in government funding for the R&D sector influence the growth in this market. The growing demand for rapid and precise measurement of analytes, operational and labor cost reduction, rising use of multiplex assays for diagnostic uses, and technological advancements are also the key factors for the market to grow.

However, factors such as expensive multiplex assays, heavy capital investments, shortage of skilled labor, and others are expected to restrict the market growth during the forecast period.

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Key players:

Some of the key players for the global multiplex assays market are Luminex, Thermo Fisher Scientific, Illumina, Bio-Rad Laboratories, Qiagen, Abcam, Becton Dickinson and Company, Merck, Agilent Technologies, Meso Scale Diagnostics, Randox Laboratories, Quanterix, Bio-Techne, Olink, Seegene, and others.

Research Methodology:

Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.

Primary Research
Extensive primary research was conducted to gain a deeper insight into the market and the industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.

Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the global multiplex assays market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, an international organization of chemical manufacturers, some paid databases, and many others.

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Segmentation:

The global multiplex assays market is segmented on the basis of product and service, type, technology, application, and end-user. The multiplex assays market, by product and service, is sub-segmented into consumables, instruments, software and services, and others. On the basis of type, the market is categorized into protein multiplex assays, nucleic acid multiplex assays, cell-based multiplex assays, and others. Protein multiplex assays are further sub-segmented into planar protein assays, bead-based protein assays, and others. Nucleic acid multiplex assays are further sub-segmented into planar nucleic acid assays, bead-based nucleic acid assays, and others. The technology segment includes flow cytometry, fluorescence detection, luminescence, real-time multiplex PCR, and others. On the basis of application, the market is categorized into research and development and clinical diagnostics. The research & development segment includes drug discovery and development and biomarker discovery and validation. The clinical diagnostics segment includes infectious diseases, cancer, cardiovascular diseases, autoimmune diseases, nervous system disorders, metabolism and endocrinology disorders, and others. On the basis of end-user, the market is segmented into pharmaceutical and biotechnology companies, hospitals and research institutes, reference laboratories, and others. On the basis of region, the global multiplex assays market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas is sub-segmented into North America and South America. The North American region is further segmented into the U.S. and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the U.K., Spain, and the rest of Western Europe. The Asia Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

Regional Market Summary:

The multiplex assays market is dominated by North America owing to strong R&D activities in this region. According to the International Trade Administration (ITA), the United States is the leading country in Biopharmaceutical Research and Development (R&D) activities and conducts around half the world's Research and Development (R&D) in pharmaceuticals. Increased adoption of technologically advanced devices and the high amount of healthcare expenditure drive the market in this region.

It is estimated that Europe stood second in the global multiplex assays market. Increasing healthcare expenditure and health care activities and increase in the use of diagnostics and unmet needs for health care are driving the growth of this market in Europe. The use of multiplex assays for diagnostics influences the market growth in this region. According to the European Heart Network (2017), 45% of deaths in Europe are due to cardiovascular diseases. Thus, increasing prevalence of cardiovascular diseases in Europe drives the market growth. Furthermore, growing biotechnology sector in Europe is expected to boost the market in this region.

Asia Pacific was projected to be the fastest growing region for the global multiplex assays market. Key factors such as rising number of patient population, increase in the prevalence of chronic diseases, and growing research and development activities in pharmaceuticals for the treatment of diseases, such as cancer and other infectious diseases influence the market in this region.

The Middle East and Africa holds the least share in the global multiplex assays market due to the presence of stringent government policies and poor economies. However, increasing investment by private market players in this region can boost the market growth.

Market Segmentation and Key Market Players:

Global Multiplex Assays Market, by Product and Service

Consumables
Instruments
Software and Services
Others
Global Multiplex Assays Market, by Type

Protein Multiplex Assays
Planar Protein Assays
Bead-Based Protein Assays
Others
Nucleic Acid Multiplex Assays
Planar Protein Assays
Bead-Based Protein Assays
Others
Cell-Based Multiplex Assays
Global Multiplex Assays Market, by Technology

Flow Cytometry
Fluorescence Detection
Luminescence
Multiplex Real-Time PCR
Others
Global Multiplex Assays Market, by Application
Research & Development
Drug Discovery & Development
Biomarker Discovery & Validation
Clinical Diagnostics
Infectious Diseases
Cancer
Cardiovascular Diseases
Autoimmune Diseases
Nervous System Disorders
Metabolism & Endocrinology Disorders
Global Multiplex Assays Market, by End-User

Pharmaceutical & Biotechnology Companies
Hospitals & Research Institutes
Reference Laboratories
Others
Global Multiplex assays Market, by Region

The Americas
Europe
Asia Pacific
The Middle East & Africa
Global Multiplex assays Market, by Key Players

Luminex
Thermo Fisher Scientific
Illumina
Bio-Rad Laboratories
Qiagen
Abcam
Becton Dickinson and Company
Merck
Agilent Technologies
Meso Scale Diagnostics
Randox Laboratories
Quanterix
Bio-Techne
Olink
Seegene
Others
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Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com

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