Press release
Global Multiplex Assays Market - Size is Projected to be Around US$ 4,277.31 Million by 2026 || Industry Key Players - Luminex Corporation, Thermo Fisher Scientific Inc., & Seegene Inc.
MRRSE
The global multiplex assays market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, technology, type, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by geography and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global multiplex assays market.
The global multiplex assays market is anticipated to reach US$ 4,277.31 Mn by 2026, expanding at a CAGR of 7.90% from 2018 to 2026. Expansion of the market can be attributed to the advantages offered by multiplex assays over singleplex assays, rising prevalence of infectious diseases and cancer that can be detected easily at earlier stages, government and private funding for carrying out research, and strategic acquisitions among market players to enhance the reach of the multiplex assay kits. However, the high cost of instruments used to perform multiplex assays, non-availability of diagnostic kits, and lack of skilled labor are anticipated to restrain the market.
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In terms of product, the global multiplex assays market has been segmented into instruments, consumables, and software. The consumables segment has been further categorized into reagents & kits, micropipettes and microplates, and others. Expansion of the consumables segment is primarily due to repeat orders for reagents and kits. Additionally, the market has been segmented based on technology, type, and application.
Based on end-user, the global multiplex assays market has been classified into biotechnology & biopharmaceutical companies, academic & research centers, diagnostic centers, hospitals, and others. The biotechnology & biopharmaceutical companies segment is anticipated to expand at a significant CAGR during the forecast period. The market has been analyzed based on price variations, technology trend, and presence of key players. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.
In terms of region, the global multiplex assays market has been segmented into five major regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East (South Africa, GCC Countries, Israel, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.
The report also profiles the major players in the market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Key companies profiled in the global multiplex assays market include Luminex Corporation, Thermo Fisher Scientific, Inc., Seegene, Inc., Meso Scale Diagnostics, LLC., Abcam plc, Bio-Rad Laboratories, Inc., QIAGEN N.V., Merck KGaA, Quansys Biosciences, and Illumina, Inc.
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The global multiplex assays market has been segmented as follows:
Global Multiplex Assays Market, by Product
Instruments
Consumables
Reagents & Kits
Micropipettes & Microplates
Others
Software
Global Multiplex Assays Market, by Technology
Multiplex RT-PCR
Flow Cytometry
Luminescence
Fluorescence
Others
Global Multiplex Assays Market, by Type
Protein
Planar
Bead-based
Nucleic Acid
Planar
Bead-based
Cell
Global Multiplex Assays Market, by Application
Research & Development
Drug Discovery & Research
Biomarker Research & Application
Diagnosis
Infectious Diseases
Autoimmune Diseases
Cancer
Cardiovascular Diseases
Neuro-endocrine Diseases
Others
Others
Global Multiplex Assays Market, by End-user
Biotechnology & Biopharmaceutical Companies
Academic & Research Centers
Diagnostic Centers
Hospitals
Others
Global Multiplex Assays Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
Australia
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
GCC Countries
Israel
Rest of Middle East & Africa
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