Europe Multiplex Detection Immunoassay Market Research Analysis 2021| Growth Opportunity, Industry Analysis & Prominent Key Factors - Bio-Rad Laboratories Inc., Thermo Fisher Scientific, EMD Millipore (Merck KGaA), Becton, Dickinson and Company

Europe Multiplex Detection Immunoassay Market was valued at US$ 0.78 Bn in 2020, estimated to reach US$ 1.35 Bn in 2027 with a CAGR of 7.10% from 2021-2027.

Multiplex Detection immunoassay is defined as a procedure in which various analytes are profiled by detecting and quantifying them simultaneously. These assays are used to amplify multiple targets in a PCR (polymerase chain reaction) and collect more information from minute quantities of proteins or other analytes in lesser time as compared to conventional methods.

Multiplex assays assist the detection of multiple analytes in a single cycle of the test. Multiplex assays are being applied in different fields of life science, such as in functional genomics to detect the different types of biomolecules, such as proteins, and DNA simultaneously.

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In parallel to conventional assays, the multiplex techniques require a small amount of analytes and enable significant savings in costs and lab time. Fully automated multiplex immunoassays are increasingly used as first line screening for antinuclear antibodies. Various diseases both in humans and animals deploy multiplex immunoassay kits for its detection.

Multi-disciplinary nature of several diseases and pathological conditions such as cancer and Alzheimer’s disease, among others created a need for cost-effective, simultaneous, and time saving measurement of multiple analytes in a single sample. Increase in the rise of geriatric-related diseases in Europe have led to the growth of the immunoassay market. There is an increase in the spending of R&D activities in the pharmaceutical segment related to immunoassay analysis testing in the region. These factors have contributed to the growth of multiplex immunoassay market in Europe.

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Top Key Players

Various key players are listed in this report such as Bio-Rad Laboratories Inc., Thermo Fisher Scientific, EMD Millipore (Merck KGaA), Becton, Dickinson and Company, Qiagen N.V., Quansys Biosciences Inc, Luminex Corporation, F. Hoffmann-La Roche Ltd., Danaher Corporation, etc.

Competitive Landscape:

• The Europe Multiplex Detection Immunoassay market is moderately fragmented due to the presence of large number of regional and international players. It has also been observed that several large players are losing their market share owing to the competition posed by new entrants
• The figure Competition analysis of key vendors operating in Multiplex Detection Immunoassay market based on below parameters:
• New Product Launch
• Collaboration/Partnership
• Product Approval

Market Taxonomy

By Assay
• Planar assay
• Bead based assays

By Application
• Disease Testing
• Food Contamination Testing
• Research & Development
• Veterinary Disease Testing

By Technique
• Protein-Based Technique
• Biosensor-Based Technique

By End User
• Pharmaceutical Companies
• Clinical Research Organizations
• Food & Beverage Companies
• Academic Research Institutes
• Diagnostic Centers
• Biotechnology Companies

By Country
• Germany
• UK
• France
• Turkey
• Switzerland
• Norway
• Sweden
• Spain
• Italy
• Denmark
• Finland
• Iceland
• Poland
• Luxembourg
• Netherlands
• Belgium

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Vishal Thakur
Research Support Specialist
QualiKet Research
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Website: https://qualiketresearch.com

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which help our clients outperform their competition.

This release was published on openPR.