The Multiplex Detection Immunoassay Market to grow on a smarter note backed by advanced technology

The Multiplex Detection Immunoassay Market is expected to grow on a healthy note further. The current scenario is such that virtual monitoring tools are being called for. They act as a precision factor for the healthcare vertical. With the turning out to be more accessible for patients and providers alike, several post-operative intervention options are being made available for preventing hospital re-admittance and complications. With cost-effectiveness rendered as well, the healthcare vertical is expected to take off on a flourishing note going forward.
The global multiplex detection immunoassay market is set to be valued at over US$ 2 Bn by 2019 end, with the market expected to exhibit a healthy CAGR during the forecast period (2019 – 2029). Rapid, low sample consumption, and cost-effective are features offered by lab-on-chip technology, which is propelling the multiplex detection immunoassay market to new heights. Several multiplex detection immunoassay products with lab-on-chip technology are currently available in the market for quantitative test of thyroid disorders. For instance, 3D microfluidic chips are used in multiplex bioassays for environmental, clinical and biomedical applications.

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Company Profiles:

Bio-Rad Laboratories Inc.
Thermo Fisher Scientific
EMD Millipore (Merck KGaA.
Becton, Dickinson and Company.
Microsynth AG
Quansys Biosciences Inc
QIAGEN N.V.
F. Hoffmann-La Roche Ltd.
Danaher Corporation.
Luminex Corporation
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Key Takeaways – Multiplex Detection Immunoassay Market Study

Minimum quantification and reduced overall reaction time are expected to boost the demand for planar-based multiplex detection immunoassay 2X during the forecast period
Among the technique type, protein-based is anticipated to hold large chunk of the multiplex detection immunoassay market
Owing to increasing focus on disease predisposition and drug efficacy studies, research and development is expected to gain significant market share in the multiplex detection immunoassay market

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North America is expected to be significant revenue generator in the multiplex detection immunoassay market owing to emergence of several regional market players and well-developed healthcare infrastructure
In terms of end user, pharmaceutical companies are expected to dominate the multiplex detection immunoassay market in terms of revenue
Increasing adoption of multiplex detection immunoassay over conventional ELISA as well as technological advancement such as second generation multiplex immunoassay have boosted growth of the multiplex detection immunoassay market.

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Increasing Focus on Nanoarrays to Spur Multiplex Detection Immunoassay Market Growth

One of the key factors observed to impact the multiplex detection immunoassay market growth is the development of new and innovative arrays such as Nano arrays. During the last few years, planar-based multiplex detection immunoassay has emerged as a preferred method for clinical diagnosis as well as food contamination detection. The significant development in nanosciences has taken nano multiplex detection immunoassay arrays to next level, representing ultra-miniaturized version of conventional microarray.

With the development of advanced nano array technology, drug screening process has become more rapid and time effective. These nanoarrays are also being used in the field of proteomics, as these require small amount of sample. For instance, BioForce Nanosciences launched BioForce NanoArray on which 1,500 different analytes can be measured. Thus, the development of nano multiplex detection immunoassay arrays are anticipated to favor growth of the multiplex detection immunoassay market.

Know More About the Report

The multiplex detection immunoassay market, a new study from Persistence Market Research, provides unparalleled insights on evolution of the multiplex detection immunoassay market during 2014 – 2018 and presents demand projections during 2019 – 2029 on the basis of assay type (planar assay, and bead-based assay), technique (nucleic acid-based technique, protein-based technique, and biosensor-based technique), application (disease testing, food contamination testing, research and development, and veterinary disease testing), and end user (pharmaceutical companies, clinical research organizations, food & beverage companies, academic research institutes, diagnostic centers, and biotechnology companies) across prominent regions ( North America, Latin America, Europe, South Asia, East Asia, Oceania and MEA).

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