Asia-Pacific Syndromic Multiplex Diagnostic Market will grow at a CAGR of 9.6% by 2029

Syndromic multiplex testing is used to diagnose many pathogens simultaneously. In the syndromic multiplex diagnostic, various types of reagents & consumables and instruments & accessories are used, which helps maintain accuracy and provide fast diagnosis results. These multiplex tests are rapidly diagnosed with certain infections, allowing clinical management decisions to be made promptly. The tests based on multiplex technology are known as test panel. The panels used in syndromic testing are designed to diagnose multiple diseases associated with the same or similar type of syndrome. These panels help evaluate the cause of the disease at the point of care. Gastrointestinal panels and respiratory panels are the types of syndromic panels.

Syndromic multiplex testing utilizes the advanced technology of multiplex PCR which provides accurate and fast diagnostic results, with the help of the multiple panels which is used in syndromic multiplex diagnostic to provide diagnostic results within an hour. The new generations of syndromic multiplex can rapidly identify the common type of pathogens in the respiratory specimens, blood and cerebrospinal. The use of multiplex panels is associated with quicker turnaround time, reduction of other unnecessary laboratory tests, faster diagnosis and targeted treatment.

Data Bridge Market Research analyses that the Asia-Pacific syndromic multiplex diagnostic market will grow at a CAGR of 9.6% during the forecast period of 2022 to 2029.

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Drivers

Increasing demand for fast and accurate results
Fast and accurate syndromic diagnostic helps healthcare professionals to provide efficient medication at the proper time. Accurate syndromic diagnostic testing is used for various pathogens in a single test reaction. This test helps provide more comprehensive, accurate, and realistic results in critical care. Hence, the high demand for fast and accurate results drives the market growth.

Rise in prevalence of infectious diseases
The rising incidence of infectious bacterial and viral diseases impacts the market's demand because, in the syndromic testing, multiplex real-time PCR technique and the syndromic approach are used for molecular diagnostics of infectious diseases.

Opportunity

Rising Diagnostic Healthcare Expenditure
The growing healthcare expenditure is expected to increase the availability of services and affordability for the population to opt for better and more precise diagnostic services to manage their diseases. The increase in healthcare expenditure ensures better availability of diagnostic services. Hence, huge health care expenditure is a favourable factor and is acting as an opportunity for the growth of the syndromic multiplex diagnostic market.

Restraints/Challenges

High Cost of Diagnostic Products
The multiplex syndromic testing applications utilize the real-time Polymerase chain reaction (PCR), which delivers the results with amplification curves and correct values. The instruments used in the syndromic multiplex diagnostic require high maintenance costs. Hence, the high cost of instruments is a challenge for the market.

Post COVID-19 Impact on Syndromic Multiplex Diagnostic market
COVID-19 has positively affected the market. Market players are launching different products for the detection of the SARS-CoV virus. There is an increase in approval of products by regulatory bodies after post COVID-19, which leads to a rise in market growth.

Recent Development

In January 2022, QIAGEN announced the enhancements in the commercialization of the QIAstat-Dx syndromic testing menu. This enhancement will help the company increase its revenue in the coming years.

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Syndromic Multiplex Diagnostic Market Scope
The syndromic multiplex diagnostic market is categorized into five segments: product and services, infection type, disease, panels type, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product and Services

Reagents & Consumables
Instruments, Software & Accessories
Services
Based on products and services, the Asia-Pacific syndromic multiplex diagnostic market is segmented into reagents & consumables, instruments, software & accessories and services.

Infection Type

Viral
Bacterial
Parasites
Fungal
Based on infection type, the Asia-Pacific syndromic multiplex diagnostic market is segmented into viral, bacterial, parasites and fungal

Disease

Respiratory Infection
Gastroneteritis
Sexually Transmitted Infections
Sepsis
Meningitis
Others
Based on disease, the Asia-Pacific syndromic multiplex diagnostic market is segmented into respiratory infections, gastroenteritis, sexually transmitted infections, sepsis meningitis and others

Panels Type

Respiratory Panel
GI-Enteric Panel
Sexually Transmitted Disease Panel
Blood-Sepsis Panel
Meningitis Panel
Others
Based on panels type, the Asia-Pacific syndromic multiplex diagnostic market is segmented into respiratory panel, GI-enteric panel, sexually transmitted disease panel, blood-sepsis panel, meningitis panel and others

End User

Hospitals
Clinical Laboratories
Pharmaceutical & Biotechnology Companies
Research Institutes

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