Press release
Multiplex PCR Assays Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033
Multiplex PCR Assays Market
The new report published by The Business Research Company, titled Multiplex PCR Assays Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the multiplex PCR assays market size has grown rapidly in recent years. It will grow from $1.33 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The multiplex PCR assays market size is expected to see rapid growth in the next few years. It will grow to $2.5 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%.
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What Is Driving The Growth Of The Global Multiplex PCR Assays Market?
Surge In Diagnostic Testing Demand Drives Growth In Multiplex PCR Assays Market
The increasing demand for diagnostic testing is expected to propel the growth of the multiplex PCR assay market going forward. Diagnostic testing involves procedures or tests used to determine the presence or absence of a disease or condition in a patient. The rising demand for diagnostic testing is driven by increasing chronic diseases like cancer and diabetes, which require early and accurate diagnosis for effective management. Additionally, the focus on preventive healthcare encourages regular testing to detect potential issues early. Multiplex PCR assays allow for the simultaneous detection and analysis of multiple pathogens or genetic markers from a single sample, enhancing the efficiency and comprehensiveness of diagnostic testing. For instance, in July 2024, according to the National Health Service (NHS), a U.K.-based hospital and healthcare provider, diagnostic activity exceeded pre-pandemic levels in 2023, with a 21% increase in tests performed in May 2024 compared to the previous year. Moreover, 2.4 million diagnostic tests were carried out in May 2024. Therefore, the increasing demand for diagnostic testing will propel the growth of the multiplex PCR assay market.
What Is The Key Trend In The Global Multiplex PCR Assays Market?
Next-Gen qPCR Systems Boost Multiplex PCR Assays With Advanced Automation
Major companies operating in the multiplex PCR assays market are focusing on integrating automation, such as next-generation quantitative PCR (qPCR) systems, to provide precise and flexible nucleic acid quantification for advanced clinical diagnostics and public health. Next-generation qPCR systems offer high-throughput, accurate, and simultaneous detection of multiple targets, improving diagnostic accuracy and efficiency. For instance, in November 2023, Roche Diagnostics Corporation, a Switzerland-based diagnostic system solutions manufacturer, launched the LightCycler PRO System. This next-generation qPCR platform offers high-throughput, precise, and simultaneous detection of multiple targets. It features enhanced temperature uniformity, advanced software, and compatibility with over 200 LightMix Modular and 60 CE-IVD assays, improving diagnostic accuracy and efficiency. This system exemplifies the integration of automation in the Multiplex PCR Assays market, advancing clinical diagnostics and public health.
How Is The Global Multiplex PCR Assays Market Segmented?
The multiplex pcr assays market covered in this report is segmented -
1) By Assay Type: Planar Assay, Bead Based Assay
2) By Product And Services: Consumables, Instruments, Software And Services
3) By Application: Disease Diagnosis, Research And Development, Other Applications
4) By End User: Biopharmaceutical Companies, Clinical Research Organizations, Academic Research Institutes, Diagnostic Centers, Other End Users
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How Is The Competitive Landscape Of The Global Multiplex PCR Assays Market?
Major companies operating in the multiplex pcr assays market are F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, Abbott Laboratories, Danaher Corporation, Merck KGaA, Siemens Healthineers, Becton Dickinson and Company, Agilent Technologies Inc, PerkinElmer Inc, Illumina Inc, Sysmex Corporation, Bio-Rad Laboratories Inc, QIAGEN NV, Tecan Group Ltd, DiaSorin SpA, Bio-Techne Corporation, Promega Corporation, Randox Laboratories Ltd, BioFire Diagnostics Inc, Seegene Inc, Quanterix Corporation, NanoString Technologies, Standard BioTools Inc, Enzo Biochem Inc, SeraCare Life Sciences Inc, Agena Bioscience, Fluidigm Corporation
Contents Of The Global Multiplex PCR Assays Market
1. Executive Summary
2. Multiplex PCR Assays Market Report Structure
3. Multiplex PCR Assays Market Trends And Strategies
4. Multiplex PCR Assays Market - Macro Economic Scenario
5. Multiplex PCR Assays Market Size And Growth
…..
27. Multiplex PCR Assays Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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