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Multiplex Biomarker Imaging: Enhancing Diagnostics in 2024

Multiplex Biomarker Imaging: Enhancing Diagnostics in 2024

The Business Research Company recently released a comprehensive report on the Global Multiplex Biomarker Imaging Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The multiplex biomarker imaging market size has grown rapidly in recent years. It will grow from $0.44 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to the high incidence of cancer, the need for precise diagnostic tools, the growing prevalence of chronic diseases, the increase in the aging population, and the shift towards personalized medicine.

The multiplex biomarker imaging market size is expected to see rapid growth in the next few years. It will grow to $0.74 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing emphasis on personalized medicine, increased research and development activities, increasing clinical trials, the need for high throughput screening methods in drug discovery, and supportive regulatory frameworks and guidelines. Major trends in the forecast period include technological advancements, innovations in imaging technologies, advances in digital pathology, developments in data analysis and imaging software, and integration of AI and machine learning with imaging technologies.

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Market Drivers and Trends:

The growing demand for green and ethical beauty products is expected to propel the growth of nanotechnology in the cosmetics market going forward. Green and ethical beauty products are those made with natural, often organic, ingredients and with a focus on sustainability and cruelty-free practices. The demand for green and ethical beauty products stems from eco-conscious consumers' desire for cruelty-free, natural ingredients. Nanotechnology helps revolutionize formulations in green and ethical beauty by creating high-performance products with potentially fewer ingredients or more sustainable options. For instance, in March 2024, according to The Organic Beauty and Wellbeing Market Report, published by The Soil Association, a UK-based membership charity that focuses on the effect of agriculture on the environment, there has been a remarkable 65% growth in organic mother and baby care, alongside a solid 6% growth in organic health and personal care within the UK. Moreover, the overall organic beauty and wellbeing market in the UK reached a value of £147.6 million ($191.88 million) in 2022, compared to £138.2 million ($186.57 million) in 2021. Therefore, a growing demand for green and ethical beauty products drives nanotechnology in the cosmetics market.

Major companies operating in the multiplex biomarker imaging market are focusing on providing innovative slides, such as automated slide loaders, to provide advanced imaging solutions and better serve customers. Automated slide loaders streamline sample handling, reducing hands-on time and enhancing throughput, which is crucial for high-volume multiplex biomarker imaging experiments. For instance, in April 2024, Standard BioTools Inc., a US-based provider of analytical systems and instruments, launched a Hyperion XTi Imaging System with a new high-throughput multiplexed whole slide to add automation and flexibility. It has three modes for rapid analysis, including preview, tissue, and cell modes. Researchers can visualize tissue heterogeneity quickly and conduct deeper analysis. This novel whole slide imaging method using imaging mass cytometry (IMC) offers up to 10 times higher throughput than cyclic immunofluorescent imaging. Additionally, a new automated slide loader facilitates high-throughput imaging, reducing hands-on time and enabling standardization. These innovations aimed to accelerate breakthroughs in spatial proteomics, providing reliable insights into health and disease.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Merck KGaA, Thermo Fisher Scientific Inc., Danaher corporation, Becton Dickinson and Company (BD), Carl Zeiss AG, Illumina Inc, PerkinElmer Inc., Bio-Rad Laboratories Inc, Bruker Corporation, Bio-Techne Corporation, Leica Biosystems Nussloch GmbH, Abcam Plc, Meso Scale Diagnostics LLC, Fluidigm Corporation, NanoString Technologies, Quanterix Corporation, Akoya Biosciences, Enzo Biochem Inc, Cisbio Bioassays, Flagship Biosciences, Aushon BioSystems Ltd, Ionpath Inc., Biosims Technologies

Multiplex Biomarker Imaging Market 2024 Key Insights:

• The multiplex biomarker imaging market size is expected to see rapid growth in the next few years. It will grow to $0.74 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.
• Rising Chronic Disease Prevalence Surge Multiplex Biomarker Imaging Market
• Innovative Breakthrough For Revolutionizing Multiplex Biomarker Imaging
• North America was the largest region in the multiplex biomarker imaging market in 2023

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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