Press release
Key Trends Shaping the Future Multiplex Biomarker Imaging Market From 2025-2034: Innovative Breakthrough For Revolutionizing Multiplex Biomarker Imaging
Multiplex Biomarker Imaging Market Size
In recent times, the market size for multiplex biomarker imaging has experienced significant growth. Forecasts predict that it will expand from $0.49 billion in 2024 to $0.54 billion in 2025, representing a compound annual growth rate (CAGR) of 11.0%. Factors contributing to this historic growth include the rising cancer rates, the demand for accurate diagnostic instruments, the increase in chronic disease cases, the aging population trend, and a shift towards individualized medicine.
Rapid expansion is anticipated in the multiplex biomarker imaging market size, with a projected growth to $0.82 billion in 2029, marking a compound annual growth rate (CAGR) of 10.8%. This growth during the predicted period can be credited to surging focus on precision medicine, boosted research and development endeavors, surge in clinical trials, the requirement of advanced screening techniques for drug discovery, and the backing of regulatory frameworks and guidelines. Key trends during the forecasted period comprise technological progression, breakthroughs in imaging technologies, digital pathology advancements, improvements in data interpretation and imaging software, and the amalgamation of AI and machine learning with imaging technologies.
What Are the Forces Behind the Rapid Growth of the Multiplex Biomarker Imaging Market?
The increasing occurrence of chronic diseases is anticipated to drive the expansion of the multiplex biomarker imaging market. Chronic illnesses are enduring health concerns that remain or reoccur over an extended period, typically characterized by complicated origins, multiple risk factors, and lengthy incubation periods. The escalating presence of these diseases is linked to numerous elements, such as accelerated population aging, enhanced disease identification and detection, improved disease treatment and control, along with alterations in lifestyle and environmental risk factors. Multiplex biomarker imaging plays a pivotal role in managing chronic diseases, undertaking an exhaustive analysis and categorization of disease growth and response to treatment. For instance, a report by the National Institutes of Health (NIH), a US-based medical research body, stated in January 2023 that the count of individuals aged 50 and above living with at least one chronic illness is forecasted to soar by 99.5%, escalating from 71.52 million in 2020 to 142.66 million in 2050. Consequently, the increasing occurrence of chronic diseases is fueling the expansion of the multiplex biomarker imaging market.
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Who Are the Dominant Companies Influencing Multiplex Biomarker Imaging Market Trends?
Major companies operating in the multiplex biomarker imaging market are 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
How Is the Multiplex Biomarker Imaging Market Evolving?
Leading enterprises functioning in the multiplex biomarker imaging industry are concentrating on producing innovative slide, such as automated slide loaders, in order to enhance imaging solutions and improve customer experience. Automated slide loaders simplify sample management, lessen manual intervention, and increase output, which is vital for extensive multiplex biomarker imaging tests. For example, in April 2024, Standard BioTools Inc., a firm based in the US that offers analytical systems and instruments, introduced their Hyperion XTi Imaging System equipped with a new high-throughput multiplexed whole slide for improved automation and flexibility. It includes three modes for swift analysis such as preview, tissue, and cell modes. It allows scientists to swiftly visualize tissue diversity and carry out a detailed analysis. This revolutionary whole slide imaging technique utilising imaging mass cytometry (IMC) delivers up to 10 times the throughput compared to cyclic immunofluorescent imaging. Moreover, the new automated slide loader aids high-throughput imaging, reducing manual handling time and enabling standardisation. The primary focus of these advancements is to fast-track breakthroughs in spatial proteomics, ensuring reliable insight into health and sickness.
What Are the Different Segmentations in the Multiplex Biomarker Imaging Market?
The multiplex biomarker imaging market covered in this report is segmented -
1) By Component Type: Instruments, Software, Services
2) By Imaging Techniques: Immuno Fluorescence (IF) Assay, Tissue Microarray (TMA) Assay, Immunohistochemistry (IHC) Assay, Fluorescent In The Situ Hybridization (FISH) Assay, Toponome Imaging System (TIS)
3) By Application: Drug Safety, Oncology Studies, Genetic Characterization Studies
4) By End User: Research Institutes Government And Private, Clinical Labs, Pharmaceutical And Biotechnology
Subsegments:
1) By Instruments: Imaging Systems (Microscopes, Scanners), Detection Devices (Sensors, Probes), Reagents And Kits
2) By Software: Image Analysis Software, Data Management Software, Visualization And Interpretation Software
3) By Services: Technical Support And Maintenance, Consultation And Training, Imaging And Analysis Services
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Which Region Is at the Forefront of the Multiplex Biomarker Imaging Market?
North America was the largest region in the multiplex biomarker imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multiplex biomarker imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Multiplex Biomarker Imaging Global Market Report?
- Market Size Analysis: Analyze the Multiplex Biomarker Imaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Multiplex Biomarker Imaging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Multiplex Biomarker Imaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Multiplex Biomarker Imaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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