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Global Multiplex Assays Market Growth by Top Company, Region, Application, Trends & Forecasts by 2024
Multiplex Assays Market | Global Leading Players Analysis by 2024
The global multiplex assays market accounted to USD 2.65 billion in 2016 growing at a CAGR of 7.67% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Multiplex assay is an assay which deals with multiple analytes in a single cycle of the assay simultaneously. Multiplex immunoassay development is attributed to the expanding requirement for improved disease diagnostic procedures together with the diminished costs and minimized errors. The term multiplex refers to the highest number of analyte measurement per assay. The multiplex assay is based on nucleic acid-based assays and protein-based assays.
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Major Market Drivers & Restraints:
• Rise in number of R&D for treatment of diseases
• Increase in acceptance of multiplex assays
• Technological advancements
• Rapid development of nanoscience
• Rise of geriatric population persuaded to immune system sickness and commonness of chronic infections
• Growing medical technologies and cost-effectiveness
• High price of multiplex assay equipment
Market Segmentation:
The global multiplex assays market is segmented by product and services into multiplex assay consumables, multiplex assay instruments, multiplex assay accessories and multiplex assay software & services.
On the basis of type the market is segmented into nucleic acid-based multiplex assays and protein-based multiplex assays. Nucleic acid-based multiplex assays are sub segmented into planar nucleic acid assays and bead-based nucleic acid assays. Protein-based multiplex assays are sub segmented into planar protein assays and bead-based protein assays.
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On the basis of technology is sub segmented into multiplex PCR, multiplex arrays and others. Multiplex array is sub segmented into multiplex planar arrays and multiplex bead-based array.
On the basis of application the market is segmented into research and development (R&D), diseases & disorders, companion diagnostics and others. R&D is sub segmented into drug development and biomarker discovery & validation. Diseases & disorders are sub segmented into infectious diseases, cancer, cardiac diseases, autoimmune diseases, Alzheimer’s disease and allergies.
By end user the market is segmented into pharmaceutical & biotechnology companies, academic & research institutes, clinical laboratories, hospitals and other.
On the basis of geography, multiplex assays market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis:
The multiplex assays market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of multiplex assays market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the major players operating in multiplex assays market are Abcam plc., Thermo Fisher Scientific Inc., Illumina, Inc., Bio-Rad Laboratories Inc., Qiagen, Luminex Corporation, BD, Merck KGaA, Meso Scale Diagnostics, LLC., Seegene Inc., Quansys Bioscience, Sysmex, Siemens AG, F. Hoffmann-La Roche Ltd., Johnson & Johnson Services, Inc., Agilent Technologies, Bioline, Danaher,Quest Diagnostics Incorporated, Synbio Technologies LLC,BioTek Instruments, Inc., BioTechniques, PerkinElmer Inc., Eurofins Scientific, General Electric Company,Agena Bioscience, Inc. and Randox Laboratories Ltd. among others.
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