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Global Multiplexed Diagnostic Market by Product Type Reagents & Consumables and Instruments - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

02-21-2018 07:10 AM CET | Health & Medicine

Press release from: CMI - Research

Global Multiplexed Diagnostic Market by Product Type Reagents &

The multiplexed diagnostic market is gaining significant traction due to the rising prevalence of autoimmune diseases. According to the Centers for Disease Control and Prevention (CDC), the prevalence of arthritis from 2013 to 2015, was estimated in 54 million U.S adults (22.7%) and by 2040, it is expected to be 78 million (26%) U.S adults age 18 years or older. The data represent the high prevalence of autoimmune diseases, indicating the need of advance diagnostic measures, which is expected to boost the growth of the multiplexed diagnostic market. Furthermore, introduction of technological advancement of multiplexed diagnostics is a major factor contributing to the market growth. For instance, IQuity launched RNA-based diagnostic test based on RT-PCR assay approved by U.S. Food and Drug Administration (FDA) in May 2017. RNA-based diagnostic test is used for detection of multiple sclerosis, which provides accuracy by 90%. However, the high cost of diagnostic procedures is a major restraining factor for the multiplexed diagnostic market.

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The multiplexed diagnostic assay is performed to explore multiple analytes in a single run cycle. Multiplex assay is used in the detection of defects, such as mutation in functional biomolecules (DNA, mRNA, and protein) with the help of DNA microarray, multiplex PCR, and next-generation sequencing. In multiplexed diagnostic market, multiplexed diagnostic assay is executed in research & diagnostic laboratories, hospitals, and drug development. Moreover, this multiplexed diagnostic tool is also used in the diagnosis of various diseases, infections, drug screening, and biomarkers. Advantages over conventional diagnostic tools (microscopy, serological test, and sample cultures) in terms of single step procedure, accuracy, speed, and time efficiency are expected to boost the growth of multiplexed diagnostic market over the forecast period.

Additionally, SpeeDx has received CE-IVD marking for its PlexPCR VHS Multiplex qPCR technology in October 2017. This diagnostic test is designed to detect and differentiate the four different genital and oral lesion viruses, which include herpes simplex virus types 1 and 2 (HSV-1 and -2), varicella-zoster virus (VZV), and Treponema pallidum (syphilis). Therefore, PlexPCR VHS Multiplex qPCR test is expected to provide early detection of infection and help in treatment decisions. Thus, advanced technology is expected to boost the growth of multiplexed diagnostic market during the forecast period.

Introduction of advanced technology in multiplexed diagnostic tools, create a positive impact on patient and is expected to fuel the growth of the multiplexed diagnostic market

Mercodia has launched the AKURIO Islet Hormone multiplex assay with the collaboration of Quansys Bioscience in October 2017. This assay is designed to assess four different hormones in pancreatic study, which include glucagon, insulin, C-peptide, and proinsulin. AKURIO Islet Hormone multiplex assay provides high data accuracy with reliable speed. Moreover, Bruker has received CE-IVD marking for its Fungiplex Candida diagnostic assay in October 2017. Fungiplex Candida is based on real-time PCR and gives results in 2-3 hours of blood, plasma or serum sample by cutting the edge of additional cultural steps. Thereby, establishment of rapid detection assay in fungal infection allows the development of effective treatment strategies for improved patient outcomes.

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