Multiplex Assays Market Report, Poised for Rapid Growth And Forecast To 2030
Multiplex
Assays Market Overview By Products and Services, Types, Application,
End-User Forecast Till 2030.
The uptick in demand for nanotechnology practices that can
solve several genetic-related diseases has increased of late. The multiplex
assays market is expected to reach USD 3.11 Billion an approximate CAGR of
6.80% during the forecast period (2022-2030). The market for multiplex arrays
is advancing due to the increased funding and research being diverted to the
market. Increased awareness of the benefits of multiplex assays is fuelling the
growth of the market over the forecast period. The multifactorial nature of
several diseases and pathological conditions such as Alzheimer and cancer are
motivating the development of the market significantly.
Competitive Analysis
The notable contenders shaping the market development over
the forecast period are Illumina Inc, Bio Rad Laboratories Inc, Thermo Fisher
Scientific Inc, Qiagen, Abcam plc, BD, Agilent Technologies, Meso Scale
Diagnostics LLC, Merck Sharp & Dohme Corp, Quanterix, Bio-Techne, Randox
Detailed Regional Analysis
The North America region is accountable for the prime stake
of the market due to robust R&D activities in this region. The US is a
chief country in terms of biopharmaceutical research and development. The
important factors that drive the development of the market in this region are
the rise in-patient population, and the growing detection of Alzheimer disease,
and a substantial rise in research and development activities of the pharmaceutical
companies for the treatment of diseases such as cancer and Alzheimer. The Asia
Pacific is anticipated to record the highest CAGR during the forecast period.
Due to the increasing geriatric population, mounting prevalence of cataract,
and growing prevalence of Alzheimer disease in this region. The European region
is estimated to note a high CAGR during the forecast period owing to the
increasing geriatric population.
Segmental Analysis
The multiplex
assay market report is segmented on the basis of types, application,
products and services, technology, and end-user. By products and services, the
market is segmented into instrument, consumable, and software and services.
Based on types, the market is segmented into nucleic
acid, protein, and cell-based multiplex assay. On the basis of technology,
the market is segmented into fluorescence detection, flow cytometry,
luminescence, multiplex real-time PCR, and other technologies. On the basis of
application, the market is segmented into clinical diagnostic, research and
development, and other diseases. By end user, the market is segmented into
hospital and research institutes, pharmaceutical and biotechnology companies,
clinical laboratories, and other end-users.
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