Global Multiplex Assays Market Overview And Prospects
Learn about the global multiplex assay market through The Business Research Company, which provides information on multiplex assay market size, multiplex assay market drivers and restraints, multiplex assay market players, the COVID-19 impact on the multiplex assay market, and more.
The global multiplex assays market size is expected to grow from $3.02 billion in 2021 to $3.25 billion in 2022 at a compound annual growth rate (CAGR) of 7.66%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global multiplex assay market size is expected to reach $4.37 billion in 2026 at a CAGR of 7.67%.
Increased incidence of chronic diseases is driving the growth of the global multiplex assay market.
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The multiplex assay market consists of sales of immunoassays by entities (organizations, sole traders, or partnerships) in which multiple analytes (proteins, biomolecules, growth factors, cytokines, chemokines, and others) are pencilled by detecting and quantifying them contemporaneously. These assays are used to amplify multiple targets in a polymerase chain response (PCR) trial and collect further information from nanosecond amounts of proteins or other analytes in lower time as compared to the conventional system, similar as ELISA. Multiplex assays are used for pathogen identification, mutation analysis, RNA discovery, gene discovery analysis, relation analysis, forensic studies, and others.
Global Multiplex Assay Market Segments Include:
By Type: Nucleic Acid-Based Multiplex Assays, Protein-Based Multiplex Assays, Others
By Technology: Flow Cytometry, Luminescence, Fluorescence Detection, Multiplex Real-Time PCR, Others
By Application: Research and Development, Drug Discovery and Development, Biomarker Discovery and Validation, Clinical Diagnostic
By End-User: Pharmaceutical and Biotechnology Companies, Hospitals and Research Institutes, Reference Laboratories, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the multiplex assays market in 2021.
Strategic partnerships and collaborations between companies in the industry is a trend gaining popularity in the multiplex assays market. Companies in the market are collaborating on developing assays that can detect diseases quickly and effectively.
TBRC’s multiplex assay market report covers:
Major Market Players: Thermo Fisher Scientific, Inc., Luminex Corporation, Illumina, Inc, Bio-Rad Laboratories, Inc, QIAGEN N.V, Becton, Dickinson and Company, Bühlmann Laboratories, Seegene Inc, Meso Scale Diagnostics LLC., Randox Laboratories Ltd., Merck KGaA, Agilent Technologies, Inc., Quanterix, Bio-Techne Corporation, Promega Corporation, Hoffmann-La Roche, Siemens Healthineers, PerkinElmer, Inc., Danaher Corporation and Abbott Laboratories
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Multiplex Assays Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides multiplex assay market overviews, analyzes and forecasts market size, share, multiplex assay market players, multiplex assay market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s multiplex assay market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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