The Global Multiplex Assays Market Report is a comprehensive report on the Multiplex Assays Market, offering key insights on business strategies, current trends, and presenting qualitative and quantitative analysis of the0Multiplex Assays Market. This report offers in-depth research insights on key and significant aspects of the Multiplex Assays Market, providing an in-depth analysis of key drivers, restraints, restraints, growth prospects, threats, and risks. The report also includes an in-depth analysis of the competitive landscape and regional scope of the Multiplex Assays Market. Additionally, the report will be updated in line with changes in market dynamics and economic scenarios due to the COVID-19 pandemic.
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The global multiplex assays market size reached USD 3.32 Billion in 2021 and is expected to register a steady revenue CAGR of 8.3% during the forecast period. Rising prevalence of chronic and infectious diseases and demand for Point-Of-Care (POC) devices, technological advancement in diagnostic testing, and rapid adoption of multiplex assays to reduce operation costs are key factors driving market revenue growth.
In addition, federal government agencies are also giving approvals for these products, which is driving revenue growth of the market. For instance, on 25 August 2021, Becton, Dickinson and Company (BD), a global leader in medical technology, announced that the U.S. Food and Drug Administration (FDA) has granted an Emergency Use Authorization (EUA) for BD Veritor At-Home. The first at-home COVID-19 rapid antigen test will use smartphone computer vision technology to interpret and display testing results digitally.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Multiplex Assays market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Multiplex Assays industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Emergen Research has segmented global multiplex assays market on the basis of product, type, application, end-use, and region:
-
Product Outlook (Revenue, USD Billion; 2019-2030)
- Consumables
- Software
- Instruments and accessories
-
Type Outlook (Revenue, USD Billion; 2019-2030)
- Protein based multiplex assay
- Nucleic acid based assay
- Other assays
-
Application Outlook (Revenue, USD Billion; 2019-2030)
- Research & Development (R&D)
- Clinical diagnostics
- Others
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End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals and clinics
- Research laboratories
- Pharmaceutical companies
Competitive Outlook:
The global Multiplex Assays market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Multiplex Assays market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
Bio-Rad Laboratories, Inc., Luminex Corporation., Abcam plc., Merck KGaA, BD, Bio-Techne., Thermo Fisher Scientific, Inc., PerkinElmer Inc., Promega Connections., and Advanced Cell Diagnostics, Inc.
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Multiplex Assays Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key Features of the Multiplex Assays Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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