- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025
Multiplex assays analyze multiple analytes, simultaneously. These are used in functional genomics to detect the different types of biomolecules such as DNA, and proteins of the same class at the same time. Hence, using multiplex assays save time and manual efforts as compared to conventional assays. Global multiplex assays market is expected to grow at a CAGR of 7.8% from 2017 to 2025.
Global multiplex assays market is segmented on the basis of type, products & services, technology, application, and geography. Based on type the multiplex assays market is bifurcated as nucleic acid-based and protein-based multiplex assays. The market is bifurcated as multiplex assays consumables, multiplex assays software and services, and multiplex assay instruments and accessories. Based on technology, it is classified into companion diagnostics, R&D, diseases, and other applications. By Geography, it is categorized into North America, Europe, Asia-Pacific, and LAMEA.
Increase in R&D in the pharmaceutical and biotechnology companies for the treatment of diseases such as cancer and Alzheimers.
Multiplex assays increase the efficiency of experiments and therapies.
Decrease in operational cost and manual labor.
High capital investment.
The top players in the global multiplex assays market include Luminex Corporation, Illumina, Inc., Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Meso Scale Diagnostics, LLC, QIAGEN N.V., Becton, Dickinson and Company, Abcam PLC, Seegene Inc., and Randox Laboratories Ltd. Market players for global multiplex assays market adopt different strategies such as product development, product approval, acquisition, and collaboration to keep pace with the evolving market trends.
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