Multiplex Assay Market: An In-Depth Look at the Current State and Future Outlook
The Global Multiplex Assays Market research evaluates historical and current data in addition to providing a detailed examination of market dynamics. The important market growth driving and restraining variables that are projected to have an impact on market growth over the course of the forecast period are also discussed in the study. For the forecast period of 2022–2030, the Global Multiplex Assays Market analyses the market environment to provide growth forecasts for the Multiplex Assays Market industry. The study focuses on potential growth opportunities and constraints that the leading industry participants might experience over the course of the full forecast period.
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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.
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Competitive
Outlook:
The global Multiplex Assay 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 Assay 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 major
companies in the market report 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.
Key Benefits of
the Report:
Comprehensive analysis of the
competitive scenario and its changing dynamics
Analytical data with detailed SWOT
analysis and Porter's Five Forces analysis
In-depth 8-year analysis of the Global
Multiplex Assay Market
Critical understanding of the key
market segments
Comprehensive analysis of the drivers,
restraints, trends, and opportunities
Detailed regional analysis and
extensive company profiling
Extensive assessment of current and
emerging trends of the market
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Segments Covered
in this report are:
- End-Use Outlook (Revenue, USD Billion;
2019-2030)
- Hospitals and clinics
- Research laboratories
- Pharmaceutical companies
- Regional Outlook (Revenue, USD Billion;
2019–2030)
- North America
1. U.S.
2. Canada
3. Mexico
- Europe
1. Germany
2. France
3. UK
4. Benelux
5. Rest of Europe
- Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
- Latin America
1. Brazil
2. Rest of LATAM
- Middle East & Africa
1. Saudi Arabia
2. UAE
3. Rest of Middle East & Africa
Key Questions
Answered in the Report:
What will be the estimated growth rate
of the Multiplex Assay market by 2027?
Who are the prominent distributors,
vendors, and manufacturers of the market?
What are the driving and restraining
factors of the growth of the Multiplex Assay market throughout the forecast
period?
What are the current and future market
trends of the Multiplex Assay market?
What are the sales and price analysis
of the product by types, applications, and regions?
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