The Multiplex Assay Revolution: Understanding the Market and Its Impact
The goal of the most recent market
intelligence research, named "Global Multiplex Assays Market," is to
give the target audience the knowledge they need to make informed decisions.
The study includes a thorough analysis of the key drivers, obstacles,
opportunities, restrictions, threats, and micro- and macroeconomic factors that
affect the Multiplex Assays Market. The current market environment and the
underlying development possibilities are thoroughly examined in the research.
Market researchers can calculate the global market growth rate over the
anticipated timeframe with the use of the report's organized database on the Multiplex
Assays Market dynamic.
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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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