Article -> Article Details
|Title||Multiplex Assays Market Growth, Analysis, Opportunities and Forecast To 2028|
|Category||Business --> Biotechnology|
|Meta Keywords||Multiplex Assays Market|
Increasing research and development activities, growing implementation of precision medicine, and surging preference for multiplex assays over conventional assays are some of the key factors driving global market revenue growth
Multiplex Assays Market size: USD 2.72 billion in 2020, Market Growth: CAGR of 7.9%, Market Trends: Technological developments in multiplex assays and advancements in nanotechnology
The global multiplex assays market size is expected to reach USD 4.91 billion by 2028 and register a CAGR of 7.9% over the forecast period, according to the latest report by Reports and Data. Increasing prevalence of cancer, Alzheimer's, and other chronic diseases, rising adoption of personalized medicines, and increasing implementation of multiplex assays are some key factors boosting global market revenue growth.
Multiple assays are a type of immunoassays that help in quantifying multiple analytes in a single reaction cycle. These are derived from ELISA and are more preferred over singleplex ELISA as they are highly efficient, have greater throughput, and are time-efficient due to ability or enable analysis of multiple samples in a single run.
Global market growth is gaining traction due to technological developments in these assays, growing prevalence of chronic diseases, and increasing government funding for research. Moreover, factors, such as investments by key players to develop new and improved products and increasing adoption of personalized medicine are factors augmenting market revenue growth.
Abbott Laboratories, Hoffmann-La Roche, Siemens Healthineers, Thermo Fisher Scientific, Danaher Corporation, Bio-Rad Laboratories, Biomérieux, Bühlmann Laboratories, Sekisui Medical, and Randox Laboratories are some of the leading companies operating in the global multiplex assays market.
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Some key highlights in the report:
For this study, Reports and Data has segmented the global multiplex assays market based on product & services, type, class of drugs, technology, application, end use, and region:
Based On Product & Services: (Revenue, USD Billion, 2018 - 2028)
Based On Type: (Revenue, USD Billion, 2018 - 2028)
Based On Class of Drug: (Revenue, USD Billion, 2018 – 2028
Based On Technology: (Revenue, USD Billion, 2018 - 2028)
Based On Application: (Revenue, USD Billion, 2018 - 2028)
Research & Development
Based On End Use: (Revenue, USD Billion, 2018 - 2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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