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Multiplex Assays Market by Product, Type, Technology, Application, End User - Global Forecast to 2023

Multiplex Assays Market: Global Forecast until 2023

  • June 2018
  • 144 pages
  • ID: 4042222
In this report:
IN 2018, THE CONSUMABLES SEGMENT IS EXPECTED TO ACCOUNT FOR ##% OF THE MARKET; IT IS ALSO THE FASTEST-GROWING SEGMENT OF THE MULTIPLEX ASSAYS MARKET.
IN 2018, NORTH AMERICA IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF ##.##% OF THE GLOBAL MULTIPLEX ASSAYS MARKET, FOLLOWED BY EUROPE WITH A SHARE OF ##.##%.

Summary

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The overall multiplex assays market is estimated to rise at a compound annual growth rate of 7.50 percent.

The overall multiplex assays market is estimated to grow ~$3.3B in 2023 from ~$2.3B in 2018, at Compound annual growth rate of 7.50 percent. Multiplex assays allows the simultaneous detection of multiple analytes in a single run/cycle of the assay. The use of multiplex assays in companion diagnostics for growing the safety & efficacy of therapies and the advantages of multiplex assays over conventional singleplex assays are driving the increase of the market. Nevertheless, the high cost of multiplex assay equipment & standardization of immunoassay design and quality control are the main factors anticipated to restrain industry growth.

The pharmaceutical and biotechnology segment is envisaged to account for the biggest share in 2018.

On the basis of end user, the overall multiplex assays market is divided into pharmaceutical and biotechnology firms, hospitals & academic research institutes, reference laboratories, and other end users.In 2018, the pharmaceutical and biotechnology companies segment is planned to account for the biggest share of the overall multiplex assays market.

This big share can be accredited to the increased adoption of multiplex assays in drug discovery & development by pharmaceuticals and the increasing focus of biotechnology firms on developing biosimilars and monoclonal antibodies.

North America (NA) is intended to account for the biggest share of the market in 2018.

By area, North America continent is forecasted to account for the biggest share of the multiplex assays market in 2018, succeeded by EU. The dominant share of North American market is primarily attributed to its established pharmaceutical sector, presence of leading pharmaceutical and biotechnology firms, and high R&D investment.

Break-up profile of primaries:

• By Type of company- tier 1 - 42.0 percent, Tier 2 - 37.0 percent and Tier 3 - 21.0 percent

• By Designation- C-level - 34.0 percent, D-level - 42.0 percent and Others - 24.0 percent

• By Region- North America - 32.0 percent, Europe (EU) - 30.0 percent, Asia Pacific (APAC) - 24.0 percent, and rest of the world - 14.0 percent

The top players in the multiplex assays market are Luminex, Bio-Rad Laboratories, Becton Dickinson (NYSE:BDX), Dickinson, Illumina, and Thermo Fisher Scientific.

Segment Research

The multiplex assays market in this business report is broken down by product & services, category, technology, application, and end user. The study tracks and analyzes competitive developments including product launches, collaborations, strategic agreements, alliances, and acquisitions, and profiles top actors and core competencies in the multiplex assays market.

Why acquiring this study can help you:

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on portfolios provided by the top actors in the overall multiplex assays market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, research & growth activities, and launches of new product in the overall multiplex assays market

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for multiplex assays products across localities

• industry diversification: Complete information about recent products, untapped areas, and recent evolutions in the overall multiplex assays market

• opposing assessment: Detailed assessment of strategies, products, and manufacturing capabilities of the main actors in the overall multiplex assays market

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