Global Multiplex Assays Market: Industry Analysis and Forecast

January 15, 2020

Global Multiplex Assays Market was valued US$ XX Bn in 2018 and is expected to reach XX Bn by 2026, at a CAGR of 7.10 % during a forecast period.

Growing prevalence of infectious diseases and cancer benefits offered by multiplex assays over singleplex assays, government and private funding for carrying out research and strategic acquisitions among market players are some of the driving factors behind growth of global multiplex assays market. On the other hand the high cost of instruments used to perform multiplex assays, lack of availability of diagnostic kits and lack of skilled labor are some of the factors limiting the market growth.

The instruments segment is expected to become a significant share in the global multiplex assays market. The instruments with multiplex assays are used for testing their durability and effectiveness. These instruments can implement more than 80 different tests at a time. Additionally, Some of the instruments are incorporated with CCD imaging technology, which makes operation procedure simple. The durability and advanced functions of the instruments are expected to raise their preference in clinical laboratories, which is expected to share significant growth by the segment.

The flow cytometry segment is expected to hold a dominant position in the global multiplex assays market. The technology works on the basis of the bead population, which is useful for computing specific antibody levels in biological fluids. Many of the researchers used the flow cytometry technique to study drug effectiveness towards numerous cell types. Additionally, it also empowers to analyze protein-protein interactions, DNA/mRNA content and metabolic activities. Growing study on drug reactions is expected to increase the demand of flow cytometry technology-based multiple assays and thus.
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