DUBLIN--(BUSINESS WIRE)--The "Multiplex Assay Market: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global multiplex assay market size accounted for $73.2 million in 2018, and is expected to reach $123.1 million by 2026, growing at a CAGR of 6.6% from 2019 to 2026. North America was the highest revenue contributor in 2018, and is anticipated to continue this trend throughout the forecast period.
The major factors which drive the growth of market include increase in R&D activities for the detection biomarkers for various diseases & treatment options of diseases, rise in adoption of personalized medicines for increasing safety & efficacy of therapies, and benefits such as lower operational cost & reduced labor. However, dearth of skilled labor and high capital investment are anticipated to restrain the market growth during the forecast period.
The multiplex assay market in this report is studied based on type, product, technology, application, end user, and region. Based on type, the protein-based multiplex assays segment held the largest share in 2018, due to increase in usage of multiplex assays for the differentiation of proteins based on their properties in different fields such as diagnostic clinics, R&D, and others.
By product, the market is segmented into multiplex assay consumables, multiplex assays instruments & accessories, and multiplex assay software & services. Among these, the multiplex assays consumables segment garnered the largest share of in 2018, and is expected to lead the market during the analysis period.
Depending on end user, the pharmaceuticals & biotechnological companies segment accounted for the major share of the multiplex assay market in 2018, and is expected to continue this trend during the analysis period, due to the extensive use of multiplex assays in R&D of novel drug therapies.
Region wise, North America was the highest revenue generator with a share of 44% in 2018. This is attributed to increase in expenditure in R&D, availability of well-established healthcare infrastructure, and higher demand for technically advanced devices for research. However, the Asia-Pacific region is projected to grow with the highest CAGR of 10.2% during the analysis period, owing to surge in healthcare expenditure, increase in per capita income, and improvement in healthcare infrastructure.
The major players profiled in the global multiplex assay market include Luminex Corporation, Thermo Fisher Scientific Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Becton, Dickinson and Company, Abcam PLC, Seegene Inc., Meso Scale Diagnostics, LLC, and Randox Laboratories Ltd. The other players (not included in the report) include Merck, Agilent Technologies, Quanterix, and Olink.
- Based on type, protein-based multiplex assay segment was the leading segment of the global market, and is projected to grow at a CAGR of 5.8% during the forecast period.
- North America accounted for the share of 44% of the market in 2018, and is projected to grow at a CAGR of 5.1%.
- Based on product, the multiplex assays reagents & consumable segment accounted for the largest market share of 72.9% in 2018, and is estimated to grow at the highest CAGR of 6.4%.
- By application, R&D held the highest market share in 2018, and is expected to lead the market during the analysis period.
- U.S. was the major shareholder in the North American multiplex assay market, accounting for a significant share in 2018.
- China is expected to show the highest growth rate during the analysis period in the Asia-Pacific multiplex assay market.
Key Topics Covered
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.3.1. Moderate bargaining power of buyers
3.3.2. Low bargaining power of suppliers
3.3.3. Moderate threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. Moderate competitive rivalry
3.4. Market share analysis, 2018
3.5. Market dynamics
220.127.116.11. Increase in R&D activities & governmental funding
18.104.22.168. Surge in adoption of multiplex assays to reduce operation costs
22.214.171.124. Rise in adoption of personalized medicines
126.96.36.199. Lack of skilled labor/healthcare professionals
188.8.131.52. Various growth opportunities in emerging economies
CHAPTER 4: MULTIPLEX ASSAYS MARKET, BY TYPE
4.2. Nucleic acid-based multiplex assays
4.3. Protein-based multiplex assays
CHAPTER 5: MULTIPLEX ASSAYS MARKET, BY PRODUCT
5.2. Multiplex assays reagents & consumables
5.3. Multiplex assays instruments & accessories
5.4. Multiplex assay software & services
CHAPTER 6: MULTIPLEX ASSAYS MARKET, BY TECHNOLOGY
6.2. Multiplex PCR
6.3. Multiplex protein microarray
6.4. Other technologies
CHAPTER 7: MULTIPLEX ASSAYS MARKET, BY APPLICATION
7.2. Companion diagnostics
7.3. Research & development
7.4. Clinical diagnostics
CHAPTER 8: MULTIPLEX ASSAYS MARKET, BY END USER
8.3. Clinical laboratories
8.4. Research institutes
8.5. Pharmaceuticals & biotechnology companies
CHAPTER 9: MULTIPLEX ASSAYS MARKET, BY REGION
9.2. North America
CHAPTER 10: COMPANY PROFILES
10.1. Abcam PLC
10.2. Becton, Dickinson and Company
10.3. Meso Scale Diagnostics, LLC
10.4. Randox Laboratories Ltd.
10.5. Seegene Inc.
10.6. Bio-Rad Laboratories, Inc.
10.7. Illumina, Inc.
10.8. Qiagen N.V.
10.9. Thermo Fisher Scientific, Inc.
10.10. Luminex Corporation
For more information about this report visit https://www.researchandmarkets.com/r/klw9kx