Global Multiplexed Diagnostic Market by Product Type (Reagents & Consumables and Instruments), by Application (Disease Diagnostics, Molecular Diagnostics, and Drug Development), by End User (Hospitals, Clinical Laboratories, Academic & Research Institutes, and Others), and by Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

  • Published On : Oct 2017 |
  • Pages : 190 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Multiplexed Diagnostic Market Driven By Innovation and Development of Technology

Multiplexed diagnostics are used in investigation of biological samples, which are capable of completing a screening process with a single run. Multiplexed diagnostic assays are involved in the detection and diagnosis of different diseases and infections, which include cancers, autoimmune diseases, allergies, and cardiovascular diseases. Assays performed in multiplex diagnostics include high density multiplexed assays, medium density multiplexed assays, low density multiplexed assays, and next-generation sequencing assays. Early diagnosis can minimize the risk factors associated with chronic diseases/infection and helps in proper treatment management. Moreover, multiplexed diagnostic assays have advantages, such as time efficiency and highly precise accuracy, which can analyze defects and mutations in any functional biomolecules (DNA, RNA, and protein).

According to the Centers for Disease Control and Prevention (CDC), 2014, around 236,968 women are diagnosed with breast cancer. Increasing demand for early diagnosis of infection/diseases needs rapid multiplexed diagnostic tools, which is expected to boost the growth of the multiplexed diagnostic market.

The global multiplexed diagnostic market is estimated to be valued at US$ 8,698.0 in 2017 and is expected to witness a CAGR of 7.9% during the forecast period (2017 – 2025).

Figure 1. Global Multiplexed Diagnostic Market Value, By Region – 2017 (US$ Mn)

multiplexed diagnostic market

Source: Coherent Market insights 2017

Increasing incidence of chronic diseases to propel the growth of the multiplexed diagnostic market

According to Cancer Research UK, around 20 cases of ovarian cancers are diagnosed every day and it is projected to increase by around 15% from 2014 to 2035. Furthermore, according to American Cancer Society (ACS), in 2017, approximately 53,670 people are expected to be diagnosed with pancreatic cancer in the U.S. Moreover, according to Cancer Research UK, approximately 3,072 new cases were diagnosed with acute myeloid leukemia (AML) in 2014.  As per Cancer Research U.K, Acute Myeloid Leukemia (AML) accounts approximately 8 cases per day. Increasing incidence of multiple cancers is expected to increase the demand for precise multiplexed diagnostic tools, in turn fueling the market growth.

Additionally, SpeeDx has received CE-IVD marking for its PlexPCR VHS Multiplex qPCR technology in October 2017. This diagnostic test is designed to detect and differentiate the four different genital and oral lesion viruses, which include herpes simplex virus types 1 and 2 (HSV-1 and -2), varicella-zoster virus (VZV), and Treponema pallidum (syphilis). Therefore, PlexPCR VHS Multiplex qPCR test is expected to provide early detection of infection and help in treatment decisions. Thus, advanced technology is expected to boost the growth of multiplexed diagnostic market during the forecast period.

Introduction of advanced technology in multiplexed diagnostic tools, create a positive impact on patient and is expected to fuel the growth of the multiplexed diagnostic market

Mercodia has launched the AKURIO Islet Hormone multiplex assay with the collaboration of Quansys Bioscience in October 2017. This assay is designed to assess four different hormones in pancreatic study, which include glucagon, insulin, C-peptide, and proinsulin. AKURIO Islet Hormone multiplex assay provides high data accuracy with reliable speed. Moreover, Bruker has received CE-IVD marking for its Fungiplex Candida diagnostic assay in October 2017. Fungiplex Candida is based on real-time PCR and gives results in 2-3 hours of blood, plasma or serum sample by cutting the edge of additional cultural steps. Thereby, establishment of rapid detection assay in fungal infection allows the development of effective treatment strategies for improved patient outcomes.

The multiplexed diagnostic assay is performed to explore multiple analytes in a single run cycle. Multiplex assay is used in the detection of defects, such as mutation in functional biomolecules (DNA, mRNA, and protein) with the help of DNA microarray, multiplex PCR, and next-generation sequencing. In multiplexed diagnostic market, multiplexed diagnostic assay is executed in research & diagnostic laboratories, hospitals, and drug development. Moreover, this multiplexed diagnostic tool is also used in the diagnosis of various diseases, infections, drug screening, and biomarkers. Advantages over conventional diagnostic tools (microscopy, serological test, and sample cultures) in terms of single step procedure, accuracy, speed, and time efficiency are expected to boost the growth of multiplexed diagnostic market over the forecast period.

Market Dynamics

The multiplexed diagnostic market is gaining significant traction due to the rising prevalence of autoimmune diseases. According to the Centers for Disease Control and Prevention (CDC), the prevalence of arthritis from 2013 to 2015, was estimated in 54 million U.S adults (22.7%) and by 2040, it is expected to be 78 million (26%) U.S adults age 18 years or older. The data represent the high prevalence of autoimmune diseases, indicating the need of advance diagnostic measures, which is expected to boost the growth of the multiplexed diagnostic market. Furthermore, introduction of technological advancement of multiplexed diagnostics is a major factor contributing to the market growth. For instance, IQuity launched RNA-based diagnostic test based on RT-PCR assay approved by U.S. Food and Drug Administration (FDA) in May 2017. RNA-based diagnostic test is used for detection of multiple sclerosis, which provides accuracy by 90%. However, the high cost of diagnostic procedures is a major restraining factor for the multiplexed diagnostic market.

Key features of the study:

  • This report provides in-depth analysis of the multiplexed diagnostic market and its product type, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period: 2017 – 2025, considering 2017 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the multiplexed diagnostic market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans.
  • Key companies covered as a part of this study include Luminex Corporation, Thermo Fisher, Illumine Inc., Bio-Rad Laboratories, Inc., Qiagen N.V., Abbott Laboratories, Siemens Healthineers, Agilent technologies, and BioMerieux SA, F.Hoffmann-La Roche Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics.
  • The multiplexed diagnostic market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for the multiplexed diagnostic market, research and consulting firms, new entrants and financial analysts.
  • Various strategy matrices used in analyzing the multiplexed diagnostic market would provide stakeholders vital inputs to make strategic decisions accordingly.

Detailed Segmentation:

  • Global Multiplexed Diagnostic Market, By Product Type:
    • Reagents & Consumables
    • Instruments
  • Global Multiplexed Diagnostic Market, By Application:
    • Disease Diagnostics
    • Molecular Diagnostics
    • Drug Development
  • Global Multiplexed Diagnostic Market, By End User:
    • Hospitals
    • Clinical Laboratories
    • Academic & Research Institutes
    • Others
  • Global Multiplexed Diagnostic Market, By Geography:
    • North America
      • U.S.
        • U.S. Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • U.S. Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • U.S. Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Canada
        • Canada Multiplexed Diagnostic Market,, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Canada Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Canada Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
    • Latin America
      • Brazil
        • Brazil Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Brazil Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Brazil Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Mexico
        • Mexico Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Mexico Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Mexico Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Rest of Latin America
        • Rest of Latin America Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Rest of Latin America Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Rest of Latin America Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
    • Europe
      • U.K.
        • U.K. Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • U.K. Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • U.K. Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Germany
        • Germany Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Germany Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Germany Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Italy
        • Italy Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Italy Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Italy Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • France
        • France Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • France Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • France Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Spain
        • Spain Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Spain Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Spain Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Russia
        • Russia Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Russia Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Russia Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Rest of Europe
        • Rest of Europe Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Rest of Europe Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Rest of Europe Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
    • Asia Pacific
      • China
        • China Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • China Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • China Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • India
        • India Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • India Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • India Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Japan
        • Japan Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Japan Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Japan Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • ASEAN
        • ASEAN Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • ASEAN Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • ASEAN Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Australia
        • Australia Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Australia Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Australia Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • South Korea
        • South Korea Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • South Korea Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • South Korea Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Rest of Asia Pacific
        • Rest of Asia Pacific Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Rest of Asia Pacific Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Rest of Asia Pacific Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
    • Middle East
      • GCC
        • GCC Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • GCC Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • GCC Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Israel
        • Israel Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Israel Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Israel Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
    • Rest of Middle East
        • Rest of Middle East Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Rest of Middle East Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Rest of Middle East Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Africa
        • Africa Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Africa Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Africa Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • Central Africa
        • Central Africa Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • Central Africa Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • Central Africa Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
      • South Africa
        • South Africa Multiplexed Diagnostic Market, By Product Type:
          • Reagents & Consumables
          • Instruments
        • South Africa Multiplexed Diagnostic Market, By Application:
          • Disease Diagnostics
          • Molecular Diagnostics
          • Drug Development
        • South Africa Multiplexed Diagnostic Market, By End User:
          • Hospitals
          • Clinical Laboratories
          • Academic & Research Institutes
          • Others
  • Company Profiles
    • Luminex Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Thermo Fisher
    • Illumine Inc.
    • Bio-Rad Laboratories, Inc.
    •  Qiagen N.V.,
    • Abbott Laboratories
    • Siemens Healthineers
    • Agilent technologies
    • BioMerieux SA
    •  F.Hoffmann-La Roche Ltd.

“*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product
      • Market Snippet By Application
      • Market Snippet By End User
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New Product Approvals/Launch
    • Promotion and Marketing Initiatives
  4. Global Multiplexed Diagnostic Market, By Product, 2017 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • Reagents & Consumables
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
    • Instruments
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
  5. Global Multiplexed Diagnostic Market, By Application, 2017 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • Disease Diagnostic
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
    • Molecular Diagnostic
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
    • Drug Development
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
  6. Global Multiplexed Diagnostic Market, By End User, 2017 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
    • Clinical Laboratories
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
    • Academic & Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
    • Others (Pharmaceutical & Diagnostic Labs)
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (US$ Million)
  7. Global Multiplexed Diagnostic Market, By Regions, 2017 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2015 – 2025
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Application, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By End User, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 - 2025 (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Application, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By End User, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 - 2025 (US$ Mn)
        • Brazil
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Application, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By End User, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 - 2025 (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Application, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By End User, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 - 2025 (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Application, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By End User, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 - 2025 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Application, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By End User, 2015 - 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 - 2025 (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Luminex Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Thermo Fisher Scientific, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Illumina, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bio-Rad Laboratories, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Qiagen N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Siemens Healthineers
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Agilent technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BioMerieux SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • F. Hoffmann-La Roche Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 49 market data tables and 34 figures on "Multiplexed Diagnostic Market” - Global forecast to 2025”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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