Multiplexed diagnostic market

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 (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Request Free Sample

Apr 2020
CMI983
140 Pages
Excel & Pdf
Medical Devices

Summary

Multiplexed Diagnostic Market – Market Insights

Multiplexed diagnostics are used for analysis 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 cancer, 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 high accuracy and precision, which can analyze defects and mutations in any functional biomolecules such as DNA, RNA, and protein.

The global multiplexed diagnostic market is expected to be valued at US$ 10,126.6 million in 2019 and is expected to exhibit a CAGR of 7.9% over the forecast period (2019-2027).

Figure 1. Global Multiplexed Diagnostic Market Value (US$ Mn), by Region, 2019

Source: Coherent Market Insights Analysis (2020)

Increasing incidence of disease outbreaks is expected to propel the market growth over the forecast period.

The increasing incidence of disease outbreaks such as coronavirus and Ebola virus is escalating demand for advance diagnostic measures, which is further expected to boost growth of the multiplexed diagnostic market. For instance, the coronavirus disease is the most recent outbreak, which was first reported on December 31, 2019 in Wuhan, China. According to the World Health Organization (WHO), globally 87,137 cases of the coronavirus disease were reported on 1^st March 2020.

Moreover, on August 1, 2018, the Democratic Republic of the Congo Ministry of Health (DRC MoH) declared Ebola outbreak in the North Kivu province of Congo. Moreover, according to the World Health Organization (WHO), total 3,444 confirmed cases of the Ebola infection were reported on February 25, 2020, in the North Kivu province. Such incidence are expected to drive demand for high performance diagnostics, in order to prevent the false positive results of the tests and identify the pathogen accurately.

Figure 2. Global Multiplexed Diagnostic Market Share (%), by Application, 2027

Source: Coherent Market Insights Analysis (2020)

Increasing launches and approvals of new and advanced multiplexed diagnostic tools, is expected to fuel growth of the multiplexed diagnostic market.

Manufacturers are focusing on launches and approvals of innovative multiplexed diagnostics, in order to prevent false positive test results. For instance, in February 2020, Co-Diagnostics, Inc., received the CE mark for Logix Smart Coronavirus COVID-19 Test from the European Community. The Logix Smart Coronavirus COVID-19 Test kit is an in vitro diagnostic test, which operates using the real-time reverse transcriptase polymerase chain reaction (RT-PCR) process along with enhanced multiplexing for identifying the coronavirus.

Moreover, in May 2019, QIAGEN N.V. launched QIAstat-Dx syndromic testing system in the U.S. This is a multiplex molecular diagnostic system developed for the qualitative detection and identification of multiple respiratory bacterial and viral pathogens. QIAstat-Dx was launched along a comprehensive respiratory panel, which can detect over 20 pathogens.

However, limited availability of experienced and trained healthcare professionals for handling advanced multiplexed diagnostic equipment such as microarray analyzers and enzyme-linked immunosorbent assays are expected to hinder the market growth over the forecast period.

Key Players

Major players operating in the global multiplexed diagnostic market include Luminex Corporation, Thermo Fisher, Illumine Inc., Bio-Rad Laboratories, Inc., Qiagen N.V., Abbott Laboratories, Siemens Healthineers, Agilent technologies, BioMerieux SA, and F.Hoffmann-La Roche Ltd.

Table of Content

Table of Contents

*Browse 54 market data tables and 35 figures on "Multiplexed Diagnostic Market” - Global forecast to 2027.

N/A

- Frequently Asked Questions -

What is the scope of the report?

This report provides in-depth analysis of the global multiplexed diagnostics market and provides market size (US$ Mn) and compound annual growth rate (CAGR) (%) for the forecast period (2019 – 2027). The report also provides also provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by the leading players.

What are the key segments in the market?

Key segments covered in the report include: product type, application type, end user, and region

What are the major market dynamics for the Global Multiplexed Diagnostics Market?

The report provides also provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by the leading players.

What are the major market drivers for Multiplexed Diagnostics Market?

Increasing incidence of disease outbreaks, increasing incidence of chronic diseases, and increasing product launches and approvals.

Which are the major players operating in the market?

The report profiles leading players in the global multiplexed diagnostics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.

Multiplexed diagnostic market

Multiplexed Diagnostic Market – Market Insights

- Frequently Asked Questions -

What is the scope of the report?

What are the key segments in the market?

What are the major market dynamics for the Global Multiplexed Diagnostics Market?

What are the major market drivers for Multiplexed Diagnostics Market?

Which are the major players operating in the market?

Which are the major players operating in the market?

Reliability and reputation

Secure Payments By: