Multiplex Detection Immunoassay Market Prophesied to Grow at a Faster Pace by 20

Posted by Trends Market Research on July 18th, 2019

According to Trends Market Research (TMR) recently published report titled “Global Market Study on Multiplex Detection Immunoassay: North America to Dominate the Global Market Through 2024,” global multiplex detection immunoassay market will possibly expand at an impressive CAGR of XX% over the next eight years and Revenues to Reach US$ XX Bn by 2028. During the forecast period 2018–2025, protein-based technique is expected to be the largest technique segment, whereas drug development will remain a dominant application segment. Regionally, North America is set to retain the leading position by 2028 end.

Superiority of multiplex detection immunoassays over ELISA in terms of maintaining the linearity over multiple orders, will remain the key factor sustaining the demand in near future. Different, innovative product development is currently on the leading manufacturers’ agenda, which is identified to be a major factor driving the market for multiplex detection immunoassay market over the assessment period.

Enquiry More About This Report:

Growing inclination toward developing safer products with a broader application range is another key factor expected to fuel the market globally. Increasing pervasiveness of multiple illnesses, coupled with growing geriatric population, will continue to push the demand for multiplex detection immunoassay. In addition, growing usage of immunoassays and popularity of diagnostics will also support the market growth. Growing drug efficacy and disease predisposition studies are likely to create attractive growth opportunities in the multiplex detection immunoassay market.

However, stringent government and federal approval processes may remain the long-term limiting factors. Furthermore, frequently evolving medical procedures and complications in manufacturing processes are also expected to restrict market penetration. Inadequate reimbursements for multiplex detection immunoassays and ever-fluctuating immunoassay outcomes may also inhibit the growth of the market within the next few years.

The competitive landscape of the global multiplex detection immunoassay market is operated by a number of players. Some of the key companies operating the marketplace are QIAGEN N.V, F. Hoffmann-La Roche AG, EMD Millipore, Bio-Rad, Microsynh AG., Thermo Fisher Scientific Inc., BD biosciences, Luminex Corporation, Unisensor, Quansys Bioscience, and Danaher Corporation. A majority of these key players is concentrating on augmenting their market shares. Entry to new regional markets and introduction of new, innovative, cost-effective immunoassays to the market will be the key strategies of leading market players.

Request  Report For Toc:

Based on technique, the global multiplex detection immunoassay market witnesses the largest revenue generation in the protein-based technique segment, accounting for over XX% market value share estimated in 2018. This segment is likely to register a robust CAGR of XX% over 2018-2028.

By application, drug development segment is anticipated to remain dominant over disease testing (infectious disease, autoimmune disease, and others), food contamination testing, and veterinary disease testing. On the basis of end-user, pharmaceutical companies account for the maximum revenues.

According to regional analysis, North America is expected to remain the largest market and will continue to dominate over other regional markets throughout the forecast period. North America will also remain the fastest growing market at a CAGR of XX% by 2028 end. This growth is attributed to strong distribution network, prominent presence of a majority of key players, and superior healthcare infrastructure in this region. APAC is likely to witness significant growth during the assessment period.

Full View of Report Description:

View More:Healthcare, Pharmaceuticals & Medical Devices


About Us:

Trends Market Research is one of the leading digital services provider and a result-oriented company based in U.K.. We are a team of enthusiastic-driven individuals with top notch skills in SEO , Market research. Trends Market Research is a one stop shop to all your business needs. We help you thrive and succeed. We provide research solution.

Our digital and enterprise research assurance solutions are ideal for Automotive & Transportation, Electronics & Semiconductor, Chemicals & Materials, Healthcare, Pharmaceuticals & Medical Devices, Food & Beverage and Industrial Automation as well as all type of other leading industries verticals . We offer a vast line of in-depth study of industry trends including customized & client oriented specific requirement.

Contact Us

One Vincent Square
Westminster, London SW1P 2PN
United Kingdom

Like it? Share it!

Trends Market Research

About the Author

Trends Market Research
Joined: April 9th, 2019
Articles Posted: 185

More by this author