The global multiplex assay market size was USD 3.32 Billion in 2021 and is expected to register a rapid revenue CAGR of 8.3% during the forecast period. Multiplex assays are used to simultaneously measure multiple analytes in a single sample, which can be particularly useful in clinical diagnostics and drug discovery. The multiplex assay market is expected to grow significantly in the coming years, driven by several factors.
One of the primary drivers of growth in the multiplex assay market is the increasing prevalence of chronic and infectious diseases. According to the World Health Organization, chronic diseases such as cardiovascular disease, diabetes, and cancer account for 71% of all deaths globally. Additionally, the COVID-19 pandemic has highlighted the need for rapid and accurate diagnostic tests, which can be achieved through the use of multiplex assays. This increasing demand for diagnostic tests is driving the growth of the multiplex assay market.
The research report on the Multiplex Assay market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Multiplex Assay business sphere.
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Competitive Terrain:
The global Multiplex Assay industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Bio-Rad Laboratories, Inc., Luminex Corporation., Abcam plc., Merck KGaA, BD, Bio-Techne., Thermo Fisher Scientific, Inc., PerkinElmer Inc., Promega Connections., and Advanced Cell Diagnostics, Inc.
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