Multiplex Detection Immunoassay Market to Cross US$ 2 Bn Valuation at a CAGR of 6% by the year 2019-2029

Multiplex Detection Immunoassay Market 2022

The global Multiplex Detection Immunoassay Market is estimated to reach US$ 2 Bn at a CAGR of 6% by the year 2019-2029. With remote monitoring comes remote surgery. With digital twinning, this surgery becomes feasible. This could help in saving on prices of development of complex medical products, thereby improvising on the time-to-market metric. This would be the thing with the healthcare vertical in the upcoming period.

The global multiplex detection immunoassay market is set to be valued at over US$ 2 Bn by 2019 end, with the market expected to exhibit a healthy CAGR during the forecast period (2019 – 2029).

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Rapid, low sample consumption, and cost-effective are features offered by lab-on-chip technology, which is propelling the multiplex detection immunoassay market to new heights. Several multiplex detection immunoassay products with lab-on-chip technology are currently available in the market for quantitative test of thyroid disorders. For instance, 3D microfluidic chips are used in multiplex bioassays for environmental, clinical and biomedical applications.

Company Profiles:

• Bio-Rad Laboratories Inc.
• Thermo Fisher Scientific
• EMD Millipore (Merck KGaA.
• Becton, Dickinson and Company.
• Microsynth AG
• Quansys Biosciences Inc
• QIAGEN N.V.
• F. Hoffmann-La Roche Ltd.
• Danaher Corporation.
• Luminex Corporation

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Key Takeaways – Multiplex Detection Immunoassay Market Study

• Minimum quantification and reduced overall reaction time are expected to boost the demand for planar-based multiplex detection immunoassay 2X during the forecast period
• Among the technique type, protein-based is anticipated to hold large chunk of the multiplex detection immunoassay market
• Owing to increasing focus on disease predisposition and drug efficacy studies, research and development is expected to gain significant market share in the multiplex detection immunoassay market
• North America is expected to be significant revenue generator in the multiplex detection immunoassay market owing to emergence of several regional market players and well-developed healthcare infrastructure
• In terms of end user, pharmaceutical companies are expected to dominate the multiplex detection immunoassay market in terms of revenue

Increasing adoption of multiplex detection immunoassay over conventional ELISA as well as technological advancement such as second generation multiplex immunoassay have boosted growth of the multiplex detection immunoassay market.

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Increasing Focus on Nanoarrays to Spur Multiplex Detection Immunoassay Market Growth

One of the key factors observed to impact the multiplex detection immunoassay market growth is the development of new and innovative arrays such as Nano arrays. During the last few years, planar-based multiplex detection immunoassay has emerged as a preferred method for clinical diagnosis as well as food contamination detection. The significant development in nanosciences has taken nano multiplex detection immunoassay arrays to next level, representing ultra-miniaturized version of conventional microarray.