Custom Assays Market Scope
The custom assay is provided by assay kits manufacturers to customers. Custom arrays help in providing easy solutions to industrial and academic laboratories for the determination of different biological analyses such as proteins, antibodies, enzymes and many more. This market is growing significantly in emerging countries such as Japan, India, and others due to increasing numbers of research institutes.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Promega Corporation (United States), Bioassay Systems (United States), QIAGEN N.V (Germany), Sigma-Aldrich Inc. (United States), Thermo Fisher Scientific Inc. (United States), R & D Syatems Inc. (United States), BioAuxilium Research Inc. (Canada), Fluidigm (United States), Luminex Corporation (United States) and F. Hoffmann-La Roche AG (Switzerland) |
CAGR | % |
In This Market Major Players Are Adopting Initiatives to Achieve Organic and Inorganic Growth Strategies. Which Includes Enhancing Global Reach And Expanding Product Portfolio By Doing Merger & Acquisitions And Collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Custom Assays market throughout the predicted period.
Promega Corporation (United States), Bioassay Systems (United States), QIAGEN N.V (Germany), Sigma-Aldrich Inc. (United States), Thermo Fisher Scientific Inc. (United States), R & D Syatems Inc. (United States), BioAuxilium Research Inc. (Canada), Fluidigm (United States), Luminex Corporation (United States) and F. Hoffmann-La Roche AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Clovis Oncology Inc. (United States), BD Biosciences (United States) and Quansys Bioscience (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Custom Assays market by Type , by Application (Academic and Research Institutes, Life Science Industries, Biotechnology Companies, Diagnostic Centers, Contract Research Organizations and Food and Beverage Companies) and Region with country level break-up.
On the basis of geography, the market of Custom Assays has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In October 2023, PerkinElmer has partnered with Alnylam, a leading developer of RNA interference (RNAi) therapeutics, to develop custom assays for RNAi therapeutics. The partnership will combine PerkinElmer's expertise in assay development and validation with Alnylam's expertise in RNAi therapeutics to create new custom assays for a variety of RNAi therapeutics.
In October 2023, Thermo Fisher Scientific, a leading provider of scientific instruments and consumables, has launched a new custom assay development platform called SureSight Custom Assays. The platform is designed to help researchers develop and validate custom assays more quickly and efficiently.
Influencing Trend:
The increasing demand for multiplex assays and The growing demand for personalized medicine
Market Growth Drivers:
Rise In Research and Development Activities in Life Science and Biotechnology Industry, Increasing Number of Academic and Research Institutes across the Globe and Growing Demand for Tissue Diagnostic and Cell Based Diagnostics for Cancer, HIV, and Infectious Diseases
Challenges:
Optimization and Standardization
Restraints:
High cost of custom assays and Complexity of custom assay development
Opportunities:
The Emergence of the Biochip Technology Creating Strong Opportunities for the Service Providers in the Market
Key Target Audience
Custom Assays Manufacturers, Research Institutes, Government Bodies, End Users and Others