About Multiplex Assays
Multiplex assays enable fast and efficient profiling of multiple proteins in a single well using the multianalyte profiling technology. Numerous antibody-based assay platforms have been developed as alternatives to ELISA for the simultaneous measurement of multiple proteins in a single sample. The most common and well-established format for such multiplex assays makes use of flow-based technology and ligand e.g., antibody coated beads. Most importantly, are able to achieve a more comprehensive study of protein signaling in precious samples when multiplexing. For recognition of the immunoassay sandwich compound, the multiplex assays tools use either light-emitting diodes (LEDs) for excitation of each fluorescent bead combined with a CCD camera for bead and analyse detection, or a flow-based detection system using a red and green laser.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Multiplex Assays market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Luminex Corporation (United States), Thermo Fisher Scientific (United States), Illumina (United States), Bio-Rad Laboratories (United States), Qiagen (Germany), Abcam (United Kingdom), Becton Dickinson and Company (United States), Merck (United States), Agilent Technologies (United States), Meso Scale Diagnostics (United States), Randox Laboratories (United Kingdom), Quanterix (United States) and Bio-Techne (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Seegene Inc (South Korea), Olink (Sweden) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Multiplex Assays market by Type (Nucleic Acid-Based, Protein-Based and Cell-Based), Application (Companion Diagnostics, Research & Development [Drug Development and Biomarker Discovery & Validation] and Clinical Diagnostics) and Region.
On the basis of geography, the market of Multiplex 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). If we see Market by Technology, the sub-segment i.e. Multiplex PCR will boost the Multiplex Assays market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Reagents & Consumables will boost the Multiplex Assays market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Hospitals will boost the Multiplex Assays market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Incidence of Cancer and Increasing Adoption of Targeted Therapy
Market Growth Drivers:
Rising Use of Multiplex Assays in Companion Diagnostics and Increasing Adoption due to Advantages over Traditional Assays
Challenges:
High Equipment Costs
Restraints:
Stringent Regulations and Standards
Opportunities:
Increasing Validation of Biomarkers in Molecular and Protein Diagnostics and Improvement in Healthcare Services and Infrastructure in Developing Economies
Market Leaders and their expansionary development strategies
In July 2021, DiaSorin S.p.A. acquired the leading company of multiplex assays, Luminex Corporation, for a price of USD 37.00 per share, that corresponds to a total equity value of approximately USD 1.8 billion.
In June 2023, BioPharma Services, Inc., a Novartis subsidiary and a leading provider of innovative biomarker solutions for drug development, announced the launch of its new multiplex digital PCR assays for comprehensive quantification of multiple chimeric antigen receptor (CAR) T cells, a type of cancer immunotherapy that involves genetically modifying T cells to recognize and destroy certain cancers.
Key Target Audience
Multiplex Assay Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Healthcare Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.