Global Market Study on Multiplex Detection Immunoassay: North America to Dominate the Global Market Through 2024


Multiplex Detection Immunoassay  Market
  • Published On : Dec-2019 |
  • Pages : 228 Pages |
  • Format : Multiplex Detection Immunoassay  Market Multiplex Detection Immunoassay  Market Multiplex Detection Immunoassay  Market Multiplex Detection Immunoassay  Market

Rising Incidence of Foodborne Diseases to Boost Multiplex Detection Immunoassay Market

Conventional methods used for the detection of pathogens in food are time consuming and laborious, hence the food industry is adopting rapid detection methods such as nucleic acid-based, biosensor-based, and immunoassay-based.  In the U.S., despite to have safest supply of food, 48 Mn people fall ill and 3,000 people die from foodborne diseases annually. This is creating great need for rapid and effective detection techniques favoring the overall growth of the multiplex detection immunoassay market.

Increasing Application of Multiplex Detection Immunoassay in Disease Testing

Multiplex detection immunoassay has a wide application in both, human and animal disease testing. Multifactorial nature of several diseases and pathological conditions such as cancer and Alzheimer’s disease, etc. created a need for cost-effective, simultaneous, and time saving measurement of multiple analytes in a single sample. Multiplex detection immunoassays are thus perfectly suited for diagnosis of autoimmune diseases and heterogeneous diseases. Also, multiplex detection immunoassay is used for identification and measurement of limited analytes such as kinase, inflammatory proteins, cytokine and growth factors in animals.

Various nucleic acid and protein-coupled multiplex detection immunoassay techniques can be used in veterinary medicine for various purpose such as infectious organism detection. Commercially available multiplex immunoassay for veterinary diagnosis are Equine Lyme Multiplex Assay, Lyme disease testing multiplex assay for dogs, etc. Several researchers are working to develop multiplex assays for veterinary diagnostic applications. For instance, Cornell University, U.S. is involved in development of multiplex assay for the detection of antibodies to Borrelia burgdorferi in horses.

High Resolution Magnetic Beads Multiplex Detection Immunoassay to Boost Market Growth

Magnetic-beads are being highly adopted by proteomics, genomics and other -omics technologies that require high-multiplexing, high precision and sensitivity. For instance, major players such as Bio Rad Laboratories Inc. and EMD Millipore exclusively provide magnetic bead-based multiplex detection immunoassay panels. Owing to efficient background correction, and lower signal-to noise ratio, and reproducibility, adoption of magnetic beads is increasing. Manufacturers are focusing on increased production of magnetic bead multiplex detection immunoassay panels, which is leading to the growth of the multiplex detection immunoassay market.

Advent of Multiplexing Technologies in Drug Development

Implementation of biomarkers in drug development is capital and time intensive. In many complex diseases, analysis of changes in multiple biomarkers is necessary to understand effect of a drug. In this aspect, multiplex detection immunoassays provide solution to various challenges such as increased workload due to multiple collections and cost of detection. Increasing application of multiplex detection immunoassay technique in drug development is expected to drive the growth of the multiplex detection immunoassay market.

Analysts’ Viewpoint

A comprehensive perspective of the multiplex detection immunoassay market has led our analysts to infer that the market is growing at a remarkable rate, with North America leading the global multiplex detection immunoassay market. Increasing R & D activities to develop and expand the applications of multiplex detection immunoassay market is anticipated to create significant opportunities for market players in multiplex detection immunoassay market. Also, increasing clinical trials for upcoming multiplex detection immunoassays are further supporting growth of the multiplex detection immunoassay market. 

Multiplex Detection Immunoassay Market - Scope of the Report

Persistence Market Research (PMR) recently published a market report on the global multiplex detection immunoassay market. The report provides detailed assessment on the key market dynamics, including drivers, trends, opportunities restraints, and detailed information about the multiplex detection immunoassay market structure. PMR’s report presents exclusive information about how the multiplex detection immunoassay market is expected to grow during the forecast period of 2019-2029.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, and compounded annual growth rate (CAGR) are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the multiplex detection immunoassay market during the forecast period.

The study is relevant for stakeholders in the multiplex detection immunoassay market, including multiplex detection immunoassay therapy manufacturers, suppliers, distributors, and investors, and can help them to develop effective strategies to grow in the market. Stakeholders in the multiplex detection immunoassay market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in PMR’s study.

The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the multiplex detection immunoassay market. Furthermore, small businesses and new entrants in the multiplex detection immunoassay market can make use of the information presented in this study to make efficient business decisions to gain momentum in the market.

Key Segments of Multiplex Detection Immunoassay Market

PMR’s study on the multiplex detection immunoassay market offers information divided into five important segments- assay type, technique, application, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Assay

Technique

 Application

End User

  Region

  • Planar assay
    • Blends Protein Arrays (Multiplexed ELISA)
    • Antibody Arrays
  • Bead-based assay
    • Magnetic Bead-based
    • Non-magnetic Bead-based
  • Nucleic Acid-Based Technique
  • Protein-Based Technique
  • Biosensor-Based Technique
  • Disease Testing
  • Food Contamination Testing
  • Research and Development
  • Veterinary Disease Testing
  • Pharmaceutical Companies
  • Clinical Research Organizations
  • Food & Beverages Companies
  • Academic Research Institutes
  • Diagnostic Centers
  • Biotechnology Companies
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Key Questions Answered in PMR’s Multiplex Detection Immunoassay Market Report

  • Which regions will continue to remain the most profitable markets for multiplex detection immunoassay market players?
  • Which factors will induce a change in demand for multiplex detection immunoassay during the assessment period?
  • How will changing trends impact the multiplex detection immunoassay market?
  • How can market players leverage opportunities in the multiplex detection immunoassay market in developed regions?
  • Which companies are leading the multiplex detection immunoassay market?
  • What are the winning strategies of stakeholders in the multiplex detection immunoassay market to improve their market positions?

Multiplex Detection Immunoassay Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the multiplex detection immunoassay market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions in this report.

Secondary resources referred to by analysts during production of the multiplex detection immunoassay market study include statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the multiplex detection immunoassay market, and makes PMR’s projection on the growth prospects of the multiplex detection immunoassay market more accurate and reliable.  

Companies covered in Multiplex Detection Immunoassay Market Report

  • 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 

Multiplex Detection Immunoassay Market

Back To Top