3 Significant Trends Propelling Demand for Multiplex Detection Immunoassay

Drug advancement and testing quality in parallel with various examination centers for research purposes. In addition, growing geriatric population prone to commonness of chronic infections and sickness of immune system will further fuel growth of the multiplex detection immunoassay market globally in the coming years.

The global multiplex detection immunoassay market is expected to grow at 7.5% CAGR in the coming years. Protein-based techniques will represent the largest segment, and will grow at 8.2% CAGR in terms of revenue in the coming years. Whereas, planar assay will grow at 7.8% CAGR, and represent the most lucrative multiplex detection immunoassay market in North America.

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Various trends propelling growth of the global multiplex detection immunoassay market include,

 

  1. Growing Technology:

In pace with developing technology, the multiplex detection immunoassay market has witnessed a significant transformation. Emerging techniques such as protein-based techniques, biomarker-based techniques and nucleic acid-based technique will fuel growth of the global multiplex detection immunoassay market in the coming years.

Protein-based techniques among other techniques will account for relatively high revenue share in the global market in the coming years, followed by nucleic acid-based technique. Moreover, cost-effective treatment and rapidly growing medical technologies will further propel growth of the global multiplex detection immunoassay market in the coming years.

 

  1. Surge in Application:

The multiplex detection immunoassay techniques find surging applications in various domains. Clinical research organization, pharmaceutical companies, academic research institutes, food & beverage companies, biotechnology companies and diagnostic centers feature as some significant end users among others.

Presently, pharmaceutical companies among other end users account for major revenue share in the multiplex detection immunoassay market globally in the coming years. Moreover, there is a surge in multiplex assays for application of research purposes in parallel to growing prospects of institutes for academic research purposes, particularly in countries such as North America. Such factor are likely to fuel growth of the multiplex detection immunoassay market globally in the coming years.

 

  1. Regional Analysis:

North America among other regions will retain dominance in the multiplex detection immunoassay market globally in the coming years. Additionally, the multiplex detection immunoassay market in North America accounted for major revenue share in 2016. Moreover, the multiplex detection immunoassay market in North America will further grow at 8.2% CAGR in the coming years. Furthermore, the multiplex detection immunoassay market in Asia Pacific is likely to witness a robust growth in the span of next eight years. In addition, there is a constant growth in installed base systems of multiplex detection immunoassay in various diagnostic centers, research laboratories and various specialized clinics and healthcare infrastructure. Such factors will further fuel growth of the multiplex detection immunoassay market in Asia Pacific in the coming years.

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Overall, the major market players are mainly focusing on various strategies that are specific to companies, and are mainly related to consolidation initiatives in the market, analyzing specific strengths, development of product, threats and opportunities, and weaknesses. However, lack in policies related to reimbursements and strict government rules and regulations is likely to inhibit growth of the multiplex detection immunoassay market globally in the span of next eight years. Moreover, surge in challenges such as immobilization of capture ligands and alignments in parallel with impedance amongst proteins and antibodies, and challenges related to multiplex setup incorporate determinations will further restrain growth of the multiplex detection immunoassay market globally in the coming years.

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