Multiplex PCR Assays Market Charts Course to Surpass US$ 3.0 Billion by 2033, Propelled by an 8.5% CAGR-FMI Study

Multiplex PCR Assays Market
Multiplex PCR Assays Market

By 2023, the multiplex PCR assays market size is expected to be worth US$ 1.3 billion.By 2033, it is projected that the market would have grown at a compound annual growth rate (CAGR) of 8.5%, reaching US$ 3.0 billion. Over the past few years, there has been a notable increase in the market for multiplex PCR assays. Some of the factors driving this expansion and influencing the size of the market include the need for quick and simultaneous detection of several infections or genetic markers, advancements in molecular diagnostics, and the rising need for accurate and efficient diagnostic solutions.

The multiplex PCR assays market is expected to witness continued growth due to ongoing advancements in molecular diagnostics, increasing demand for point-of-care testing, and the development of targeted therapies. Additionally, the integration of multiplex PCR with other technologies, such as NGS and digital PCR, holds potential for further advancements in multiplex diagnostic capabilities.

Get a Sample Copy of the Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17641

Multiplex PCR assays play a crucial role in infectious disease diagnostics by allowing the detection of multiple pathogens simultaneously. They are particularly useful in outbreaks, epidemiological studies, and surveillance programs. Multiplex PCR assays are widely used for respiratory infections, gastrointestinal infections, sexually transmitted infections, and bloodstream infections.

The multiplex PCR assays market benefits from continuous advancements in technology. These include the development of high-throughput platforms, automation, improved primer design, multiplex probe-based assays, and the integration of PCR with other technologies such as next-generation sequencing (NGS) or microarrays. These advancements enhance multiplex PCR assays’ sensitivity, specificity, and scalability.

Key Takeaways:

  • The multiplex PCR assays industry in the United States is predicted to reach US$ 740.9 million by 2033, increasing at a 7.1% CAGR.
  • The multiplex PCR assays industry in the United Kingdom is estimated to reach a market value of US$ 146.9 million, expanding at a CAGR of 8.7% by 2033.
  • During the forecast period, the multiplex PCR assays industry in China is expected to reach a market value of US$ 188.7 million, securing 6.6% CAGR.
  • The multiplex PCR assays industry in Japan is predicted to reach US$ 115.0 million by 2033, increasing at a 7.0% CAGR.
  • South Korea’s multiplex PCR assays industry is predicted to achieve a market share of 1.8%, rising at a 4.7% CAGR during the forecast period.
  • With a CAGR of 8.4% from 2023 to 2033, the Instrument is expected to dominate the multiplex PCR assays industry.
  • With a CAGR of 7.9% from 2023 to 2033, the planar assay is expected to dominate the multiplex PCR assays industry.
  • With a CAGR of 9.2% from 2023 to 2033, the research & development is expected to dominate the multiplex PCR assays industry.
  • With a CAGR of 9.9% from 2023 to 2033, the biopharmaceutical companies is expected to dominate the multiplex PCR assays industry.

“Continuous technological advancements in multiplex PCR assays open doors to broader applications, with enhanced sensitivity and specificity, driving industry growth.”—opines our research analyst.

How the Competition Look in the Multiplex PCR Does assays Market?

The multiplex PCR assay sector is a very competitive one, with many firms fighting for market share. Several significant participants in this industry comprise Thermo Fisher Scientific, Bio-Rad Laboratories & QIAGEN.

The major companies are heavily spending on research & development efforts to create innovative and inventive care with enhanced effectiveness, dependability, and affordability. They are also focusing on expanding their products related to multiplex PCR assays and strengthening their distribution methods in order to fulfill shifting consumer expectations.

Tactical alliances and partnerships with other companies are becoming more common in the industry, allowing parties to leverage one another’s strengths and expand their market influence.

Leading firms use consolidation and mergers to strengthen their market position and gain entry into new markets. The sector is expanding significantly in developing economies, particularly in India and China.

To boost their presence in these regions, major companies are expanding their distribution networks and building regional manufacturing sites. They are also concentrating on offering customers cost-effective products in these markets to get a competitive advantage.

Key Players:

  • Thermo Fisher Scientific Inc.
  • Bio-Rad Laboratories
  • QIAGEN
  • Luminex Corporation
  • Fluidigm Corporation
  • BioFire Diagnostics.

Key Developments :

In June 2021, Bio-Rad confirmed its agreement with Seegene to supply molecular testing services in the USA market.

Unlock Tailored Insights: Customize Your Report for Maximum Impact:
https://www.futuremarketinsights.com/customization-available/rep-gb-17641

Segmentation Analysis of the Multiplex PCR Assays Market

By Product & Service:

  • Consumables
  • Instruments
  • Software and Services

By Assay Type:

  • Planar Assay
    • Blends Protein Arrays (Multiplexed ELISA)
    • Antibody Arrays
  • Bead-based Assay
    • Magnetic Bead-based
    • Non-magnetic Bead-based

By Application:

  • Disease Diagnosis
    • Infectious Disease
    • Cancer
    • Autoimmune Disease
    • Other Diseases
  • Research and Development
  • Other Application

By End User:

  • Biopharmaceutical Companies
  • Clinical Research Organizations
  • Academic Research Institutes
  • Diagnostic Centers
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these