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(Medical-NewsWire.com, December 08, 2017 ) According to the Global Multiplex Assays Industry Research Report, the industry is anticipated to grow at a 7.15% CAGR from 2016 to 2021 and it is estimated that the global industry was valued at USD 2.68 billion in 2016 and is expected to reach USD 3.79 billion by 2021.
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A multiplex assay is a type of assay that is used in research to simultaneously measure multiple analytes simultaneously in a single run. It is different from the procedures that measure only one analyte at a time. They are extensively used in experiments involving functional genomics. These experiments are attempted to detect or to assay the state of all biomolecules of a given class in a biological sample, to determine the effect of an experimental treatment or the effect of a DNA mutation over all of the biomolecules or pathways in the sample.
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This is can be credited to the increasing geriatric population, rising prevalence of cataract, and increasing government initiatives to eliminate avoidable blindness. Moreover, increase in adoption of premium lens due to their enhanced visual performance ensures reduced rates of astigmatism, thus boosting the growth of the industry. However, unfavorable reimbursement schemes and postoperative complications such as refractive errors are expected to have a negative impact on the industry growth.
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Industry Segmentation
o Product
· Introduction
· Consumables
· Instruments
· Accessories
· Software and Services
· Y-o-Y Growth Analysis, By Product
· Industry Attractiveness Analysis, By Product
· Industry Share Analysis, By Product
o Type
· Introduction
· Nucleic Acid-Based Multiplex Assays
o Planar Nucleic Acid Assays
o Bead-Based Nucleic Acid Assays
· Protein-Based Multiplex Assays
o Planar Protein Assays
o Bead-Based Protein Assays
· Y-o-Y Growth Analysis, By Type
· Industry Attractiveness Analysis, By Type
· Industry Share Analysis, By Type
o Application
· Introduction
· Research & Development
o Drug Development
o Biomarker Discovery and Validation
o Infectious Diseases
o Cancer
o Cardiac Diseases
o Autoimmune Diseases
o Alzheimer’s Disease
o Allergies
· Companion Diagnostics
· Other Applications
· Y-o-Y Growth Analysis, By Application
· Industry Attractiveness Analysis, By Application
· Industry Share Analysis, By Application
o Technology
· Introduction
· Multiplex Pcr
· Multiplex Arrays
o Multiplex Planar Arrays
o Multiplex Bead-Based Array
· Other Technologies
· Y-o-Y Growth Analysis, By Technologies
· Industry Attractiveness Analysis, By Technologies
· Industry Share Analysis, By Technologies
o End Use
· Introduction
· Pharmaceutical & Biotechnology Companies
· Academic & Research Institutes
· Clinical Laboratories
· Hospitals
· Other End Users
· Y-o-Y Growth Analysis, By End Use
· Industry Attractiveness Analysis, By End Use
· Industry Share Analysis, By End Use
Global Multiplex Assays Industry Geography, the industry is analyzed under various regions namely North America, Europe, Asia-Pacific and Middle East and Africa. North-America accounts for the largest share of the industry. Europe is the second-largest source, this regional industry is driven by the availability of government funds. Asia-pacific is expected to witness the highest growth rate in the coming years owing to developing countries like India and China.
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Multiplex Assays Industry Players are Luminex Corporation, Thermo Fisher Scientific Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Abcam Plc, Becton, Dickinson and Company, Luminex Corporation, Meso Scale Diagnostics, Randox Laboratories Ltd and Seegene Inc.
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Source: EmailWire.Com 
Source: EmailWire.com
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