Global Multiplex Assays (Molecular Multiplexing) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Multiplex Assays (Molecular Multiplexing) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global multiplex assays market is expected to reach US$4.87 billion in 2024, increasing at a CAGR of 7.18%, for the duration spanning 2020-2024. The factors such as increasing prevalence of HIV, rising incidences of cancer cases, increasing medical technology R&D spending, growth in geriatric population, upsurge in healthcare expenditures, rise of multiplex immunoassays in drug discovery and escalating adoption of companion diagnostics would drive the growth of the market. However, the market growth would be challenged by dearth of skilled professionals, high investment capital for multiplex assays and stringent government regulations. A few notable trends may include accelerating growth rates of infectious diseases, growth in pharmaceutical and biotech merger & acquisition, monitoring of biosimilar in autoimmune diseases and demand for multiplexed point-of-care tests (xPOCT).

The global multiplex assays market has been segmented into consumables, instruments and software, based on product type. Consumables dominate the market owing to the increase in the number of testing procedures, performed across research institutes, clinical labs and others. Instruments and software have also hold considerable shares in the global market owing to the technological advancement and product innovation, which have eased the entire process of medical research.

The fastest growing regional market is North America, due to the consistent growth in the M&A between the pharmaceutical and biotechnological companies, which have led to the expansion of the research field in the healthcare sector. Further, the sudden outbreak of COVID-19 is causing an adverse disruption in the global population, augmenting the need for precise diagnostic as well as therapeutic option, which is expected to drive the growth of the global multiplex assays market during the forecasted period.

Scope of the report:

The report provides a comprehensive analysis of the global multiplex assays market.

The major regional markets (North America, Asia-Pacific, Europe, Latin America and Middle East & Africa) have been analyzed.

The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

The competitive landscape of the market, along with the company profiles of leading players (Thermo Fisher Scientific, Becton, Dickson and Company (BD), BioMérieux, Bio-Rad Laboratories, Qiagen and Luminex Corporation) are also presented in detail.

Key Target Audience:

Multiplex Assays Kit Manufacturers

Medical Technology and Pharmaceutical Firms

End Users (pharma & biotech companies, research institutes, clinical labs and hospitals)

Investment Banks

Healthcare and Medical Consultants

Government Bodies & Regulating Authorities


1. Overview
1.1 Introduction
1.2 Difference Between Traditional Assay and Multiplex Assay
Table 1: Difference Between Traditional Assay and Multiplex Assay
1.3 Determinants of Successful Molecular Multiplexing
Table 2: Determinants of Successful Molecular Multiplexing
1.4 Multiplexing Platforms
Table 3: Multiplexing Platforms
1.5 The Future of Multiplex Assays
Table 4: Factors for the Rising Adoption of Multiplex Assays
2. Impact of COVID-19
2.1 Rise in Number of COVID-19 Test
Table 5: COVID-19 Test per Million Population
2.2 Growth in Government Spending on Healthcare
Table 6: Global Government Share on Health Spending (2019-2024)
2.3 Rise in Adoption of Artificial Intelligence in Healthcare
Table 7: Global Healthcare Artificial Intelligence (AI) Market Forecast (2017-2021)
2.4 Regional Impact
3. Global Market Analysis
3.1 Global Multiplex Assays Market by Value
Table 8: Global Multiplex Assays Market by Value (2015-2019)
3.2 Global Multiplex Assays Market Forecast by Value
Table 9: Global Multiplex Assays Market Forecast by Value (2020-2024)
3.3 Global Multiplex Assays Market by Product
Table 10: Global Multiplex Assays Market by Product (2019)
3.3.1 Global Multiplex Assays Consumables Market by Value
Table 11: Global Multiplex Assays Consumables Market by Value (2015-2019)
3.3.2 Global Multiplex Assays Consumables Market Forecast by Value
Table 12: Global Multiplex Assays Consumables Market Forecast by Value (2020-2024)
3.3.3 Global Multiplex Assays Instruments Market by Value
Table 13: Global Multiplex Assays Instruments Market by Value (2015-2019)
3.3.4 Global Multiplex Assays Instruments Market Forecast by Value
Table 14: Global Multiplex Assays Instruments Forecast by Value (2020-2024)
3.3.5 Global Multiplex Assays Software Market by Value
Table 15: Global Multiplex Assays Software Market by Value (2015-2019)
3.3.6 Global Multiplex Assays Software Market Forecast by Value
Table 16: Global Multiplex Assays Software Forecast by Value (2020-2024)
3.4 Global Multiplex Assays Market by Application
Table 17: Global Multiplex Assays Market by Application (2019)
3.4.1 Global Multiplex Assays Research & Development Market by Value
Table 18: Global Multiplex Assays Research & Development Market by Value (2015-2019)
3.4.2 Global Multiplex Assays Research & Development Market Forecast by Value
Table 19: Global Multiplex Assays Research & Development Market Forecast by Value (2020-2024)
3.4.3 Global Multiplex Assays Clinical Diagnostics Market by Value
Table 20: Global Multiplex Assays Clinical Diagnostics Market by Value (2015-2019)
3.4.4 Global Multiplex Assays Clinical Diagnostics Market Forecast by Value
Table 21: Global Multiplex Assays Clinical Diagnostics Market Forecast by Value (2020-2024)
3.4.5 Global Multiplex Assays Companion Diagnostics Market by Value
Table 22: Global Multiplex Assays Companion Diagnostics Market by Value (2015-2019)
3.4.6 Global Multiplex Assays Companion Diagnostics Market Forecast by Value
Table 23: Global Multiplex Assays Companion Diagnostics Forecast by Value (2020-2024)
3.5 Global Multiplex Assays Market by End-Users
Table 24: Global Multiplex Assays Market by End-Users (2019)
3.5.1 Global P&B Companies Multiplex Assays Market by Value
Table 25: Global P&B Companies Multiplex Assays Market by Value (2015-2019)
3.5.2 Global P&B Companies Multiplex Assays Market Forecast by Value
Table 26: Global P&B Companies Multiplex Assays Market Forecast by Value (2020-2024)
3.5.3 Global Research Institutes Multiplex Assays Market by Value
Table 27: Global Research Institutes Multiplex Assays Market by Value (2015-2019)
3.5.4 Global Research Institutes Multiplex Assays Market Forecast by Value
Table 28: Global Research Institutes Multiplex Assays Market Forecast by Value (2020-2024)
3.5.5 Global Clinical Labs Multiplex Assays Market by Value
Table 29: Global Clinical Labs Multiplex Assays Market by Value (2015-2019)
3.5.6 Global Clinical Labs Multiplex Assays Market Forecast by Value
Table 30: Global Clinical Labs Multiplex Assays Market Forecast by Value (2020-2024)
3.5.7 Global Hospital Multiplex Assays Market by Value
Table 31: Global Hospital Multiplex Assays Market by Value (2015-2019)
3.5.8 Global Hospital Multiplex Assays Market Forecast by Value
Table 32: Global Hospital Multiplex Assays Market Forecast by Value (2020-2024)
3.6 Global Multiplex Assays Market by Region
Table 33: Global Multiplex Assays Market by Region (2019)
4. Regional Market Analysis
4.1 North America
4.1.1 North America Multiplex Assays Market by Value
Table 34: North America Multiplex Assays Market by Value (2015-2019)
4.1.2 North America Multiplex Assays Market Forecast by Value
Table 35: North America Multiplex Assays Market Forecast by Value (2020-2024)
4.2 Asia-Pacific
4.2.1 Asia-Pacific Multiplex Assays Market by Value
Table 36: Asia-Pacific Multiplex Assays Market by Value (2015-2019)
4.2.2 Asia-Pacific Multiplex Assays Market Forecast by Value
Table 37: Asia-Pacific Multiplex Assays Market Forecast by Value (2020-2024)
4.3 Europe
4.3.1 Europe Multiplex Assays Market by Value
Table 38: Europe Multiplex Assays Market by Value (2015-2019)
4.3.2 Europe Multiplex Assays Market Forecast by Value
Table 39: Europe Multiplex Assays Market Forecast by Value (2020-2024)
4.4 Latin America
4.4.1 Latin America Multiplex Assays Market by Value
Table 40: Latin America Multiplex Assays Market by Value (2015-2019)
4.4.2 Latin America Multiplex Assays Market Forecast by Value
Table 41: Latin America Multiplex Assays Market Forecast by Value (2020-2024)
4.5 Middle East & Africa
4.5.1 Middle East & Africa Multiplex Assays Market by Value
Table 42: Middle East & Africa Multiplex Assays Market by Value (2015-2019)
4.5.2 Middle East & Africa Multiplex Assays Market Forecast by Value
Table 43: Middle East & Africa Multiplex Assays Market Forecast by Value (2020-2024)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Prevalence of HIV Infections
Table 44: Global HIV Infected Population (2015-2019)
5.1.2 Rising Incidences of New Cancer Cases
Table 45: Global New Cases of Top Cancer Types (2019)
5.1.3 Increasing Medical Technology R&D Spending
Table 46: Global Medical Technology R&D Spending (2015-2019)
5.1.4 Growth in Geriatric Population
Table 47: Global Geriatric Population – Age 65 and Above (2015-2019)
5.1.5 Upsurge in Healthcare Expenditures
Table 48: Global Healthcare Expenditure Per Capita (2015-2019)
5.1.6 Rise of Multiplex Immunoassays in Drug Discovery
Table 49: Global Pharmaceutical R&D Spending (2015-2019)
5.1.7 Escalating Adoption of Companion Diagnostics
5.2 Key Trends and Developments
5.2.1 Accelerating Growth Rates of Infectious Diseases
Table 50: Global Growth Rate of Infectious Diseases Forecast (2017-2022)
5.2.2 Growth in Pharmaceutical and Biotech Merger & Acquisition
Table 51: Global Pharmaceutical and Biotech M&A (2015-2019)
5.2.3 Monitoring of Biosimilar in Autoimmune Diseases
5.2.4 Demand for Multiplexed Point-of-Care Tests (xPOCT)
5.3 Challenges
5.3.1 Dearth of Skilled Professionals
5.3.2 High Investment Capital for Multiplex Assays
5.3.3 Stringent Government Regulations
6. Competitive Landscape
6.1 Global Market
6.1.1 Key Players – Revenue Comparison
Table 52: Key Players – Revenue Comparison (2019)
6.1.2 Key Players – R&D Expenditure Comparison
Table 53: Key Players – R&D Expenditure Comparison (2019)
6.1.3 Key Players – Market Capitalization Comparison
Table 54: Key Players – Market Capitalization Comparison (2020)
7. Company Profiles
7.1 Thermo Fisher Scientific
7.1.1 Financial Overview
7.1.2 Financial Overview
Table 55: Thermo Fisher Scientific Revenue and Net Income (2015-2019)
Table 56: Thermo Fisher Scientific Revenue by Segments (2019)
Table 57: Thermo Fisher Scientific Revenue by Regions (2019)
7.1.3 Business Strategies
7.2 Becton, Dickinson and Company (BD)
7.2.1 Financial Overview
7.2.2 Financial Overview
Table 58: Becton, Dickinson and Company Revenue and Net Income (2015-2019)
Table 59: Becton, Dickinson and Company Revenue by Segments (2019)
Table 60: Becton, Dickinson and Company Revenue by Regions (2019)
7.2.3 Business Strategies
7.3 BioMérieux
7.3.1 Business Overview
7.3.2 Financial Overview
Table 61: BioMérieux Net Sales and Net Income (2015-2019)
Table 62: BioMérieux Net Sales by Product Application (2019)
Table 63: BioMérieux Net Sales by Regions (2019)
7.3.3 Business Strategies
7.4 Bio-Rad Laboratories
7.4.1 Business Overview
7.4.2 Financial Overview
Table 64: Bio-Rad Laboratories Net Sales and Net Income (2015-2019)
Table 65: Bio-Rad Laboratories Net Sales by Segments (2019)
Table 66: Bio-Rad Laboratories Net Sales by Regions (2019)
7.4.3 Business Strategies
7.5 Qiagen
7.5.1 Business Overview
7.5.2 Financial Overview
Table 67: Qiagen Net Sales and Net Loss (Income) (2015-2019)
Table 68: Qiagen Net Sales by Product Classes (2019)
Table 69: Qiagen Net Sales by Regions (2019)
7.5.3 Business Strategies
7.6 Luminex Corporation
7.6.1 Business Overview
7.6.2 Financial Overview
Table 70: Luminex Corporation Total Revenue and Net Loss (Income) (2015-2019)
Table 71: Luminex Corporation Total Revenue by Source (2019)
Table 72: Luminex Corporation Total Revenue by Regions (2019)
7.6.3 Business Strategies

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