Multiplex Assays Market Report Online (Business Opportunities - Marketing & Sales)

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Multiplex Assays Market Report Online

The global Multiplex Assays Market size is projected to reach a CAGR of 10.3% from 2023-2030.
Multiplex assay is a procedure in which various analytes (such as proteins, biomolecules, growth factors, cytokines, and chemokines) are profiled by detecting and quantifying them simultaneously. This assay is used to amplify multiple targets in a polymerase chain reaction (PCR) and collect more information from minute quantities of proteins or other analytes in lesser time as compared to conventional methods such as ELISA. Multiplex assays are widely used for pathogen identification, mutation analysis, RNA detection, gene detection analysis, linkage analysis, and forensic studies.
The Multiplex assays are extensively used in companion diagnostics, and in drug development. The edge of the multiplex assays over the single plex assays which include reduced reaction tie, reagents, and analyte concentration, helps to deliver the assay result faster and deal with the rare samples (low concentration samples). The massive prevalence of chronic and infectious diseases offers more opportunities for the market by creating more demand for multiplex assays. Market growth is further driven by the following factors such as the increasing adoption of companion diagnostics, the increasing incidence of chronic and infectious diseases, the growing awareness of disease diagnosis, and the need for effective analytical platforms in research and clinical diagnostics to reduce the operational costs and the time taken for diagnosis.
On the other hand, the high expenses of the equipment are posed challenges to the researcher and manufacturers to perform the multiplex assay testing at an affordable price. Also, the Quality control (QC) standards for multiplex assays are more stringent compared to single plex assays, this significantly restricts the Multiplex Assays Market.
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Last Update : Jul 06, 2023 8:16 AM
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