Multiplex Biomarker Imaging Market: Rising demand for development of more efficacious drugs for various cancer types is a key trend driving the market
The global multiplex biomarker imaging market was valued US$ 300 Mn in 2018, and is expected to increase at a CAGR of 12% over the forecast period of 2019–2029.
The growing incidence of cancer globally and the race to innovate and develop newer, better and faster ways of detecting and diagnosing them, has led to the multiplex biomarker imaging in the cancer research sector. This success of multiplex biomarker imaging in the commercial sector for research, has also led to growing interesting the same in the clinical diagnosis sector as well.
With both country governments and regulatory organizations looking to reduce the global economic burden of cancer, which mainly comes from detection and diagnosis, opening up opportunities for manufacturers to look into applications for the same, in the near future. The biomarker imaging market is expected to grow at a moderate pace during the forecast period before 2029.
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However, as the current scenario stands, these multiplex biomarker imaging products are being used for research purposes only, and the vague regulatory guidelines on their commercial use, are restraining the growth of the global market to its fullest potential. Multiplex biomarker imaging products have a lucrative regional market in Europe and North America, with end users such as laboratories, biopharmaceutical companies and academic institutes. With the demand for multispectral imaging in multiplex biomarker imaging products increasing, the production of multispectral imaging devices is expected to fuel the growth of the manufacturers in the industry.
Overview of the Multiplex Biomarker Imaging Market
The multiplex biomarker imaging market has grown steadily in recent years and is expected to expand at a moderate pace in the forecast period ending in 2027. This recent report on the multiplex biomarker imaging market landscape is designed to provide readers and researchers significant insights and an in-depth understanding of the market, including the various players.
This report on the multiplex biomarker imaging market offers substantial insights on the underlying trends and opportunities in the market for the future. The report also as information about the various stakeholders in the market, including manufacturers, distributors and suppliers, analysis of which will help create well-informed business strategies.
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Structure of the Report
This report on the multiplex biomarker imaging market starts with a definition and a summary of the market, which also includes the drivers, opportunities, restraints and the underlying trends that are set to influence the evolution of the market. It also offers an analysis of the historical data and a current scenario in the multiplex biomarker imaging market landscape.
The next section of this report on the multiplex biomarker imaging market is a study of the leading segments and sub segments of the industry, based on the component, imaging technique, application and end user. This section also offers a larger global analysis of the multiplex biomarker imaging market along with specific regional analysis of the same, for the following regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding, Japan (APEJ), Japan and Middle East and Africa. The final section of the report consists of the vital information about leading players in the market as well as an analysis of their strategies, ending with the analysts’ viewpoint on the market. The information in this report is particularly useful for new entrants into the market, looking to gain a foothold in the market landscape
Tier 1 Players to Hold More Than 80% Revenue Share
PerkinElmer, Bio-Rad, and Thermo Fisher Scientific are among the leading market players in the multiplex biomarker imaging market. These manufacturers continue to dominate the landscape of the multiplex biomarker imaging market due to their strong focus on product innovation, market leadership in product introduction, and strong distribution network with translational laboratories and academic institutes to increase sales.
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