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Multiplex Molecular Diagnostics Market to reach the valuation of US$ 39.25 Billion by 2032

[Report of 250 Pages] The multiplex molecular diagnostics market is projected to grow at a CAGR of 5.4% over the course of the forecast period, from an estimated value of US$ 23.2 billion in 2022 to US$ 39.25 billion by 2032. 

Multiplex Molecular Diagnostics Market: Overview Highly multiplexed molecular diagnostics are powerful tools for patient care, epidemiologic studies, and to control infection. It is highly likely that panel testing will be increasingly used in clinical microbiology in the future. However, multiplex molecular diagnostics assays cannot replace traditional culture based method fully. Further, additional testing for organisms needs to be included in the panel 

Multiplex Molecular Diagnostics: Market Dynamics The global multiplex molecular diagnostics market is anticipated to growth at a descent rate in forecast period 2019-29. The multiplex molecular diagnostics market will be driven primarily due to increase in economic stability leading to improve funding in healthcare and research. Increase in incidence of gastrointestinal, respiratory and CNS infections have led to the growth of multiplex molecular diagnostics market.As the clinical symptoms of these diseases are not pathogen specific, therefore its differential diagnosis is broad. Previously, for performing microbiologic diagnosis, one needed a combination of antigen tests, microscopy, culture, and pathogen-specific PCR assays. 

However, as multiplex molecular diagnostic approach came into practice, it simplified testing algorithms and laboratory workflow. Multiplex molecular diagnostics have significantly increased the diagnostic yield. Moreover, with launch of multiplex PCRs, the tests have become more sensitive than the routine culture or antigen detection. Still, there are few limitations to current multiplex molecular diagnostics test. In current form, multiplex molecular diagnostics cannot detect all potential pathogens. Besides a negative panels result doesn’t on entirely exclude infection. Further, with panel based methodology, current platforms offer few or limited options to select which organism targets needs to be tested. 

Since last few years, research and development of multiplex molecular diagnostics test in clinical microbiology have allowed many laboratories around the world to grow more rapidly and with ease. This has also helped many of these institution to analyze these pathogens directly using multiplex molecular diagnostics in clinical specimens. Above all, recent developments such as approval from USFDA to analyze multiple organisms in single run is helping the market of molecular diagnostic panels to flourish. Using multiplex molecular diagnostics tools, researchers and laboratory personals are able to identify most common laboratory pathogens in gastrointestinal and respiratory more effectively. The w respiratory viral, gastrointestinal, or central nervous system infections. 

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Multiplex Molecular Diagnostics Market: Region-wise OutlookOwing to the presence of developed economies like the U.S. and Canada, North America is anticipated to be the dominant revenue generating region for immunoaffinity columns market over the forecasting period. Many factors like well-developed high-tech diagnostic labs, presence of a large number of key players, and favorable research funding are contributing to the high revenue generation in this region. After North America, Europe is anticipated to be the second most important region for multiplex molecular diagnostics market. This is attributed to the increased number of patient care, epidemiologic studies being conducted in this region. The Asia pacific regional market for multiplex molecular diagnostics is expected to grow at the fastest rate due to factors such as rising adoption of the advanced diagnostic technologies and high prevalence of infectious diseases in the region. However, Middle-East and Africa is expected to be the least lucrative region in immunoaffinity columns market due to the lack of awareness about modern diagnostic techniques and lack of advanced clinical laboratories.Multiplex Molecular Diagnostics Market: Key Players 

Some of the key players present in global Multiplex Molecular Diagnostics market include BD, bioMérieux SA, GenMark Diagnostics, Inc, Hologic, Luminex Corporation and many more. In addition presence of small and local manufacturers across the countries will account for competiveness in multiplex molecular diagnostics market.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Multiplex Molecular Diagnostics Market: Segmentation 

Segmentation by Product Type:

  • Analyzers
  • Software
  • Instruments
  • Centrifuge
  • Counting Chambers
  • Incubators

Segmentation by Method:

  • Real-time PCR
  • Nested PCR with Melt Curve Analysis
  • PCR with Low density Microarray
  • PCR with Liquid Phase Bead Array
  • PCR with Electrochemical Detection

Segmentation by End User Type:

  • Clinical Research Laboratory
  • Hospitals
  • Academic & Research Centers
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Last Updated: 03-Apr-2023