Multiplexed Diagnostics Market Analysis and Outlook Report
                     Transparency  Market  Research  (TMR) has  published  a  new  report  titled,  ‘Multiplexed
Diagnostics  Market  -  Global  Industry  Analysis,  Size,  Share,  Growth,  Trends,  and  Forecast,
2019–2027’. According to the report, the global multiplexed diagnostics market was valued at
around US$ 8.7 Bn in 2018 and is projected to grow at a CAGR of 17.9% from 2019 to 2027.
Overview
 Diagnostic assays are tests used to assess target analytes, quantitatively or qualitatively,
in biochemical substances, cells of an organism, or an organic sample for disease diagnosis
 Multiplexed diagnostics screen multiple analytes in a single cycle of assay procedure.
Though single plex assays are widely available in the market, they fail to yield results for
multiple analytes in a single cycle of assay process, and thus when multiple analytes are
needed to be screened, cost and turnaround time of single plex assay is higher as compared
to multiplexed assay.
 Rising  demand  for  advanced  diagnostic  technology  for  accurate  diagnosis  of  life-
threatening diseases is the major factor to drive the global market.
 North  America  dominated  the  global  multiplexed  diagnostics  market  in 2018 and
anticipated to dominate during the forecast period.
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Significant  private  and  public  funding  for  genomics  and  personalized  medicine  to  Drive
Market
 Growing demand for automated equipment and multifaceted analytical strategies is the
major driver for the growth of global multiplexed diagnostics market.
 Rising  demand  for  advanced  diagnostic  technology  for  accurate  diagnosis  of  life-
threatening diseases and Increasing prevalence of cancer and infectious diseases are some
of the major factors responsible for the growth of global multiplexed diagnostics market
 For instance, as per WHO 2010 data, Breast cancer is one of the most common causes
of mortality among females, accounting for 25% of total cancer cases and 15% of cancer
mortality across the world (WHO, 2010).
 Moreover significant private and public funding for genomics and personalized medicine
is also fuelling the growth of global multiplexed diagnostics market.
Medium Density Multiplexed Assays Segment to Dominate Market
 Based on technology, the global multiplexed diagnostics market has been segmented
into  Very  High  Density  Multiplexed  Assays,  High  Density  Multiplexed  Assays,  Medium
Density  Multiplexed  Assays,  Low  Density  Multiplexed  Assays,  and  Next  Generation
Sequencing
 Medium  Density  Multiplexed  Assays  segment  is  accounted  for  major  market  share
in 2018 and is expected to dominate throughout the forecast period owing to increasing
use in genetic research.
 Increasing emerging diseases that need new diagnosis tests and new drug development
create demand for high density multiplexed assays
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Cardiac Diseases- More Lucrative Application Segment
 Based on application, the global multiplexed diagnostics market has been divided into
Infectious Disease Diagnostic, oncology, autoimmune diseases, cardiac diseases, allergies,
and others
 Oncology segment dominated the global market in 2018 due to Product developments
that enable smooth,  fast procedure for  both the physician and patient,  and increase in
incidence of diseases associated with breast cancer, colorectal cancer, and prostate cancer
 Cardiac diseases segment is more promising segment during the forecast period owing
to  rising  prevalence  of  cardiac  diseases  and  development  of  important  biomarkers  for
cardiac disease detection
Academic research institutes Segment- Lion Market Share
 Based on end-user, the global multiplexed diagnostics market has been segmented into
academic research institutes, hospitals, diagnostic laboratories, pharmaceutical companies,
and clinical research organizations
 Academic research institutes is accounted for major market share in 2018. Increasing
research projects in the field of genetic engineering is the key factor driving the segment.
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North America to Dominate Global Market
 In terms of region, the global multiplexed diagnostics market has been segmented into
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
 North America accounted for major share of the global multiplexed diagnostics market
in 2018. Increasing use of multiplexed diagnostics in academic and research institutes, large
number of people with oncology and infectious diseases, several market players in the U.S.,
technological advancements, extensive R&D practices, and increasing awareness about the
diagnosis and treatment are likely to boost market growth in the U.S.
 For  instance,  the  University  of  California  San  Francisco  (UCSF)  has  seven  PCR
installations for its academic research
 The multiplexed diagnostics market in Asia Pacific is anticipated to expand at a high
CAGR from 2019 to 2027. This can be ascribed to growing aging population, high incidence
of various diseases, and increased research activities in the region.
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Competitive Landscape
 The global  multiplexed diagnostics market is  consolidated as few players hold major
market share in global market.
 Key players include Agilent Technologies,  bioMérieux SA, Bio-Rad Laboratories,  Inc.,
Illumina,  Inc.,  F.  Hoffmann-La Roche Ltd.,  Hologic,  Inc.,  Luminex Corporation,  Siemens
Healthineers, Thermo Fisher Scientific, Inc., Abbott Laboratories, among others
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