Triton’s research estimates that the Europe multiplex assay market is set to progress at a CAGR of 8.17% during the 2024-2032 forecast years. The Netherlands, the United Kingdom, France, Italy, Spain, Germany, and the Rest of Europe are examined in this report.
The France multiplex assay market experiences notable influences from various factors, including advancements in the field, growth in genomics, and clinical trial developments. The escalation in chronic diseases, especially among the aging demographic, stands out as a significant catalyst. France observes a steady increase in its aging populace. Projections indicate the population of 65 and older to rise to approximately 25% by 2030. Notably, the segment aged 85 and above is anticipated to see even more rapid growth. This is significantly expected to create opportunities for the multiplex assay market.
Italy’s multiplex assay market is witnessing substantial growth, propelled by several factors, notably the escalating incidence of new cancer cases. In 2020, there were considerable numbers of new cancer cases reported, highlighting the pressing need for advanced diagnostic methodologies such as multiplex assays to enable early detection and intervention.
Competitive Outlook
The renowned companies in the multiple assay market comprise Illumina Inc, Abcam Limited, Bio-Rad Laboratories Inc, Becton, Dickson and Company, and Olink Proteomics AB.
1. Europe Multiplex Assay Market- Summary
2. Industry Outlook
2.1. Impact Analysis On The Multiplex Assay Market
2.1.1. Impact Of Covid-19 On The Multiplex Assay Market
2.2. Porter’s Five Forces Model
2.2.1. Threat Of New Entrants
2.2.2. Threat Of Substitute Products
2.2.3. Bargaining Power Of Buyers
2.2.4. Bargaining Power Of Suppliers
2.2.5. Competitive Rivalry
2.3. Key Buying Impact Analysis
2.3.1. Analyte Coverage
2.3.2. Speed
2.3.3. Multiplexing Capability
2.3.4. Ease Of Use
2.3.5. Automation
2.4. Market Attractiveness Index
2.5. Key Market Strategies
2.5.1. Contracts And Partnerships
2.5.2. Business Expansions & Divestitures
2.5.3. Acquisitions & Mergers
2.5.4. Product Launches & Developments
2.6. Market Drivers
2.6.1. Adoption Of Personalized Medicines
2.6.2. High Adoption Of Multiplex Assays Over Traditional Methods
2.6.3. Increasing Prevalence Of Chronic Diseases
2.7. Market Challenges
2.7.1. Issues Related To Cross-reactivity And Assay Interference
2.7.2. Challenge In Achieving Adequate Assay Range
2.7.3. Dearth Of Skilled Professionals
2.8. Market Opportunities
2.8.1. Technological Advancements In Assay Platforms
2.8.2. Rapid Growth Of Companion Diagnostics
2.8.3. Growth In Drug Discovery Initiatives
2.9. Analyst Perspective
3. Europe Multiplex Assay Market - By Product And Service
3.1. Reagents And Consumables
3.2. Instruments And Accessories
3.3. Software And Services
4. Europe Multiplex Assay Market - By Type
4.1. Protein-based Multiplex Assay
4.2. Nucleic Acid-based Multiplex Assay
4.3. Other Multiplex Assays
5. Europe Multiplex Assay Market - By Application
5.1. Research And Development
5.2. Clinical Diagnostics
5.3. Companion Diagnostics
6. Europe Multiplex Assay Market - By Technology
6.1. Multiplex Protein Microarray
6.2. Multiplex Pcr
6.3. Other Technologies
7. Europe Multiplex Assay Market - By Industry Vertical
7.1. Pharmaceutical & Biotechnology Companies
7.2. Research Institutes
7.3. Clinical Laboratories
7.4. Hospitals
8. Europe Multiplex Assay Market – By Country Outlook