Triton’s research states that the North America multiplex assay market is estimated to progress with a CAGR of 8.53% during the projected years 2024-2032. Canada and the United States are evaluated in this region.
In Canada, there has been a notable rise in the incidence of new cancer cases. Data from the Canadian Medical Association Journal reveals that in 2022, an estimated 233,900 new cases of cancer were diagnosed. Among the most prevalent types were lung, breast, prostate, and colorectal cancers. This rise in cancer cases significantly elevates the demand for multiplex assays for precise diagnosis and treatment.
The increasing popularity of multiplex assays, in contrast to singleplex and traditional assays, is significantly propelling market expansion in the United States. Multiplex assays provide various advantages, such as sample consumption reduction through miniaturization, enhanced operational efficiency, simplicity in use, and lowered labor expenses. These advantages are collectively fostering the wider adoption of multiplex assays, thereby driving the United States market.
Competitive Outlook
The key companies listed in the market include Abcam Limited, Bio-Rat Laboratories, Qiagen NV, Siemens Healthineers AG, and Seegene Inc.
1. North America 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. North America Multiplex Assay Market - By Product And Service
3.1. Reagents And Consumables
3.2. Instruments And Accessories
3.3. Software And Services
4. North America Multiplex Assay Market - By Type
4.1. Protein-based Multiplex Assay
4.2. Nucleic Acid-based Multiplex Assay
4.3. Other Multiplex Assays
5. North America Multiplex Assay Market - By Application
5.1. Research And Development
5.2. Clinical Diagnostics
5.3. Companion Diagnostics
6. North America Multiplex Assay Market - By Technology
6.1. Multiplex Protein Microarray
6.2. Multiplex Pcr
6.3. Other Technologies
7. North America Multiplex Assay Market - By Industry Vertical
7.1. Pharmaceutical & Biotechnology Companies
7.2. Research Institutes
7.3. Clinical Laboratories
7.4. Hospitals
8. North America Multiplex Assay Market – By Country Outlook
8.1. United States
8.1.1. United States Multiplex Assay Market Forecast & Prospects