Global Multiplexed Diagnostics Market 2018-2022 | Increasing Prevalence of Chronic Disorders to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–#ResearchTechnavio
analysts forecast the global multiplexed diagnostics market to grow at a
CAGR of over 15% during the forecast period, according to their
latest market research report.


The increasing technological advancements are one of the major trends
being witnessed in the global
multiplexed diagnostics market 2018-2022
. The increasing demand
for multiplexed diagnostics is encouraging vendors to offer continuous
advancements in product offerings to meet the growing demand and sustain
or increase their market share. For instance, multiplex PCR products are
offered by vendors such as Bio-Rad laboratories.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global multiplexed diagnostics market is the high
prevalence of chronic and infectious diseases:

Global multiplexed diagnostics market: High
prevalence of chronic and infectious diseases

Globally, the prevalence of chronic and infectious diseases is high. For
instance, in 2012, around 4.2% of the US population had cancer out of
which, half of the affected population died due to the disease.

According to a senior analyst at Technavio for research on life science
research tools, “Timely diagnosis is essential for healthcare
providers and public health practitioners to provide the appropriate
treatment at the earliest, which is likely to augment the growth of the
global multiplexed diagnostics market. Also, factors like sedentary
lifestyle and sub-optimal diagnostic facilities in developing countries
are increasing the incidences of chronic diseases which is expected to
fuel the demand for multiplexed diagnostics over the next five years.”

Global multiplexed diagnostics market:
Segmentation analysis

The global multiplexed diagnostics market research report provides
market segmentation by end-user (pharmaceutical and biotechnology
companies, healthcare centers, academic institutes, and CROs) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The pharmaceutical and biotechnology companies held the largest market
share in 2017, contributing to over 42% of the market. This end-user
segment is expected to continue to dominate the global market throughout
the forecast period.

The Americas held the largest share of the market in 2017, accounting
for 51% share, followed by EMEA and APAC respectively. The growth in the
region can be attributed to the presence of developed laboratories and
drug research and development institutes.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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