MEA Multiplex Assays Market is expected to grow to USD 0.45 billion in 2021
According to the Middle East and
Africa Multiplex Assays market Research Report, the market is
anticipated to grow at a 6.95% CAGR from 2016 to 2021 and it is estimated that
the Middle East and Africa market was valued at USD 0.32 billion in 2016 and is
expected to reach USD 0.45 billion by 2021.
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and in-depth TOC of the Middle East And Africa Multiplex Assays Market to 2021
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While multiplex bead array assays (MBAA) are
widely ascribed to be a recent innovation, descriptions of these assays can be
found in the literature as far back as 1977. A wide assortment of tests has
been devised for MBAA using both immunological and molecular ligands. The
potential advantages of these assays are apparent, such as the ability to
independently and quantitatively assay multiple analytes simultaneously in
small volumes of material and the collection of data from numerous beads for
each ligand to provide statistical rigor. The potential cost- and time-savings
that could be accrued by use of MBAA in comparison to other methods provides a
strong impetus for the routine use of these in both the research and clinical
laboratories. As with all clinical laboratory tests, questions of
reproducibility, precision, and accuracy must be addressed in order to validate
these assays. This commonly involves a comparison to methods considered to be
the current standards.
Factors such as increasing number of research
& development for treatment of diseases, rising adoption of multiplex
assays to reduce operation costs, technological advancements, and growth in
adoption of personalized medicine for increasing safety & efficacy of
therapies are expected to create new opportunities for the main players during
the analysis period. However, lack of experienced healthcare professionals and
huge capital investments are the major restrains for the market growth.
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This is can be attributed to the increase in
the geriatric population, rise in the prevalence of cataract, and rise in the
government initiatives to eliminate avoidable blindness. Moreover, rise in
adoption of premium lens due to their enhanced visual performance ensures
reduced rates of astigmatism, thus boosting the growth of the market. However,
unfavorable reimbursement schemes and postoperative complications such as
refractive errors are anticipated to have a negative impact on the market
growth.
Middle East and Africa Multiplex Assays
market Segmentation into Product, Technology, Type, Application and End User.
On the basis of product, it is segmented into Consumable, Kits & Reagents
and Panels. The consumables sub-segment is projected to account for the largest
share of the products segment due to increase in the demand of consumables. On
the basis of Technology, it is segmented into PCR and Multiplex Array. The
multiplex array is further segmented into planar arrays and bead-based arrays.
The multiplex arrays segment is projected to hold the largest share of the
multiplex assays market. On the basis of Type, it is segmented into Nucleic
Acid-Based and Protein-Based. Nucleic acid-based assays segment is further
classified into planar nucleic acid assays and bead-based nucleic acid assays.
Protein-based assays segment is further categorized into planar protein assays
and bead-based protein assays. The protein based assays segment is expected to
witness the fastest growing segment of the multiplex assays market. On the
basis of Application, it is segmented into R&D and Companion Diagnostics.
The research & development segment is estimated to account for the largest
share of the multiplex assays market. On the basis of End User, it is segmented
into Hospital and Clinical Laboratory. The pharmaceutical and biotechnology
companies segment is expected to account for the largest share.
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On the basis of geography, the market is
analyzed under various regions namely Middle East and Africa. Poor economies
and strict government policies are going to impact the market growth
negatively. However, heavy investment by private players in the untapped market
are going to boost the market growth.
Middle East and Africa Multiplex Assays
market key players are Luminex Corporation, Thermo Fisher Scientific Inc.,
Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Abcam Plc, Becton,
Dickinson and Company, Luminex Corporation, Meso Scale Diagnostics, Randox
Laboratories Ltd and Seegene Inc.
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