Multiplex Panels Market: By Technology, By Component, By Application, By End-User, and Geography

Multiplex Panels Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technology (Flow Cytometry, Fluorescence Detection, Luminescence, Multiplex Real-Time PCR, Other Technologies), By Component (Instruments, Consumables, Software and Services, Cartridges, Reagents, Others), By Application (R&D, Clinical Diagnostics), By End-User (Pharmaceutical and Biotechnology Companies, Hospital and Research Institutes, Diagnostic Laboratories, Homecare, Other end-users), and Region

Multiplex Panels Market was valued at US$ 2,889.1 million in 2023 and is poised to grow at an 8.2% CAGR from 2024 to 2030. Multiplex panels are novel, powerful tools that may assist in the timely diagnosis of infectious diseases and influence decisions regarding patient management, including antimicrobial therapy, antimicrobial stewardship, and infection prevention and control. The need for automated and efficient systems in laboratories has grown, as conventional methods for testing are inadequate. This provides opportunities for the adoption of multiplex panels, with their potential for automation, convenience, accuracy, and reproducibility. Bead-based microplate assays provide a greater surface area for binding with lower background signals than traditional ELISA, while the beads can be coded and used in multiplex panels, which measure multiple analytes in a single microplate to reduce overall cost and time. Moreover, singleplex assays can only handle a single test at a time and require a higher sample volume while multi-analyte studies need to be repeated for each analyte using new reagents and fresh samples, which increases the time taken and costs incurred.

In contrast, multiplex panels can handle several analytes simultaneously while the speed and efficacy of multiplex panels make them more adaptable for automation. While multiplex technology substantially saves operational costs and time, the initial investment in multiplex panel equipment is high. Furthermore, maintenance and insurance, laboratory supervision, and overhead costs including utilities, space, and administration are also additional expenses. As a result, high instrument cost is a major factor limiting the growth of multiplex panels. The increasing adoption of companion diagnostics and the rising need for effective analytical platforms in research and clinical diagnostics are the major factors driving the multiplex panels market growth. Moreover, various companies operating in this market have made significant R&D investments to develop novel products to better cater to the needs of their customers. Product launches and acquisitions were the most widely adopted growth strategies by multiplex panels market players. In 2022, pharmaceutical and biotechnology companies accounted for the largest share of the multiplex panels market by end-user.

Multiplex Panels Market Key Players:
  • In August 2021, Becton, Dickinson, and Company launched its new and fully automated high-throughput diagnostic system, BD COR System. The system uses robotics and sample management software algorithms to set a new standard in automation for infectious disease molecular testing in core laboratories and other centralized laboratories in the US.
  • In February 2021, Thermo Fischer Scientific acquired Mesa Biotech, a privately held point-of-care molecular diagnostic company. This acquisition strengthened Thermo Fischer's operational excellence, access to raw materials, and existing distribution and sales channels with Mesa’s innovative platform with a diverse array of diagnostic products, such as the Accula System by Mesa Biotech which is dedicated to COVID-19 testing.

Multiplex Panels Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.2%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Multiplex Panels Market Dynamics

The need for automated and efficient systems in laboratories has grown, as conventional methods for testing are inadequate and this provides opportunities for the adoption of multiplex panels. Multiplex panels have the potential for automation, convenience, accuracy, and reproducibility. Moreover,  the singleplex assays can only handle a single test at a time and require a higher sample volume, while multi-analyte studies need to be repeated for each analyte using new reagents and fresh samples, which increases the time taken and costs incurred. In contrast, multiplex panels can handle several analytes simultaneously while the speed and efficacy of multiplex panels make them more adaptable for automation. However high initial investment and instrument costs are expected to limit the growth of the multiplex panels market.

Multiplex Panels Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 2,889.1 million

Market CAGR

8.2%

By Technology

  • Flow Cytometry
  • Fluorescence Detection
  • Luminescence
  • Multiplex Real-Time PCR
  • Other Technologies

By Component

  • Instruments
  • Consumables
  • Software and Services
  • Cartridges
  • Reagents
  • Other Product

By Application

  • R&D
  • Clinical Diagnostics

By End Users

  • Pharmaceutical and Biotechnology Companies
  • Hospital and Research Institutes
  • Diagnostic Laboratories
  • Homecare
  • Other end-users

Key Features of the Report

  • The pultruded panels market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The pultruded panels market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The pultruded panels market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The pultruded panels market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The pultruded panels market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

Multiplex Panels Market was valued at US$ 2,889.1 million in 2023 and is expected to grow at an 8.2% CAGR from 2024 to 2030.

Abbott Laboratories, Thermo Fischer Scientific, Accelerate Diagnostics, Beckman Coulter Diagnostics, and Becton, Dickinson, and Company are some of the major players operating in the multiplex panels market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period.

North America accounts for the largest market share and is expected to be the primary market driver in the multiplex panels market.

High initial investment and instrument costs are expected to limit the growth of the multiplex panels market.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Multiplex Panels Market Introduction 
2.1.Global Multiplex Panels Market  - Taxonomy
2.2.Global Multiplex Panels Market  - Definitions
2.2.1.Technology
2.2.2.Application
2.2.3.Component
2.2.4.End Users
2.2.5.Region
3.Global Multiplex Panels Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Multiplex Panels Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Multiplex Panels Market  By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Flow Cytometry
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Fluorescence Detection
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Luminescence
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Multiplex Real-Time PCR
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Other Technologies
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Multiplex Panels Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. R&D
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Clinical Diagnostics
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Multiplex Panels Market  By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Instruments
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Consumables
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Software and Services
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Cartridges
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Reagents
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Other Product
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Multiplex Panels Market  By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Pharmaceutical and Biotechnology Companies
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Hospital and Research Institutes
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Diagnostic Laboratories
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Homecare
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Other end-users
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.Global Multiplex Panels Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Multiplex Panels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Flow Cytometry
10.1.2.Fluorescence Detection
10.1.3.Luminescence
10.1.4.Multiplex Real-Time PCR
10.1.5.Other Technologies
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.R&D
10.2.2.Clinical Diagnostics
10.3.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Instruments
10.3.2.Consumables
10.3.3.Software and Services
10.3.4.Cartridges
10.3.5.Reagents
10.3.6.Other Product
10.4.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Pharmaceutical and Biotechnology Companies
10.4.2.Hospital and Research Institutes
10.4.3.Diagnostic Laboratories
10.4.4.Homecare
10.4.5.Other end-users
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Multiplex Panels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Flow Cytometry
11.1.2.Fluorescence Detection
11.1.3.Luminescence
11.1.4.Multiplex Real-Time PCR
11.1.5.Other Technologies
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.R&D
11.2.2.Clinical Diagnostics
11.3.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Instruments
11.3.2.Consumables
11.3.3.Software and Services
11.3.4.Cartridges
11.3.5.Reagents
11.3.6.Other Product
11.4.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Pharmaceutical and Biotechnology Companies
11.4.2.Hospital and Research Institutes
11.4.3.Diagnostic Laboratories
11.4.4.Homecare
11.4.5.Other end-users
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Multiplex Panels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Flow Cytometry
12.1.2.Fluorescence Detection
12.1.3.Luminescence
12.1.4.Multiplex Real-Time PCR
12.1.5.Other Technologies
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.R&D
12.2.2.Clinical Diagnostics
12.3.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Instruments
12.3.2.Consumables
12.3.3.Software and Services
12.3.4.Cartridges
12.3.5.Reagents
12.3.6.Other Product
12.4.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Pharmaceutical and Biotechnology Companies
12.4.2.Hospital and Research Institutes
12.4.3.Diagnostic Laboratories
12.4.4.Homecare
12.4.5.Other end-users
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Multiplex Panels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Flow Cytometry
13.1.2.Fluorescence Detection
13.1.3.Luminescence
13.1.4.Multiplex Real-Time PCR
13.1.5.Other Technologies
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.R&D
13.2.2.Clinical Diagnostics
13.3.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Instruments
13.3.2.Consumables
13.3.3.Software and Services
13.3.4.Cartridges
13.3.5.Reagents
13.3.6.Other Product
13.4.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Pharmaceutical and Biotechnology Companies
13.4.2.Hospital and Research Institutes
13.4.3.Diagnostic Laboratories
13.4.4.Homecare
13.4.5.Other end-users
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Multiplex Panels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Flow Cytometry
14.1.2.Fluorescence Detection
14.1.3.Luminescence
14.1.4.Multiplex Real-Time PCR
14.1.5.Other Technologies
14.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.R&D
14.2.2.Clinical Diagnostics
14.3.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Instruments
14.3.2.Consumables
14.3.3.Software and Services
14.3.4.Cartridges
14.3.5.Reagents
14.3.6.Other Product
14.4.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Pharmaceutical and Biotechnology Companies
14.4.2.Hospital and Research Institutes
14.4.3.Diagnostic Laboratories
14.4.4.Homecare
14.4.5.Other end-users
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Abbott Laboratories
15.2.2.Thermo Fischer Scientific
15.2.3.Accelerate Diagnostics
15.2.4.Beckman Coulter Diagnostics
15.2.5.Becton, Dickinson and Company
15.2.6.Bosch Healthcare Solutions GmbH
15.2.7.Cepheid (Danaher)
15.2.8.Credo Diagnostics Biomedical
15.2.9.Cue Health
15.2.10.Curetis N.V./Curetis GmbH
15.2.11.Detect
15.2.12.Diasorin S.p.A.
15.2.13.Enzo Biochem
15.2.14.Eurofins Scientific
15.2.15.Fluxergy
15.2.16.Fusion Genomics.
15.2.17.GenMark Dx (Roche)
15.2.18.Operon
15.2.19.Oxford Nanopore Technologies
15.2.20.Panagene
15.2.21.Perkin Elmer
15.2.22.Veramarx
15.2.23.XCR Diagnostics
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Abbott Laboratories
  • Thermo Fischer Scientific
  • Accelerate Diagnostics
  • Beckman Coulter Diagnostics
  • Becton, Dickinson and Company
  • Bosch Healthcare Solutions GmbH
  • Cepheid (Danaher)
  • Credo Diagnostics Biomedical
  • Cue Health
  • Curetis N.V./Curetis GmbH
  • Detect
  • Diasorin S.p.A.
  • Enzo Biochem
  • Eurofins Scientific
  • Fluxergy
  • Fusion Genomics.
  • GenMark Dx (Roche)
  • Operon
  • Oxford Nanopore Technologies
  • Panagene
  • Perkin Elmer
  • Veramarx
  • XCR Diagnostics

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