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(Medical-NewsWire.com, December 07, 2017 ) 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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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.
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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.
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Market Segmentation
o Product
Introduction
Consumables
Instruments
Accessories
Software and Services
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
o Type
Introduction
Nucleic Acid-Based Multiplex Assays
o Planar Nucleic Acid Assays
o Bead-Based Nucleic Acid Assays
Protein-Based Multiplex Assays
o Planar Protein Assays
o Bead-Based Protein Assays
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
o Application
Introduction
Research & Development
o Drug Development
o Biomarker Discovery and Validation
o Infectious Diseases
o Cancer
o Cardiac Diseases
o Autoimmune Diseases
o Alzheimers Disease
o Allergies
Companion Diagnostics
Other Applications
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
o Technology
Introduction
Multiplex Pcr
Multiplex Arrays
o Multiplex Planar Arrays
o Multiplex Bead-Based Array
Other Technologies
Y-o-Y Growth Analysis, By Technologies
Market Attractiveness Analysis, By Technologies
Market Share Analysis, By Technologies
o End Use
Introduction
Pharmaceutical & Biotechnology Companies
Academic & Research Institutes
Clinical Laboratories
Hospitals
Other End Users
Y-o-Y Growth Analysis, By End Use
Market Attractiveness Analysis, By End Use
Market Share Analysis, By End Use
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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Source: EmailWire.Com 
Source: EmailWire.com
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