Navigating Regulatory Challenges in Multiplex Assays Industry

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The multiplex assays market is valued at an estimated USD 3.5 billion in 2022 and is projected to reach USD 5.3 billion by 2027, at a CAGR of 8.8% during the forecast period. Growth in this market is mainly driven by factors such as increasing use of multiplex assays in companion diagnostics and increasing advantages over singleplex and traditional assays. However, the high cost of multiplex assay equipment, stringent regulations and standards, and issues in the standardization of multiplex assays design are the major factors restraining the growth of this market.

Multiplex Assays Market Size, Share, Trends, Forecasts Report, Growth Drivers | MarketsandMarkets
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Multiplex Assays Market Size, Share, Trends, Forecasts Report, Growth Drivers | MarketsandMarkets

The global multiplex assays market in terms of revenue was estimated to be worth $3.5 billion in 2022 and is poised to reach $5.3 billion by 2027, growing at a CAGR of 8.8% from 2022 to 2027.