LATIN AMERICA MULTIPLEX ASSAY MARKET 2021-2028

Lifesciences | Diagnostic & Biotechnology

LATIN AMERICA MULTIPLEX ASSAY MARKET 2021-2028

Market by Product and Service, Type, Application, Technology, Industry Verticals, and Country | Forecast 2021-2028

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Triton’s report infers that the multiplex assay market in Latin America is expected to propel at a CAGR of 6.74% through the predicted period 2021-2028. 


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The countries analyzed in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

In the region, the market’s growth is predominantly supported by the rising prevalence of cancer cases, coupled with projects to develop multiplex assays. In this regard, the high occurrence of breast cancer is anticipated to fuel the adoption of multiplex assays to offer personalized treatments to cancer patients across Latin America. 

In Brazil, the rising prevalence of chronic diseases, rising geriatric population base, and growing awareness are majorly driving the growth of the studied market. Furthermore, as per the World Population Ageing 2019 report, the geriatric population is estimated to grow by 2030. These statistics indicate a high burden of cancer in the country, which has led to the rise in government initiatives to cope with the issue. In this regard, the Brazilian National Cancer Institute offers cancer care within an integrated public health system. Besides, the COVID-19 outbreak has increased the need for research and development activities to develop products to offer efficient healthcare services. Thus, the aforementioned factors are widening the scope and growth of the multiplex assay market across the country. 

Likewise, the number of cancer cases has surged, resulting in a high number of deaths across Mexico. Here, breast cancer is highly prevalent, followed by prostate cancer. Furthermore, the adoption of multiplex PCR increased significantly during the COVID-19 pandemic to accurately detect and quantify the virus spread. Hence, this will propel the Mexican multiplex assay market on a progressive path. 

Qiagen NV offers sample and assay technology for molecular diagnostics, applied testing, and academic and pharmaceutical research. Its product line includes molecular technologies offered as kits with open or specific target analysis. Besides, it has a product portfolio comprising over 500 products. Founded in 1984, Qiagen has offices across 25 countries, including in Latin America. 

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Table of Content

1. LATIN AMERICA MULTIPLEX ASSAY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON MULTIPLEX ASSAY MARKET

2.2. KEY INSIGHTS

2.3. PORTER’S FIVE FORCES MODEL

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE PRODUCTS

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. COMPETITIVE RIVALRY

2.4. KEY BUYING OUTLOOK

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. KEY MARKET STRATEGIES

2.7.1. CONTRACTS AND PARTNERSHIPS

2.7.2. BUSINESS EXPANSIONS, ANNOUNCEMENTS, & DIVESTITURES

2.7.3. ACQUISITIONS & MERGERS

2.7.4. NEW PRODUCT LAUNCHES & DEVELOPMENTS

2.8. KEY DRIVERS

2.8.1. ADOPTION OF PERSONALIZED MEDICINES

2.8.2. HIGH ADOPTION OF MULTIPLEX ASSAYS OVER TRADITIONAL METHODS

2.9. KEY RESTRAINTS

2.9.1. DEARTH OF SKILLED PROFESSIONALS

2.9.2. LEGAL TRENDS RELATED TO ENVIRONMENTAL SAFETY

2.10. KEY OPPORTUNITIES

2.10.1. FUNDING FOR R&D ACTIVITIES BY VARIOUS GOVERNMENT AGENCIES AND COMPANIES

2.10.2. EMERGING ECONOMIES OFFERING LUCRATIVE GROWTH OPPORTUNITIES

3. LATIN AMERICA MULTIPLEX ASSAY MARKET - BY PRODUCT AND SERVICE

3.1. REAGENTS AND CONSUMABLES

3.2. INSTRUMENTS AND ACCESSORIES

3.3. SOFTWARE AND SERVICES

4. LATIN AMERICA MULTIPLEX ASSAY MARKET - BY TYPE

4.1. PROTEIN-BASED MULTIPLEX ASSAY

4.2. NUCLEIC ACID-BASED MULTIPLEX ASSAY

4.3. OTHER MULTIPLEX ASSAYS

5. LATIN AMERICA MULTIPLEX ASSAY MARKET - BY APPLICATION

5.1. RESEARCH AND DEVELOPMENT

5.2. CLINICAL DIAGNOSTICS

5.3. COMPANION DIAGNOSTICS

6. LATIN AMERICA MULTIPLEX ASSAY MARKET - BY TECHNOLOGY

6.1. MULTIPLEX PROTEIN MICROARRAY

6.2. MULTIPLEX PCR

6.3. OTHER TECHNOLOGIES

7. LATIN AMERICA MULTIPLEX ASSAY MARKET - BY INDUSTRY VERTICALS

7.1. PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES

7.2. RESEARCH INSTITUTES

7.3. CLINICAL LABORATORIES

7.4. HOSPITALS

8. LATIN AMERICA MULTIPLEX ASSAY MARKET – COUNTRY OUTLOOK

8.1. COUNTRY ANALYSIS

8.1.1. BRAZIL

8.1.2. MEXICO

8.1.3. REST OF LATIN AMERICA

9. COMPETITIVE LANDSCAPE

9.1. ABCAM

9.2. AGILENT TECHNOLOGIES INC

9.3. BECTON DICKINSON AND COMPANY

9.4. BIO RAD LABORATORIES INC

9.5. BIO TECHNE CORPORATION

9.6. F HOFFMANN LA ROCHE

9.7. ILLUMINA INC

9.8. LUMINEX CORPORATION

9.9. MERCK MILLIPORE

9.10. MESO SCALE DIAGNOSTICS LLC

9.11. OLINK PROTEOMICS AB

9.12. QIAGEN NV

9.13. RANDOX LABORATORIES LTD

9.14. SEEGENE INC

9.15. SIEMENS HEALTHINEERS AG

9.16. THERMO FISHER SCIENTIFIC INC

10. RESEARCH METHODOLOGY & SCOPE

10.1. RESEARCH SCOPE & DELIVERABLES

10.1.1. OBJECTIVES OF STUDY

10.1.2. SCOPE OF STUDY

10.2. SOURCES OF DATA

10.2.1. PRIMARY DATA SOURCES

10.2.2. SECONDARY DATA SOURCES

10.3. RESEARCH METHODOLOGY

10.3.1. EVALUATION OF PROPOSED MARKET

10.3.2. IDENTIFICATION OF DATA SOURCES

10.3.3. ASSESSMENT OF MARKET DETERMINANTS

10.3.4. DATA COLLECTION

10.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1:       LATIN AMERICA MULTIPLEX ASSAY MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2:       VENDOR SCORECARD

TABLE 3:       CONTRACTS AND PARTNERSHIPS

TABLE 4:       LIST OF BUSINESS EXPANSIONS, ANNOUNCEMENTS, & DIVESTITURES

TABLE 5:       ACQUISITIONS & MERGERS

TABLE 6:       LIST OF NEW PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 7:       LATIN AMERICA MULTIPLEX ASSAY MARKET, BY PRODUCT AND SERVICE, 2021-2028 (IN $ MILLION)

TABLE 8:       LATIN AMERICA MULTIPLEX ASSAY MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 9:       LATIN AMERICA MULTIPLEX ASSAY MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 10:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)

TABLE 11:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY INDUSTRY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 12:     LATIN AMERICA MULTIPLEX ASSAY MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1:     LATIN AMERICA MULTIPLEX ASSAY MARKET 2021-2028 (IN $ MILLION)

FIGURE 2:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY PRODUCT AND SERVICE, 2020 & 2028 (IN %)

FIGURE 3:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY REAGENTS AND CONSUMABLES, 2021-2028 (IN $ MILLION)

FIGURE 4:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY INSTRUMENTS AND ACCESSORIES, 2021-2028 (IN $ MILLION)

FIGURE 5:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY SOFTWARE AND SERVICES, 2021-2028 (IN $ MILLION)

FIGURE 6:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 7:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY PROTEIN-BASED MULTIPLEX ASSAY, 2021-2028 (IN $ MILLION)

FIGURE 8:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY NUCLEIC ACID-BASED MULTIPLEX ASSAY, 2021-2028 (IN $ MILLION)

FIGURE 9:     LATIN AMERICA MULTIPLEX ASSAY MARKET, BY OTHER MULTIPLEX ASSAYS, 2021-2028 (IN $ MILLION)

FIGURE 10:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY APPLICATION, 2020 & 2028 (IN %)

FIGURE 11:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY RESEARCH AND DEVELOPMENT, 2021-2028 (IN $ MILLION)

FIGURE 12:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY CLINICAL DIAGNOSTICS, 2021-2028 (IN $ MILLION)

FIGURE 13:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY COMPANION DIAGNOSTICS, 2021-2028 (IN $ MILLION)

FIGURE 14:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)

FIGURE 15:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY MULTIPLEX PROTEIN MICROARRAY, 2021-2028 (IN $ MILLION)

FIGURE 16:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY MULTIPLEX PCR, 2021-2028 (IN $ MILLION)

FIGURE 17:  ADVANTAGES OF IMMUNOHISTOCHEMISTRY (IHC)

FIGURE 18:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY OTHER TECHNOLOGIES, 2021-2028 (IN $ MILLION)

FIGURE 19:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY INDUSTRY VERTICALS, 2020 & 2028 (IN %)

FIGURE 20:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, 2021-2028 (IN $ MILLION)

FIGURE 21:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY RESEARCH INSTITUTES, 2021-2028 (IN $ MILLION)

FIGURE 22:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY CLINICAL LABORATORIES, 2021-2028 (IN $ MILLION)

FIGURE 23:  LATIN AMERICA MULTIPLEX ASSAY MARKET, BY HOSPITALS, 2021-2028 (IN $ MILLION)

FIGURE 24:  BRAZIL MULTIPLEX ASSAY MARKET 2021-2028 (IN $ MILLION)

FIGURE 25:  MEXICO MULTIPLEX ASSAY MARKET 2021-2028 (IN $ MILLION)

FIGURE 26:  REST OF LATIN AMERICA MULTIPLEX ASSAY MARKET 2021-2028 (IN $ MILLION)

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