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Germany Multiplex Assay Market Forecast 2021-2026

KEY FINDINGS

The Germany multiplex assay market is projected to register a CAGR of 8.90% over the forecast years. The developments within the pharmaceutical industry, as well as the partnerships and collaborations of clinical trials, are among the key factors associated with the market growth of the country. While the base year considered for the market study is 2020, the estimated period is from 2021 to 2026.

MARKET INSIGHTS

Multiplex assays deliver convenient, automated, and faster disease analysis, as compared to traditional methods. Moreover, they are largely used for mutation analysis, pathogen identification, gene detection analysis, forensic studies, RNA detection, linkage analysis, and others. Germany is one of the leading destinations for pharmaceutical research and development (R&D) globally. According to the 2019 report by the European Federation of Pharmaceutical Industries and Associations (EFPIA), the country invested approximately EUR 6,918 million in pharmaceutical R&D in 2017. Hence, these aspects result in an increasing number of drug discoveries and developments, playing a vital role in fueling the country's demand for digital PCR technology. Furthermore, extensive research activities across the German pharmaceutical industry are set to fuel the usage of digital PCR, as well.

On the other hand, the government of Germany provides infrastructural support for domestic and foreign multinational companies in order to establish new manufacturing centers and expand existing R&D sites. Therefore, the abovementioned factors are evaluated to fuel the multiplex assay market growth in the country over the forecasting period.

COMPETITIVE INSIGHTS

Some of the leading enterprises operating in the market are Siemens Healthineers AG, Agilent Technologies Inc, Qiagen NV, etc.

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Germany Multiplex Assay Market Forecast 2021-2026
Published By :Inkwood Research
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