The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Multiplex Biomarker Imaging Global Market Report 2024, the multiplex biomarker imaging market is expected to show promising growth in the forecast period.

Market Overview

• Recent Growth: The multiplex biomarker imaging market has grown from $0.44 billion in 2023 to $0.49 billion in 2024, at a CAGR of 10.7%.
• Future Projection: Expected to reach $0.74 billion by 2028, with a CAGR of 10.8%.

Factors Driving Market Growth

• High Incidence of Cancer: Increasing cases of cancer necessitate precise diagnostic tools.
• Prevalence of Chronic Diseases: Rise in chronic diseases demands better management and diagnostic methods.
• Aging Population: Older populations require more comprehensive healthcare solutions.
• Shift to Personalized Medicine: Tailored treatments increase the need for detailed biomarker imaging.

Future Growth Drivers

• Personalized Medicine Emphasis: Growing focus on personalized treatments.
• R&D Activities: Increased research and development efforts.
• Clinical Trials: Surge in clinical trials boosts the demand for high throughput screening methods.
• Regulatory Support: Favorable regulatory frameworks and guidelines aid market expansion.

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Trends in Multiplex Biomarker Imaging

Technological Advancements

• Innovations in Imaging: Cutting-edge imaging technologies are enhancing diagnostic accuracy.
• Digital Pathology Advances: Developments in digital pathology improve disease analysis.
• AI and Machine Learning: Integration with imaging technologies offers advanced analytical capabilities.

Data Analysis Improvements

• Enhanced Software: Advances in imaging software streamline data interpretation.
• High-Throughput Methods: New methods in drug discovery and diagnostics improve efficiency and outcomes.

Rising Chronic Disease Prevalence

Impact on Market

• Chronic Diseases: Persistent and complex health conditions drive the need for advanced diagnostic tools.
• Aging Population: Increased aging population leads to a higher prevalence of chronic illnesses.
• Better Disease Management: Improved treatment and management practices increase demand for biomarker imaging.

Statistical Insight

• NIH Report: By 2050, people aged 50+ with at least one chronic illness are expected to rise by 99.5%, from 71.52 million in 2020 to 142.66 million.

Key Players in the Market

• Leading Companies: Major players include Merck KGaA, Thermo Fisher Scientific Inc., Danaher Corporation, Becton Dickinson and Company (BD), Carl Zeiss AG, Illumina Inc., PerkinElmer Inc., and others.

Innovations in Multiplex Biomarker Imaging

Advanced Imaging Solutions

• Automated Slide Loaders: Enhance throughput and reduce hands-on time.
• Standard BioTools Inc.: Launched the Hyperion XTi Imaging System with high-throughput multiplexed whole slide imaging.

Breakthrough Technologies

• Imaging Mass Cytometry (IMC): Offers up to 10 times higher throughput than traditional methods.
• High-Throughput Imaging: Novel automated slide loaders facilitate efficient and standardized imaging.

Strategic Mergers

Calyx and Invicro Merger

• Creation of a Global Leader: The merger of Calyx and Invicro in March 2024 combines expertise to redefine medical imaging solutions.
• Customer Proposition: Provides broad support for the biopharma industry, from large pharma companies to specialty biotech firms.

Market Segmentation

Component Type

• Instruments
• Software
• Services

Imaging Techniques

• Immuno Fluorescence (IF) Assay
• Tissue Microarray (TMA) Assay
• Immunohistochemistry (IHC) Assay
• Fluorescent In Situ Hybridization (FISH) Assay
• Toponome Imaging System (TIS)

Application

• Drug Safety
• Oncology Studies
• Genetic Characterization Studies

End User

• Research Institutes (Government and Private)
• Clinical Labs
• Pharmaceutical and Biotechnology

Regional Insights

Largest and Fastest-Growing Regions

• North America: Largest region in the multiplex biomarker imaging market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

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