Pharmaceutical & biotechnology companies allocate significant resources for drug discovery & development. The increasing prevalence of chronic diseases is increasing the need for the development of novel therapies, thus focus on drug discovery is increasing. Multiplex assays have become increasingly important in maintaining precision and accuracy in drug research and development and reducing the time required for research purposes.

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Multiplex Assays Market Size, Share, Forecast, & Trends Analysis

“Meticulous Research® forecasts the multiplex assays market is expected to reach $6.80 billion by 2031 at a CAGR of 8.9% from 2024 to 2031.