Global Microarray Analysis Market: By Product& Services (Consumables, Software and Services, Others), By Type (DNA Microarrays, Protein Microarrays), By Application (Drug discovery, Disease Diagnostic, Research Applications), By End User (Research and Academic Institutes, Pharmaceutical and Biotechnology Companies, Diagnostic Laboratories), and by Region (Americas, Europe, Asia-Pacific, and Middle East & Africa)—Forecast till 2027
Market Highlights
According to MRFR analysis, the global microarray analysis market is expected to register a CAGR of 7.76% from 2020 to 2027 and hold a value of USD 6,607.64 million by 2027.
The global microarray analysis market is driven by several factors, such asthe increasing prevalence of cancer and the rising need for research in pharmaceutical industries. In addition, growing prevalence of different chronic diseases,increasing healthcare expenditure, use of this technique to diagnose infectious diseases, development in the field of genetics, are also driving the market.
The key players have adopted the strategy ofproduct launches,acquisitions, and signing contracts and agreements for expandingthe regional reach and optimized operational costs. For instance, in August 2019, Agilent Technologies acquired Lionheart Technologies LLC ("BioTek"), a recognized player globally in designing, manufacturing, and distributing innovative life science instrumentation. Its comprehensive product line includes microplate readers, cell imaging systems, washers, automated incubators,dispensers, and stackers.
Segment Analysis
The global microarray analysis market is segmented based on product & services, type, application, and end user. The global market based on the product & services has been segmented into consumables, software & services, and instruments. By type, the global microarray analysis markethas been segmented into DNA microarrays, protein microarrays, and others. On the basis of application, the market has been segmented into drug discovery, disease diagnostic, research applications, and others. The market for the global microarray analysis, by end user, is bifurcated into research and academic institutes, pharmaceutical and biotechnology companies, diagnostic laboratories, and others.
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Regional Analysis
The global microarray analysis market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
On regional basis, the Americas is anticipated to dominate the global microarray analysis market.The Americas accounted for the largest market share in 2019 and is likely to continue to command the market during the forecast period due to the increasing adoption of new technologies and the presence of major players in the region. The North America market comprises the US and Canada. The increasing prevalence of cancer and the growthin funding for research and development in this region are key factors supporting the growth of the microarray analysis market in North America. For instance, in 2019, the National Institute of Cancer received funding of around USD 42.1 for cancer research.
On the other hand, Europe is expected to hold the second-largest position in the global microarray analysis marketdue tothe highly developed healthcare industry, prominent research & development infrastructure, and accessibility of products.
Asia-Pacific is anticipated to be the second-fastest-growingmarket globally due to the rising geriatric population and increasing prevalence of chronic diseases like cancer, which led to the adoption of precision medicines. Microarrays are used for the analysis of genome sequencing in precision medicine.
The Middle East & Africa microarray analysis market is segmented into the Middle East and Africa. The Middle East & Africa is expected to depict the least share in the market throughout the forecast period due to underdeveloped research, lack of awareness among consumers, and low disposable income facilities in African countries.
Key Findings of the Study
- The global microarray analysis market is estimated to reach USD 6,607.64 million by 2027 at a CAGR of 7.76% during the assessment period of 2020 to 2027.
- Americas accounted for the largest market share in 2019 and is likely to continue to command during the forecast period. This is attributed to the increasing adoption of new technologies and the presence of major players in the region.
- Based on productand services, theconsumablessegment accounted for the largest market share of 51.40% in 2019.
- On the basis of type,the DNA microarrays segment accounted for the largest market share of 45.17% in 2019 and is anticipated to reach USD 2,975.64 million by 2027.
- Based on application, the research application segment accounted for the largest market share of 41.06% in 2019.
- On the basis of end users, the research and academic institutes segment accounted for the largest market share of 42.68% in 2019.
Some of the key players operating in the microarray analysismarket are Agilent Technologies (US), Bio-Rad Laboratories (US),Illumina, Inc. (US),Thermo Fisher Scientific (US), and PerkinElmer, Inc (US).
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Microarray Analysis Market Research Report: By Technology (DNA Microarray, PCR, NGS, SAGE, and Northern Blotting), By Consumables (DNA Chips, DNA Microarrays, Protein Microarrays, Cellular Microarrays, Chemical Compound Microarrays, Antibody Microarrays and others), By Services (Gene Profiling and Bioinformatics) and By Applications (Research, Drug Discovery and Diagnostic) - Global Forecast till 2027Abcam, Asterand Bioscience, IHC World, LLC, Novus Biologicals Llc (Acquired By Bio-Techne), Origene Technologies, Inc, Pantomics, Inc, Protein Biotechnologies Inc, US Biomax, Inc, Agilent Technologies, Illumina, Thermo Fisher Scientific, Merck are some of the prominent players at the forefront of competition in the Global Microarray Analysis Market and are profiled in MRFR Analysis.
It is a 2D array on a solid substrate, usually a glass slide or silicon thin-film cell, that assays large amounts of biological material using high-throughput screening miniaturized, multiplexed and parallel processing and detection methods.The concept and methodology of microarrays was first introduced and illustrated in antibody microarrays in 1983.
The DNA molecules attached to each slide act as probes to detect gene expression, which is also known as the transcriptome or the set of messenger RNA (mRNA) transcripts expressed by a group of genes.
But in the near future, as the research in this field progresses, tissue microarray will play an integral part in the diagnostic techniques in the field of cancer research and diagnosis.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/777Market Gaps:Tissue microarray is relatively new technique and a lot of research in tissue microarray is still going on.
As the results are not reliable, it creates a hindrance in the growth of the tissue microarray method.Besides this, microarrays are not recommended for certain types of studies.
In certain tumours such as glioblastoma, there is such marked heterogeneity within tumours that this feature may not be adequately captured in microarray studies.In addition, microarray analysis is not very useful to study rare or focal events, such as number of immune cells in tumours.
UpMarketResearch offers a latest published report on “Global DNA Microarray Market Industry Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/1858 The scope of the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
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Region-wise Analysis Global DNA Microarray Market covers: • North America • Europe • China • Japan • Southeast Asia • India The Report covers in-depth analysis as follows: • Chapter 1 DNA Microarray Market Overview • Chapter 2 Global Economic Impact on DNA Microarray Industry • Chapter 3 Global DNA Microarray Market Competition by Manufacturers • Chapter 4 Global DNA Microarray Production, Revenue (Value) by Region (2013-2018) • Chapter 5 Global DNA Microarray Supply (Production), Consumption, Export, Import by Regions (2013-2018) • Chapter 6 Global DNA Microarray Production, Revenue (Value), Price Trend by Type • Chapter 7 Global DNA Microarray Market Analysis by Application • Chapter 8 Global DNA Microarray Manufacturers Analysis • Chapter 9 DNA Microarray Manufacturing Cost Analysis • Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers • Chapter 11 Marketing Strategy Analysis, Distributors/Traders • Chapter 12 Market Effect Factors Analysis • Chapter 13 Global DNA Microarray Market Forecast (2018-2023) Gain Full Access of DNA Microarray market industry analysis & forecast 2018-2023 along with complete TOC @ https://www.upmarketresearch.com/reports/Global-DNA-Microarray-Industry-Market-Analysis-Forecast-2018-2023 “Global DNA Microarray Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
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The global microarray market size is expected to reach USD 7.44 billion by the year 2026, growing at a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Market drivers propelling market growth include a global rise in cancer cases and a wide range of applications of microarrays in sequencing, genome mapping, personalized medicines, and others.
A rise in global R investments is also key in propelling growth as this would lead to a rise in the use of microarrays for research purposes to advance and improve in healthcare.Microarrays have a wide range of applications such as research applications, drug discovery, disease diagnosis, genomic and proteomic research, plant and food research, agricultural research, among other applications.
Recent advances in proteomics and genomics coupled with human genome sequencing have led to an increase in several screenable drug targets.
According to a report published by PNAS (Proceedings of the National Academy of Sciences of the United States of America), a miniature 3D cell culture microarray has been developed for high throughput toxicological assays.The introduction of various types of array platforms offered by leading companies is also another factor anticipated to boost market potential.
For instance, R Systems, a biological products company offers proteome profiler antibody array, a protein microarray used to measure over 119 proteins in one sample.
With the use of this product, laboratory technicians do not need any specialized equipment additionally eliminating the need for western blot experiments.In recent years, large scale market players have collaborated with small and medium scale companies to expand their existing product portfolio and geographical presence.
