Microarray Analysis Market Overview:
The size of the Global Microarray Analysis Market was estimated at USD 3.90 billion in 2022, and over the forecast period, it is expected to increase at a CAGR of 8.7%. Basic molecular biology, toxicological response profiling, pharmaceutical target screening, and biomarker identification are among the fields in which microarrays are being employed more and more.
Molecular biology's state-of-the-art technique for concurrently detecting the expression of several genes is the microarray. The design of an assay is easy, quick, precise, and economical. Many different types of micro-molecules, such as DNA, RNA, proteins, enzymes, carbohydrates, and tissues, can be studied using microarray technology. Applications include enzyme activity, route discovery, biomarker profiling, gene expression profiling, molecular interactions, and mutations. Microarray technology is utilized in basic science, clinical research, and diagnosis.
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Notwithstanding the promising trend, obstacles like the expensive price of microarray tests and the difficulty in managing vast amounts of transcripts that have been evaluated could prevent expansion. Customer preferences may be affected by variables such as low repeatability, specificity, accuracy, and precision of microarray setups as well as sensitivity to changes in hybridization temperature. Additionally, the flexibility of microarrays is limited by their reliance on pre-existing genetic sequence data.
The incorporation of omics technologies is a prominent trend influencing the market. In order to analyse data more thoroughly, this entails integrating microarray analysis with developments such as bioinformatics and Next-Generation Sequencing (NGS). Leading companies in the industry, Illumina and Soma Logic, have partnered to improve the Soma Scan Proteomics Assay with Illumina's high-NGS platforms, offering greater genomic insight.
Microarray Analysis Market Growth Factors:
The market for DNA microarrays is expanding rapidly due to the increasing desire for personalized medicine, and DNA microarrays are essential in this regard. They play a crucial role in pinpointing genetic markers associated with illnesses, enabling accurate treatment choices catered to the unique genetic makeup of each patient.
The significance of the market is highlighted by the rising incidence of genetic disorders. The management of these illnesses depends on prompt detection and early action, which is why DNA microarrays have become popular for diagnostic use.
Microarray technology's applicability has expanded across numerous study disciplines due to ongoing technological developments that have improved its sensitivity and accuracy. Last but not least, joint initiatives by academic institutions, healthcare providers, and industrial players are encouraging innovation and boosting market expansion.
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Microarray Analysis Market – Segmentation:
The Microarray Analysis Market by Type is categorized into:
- DNA Microarrays
- Protein Microarrays
- Others
The Microarray Analysis Market by Application is segregated into:
- Research Applications
- Drug Discovery
- Disease Diagnostics
- Others
The Microarray Analysis Market by Product is categorized into:
- Instruments
- Consumables
- Software
Regional Analysis of the Microarray Analysis Market:
North America dominated the global microarray analysis market in 2019. The North American region is associated with a high adoption rate of technological innovations for the defence of an individual's health against various ailments. The development of effective procedures and drugs has led to an increase in the necessity for microarray techniques in the North American region. The remarkable advancement in personalized medicine is one of the factors propelling the growth of the microarray analysis business in this region.
Key players in the microarray analysis market
- Applied Microarrays, Inc.
- Danaher Corporation
- Agilent Technologies, Inc.
- Illumina, Inc.
- PerkinElmer Inc.
- Bio-Rad Laboratories, Inc.
- Microarrays Inc.
- and Array It Corporation.
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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 2027Market HighlightsAccording 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.
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 AnalysisThe 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.
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.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/777Regional AnalysisThe 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.
It is a practical and effective tool for high-throughput molecular analysis of tissues that is helping to identify new diagnostic and prognostic markers and targets in human cancers, and has a range of potential applications in basic research, prognostic oncology and drug discovery.
The growing need of targeted treatments for various chronic diseases like cancer, genetic diseases, among others has boosted the growth of the market.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/1213According to a recent study report published by the Market Research Future analysts, the global tissue microarray market is growing at a double digit growth rate; mainly due to the increasing application of tissue microarray in drug discovery and oncology, automated analysis of results and influence of technology are some of the major factors that fosters the growth of global tissue microarray market.
Moreover, wide application of tissue microarray in pathology is another factor which is impelling the growth of tissue microarray market.On the other hand tissue microarray may not be fruitful for heterogeneous cancers and the sample may not represent the entire tumour which may hamper the market growth.
Global Tissue Microarray Market - Competitive AnalysisAbcam plc (U.K), Externautics (Italy), Asterand Bioscience (U.S), Auria Biopankki (Finland), US Biomax Inc. (U.S), Protein Biotechnologies Inc. (U.S), OriGene Technologies Inc (U.S), Novus Biologicals, LLC (U.S) and OriGene Technologies Inc.(U.S) are some of the prominent players at the forefront of competition in the global tissue microarray market and are profiled in MRFR Analysis.
The American market for tissue microarray holds the largest share and it comprises of two regions namely North America and South America.
According Centers for Disease Control and Prevention, each year more than 1.5 million cases of cancer are diagnosed, including about 15,000 cases among children younger than 20 years, and more than 590,000 deaths from cancer.
