The global microarray market size was valued at USD 3.90 billion in 2022 and is anticipated to grow at a CAGR of 8.7% during the forecast period. Basic molecular biology, toxicological response profiling, pharmaceutical target screening, and biomarker identification all make growing use of microarrays. They are used for a variety of things. The ability of microarrays to allow the simultaneous analysis of thousands of genes has contributed to this technique’s popularity over the past several years. The increased use of microarrays in various applications is another factor expected to support market growth over the forecast period. For example, the use of microarray analysis in antibiotic therapy has shown to be successful since, in most cases, bacterial genomic DNA outlives the survival of bacteria. In these situations, a DNA microarray is typically employed since a diagnosis may be made with a tiny bit of DNA rather than the greater amount of bacteria required for culturing. The preferred technique for determining gene expression has recently been the use of DNA-based microarrays.
Microarray Analysis Market – Growth Factors
The rising prevalence of inherited and chronic diseases like cancer has been the main driver of the market for microarray analysis, a new powerful approach for analyzing the molecular basis of interactions in cancer research. Males are more likely to develop lung, prostate, colorectal, stomach, and liver cancer than females, who are more likely to develop breast, colon, lung, cervical, and thyroid cancer. Microarray analysis supports the pharmaceutical approach for treating a number of ailments, including oral lesions, and aids in testing the existence of a specific marker in malignancies. Additionally, the use of microarray analysis in antibiotic treatment has been successful since bacterial genomic DNA often outlives bacterial viability.
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Microarray Analysis Market – Market Trends
- One of the major drivers of market growth is the increase in cancer incidence around the world.
- The primary market-driving factors are the government-sponsored genomic and proteomic research projects, as well as the rising use of microarrays. Microarray analysis is mostly used in toxicological screening, biomarker discovery, and pharmaceutical screening to find DNA alterations.
- In 2021, North America held the greatest market share. Due to the fact that the governments of the United States and Canada are consistently increasing the funds they provide for cancer research, it is anticipated to experience a significant increase during the forecast period.
Top Key Players of Global Microarray Analysis Market:
Thermo Fisher Scientific Inc.
Agilent Technologies, Inc.
Illumina, Inc.
PerkinElmer Inc.
Bio-Rad Laboratories, Inc.
Danaher Corporation
Applied Microarrays, Inc.
Merck KGaA
Microarrays Inc.
Arrayit Corporation
The 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
Microarray Analysis Market on the basis of the Deployment model, the market is categorized into:
- On-Premises
- Cloud
Microarray Analysis Market on the basis of the Component, the market is categorized into:
- Hardware
- Software
- Services
Microarray Analysis Market on the basis of the Application, the market is classified into:
- Cryptography
- Simulation
- Parallelism
- Machine Learning
- Algorithms
- Others
Microarray Analysis Market on the basis of the Logic gates, the market is divided into:
- Toffoli Gate
- Hadamard Gate
- Pauli Logic Gates
- Others
Microarray Analysis Market on the basis of the Industries, the market is segmented into:
- Banking and Finance
- Healthcare and Pharmaceuticals
- Defense
- Automotive
- Chemical
- Utilities
- Others
Market Segmented by Region:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, Australia, Malaysia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Objectives of the Study:
- To provide with an exhaustive analysis on the Microarray Analysis Market by Product, By Application, By End User and by Region.
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
