Microarray Analysis Market: Overview
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. Microarrays are increasingly used in basic molecular biology, toxicological response profiling, pharmacological target screening, as well as biomarker identification. They have a wide range of uses. The success of this technique over the past several years is due to microarrays’ capacity to enable the simultaneous investigation of thousands of genes. Another factor projected to fuel market expansion over the forecast period is the increase in the use of microarrays in various applications. 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.
Click Here, Download a Free Sample Copy of this Market: https://wemarketresearch.com/sample-request/microarray-analysis-market/628/
Growth Factors
The largest driver of the market for microarray analysis, a new potent technique for examining the molecular basis of interactions in cancer research, has been the increased incidence of hereditary and chronic disorders like cancer. Lung, prostate, colorectal, stomach, and liver cancer are the most prevalent types of cancer in males, whereas breast, colon cancer, lung, cervical, and thyroid cancer are the most prevalent in women. Microarray analysis helps to test the presence of a particular marker in tumors and supports the pharmacological approach for treating a number of disorders that include oral lesions. Additionally, because bacterial genomic DNA typically outlives bacterial viability, the application of microarray analysis has shown to be successful in antibiotic treatment.
Market Trends
• One of the major drivers of market growth is the increase in cancer incidence around the world.
• The government-sponsored genomic and proteomic research projects, as well as the expanding use of microarrays, are the main market-driving factors. To detect DNA mutations, microarray analysis is mostly utilized in toxicological screening, biomarker identification, and pharmaceutical screening.
• 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.
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
In 2019, the Global Microarray Analysis Market was dominated by North America. The high adoption of technical breakthroughs for the protection of a person’s health from various ailments is linked to the North American region. The need for microarray techniques is growing in the North American region due to the development of efficient methods and medications. One of the elements driving the expansion of the microarray analysis industry in this region is the tremendous advancement in personalized medicine.
Key Market players
The major players in the market are: 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.
Report scope
Global Microarray Analysis Market: Historical Years- 2018-2021
Global Microarray Analysis Market: Forecast Years- 2022-2030
Global Microarray Analysis Market 2022- USD 3.90 billion
Global Microarray Analysis Market CAGR- 8.7%
Get A Report Copy of this Market: https://wemarketresearch.com/reports/microarray-analysis-market/628/
Key Questions Answered in the Report:
- What will be the development pace of market? What is the growth rate of the global market?
- Who are the key manufacturers in the market space? Who are the world’s leading manufacturers?
- What are sales, revenue, and price analysis of the top manufacturers of market?
- Who are the distributors, traders, and dealers of market? What are the key factors driving the Global market?
- What are the market opportunities and threats faced by the vendors in the industries?
- What are deals, incomes, and value examinations by types and applications of the market?
- What are the primary factors driving market?
- What are the market’s advantages, disadvantages, and risks, as well as an overview of the market?
- Who are the Top Manufacturers in the Market in Terms of Sales, Revenue, and Price Analysis?
- Analysis of Industry Revenue, Sales, and Pricing, what is the difference between Equipment by region, type, and application?
