The global microarray market size was USD 3.99 Billion in 2021 and is expected to register a revenue CAGR of 8.31% during the forecast period, according to latest analysis by Emergen Research. Increasing use of microarrays for diagnosis of genetic disorders and infectious diseases is a crucial factor driving market revenue growth.
Microarray is a key technology used in molecular biology for early detection of cancer, such as breast cancer and ovarian cancer by detecting mutations in genes, which may give rise to the disease. Rising incidence of breast cancer is a major factor contributing to revenue growth of the market.
According to statistics of World Health Organization (WHO), around 2.3 million women were diagnosed with breast cancer and 685,000 patients died globally because of cancer, in 2020. DNA microarrays enable easy and early detection of mutated genes, therefore allowing patients to obtain early treatment, which is increasing demand for system. Recently, researchers have developed coronavirus variant-based microarray platforms for estimating efficacy of vaccines developed against pathogen. Antibody epitopes against SARS-CoV-2 have also been mapped using this molecular biology technique, which is increasing its adoption and is expected to significantly contribute to revenue growth of the market between 2022 and 2030.
The report emphasizes the demands and ongoing trends of the global Microarray market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
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The global Microarray market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Merck KGaA, PerkinElmer Inc., Arrayit Corporation, Illumina, Inc., Bio-Rad Laboratories, Inc., RayBiotech Life, Inc., Full Moon BioSystems, Inc., and CapitalBio Technology Co., Ltd.
To offer more clarity on the current business environment researchers probe into the import and export status, supply chain management, demand and supply, consumption capability and manufacturing capacity. When assessing the size of the industry special consideration is given to the value and volume of the products and services offered on a year on year basis.
Emergen Research has segmented the global microarray market based on type, product, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019-2030)
- DNA Microarray
- cDNA Microarray
- BAC Microarray
- SNP Microarray
- Oligo Microarray
- Protein Microarray
- Analytical Protein Microarray
- Functional Protein Microarray
- Reverse-Phase Protein Microarray
- Peptide Microarray
- DNA Microarray
- Product Outlook (Revenue, USD Billion; 2019-2030)
- Consumables
- Software and Services
- Instruments
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Disease Diagnosis
- Cancer Genome Analysis
- Drug Discovery
- Genome Sequencing
- Expression Analysis
- Toxicological Research
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Pharmaceutical Industry
- Biotechnology Industry
- Academic and Research Laboratories
- Diagnostic Centers
- Others
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Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The global Microarray market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
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