Microarrays comprise of DNA fixed to solid surfaces and help in providing pharmaceutical firms with a means to recognize drug targets. Market intense reports linked to the healthcare industry amid others recently have been made available by Market Research Future which issues reports on this industry. The market is anticipated to develop at a CAGR 9.8 percent during the forecast period.
In the future, this technology will aid physicians to decide the most effective drug treatments for individual patients. As microarrays can analyze the expression of many genes in a single reaction quickly and in an efficient manner, they are being increasingly employed leading to the growth of the market. The market is also motivated by the rising prevalence of cancer and intensifying need of research in pharmaceutical industries. Additionally, increasing occurrence of varied chronic diseases, development in genetics and growing healthcare expenditure have raised the scope of development of the market.
Microarray Analysis Market – Key Players
Some major market players in Global Microarray Marker are as follows: Affymetrix, Inc., Agilent Technologies, Inc., Sequenom, Inc., Roche NimbleGen, Illumnia, Inc., and Applied Microarrays. Other companies operating in the global microarrays market are biome rieux SA, Discerna, Gyros AB, Luminex Corporation, NextGen Sciences PLC. And ProteoGenix.
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Microarray Analysis Market – Segmentation
The Global Microarray Analysis Market is segmented into consumables, application, technology, services and end users. On the basis of technology, the segmentation of the market includes PCR, DNA microarray, NGS, northern blotting, SAGE and others. The consumables-based segmentation of the market is segmented into DNA microarrays, DNA chips, protein microarrays, chemical compound microarrays, cellular microarrays, antibody microarrays and others. The segment based on services of the market consists of bioinformatics, gene profiling and others. The applications segment of the market is segmented into drug discovery, research, diagnostic and others.
Industry Updates
Mar 2018: foil-based measuring chip which uses the microarray analysis platform MCR has been used in an outbreak of Legionnaires’ disease, finding the exact source as quickly as possible is essential to preventing further infections. The system can be successfully positioned for environmental hygiene as well as clinical diagnostics in combination with a second, a DNA-based method; the system can even distinguish between dead and living Legionella pathogens.
Drivers and Constraints Impacting the Market:
With the growing focus on drug discovery and development, increasing prevalence of genetic disorders coupled with growing demand for personalized medicines, the global market is likely to trigger during the forecast period. Microarray analysis is used to understand gene patterns in tumors and also detect cancer biomarker. Thus, the growing prevalence of cancer along with rising investment for cancer research is estimated to fuel the market growth.
On the flip side, high cost associated with diagnosis, inaccurate results, and contamination is estimated to inhibit the market growth in the coming years.
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Microarray Analysis Market – Regional Analysis
The regional analysis of the market includes regions such as APAC, North America, Latin America, Europe, Middle East and Africa. The Americas are accredited with a major share in the microarray analysis market globally due to the occurrence of a well-developed healthcare sector and government support for research & development. The European region is another major market for microarray analysis which is followed by the Asia Pacific region. The existence of huge cancer population and rising need for improved diagnostic treatment has driven the European market. Japan majorly occupies the Asia Pacific microarray analysis market. China and India are the rapidly developing markets for microarray analysis. The Middle East & Africa region have the smallest share of this market.
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