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.
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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.
Market Scope:
One of the report’s central components is the broad Microarray Market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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Competitive Outlook:
The global Microarray market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Microarray market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies operating in the global market include 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.
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
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
Key Questions Addressed in the Report:
Who are the leading players in the Microarray industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Microarray?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
