Market Overview

Global $5.52Bn Microarray Analysis Market by Product & Service, Type, Application, End-User, and Region - Forecast to 2023 - ResearchAndMarkets.com

Share:

The "Microarray
Analysis Market by Product & Service (Consumables, Instrument, Software,
Services), Type, Application (Research), End User (Diagnostic
Laboratories, Pharmaceutical & Biotechnology Companies) - Global
Forecast to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The microarray analysis market is expected to reach USD 5.52 billion by
2023 from USD 3.82 billion in 2018, at a CAGR of 7.6%.

The major factors driving the growth of this market are the growing
application areas of microarrays, increasing incidence of cancer, and
increasing funding for genomic and proteomic research. On the other
hand, the emergence of NGS as an effective alternative to the microarray
technology could hinder market growth to a certain extent.

On the basis of end users, the microarray analysis market has been
segmented into research and academic institutes, diagnostic
laboratories, pharmaceutical and biotechnology companies, and other end
users. In 2018, the research and academic institutes segment is
projected to account for the largest share of the microarray analysis
market. The large share of this segment is primarily attributed to the
increasing funding and growing initiatives by governments to support
academic genomic and proteomic research projects.

Based on the type, the microarray analysis market is segmented into DNA
microarrays, protein microarrays, and other microarrays. The DNA
microarray segment is expected to grow at the fastest rate during the
forecast period due to the use of DNA microarrays in various
applications such as drug discovery, genomic and cancer research,
personalized medicine, genetic disease diagnosis, and various diseases.

Market Dynamics

Drivers

  • Increasing Incidence of Cancer
  • Growth in Funding for Genomic and Proteomic Research
  • Growing Application Areas of Microarrays

Opportunities

  • Use of Microarrays in Personalized Medicine

Challenges

  • Growing Adoption of Next-Generation Sequencing

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Microarray Analysis Market, By Product & Service

7 Microarray Analysis Market, By Type

8 Microarray Analysis Market, By Application

9 Microarray Analysis Market, By End-User

10 Microarray Analysis Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Agilent Technologies
  • Arrayit Corporation
  • Bio-Rad Laboratories
  • GE Healthcare
  • Illumina
  • Merck KGaA
  • Microarrays, Inc.
  • Molecular Devices (A Subsidiary of Danaher)
  • Perkinelmer, Inc.
  • Thermo Fisher Scientific

For more information about this report visit https://www.researchandmarkets.com/research/6j3878/global_5_52bn?w=4

View Comments and Join the Discussion!