Advancements in DNA microarray techniques, growing prevalence of various diseases, and increasing need for rapid and accurate diagnosis are key factors fueling global market growth
The global DNA microarray market size is expected to reach USD 8677.7 Million by 2028 and register a CAGR of 12.6%, according to the latest report by Reports and Data. Rising prevalence of cancer, growing adoption of DNA microarray technology in various applications such as cancer research, genetic disease diagnosis, and personalized medicine are key factors driving global market revenue growth.
DNA microarray is a laboratory tool used for measuring patterns of several genes simultaneously. It is a collection of microscopic DNA spots that are attached to a solid surface that aid in measuring expression of large number of genes at once. These microarrays are extensively used in gene expression, early-stage cancer detection, and drug discovery. The DNA microarray market is gaining significant traction in recent years. Increasing applications of DNA microarray technique, rapid growth in genomics and medical sector, rising prevalence of several chronic diseases and growing adoption of microarray techniques to detect various infectious diseases is boosting demand for DNA microarray across the world. Factors such as growing adoption of genetic testing, rising research and development activities in pharmaceutical and biotechnology sector, and rapid developments in healthcare infrastructure and facilities are boosting market growth. Moreover, increasing investments by leading players to develop more efficient and enhanced DNA microarrays is expected to boost growth of the global DNA microarray market during the forecast period. In addition, growing focus on R&D in cancer is projected to open lucrative opportunities for key players going ahead.
Key companies profiled in the report include
Illumina, Affymetrix, Biometrix Technology, Arrayit, Sengenics, WaferGen, Applied Microarrays, Savyon Diagnostics, Scienion AG, Gyros AB, Agilent Technologies, Roche NimbleGen Inc., ProteoGenix, NextGen Sciences, Discerna, and Luminex Corporation
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the DNA Microarray market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
DNA Microarray Market Segmentation based on Types:
Type Outlook (Revenue in USD Million, 2018–2028)
Application Outlook (Revenue in USD Million, 2018–2028)
End-Use Outlook (Revenue, USD Million, 2018 – 2028)
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