Microarray Analysis Market: Growth Trends, Structure, Drivers, Scope And Challenges
Microarray Analysis Market Research Report, Size, Growth and Industry Trends, Analysis By Technology (DNA Microarray, PCR, NGS, SAGE, and Northern Blotting), By Consumables (DNA Chips, DNA Microarrays, Protein Microarrays, Cellular Microarrays, Chemical Compound Microarrays, Antibody Microarrays and others), By Services (Gene Profiling and Bioinformatics) and By Applications (Research, Drug Discovery and Diagnostic) - Global Forecast till 2023
Microarray Analysis Market Overview:
global microarray analysis market is expected to grow at a CAGR 9.8% during the forecast period 2017-2023.
A microarray can be defined as a multiplex lab-on-a-chip that has a two-dimensional array on a solid substrate to perform tests for various end users. It enables researchers to investigate and address subjects that were often counted as non-traceable. The process allows quick analysis of an expression of many genes quickly but with great efficiency. The process involves the hybridization of an mRNA molecule and the DNA template from which the mRNA has been collected. Collection of multiple samples form an array.
Such extensive researches are now providing substantial traction to the pharmaceutical sector. Also, genetic testing can gain sufficiently from the microarray testing segment. These procedures would further gain momentum due to hike in healthcare expenditure. Owing to these features, the microarray analysis market growth can expect hike in valuation in the coming years.
Microarray Analysis Market Segmentation:
The study on the global market for microarray analysis can be formed by including segments like application, type, product type, and end-user. These segments are carriers of various factors that can be explored in the coming day for better understanding of the global market.
By type, microarray analysis market report can be segmented into chemical compound microarrays, tissue microarrays, glycan arrays, protein microarrays, phenotype microarrays, DNA microarrays, and cellular microarrays. The segment for DNA microarrays has the largest market share as its extensive use in diverse applications like pharmaceuticals, hospitals & clinics, diagnostic centers, ambulatory care centers, academic & research institutes, and biotechnology can impact the market notably.
By application, microarray analysis market share integrated drug discovery, disease diagnosis, research, genotyping, genomics, forensic analysis, proteomics, and toxicological research. The drug discovery segment has the better opportunity to score the highest CAGR during the review period due to growing need for personalized drug.
By product type, microarray analysis market includes reagent kits, reagents, DNA chips, instruments, primers, and buffers. The instrument segment covers Multi-Channel (MC) instrument, hybridization oven, centrifuge, scanner, target preparation instrument, slide imprinters, and others.
By end-users, microarray analysis market comprises academic & research institutes, pharmaceuticals, diagnostic centers, hospitals & clinics, biotechnology, ambulatory care centers, and others.
Microarray Analysis Market Regional Analysis:
Region-specific study of the market for microarray analysis spans across namely, Europe, the America, and Asia Pacific (APAC) where revenue generation would be pretty high and the Middle East and Africa (MEA) where the market would be restricted due to the presence of poor countries.
The American region has the better opportunity to dominate the market with the infrastructural benefits and high growth of the investment possibilities. Also, the presence of major market players is expected to provide traction to the market.
Europe’s growing focus on the research and development segment to boost the healthcare sector with drug discovery, personalized medicine, and targeted therapy would provide the market traction.
The Asia Pacific market has the potential to score big due to the hike in the prevalence of government initiatives, genetic disorders, and increasing awareness among the people.
Browse Complete Report with TOC at https://www.marketresearchfuture.com/reports/global-microarray-analysis-market-777
Microarray Analysis Market Competitive Landscape:
Various companies are getting involved in taking the global microarray industry ahead by contributing substantially both in terms of money and strategic moves. These companies are NextGen Sciences PLC, Discerna, Thermo Fisher Scientific, Illumnia Inc., Roche NimbleGen, ProteoGenix, Luminex Corporation, Agilent Technologies Inc., Applied Microarrays, Biomerieux SA, Sequenom Inc., Gyros AB, Affymetrix Inc., and others. MRFR listed these companies for a better understanding of various trends that can impact the market in the coming years. The work is backed by the recording of latest contributions made by these companies.
In August 2019, in the Annual Peptide Drug Design and Delivery Summit, researchers announced the possibility of nanotechnology is growing rapidly in the healthcare industry. Among sectors, in which it can be used, microarray tests are expected to show some strong potential. These particles are more suitable to allow free movement in various parts of the body in comparison with traditional therapeutic molecules.
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