The microarray market size is expected to see strong growth in the next few years. It will grow to $7.35 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rapid growth in molecular diagnostics, emergence of precision medicine, increased adoption in agriculture, expansion of microbiome research, technological integration in healthcare. Major trends in the forecast period include enhancements in microarray data analysis tools, focus on biomarker discovery for neurological disorders, utilization in infectious disease research, adoption in functional genomics studies, increasing applications in drug discovery and development.
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Segmentation & Regional Insights
The microarray market covered in this report is segmented –
1) By Type: DNA Microarray, Protein Microarray, Other Types
2) By Application: Disease Diagnosis, Cancer Genomic Analysis, Drug Discovery, Genomic Sequencing, Expression Analysis, Toxicological Research, Other Applications
3) By End-User: Pharmaceutical Industry, Biotechnology Industry, Academic and Research Laboratories, Other End-Users
North America was the largest region in the microarray market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global microarray market report during the forecast period. The regions covered in the microarray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in the incidence of cancer cases is expected to drive the growth of the microarray market in the future. Cancer refers to a condition when a few of the body’s cells grow out of control and spread to other bodily regions. The increase in cancer cases is mostly driven by the increasing incidence of established cancer risk factors, exposure to specific chemicals, an aging population, and common cancers such as breast cancer, lung cancer, and bronchial cancer, where microarray allows researchers to identify changes in gene expression that may be associated with cancer. For instance, in January 2023, according to the American Cancer Society, a US-based voluntary health organization, it is estimated that about 9,910 children in the US under the age of 15 will be diagnosed with cancer and about 1,040 children under the age of 15 are expected to die from cancer in 2023. Therefore, the rise in the incidence of cancer cases is driving the growth of the microarray market.
Key Industry Players
Major companies operating in the microarray market report are Agilent Technologies Inc., Arrayit Corporation, Bio-Rad Laboratories Inc., Danaher Corporation, GE Healthcare Inc., Illumina Inc., Merck KGaA, Microarray Inc., PerkinElmer Inc., Thermo Fisher Scientific Inc., Molecular Devices LLC, BioMerieux Inc., RayBiotech Life Inc., Diasorin Group, NextGen Sciences Inc., PathogenDx Inc., Schott Minifab AG, Full Moon Biosystems Inc., CapitalBio Technology Co. Ltd., Roche Diagnostics, Biocare Medical, BioGenex Life Sciences Pvt. Ltd., BioGenomics Limited, BioMicro Systems Inc., Biostatus Limited, Biotechrabbit GmbH, Affymetrix Inc., F. Hoffmann-La Roche Ltd., SCIENION AG, INanoBio Inc.
The microarray market report table of contents includes:
1. Executive Summary
2. Microarray Market Characteristics
3. Microarray Market Trends And Strategies
4. Microarray Market – Macro Economic Scenario
5. Global Microarray Market Size and Growth
…………………………
31. Global Microarray Market Competitive Benchmarking
32. Global Microarray Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Microarray Market
34. Microarray Market Future Outlook and Potential Analysis
35. Appendix
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