Microarray market growth, microarray market report, microarray market share, microarray market size, microarray market analysis, microarray market demand
What Does the Microarray Market Forecast and Growth Rate Look Like from 2024 to 2029?
The microarray market has demonstrated substantial growth in recent years, expanding from $5.19 billion in 2024 to $5.63 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. This steady increase in the historic period can be traced back to numerous factors including the surge in genomic research, augmentation of personalized medicine, advancements in pharmaceutical drug discovery, ethnological advancements in cancer research, and the general expansion of biotechnology and life sciences.
The microarray market is anticipated to witness robust growth, predicted to rise to $8.27 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. This swift growth in the forecast period is projected to be propelled by various factors such as rapid expansion in molecular diagnostics, the emergence of precision medicine, rising adoption in agriculture, growth in microbiome research, and technological integration in healthcare. Major trends expected to shape the forecast period include enhancements in microarray data analysis tools, focus on biomarker discovery for neurological disorders, utilization in infectious disease research, escalated adoption in functional genomics studies, and increasing applications in drug discovery and development.
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What Drives the Microarray Market’s Growth?
A significant driver of the microarray market growth is the increasing cases of cancer. As a condition characterized by deregulated cell growth and invasive cell behavior, cancer poses a considerable challenge. The sharp rise in cancer cases is largely driven by the heightened exposure to known cancer risk factors, aging populations, and increased occurrences of common cancers, which microarray can help researchers detect crucial gene expression changes related to. For instance, the American Cancer Society predicted in January 2023 about 9,910 children under the age of 15 in the US would be diagnosed with cancer, heightening the demand for microarrays.
What Are the Major Segments In the Microarray Market?
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
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Who Are The Key Players In the Microarray Market?
In the microarray market, major players include 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, RayBiotech Life Inc., NextGen Sciences Inc., PathogenDx Inc., Schott Minifab AG, Full Moon Biosystems Inc., CapitalBio Technology Co. Ltd., Roche Diagnostics, Ltd., BioGenomics Limited, BioMicro Systems Inc., Biostatus Limited, Biotechrabbit GmbH, Affymetrix Inc., SCIENION AG, INanoBio Inc.
What Are The Emerging Trends In the Microarray Market?
Product innovation is gaining momentum in the microarray market, with major market players focusing on developing novel products to dominate the market. For instance, Thermo Fisher Scientific Inc, a US-based company, launched an innovative chromosomal microarray, the Applied Biosystems CytoScan HD Accel array in August 2023. The new tool significantly boosts productivity, efficiency, and profitability in cytogenetic research labs with its impressive two-day turnaround time and comprehensive analysis of the entire human genome.
Which Region Is Expected To Grow the Fastest in the Microarray Market?
In 2024, North America was the largest market for microarrays, but Asia-Pacific is expected to be the fastest growing in the forecast period. The regions covered in the microarray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Microarray Market Report 2025 Offer?
Microarray refers to a widely employed lab technique that involves fixing various known nucleic acid fragments on a solid surface, known as a chip. It is primarily utilized in scientific and medical research for when detecting specific DNA sequences and assessing gene expression are required. The Microarray Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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