The Business Research Company’s report on the Microarray Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the microarray market further?
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.
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What are the key factors influencing the forecasted market size of the microarray industry?
The microarray market size has grown strongly in recent years. It will grow from$5.19 billion in 2024 to $5.63 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to genomic research surge, rise in personalized medicine, pharmaceutical drug discovery, advancements in cancer research, biotechnology and life sciences expansion
The microarray market size is expected to see rapid growth in the next few years. It will grow to “$8.27 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. 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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Who are the leading competitors in the microarray market?
Major companies operating in the microarray market 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.
Which emerging trends are set to transform the microarray market landscape?
Product innovation has emerged as a key trend gaining popularity in the microarray market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in August 2023, Thermo Fisher Scientific, Inc., a US-based supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical, and biotechnology services launched the Applied Biosystems CytoScan HD Accel array, a novel chromosomal microarray designed to improve productivity, efficiency, and profitability in cytogenetic research labs. This innovative array boasts an industry-leading two-day turnaround time, providing a significant advancement in the field. The Applied Biosystems CytoScan HD Accel array conducts a comprehensive analysis of the entire human genome. With enhanced coverage spanning over 5,000 critical genomic regions, it provides valuable insights into chromosomal variants. This advanced technology proves beneficial for a wide range of applications, including prenatal and postnatal research, as well as cancer-related studies.
How do different geographies compare in terms of market share and growth potential in the microarray market?
North America was the largest region in the microarray market in 2024.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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Which major segments of the microarray market are experiencing the fastest growth?
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
Subsegments:
1) By DNA Microarray: CDNA Microarray, Oligonucleotide Microarray, SNP Microarray, Comparative Genomic Hybridization (CGH) Microarray
2) By Protein Microarray: Antibody Microarray, Antigen Microarray, Receptor Microarray, Enzyme Microarray
3) By Other Types: Cell Microarray, Tissue Microarray, RNA Microarray
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How is the microarray market defined, and what are its core characteristics?
Microarray refers to a common laboratory technique that includes adhering a variety of tens of thousands to millions of recognized nucleic acid fragments to a solid surface known as a chip. It is frequently used for a variety of applications in scientific and medical research, like detecting particular DNA sequences and assessing gene expression.
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