A report on the Global Microarrays Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Microarrays market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
The Global Microarrays Market size was estimated at USD 3.72 Billion in 2022 and is expected to surpass USD 8.15 Billion by 2030, expanding at a CAGR of 8.2% from 2022 to 2030.
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Using a gene chip, microarray analysis is a way to look at samples of DNA and RNA based on how they pair up. A gene chip is made up of millions of probes that are all lined up on a hard surface. This microarray measures how much mRNA there is. With microarray analysis, it is possible to make biological and numerical assumptions.
This report gives a mix of quantitative and qualitative analysis to help readers come up with business/growth strategies, analyse the competitive landscape of the market, figure out where they stand in the market right now, and make smart business decisions. aims to give a complete picture of the world market. When it comes to microarrays.
Market growth is being driven by things like the growing number of chronic diseases, the low cost of microarrays, their easy availability, and their standardisation. Also, the fast growth of NGS is likely to slow down the growth of the market.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Thermo Fisher Scientific, Agilent, Sequenom, Roche NimbleGen, Illumnia, Applied Microarrays, BioMerieux SA, Discerna, Gyros AB, Luminex Corporation, NextGen Sciences, ProteoGenix. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
The Americas are the biggest market for microarray analysis because they use advanced diagnostic technology, people are aware of the need for better diagnostics, and they spend a lot of money on research. In 2018, the Congress of the States gave USD 5.665 million to the National Cancer Institute for research on cancer.
Europe is thought to have been second in the world market for microarray analysis. In this region, the market is growing because more attention is being paid to drug discovery, personalised medicines, and targeted therapies. In November 2016, the European Commission and more than 30 European and international members started the International Consortium for Personalized Medicine, or “ICPerMed,” with the goal of making Europe the world leader in personalised medicine research. So, the fact that there is more research being done on personalised medicines is good for the growth of the market in this region.
The Asia-Pacific microarray analysis market is expected to grow because genetic disorders are becoming more common, people are becoming more aware of them, and the government is taking steps to help. Alzheimer’s Disease International says that 23 million people in the Asia-Pacific region had dementia in 2015, and that number is expected to rise to 71 million by the year 2050.
Due to a lack of money for medical and health research, the Middle East and Africa have the smallest share of the world market for microarray analysis. But the growth of the market in this region is helped by the rise of genetic diseases and the rising cost of health care.
Microarrays Market Segmentation:
By Type:
DNA Microarrays
MM Chips
Protein Microarrays
Peptide Microarrays
Tissue Microarrays
Cellular Microarrays
Other
By Product:
Consumables
Software and services
Instruments
By End-Use:
Research & Academic Institutes
Pharmaceutical & Biotechnology Companies
Diagnostic Laboratories Other End Users
By Application:
Drug Discovery
Diagnostics
Genomic
Proteomics
Other
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Frequently Asked Questions (FAQ):
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Related Sources:
Microarrays- https://www.newstrail.com/microarrays-market-growing-demand-and-trends-2023-to-2030/
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