USD 5.06 billion
Microarray Analysis Market Size, Share, Growth Analysis, By Type(DNA, Protein and others), By Application(Research applications, drug discovery, disease diagnostics and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35J2057 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
62
|Figures:
75
Microarray Analysis Market Insights
Global Microarray Analysis Market size was valued at USD 5.06 billion in 2022 and is poised to grow from USD 5.51 billion in 2023 to USD 10.81 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
Global Microarray Analysis Market is a rapidly expanding and technologically advanced sector of the biotechnology industry. Microarray analysis refers to the high-throughput technique used for simultaneously analyzing the expression levels of thousands of genes or genetic variations. This market is driven by the increasing demand for personalized medicine, advancements in genomic research, and the growing prevalence of chronic diseases. The market is characterized by a wide range of applications, including gene expression profiling, genotyping, epigenetics, and biomarker discovery. The advent of microarray technologies has revolutionized genomics and molecular biology research by enabling researchers to study large-scale gene expression patterns, identify disease-associated genes, and facilitate drug discovery. Furthermore, the integration of microarray analysis with other technologies such as next-generation sequencing and bioinformatics has further enhanced its potential and market growth. North America has traditionally dominated the market, owing to the presence of well-established research infrastructure and significant investments in genomics research. However, the Asia-Pacific region is expected to witness substantial growth due to the increasing focus on precision medicine and the growing adoption of microarray technologies in emerging economies. As the field of genomics continues to evolve, the microarray analysis market is poised to experience significant growth and innovation, leading to advancements in personalized medicine, diagnostics, and therapeutic development.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
DNA
Fastest Growth
DNA
Growth Rate
8.8% CAGR
Global Microarray Analysis Market ($ Bn)
Country Share for North America Region (%)
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Microarray Analysis Market Segmental Analysis
Global Microarray Analysis Market is segmented by type, application, and region. Based on type, the market can be segmented into DNA, Protein and others. Based on application, the market is segmented into Research applications, drug discovery, disease diagnostics and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The dominant segment in the Global Microarray Analysis Market based on type is DNA microarrays. DNA microarrays have been widely adopted in genomics research and have established their position as a key tool for gene expression profiling, genetic variation detection, and DNA-protein interaction studies. The ability to simultaneously analyze thousands of genes in a high-throughput manner has made DNA microarrays essential in areas such as personalized medicine, biomarker discovery, and drug development, contributing to their dominant market position.
The fastest-growing segment in the Global Microarray Analysis Market based on type is protein microarrays. Protein microarrays have witnessed significant growth due to their increasing applications in proteomics research, protein-protein interaction studies, and protein profiling. The ability to analyze protein expression levels, identify protein interactions, and screen for potential drug targets has driven the demand for protein microarrays. Advancements in technology, such as enhanced sensitivity and multiplexing capabilities, have further propelled the growth of protein microarrays, making them the fastest-growing segment in the market.
Analysis by Application
The dominant segment in the Global Microarray Analysis Market based on application is research applications. Microarray analysis plays a vital role in various research applications, including gene expression profiling, genotyping, epigenetics, and biomarker discovery. It provides researchers with a powerful tool to study large-scale gene expression patterns, identify disease-associated genes, and unravel complex biological processes. The versatility and wide range of applications make research applications the dominant segment in the microarray analysis market, driving its continued growth and adoption.
The fastest-growing segment in the Global Microarray Analysis Market based on application is disease diagnostics. Microarray analysis has revolutionized the field of diagnostics by enabling the identification and characterization of disease-related genetic variations and gene expression patterns. It offers a high-throughput and comprehensive approach to detect and monitor genetic markers associated with diseases, facilitating early detection, accurate diagnosis, and personalized treatment strategies. The increasing demand for precision medicine and the growing emphasis on early disease detection are driving the rapid growth of microarray-based disease diagnostics, making it the fastest-growing segment in the market.
Global Microarray Analysis Market By Type
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Microarray Analysis Market Regional Insights
North America is the dominant region in the Global Microarray Analysis Market. The region's dominance can be attributed to well-established research infrastructure, significant investments in genomics research, and the presence of key market players. North America has been at the forefront of advancements in microarray technologies, with a strong focus on personalized medicine and precision diagnostics. The presence of major pharmaceutical and biotechnology companies, academic institutions, and government initiatives supporting genomics research further contribute to the region's dominant position.
The fastest-growing region in the Global Microarray Analysis Market is Asia Pacific. The region has been experiencing significant growth due to the rising adoption of microarray technologies in emerging economies, such as China and India. Factors driving this growth include increasing investments in healthcare infrastructure, expanding research capabilities, and a growing emphasis on precision medicine and molecular diagnostics. Additionally, the region offers a large patient pool, which creates opportunities for conducting extensive genomic studies and clinical trials. The rapid advancements in biotechnology and genomics research in Asia Pacific contribute to its position as the fastest-growing region in the microarray analysis market.
Global Microarray Analysis Market By Geography
- Largest
- Fastest
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Microarray Analysis Market Dynamics
Drivers
Increasing demand for personalized medicine
- One key driver of the Global Microarray Analysis Market is the increasing demand for personalized medicine. Personalized medicine aims to tailor medical treatments to individual patients based on their genetic makeup, enabling more precise and effective therapies. Microarray analysis plays a crucial role in personalized medicine by providing comprehensive genomic information and aiding in the identification of disease-associated genetic variations. The growing adoption of personalized medicine approaches worldwide is driving the demand for microarray analysis and supporting market growth.
Restraints
High cost associated with microarray technologies and analysis
- One key restraint of the Global Microarray Analysis Market is the high cost associated with microarray technologies and analysis. Microarray platforms, reagents, and instruments can be expensive, making them less accessible to certain research institutions and healthcare facilities with limited financial resources. Additionally, the complexity of data analysis and the requirement for specialized expertise can further contribute to the overall cost. The high cost of microarray analysis can pose a challenge, especially in resource-constrained settings, hindering its widespread adoption and market expansion. Efforts to reduce costs and increase affordability, such as technological advancements and streamlined workflows, are important for overcoming this restraint.
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Microarray Analysis Market Competitive Landscape
The competitive landscape of the Global Microarray Analysis Market is characterized by intense competition and a diverse range of market players. The market is highly dynamic, with numerous companies offering microarray platforms, reagents, and software solutions. These players focus on continuous innovation, product development, and strategic collaborations to gain a competitive edge. Additionally, there is a strong presence of academic and research institutions contributing to the market through advancements in microarray technologies and applications. The competitive landscape is driven by factors such as technological advancements, pricing strategies, regulatory compliance, and the ability to provide comprehensive solutions that cater to the evolving needs of researchers in genomics, proteomics, and related fields.
Top Player’s Company Profiles
- Bio-Rad Laboratories (US)
- Illumina, Inc. (US)
- PerkinElmer Inc. (US)
- Merck KGaA (Germany)
- GE Healthcare (US)
- Molecular Devices, LLC (US)
- Arrayit Corporation (US)
- Microarrays, Inc. (US)
- BioGenex (US)
- Oxford Gene Technology (OGT) (UK)
- Qiagen N.V. (Netherlands)
- Roche Diagnostics (Switzerland)
- Fluidigm Corporation (US)
- Affymetrix (US)
- Agendia NV (Netherlands)
- Applied Microarrays (US)
- Biocompare (US)
- Eppendorf AG (Germany)
Recent Developments
- In January 2023, Agilent Technologies, Inc. unveiled a new microarray platform called the SureSelect™ Human All Exon V9. This platform offered researchers an advanced solution for comprehensive genetic analysis, enabling efficient and accurate identification of genetic variations associated with diseases. The SureSelect™ Human All Exon V9 microarray played a crucial role in accelerating research in areas such as oncology, rare genetic disorders, and population genetics by providing a comprehensive view of the human exome.
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Complete Genomics Inc., a part of MGI Tech Co., Ltd., made its debut with its complete sequencing systems today at Biotech Showcase, during JP Morgan Healthcare Conference Week in January 2023. Rade Drmanac, Chief Scientific Officer, introduced a "free three-month trial" program and a "reagent rental leasing" plan so that buyers could evaluate the products' dependability and quality before making a purchase.
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Thermo Fisher Scientific, Inc. unveiled the Applied Biosystems CytoScan HD Accel array in August 2023. This cutting-edge chromosomal microarray is intended to increase cytogenetic research lab productivity, efficiency, and profitability with an industry-leading two-day turnaround time. The CytoScan HD Accel array from Applied Biosystems was used to study the human genome.
Microarray Analysis Key Market Trends
- One key market trend in the Global Microarray Analysis Market is the integration of microarray analysis with other omics technologies. This trend involves combining microarray analysis with other advanced technologies such as next-generation sequencing (NGS) and bioinformatics to enhance data analysis and interpretation. By integrating microarray analysis with NGS, researchers can obtain a comprehensive view of the genome, transcriptome, and epigenome, enabling more comprehensive and in-depth analysis of gene expression and genetic variations. This trend allows researchers to leverage the strengths of multiple technologies and generate more meaningful insights into complex biological processes, disease mechanisms, and personalized medicine applications. The integration of microarray analysis with other omics technologies promotes synergistic advancements and paves the way for more comprehensive and multi-dimensional molecular profiling approaches.
Microarray Analysis Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Microarray Analysis Market analysis, the market is driven by the increasing demand for personalized medicine, advancements in genomic research, and the prevalence of chronic diseases. The market is segmented based on type, including DNA microarrays, protein microarrays, and others. North America dominated the market due to its well-established research infrastructure and significant investments in genomics research. However, the Asia Pacific region is experiencing rapid growth due to the adoption of microarray technologies in emerging economies. The market is characterized by intense competition, with key players focusing on innovation and strategic collaborations. Major trends in the market include the integration of microarray analysis with other omics technologies, allowing for more comprehensive molecular profiling. Overall, the global market is poised for significant growth and innovation, impacting areas such as personalized medicine, diagnostics, and therapeutic development.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.06 billion |
| Market size value in 2031 | USD 10.81 billion |
| Growth Rate | 8.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Microarray Analysis Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Microarray Analysis Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Microarray Analysis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microarray Analysis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microarray Analysis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microarray Analysis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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