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DNA Microarray Market Report 2023: Increasing Adoption of DNA Microarray for Various Applications Bolsters Growth
Global DNA Microarray Market
Dublin, March 10, 2023 (GLOBE NEWSWIRE) -- The "DNA Microarray Market Size, Share & Trends Analysis Report By Type (Complementary DNA Microarrays, Oligonucleotide DNA Microarrays), By Application (Gene Expression, Genotyping), By End-user, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global DNA microarray market size is expected to reach USD 3.53 billion by 2030, registering a CAGR of 8.5% from 2023 to 2030.
The DNA microarray market is anticipated to witness exponential growth opportunities owing to technological advancements and rising R&D investments by the leading participants. In addition, the increasing adoption of DNA microarray technologies in various applications such as genetic disease diagnosis, cancer research, and personalized medicine are the leading factors propelling the global market.
Rapid and accurate disease diagnosis is crucial for the appropriate treatment of patients. The recent advances in molecular-level interaction & detection technologies are upgrading clinical diagnostics services by offering novel solutions for diagnosis. Likewise, the recent advancements in diagnostic DNA microarrays have opened new avenues for the market stakeholders. The DNA microarray technique has applications in genotyping, disease diagnosis, detecting abnormalities, and screening nucleotide polymorphisms.
Moreover, the global DNA microarray market is anticipated to witness exponential growth opportunities owing to the increased research funding, rising healthcare costs, technological advancements, and increased demand for the precision and tailored therapeutic solutions. For instance, according to Med City INVEST Precision Medicine, consumers are increasingly aware of the specific therapies, including precision therapy for treating chronic diseases.
In addition, increased investments by the leading players in the production of effective and advanced diagnostic tools and various strategic initiatives undertaken by the market participants are likely to create new avenues for expansion. For instance, in September 2022, Illumina, Inc. announced the launch of the NovaSeq X Series, a next-generation technology product that can produce more than 20,000 genomes per year. In addition, in September 2021, SCHOTT MINIFAB acquired an Arizona-based microarray solutions company. This acquisition is expected to help the company to strengthen its bioscience capabilities in the U.S.
Market Dynamics
Market Drivers
Increasing Adoption of DNA Microarray for Various Applications
Increasing Prevalence of Genetic Disorders and Cancers
Growing Research Activities
Market Restraints
High Cost Involved in the Sequencing
Availability of Cost Effective Alternatives
DNA Microarray Market Report Highlights
The oligonucleotide DNA microarrays segment held the largest share owing to its cost-effectivity and higher capability to monitor the expression of every gene in the genome
The complementary DNA microarrays segment is anticipated to register the fastest growth rate because of its wide range of applications in polymorphism screening, genomic DNA clones mapping, and gene discoveries
The gene expression analysis segment accounted for the largest market in 2022 due to the adopting gene expression in different applications such as clinical diagnostics, drug discovery, microbiology, and other end-use applications
Based on end user, the academic & research institute segment dominated the market in 2022, whereas the diagnostic centers segment is anticipated to be the fastest-growing during the forecast period
Asia Pacific is expected to exhibit the fastest growth during the forecast period due to the surge in genomic research funding and increasing awareness about the genetic testing in the region.
Key Attributes:
Report Attribute | Details |
No. of Pages | 150 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $1835.54 Million |
Forecasted Market Value (USD) by 2030 | $3530 Million |
Compound Annual Growth Rate | 8.5% |
Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 DNA Microarray Market Variables, Trends, & Scope
Chapter 4 DNA Microarray Market Segment Analysis, By Type, 2018 - 2030 (USD Million)
4.1 Definition and Scope
4.2 Type Market Share Analysis, 2022 & 2030
4.3 Segment Dashboard
4.4 Global DNA Microarray Market, by Type, 2018 to 2030
4.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
4.5.1 Complementary DNA microarrays
4.5.2 Oligonucleotide DNA microarrays
4.5.3 Other DNA microarrays
Chapter 5 DNA Microarray Market Segment Analysis, By Application 2018 - 2030 (USD Million)
5.1 Definition and Scope
5.2 Application Market Share Analysis, 2022 & 2030
5.3 Segment Dashboard
5.4 Global DNA Microarray Market, by Application, 2018 to 2030
5.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
5.5.1 Gene expression analysis
5.5.2 Genotyping
5.5.3 Others
Chapter 6 DNA Microarray Market Segment Analysis, By End - user, 2018 - 2030 (USD Million)
6.1 Definition and Scope
6.2 End - user Market Share Analysis, 2022 & 2030
6.3 Segment Dashboard
6.4 Global DNA Microarray Market, by End - user, 2018 to 2030
6.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
6.5.1 Pharmaceutical and biotechnology companies
6.5.2 Diagnostic centers
6.5.3 Hospitals and clinics
6.5.4 Academic and research institute
6.5.5 Others
Chapter 7 DNA Microarray Market Segment Analysis, By Region, 2018 - 2030 (USD Million)
Chapter 8 DNA Microarray Market - Competitive Analysis
Companies Mentioned
QIAGEN
Illumina, Inc.
Merck KGaA
Thermo Fisher Scientific, Inc.
BIOMERIEUX
Agilent Technologies, Inc.
F. Hoffmann - La Roche Ltd.
PerkinElmer, Inc.
Applied Micro Arrays
For more information about this report visit https://www.researchandmarkets.com/r/3u70sg
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