The global microarray market size was USD 3.99 Billion in 2021 and is expected to register a revenue CAGR of 8.31% during the forecast period, according to latest analysis by Emergen Research. Increasing use of microarrays for diagnosis of genetic disorders and infectious diseases is a crucial factor driving market revenue growth.
Microarray is a key technology used in molecular biology for early detection of cancer, such as breast cancer and ovarian cancer by detecting mutations in genes, which may give rise to the disease. Rising incidence of breast cancer is a major factor contributing to revenue growth of the market. According to statistics of World Health Organization (WHO), around 2.3 million women were diagnosed with breast cancer and 685,000 patients died globally because of cancer, in 2020.
DNA microarrays enable easy and early detection of mutated genes, therefore allowing patients to obtain early treatment, which is increasing demand for system. Recently, researchers have developed coronavirus variant-based microarray platforms for estimating efficacy of vaccines developed against pathogen.
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Some major companies operating in the global market include Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Merck KGaA, PerkinElmer Inc., Arrayit Corporation, Illumina, Inc., Bio-Rad Laboratories, Inc., RayBiotech Life, Inc., Full Moon BioSystems, Inc., and CapitalBio Technology Co., Ltd.
The global Microarray Market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Microarray Market sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global microarray market based on type, product, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Analytical Protein Microarray
Functional Protein Microarray
Reverse-Phase Protein Microarray
Product Outlook (Revenue, USD Billion; 2019-2030)
Software and Services
Application Outlook (Revenue, USD Billion; 2019-2030)
Cancer Genome Analysis
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Academic and Research Laboratories
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
Key Questions Addressed in the Report:
Who are the leading players in the Microarray industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Microarray?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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