Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The "Microarray Analysis Market by Product & Service (Consumables, Instrument, Software, Services), Type, Application (Research), End User (Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The microarray analysis market is expected to reach USD 5.52 billion by 2023 from USD 3.82 billion in 2018, at a CAGR of 7.6%
The major factors driving the growth of this market are the growing application areas of microarrays, increasing incidence of cancer, and increasing funding for genomic and proteomic research. On the other hand, the emergence of NGS as an effective alternative to the microarray technology could hinder market growth to a certain extent. The research and academic institutes segment dominated the market in 2018 On the basis of end users, the microarray analysis market has been segmented into research and academic institutes, diagnostic laboratories, pharmaceutical and biotechnology companies, and other end users. In 2018, the research and academic institutes segment is projected to account for the largest share of the microarray analysis market. The large share of this segment is primarily attributed to the increasing funding and growing initiatives by governments to support academic genomic and proteomic research projects. The DNA microarray segment is estimated to grow at a rapid rate during the analysis period. Based on the type, the microarray analysis market is segmented into DNA microarrays, protein microarrays, and other microarrays. The DNA microarray segment is expected to grow at the fastest rate during the forecast period due to the use of DNA microarrays in various applications such as drug discovery, genomic and cancer research, personalized medicine, genetic disease diagnosis, and various diseases. Asia Pacific is estimated to register the highest CAGR during the study period. In this report, the microarray analysis market is segmented into four major regional segments - North America, Europe, Asia Pacific, and the Rest of the World. The microarray analysis market in the Asia Pacific is projected to register the highest growth rate during the forecast period. Increasing biotechnology and pharmaceutical research in the region is a key driving factor for this market. The primary interviews conducted for this report can be categorized as follows:
- By Company Type - Tier 1 - 70% and Tier 2 - 30%
- By Designation - C level - 62%, Director level - 21%, Others - 17%
- By Region - North America - 50%, Europe - 20%, Asia-Pacific - 30%
The major players in the microarray analysis market include Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Molecular Devices (US), PerkinElmer Inc. (US), Illumina, Inc. (US), GE Healthcare (US), and Bio-Rad Laboratories Inc. (US).
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Microarray Analysis Market Overview 4.2 Asia Pacific: Market, By Product & Service (2018) 4.3 Market, By Region (2018) 4.4 Geographical Snapshot of the Market 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Incidence of Cancer 5.2.1.2 Growth in Funding for Genomic and Proteomic Research 5.2.1.3 Growing Application Areas of Microarrays 5.2.2 Opportunities 5.2.2.1 Use of Microarrays in Personalized Medicine 5.2.3 Challenges 5.2.3.1 Growing Adoption of Next-Generation Sequencing 6 Microarray Analysis Market, By Product and Service 6.1 Introduction 6.2 Consumables 6.3 Software and Services 6.4 Instruments 7 Microarray Analysis Market, By Type 7.1 Introduction 7.2 Dna Microarrays 7.3 Protein Microarrays 7.4 Other Microarrays 8 Microarray Analysis Market, By Application 8.1 Introduction 8.2 Research Applications 8.3 Drug Discovery 8.4 Disease Diagnostics 8.5 Other Applications 9 Microarray Analysis Market, By End User 9.1 Introduction 9.2 Research & Academic Institutes 9.3 Pharmaceutical & Biotechnology Companies 9.4 Diagnostic Laboratories 9.5 Other End Users 10 Microarray Analysis Market, By Region 10.1 Introduction 10.2 North America 10.2.1 US 10.2.2 Canada 10.3 Europe 10.4 Asia Pacific 10.4.1 China 10.4.2 India 10.4.3 Japan 10.4.4 Rest of Asia Pacific 10.5 Rest of the World 11 Competitive Landscape 11.1 Overview 11.2 Market Ranking Analysis, 2017 11.3 Competitive Scenario 11.3.1 Expansions 11.3.2 Acquisitions 11.3.3 Agreements 11.3.4 Product Launches and Approvals 12 Company Profiles 12.1 Thermo Fisher Scientific 12.2 Agilent Technologies 12.3 Illumina 12.4 Perkinelmer, Inc. 12.5 Merck KGaA 12.6 GE Healthcare 12.7 Molecular Devices (A Subsidiary of Danaher) 12.8 Arrayit Corporation 12.9 Bio-Rad Laboratories 12.10 Microarrays, Inc.
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