Over the years, the emergence of microarray technology as a popular and profitable tool has played a vital role in contributing to the growth of the global microarray analysis market. Several countries, namely Africa, Latin America, India, china and other developing countries have emerged as essential contributors to global microarray analysis market. The increasing incidences of cancer across the globe have been vital in contributing to the global microarray analysis market. In 2012, it was estimated that the total number of cancer patient across the globe was a staggering 14-16 million. It is further expected that the number of cancer patient will additionally increase at a rate of 10% every year. Advancement in technology in field of microarray analysis market provides detailed insights on the complexity and polymorphism of cancer. There by leading to growing adoption of microarray analysis technology for diagnosis of cancer which is further anticipated to grow in the coming years? Favorable government regulations coupled with growing number of research initiatives and funding in the field of genomic and proteomic research have led to wide scale adoption of microarray analysis technology in recent times. The study of genomic and proteomic research is important in detection of diseases, developing preventive measures, and formulizing treatment regime. Microarray analysis technology plays an important role in functionality studies of genomic and proteomic research, thereby complimenting the growth of this market globally. Moreover, Increasing funding in the field of genomics and proteomics research have been pivotal in contributing to the growing adoption of microarray technology worldwide.
The Microarray Analysis Market is segmented on the basis of Product & Service, Types, Applications and region.
Major Product & Service of Microarray Analysis Market covered are:
- Consumables
- Instrument
- Software, and Services
Major Types of Microarray Analysis Market covered are:
- DNA
- Protein Microarray
Major Applications of Microarray Analysis Market covered are:
- Research
- Drug Discovery
- Disease Diagnostics
Drawbacks associated with microarray technology have been affecting the growth of the microarray analysis industry inversely. Growing adoption of Next Generation Sequencing (NGS) has been a major restraint for the prosperous growth of the microarray analysis market. Moreover, factors such as complexity, time requirement for designing and testing discriminatory genetic regions for different species and inability of detecting unknown organisms has been few of the major factors limiting the adoption of microarray analysis technologies. Moreover, advent of novel sequencing technologies such as oxford nanopore and other sequencing technologies have lowered the costs and complexity associated with sequencing and simplify the entire procedure.
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