The continual growth of the microarray analysis market can be attributed to several factors which have led to wide scale adoption of these devices which are extensively used to study the diverse number of biological processes. Moreover, the growing demand for microarray across the globe is anticipated to further contribute to the substantial growth of the global microarray analysis market between 2019 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers. The National institute for Biomedical Genomics, a publicly funded national institution based in India, has entered into an agreement with Department of Biotechnology, Government of India and Global Alliance for Genomics and Health to share health and genomic related data.
Major Key Players of the Microarray Analysis Market are:
Thermo Fisher Scientific, Agilent Technologies, Molecular Devices, PerkinElmer, Illumina, GE Healthcare, and Bio-Rad Laboratories, Merck KGaA, Arrayit Corporation, Microarrays, Inc. Among others.
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
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