Reports and Insights recently issued a fresh report in their database titled, “DNA Microarray Market: Opportunity Analysis and Future Assessment 2022-2030” offers a precise and comprehensive evaluation of global market size, share, country-level and regional analysis, market segmentation, competitive landscape, growth, market share, sales assessment. The DNA Microarray Market report primarily presents overviews, taxonomies, applications and market definition, product stipulations, manufacturing procedures, cost frameworks, raw materials and so forth. The study rifts the market by revenue and volume (wherever applicable) along with the price record to evaluate size and trend evaluation and distinguish gaps and opportunities.
The DNA microarray market is estimated to reach at a value of 1,172.4 Mn by the end of 2022 and expected to reach at a value of US$ 1,618.4 Mn by 2030 with a significant CAGR of 4.1%.
In 2019, the DNA microarray market is accounted for more than US$ 2.5 Bn and expected to grow at a significant CAGR of 12.1% during the forecast period of 2022 to 2030
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DNA Microarray Introduction
A DNA chip, also commonly known as a DNA microarray, can be perceived as an rational tool that is made up of a lot of DNA fragments minutely put on a glass or resin substrate for identification of alterations in expression of genes in specimens.
DNA microarrays serve its utility in several different research areas due to the fact that they enable wide analysis of several dozens to several hundred thousand genes with a tiny amount of specimen and in a comparatively lesser time.
Most of the DNA microarrays, comprising 3D-Gene, find application in research intended toward their practical usage in industrial or clinical practice.
DNA Microarray Market Dynamics
Over the years, the field of biotechnology has made rapid progress along with the increased research in the domain of genomics which is majorly considered to drive the demand of DNA microarray across the global markets.
In addition to that, the rising awareness among the population regarding the advances in the cancer treatments and resultantly, growing demand of the personalized cancer treatment has further accelerated the growth of the DNA microarrays. Thus, the global DNA microarray market is projected to grow significantly in the years to come.
However, this technology is in the process of massive market competition from other alternative technologies, for instance, next-generation sequencing which is likely to hold back the growth of the global DNA microarray market in the coming years.
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DNA Microarray Market Segmentation
The global DNA microarray market is segmented on the basis of type, application, end-user, and region.
By Type
cDNA microarrays
oligo DNA microarrays
BAC microarrays
SNP microarrays
By Application
Gene expression
Cancer diagnosis & treatment
Genotyping
Genomics
Drug discovery
Agricultural biotechnology
By End-User
Academic & government research institutes
Hospitals & diagnostics centers
Biotechnology & pharmaceutical
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
DNA Microarray Market Key Players
The key participating players of the global DNA Microarray market include Affymetrix Inc., Agilent Technologies Inc., Biomérieux SA, Illumina, Inc., Perkin Elmer, Inc., Eurofins Genomics LLC, Thermo Fisher Scientific, Inc., Macrogen Inc., Nipro Greiner Bio-One GmbH, CapitalBio Corporation, and others.
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