Microarray Global Market Report 2024

Description

“Microarray Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on microarray market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for microarray? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microarray market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: DNA Microarray; Protein Microarray; Other Types
2) By Application: Disease Diagnosis; Cancer Genomic Analysis; Drug Discovery; Genomic Sequencing; Expression Analysis; Toxicological Research; Other Applications
3) By End-User: Pharmaceutical Industry; Biotechnology Industry; Academic and Research Laboratories; Other End-Users
Companies Mentioned: Agilent Technologies Inc.; Arrayit Corporation; Bio-Rad Laboratories Inc.; Danaher Corporation; GE Healthcare Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Microarray is a widely employed laboratory technique that involves affixing numerous known nucleic acid fragments-ranging from tens of thousands to millions-onto a solid surface, commonly referred to as a chip. This method finds frequent application in scientific and medical research, serving purposes such as detecting specific DNA sequences and assessing gene expression.

The primary categories of microarrays include DNA microarray, protein microarray, and others. A DNA microarray consists of small DNA spots affixed to a solid substrate, utilized to determine the presence of gene mutations, such as those in BRCA1 or BRCA2, within the DNA of a particular individual. This technology is employed across various domains, including disease diagnosis, cancer genomic analysis, drug discovery, genomic sequencing, expression analysis, and toxicological research. Its users span the pharmaceutical and biotechnology industries, academic and research laboratories, and other end-users.

The microarray market research report is one of a series of new reports from The Business Research Company that provides microarray market statistics, including the microarray industry's global market size, regional shares, competitors with a microarray market share, detailed microarray market segments, market trends, and opportunities, and any further data you may need to thrive in the microarray industry. This microarray market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The microarray market size has grown strongly in recent years. It will grow from $4.73 billion in 2023 to $5.16 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The expansion witnessed in the historical period can be attributed to a surge in genomic research, an increase in the adoption of personalized medicine, advancements in pharmaceutical drug discovery, progress in cancer research, and the expansion of biotechnology and life sciences.

The microarray market size is expected to see strong growth in the next few years. It will grow to $7.35 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be ascribed to the rapid expansion of molecular diagnostics, the emergence of precision medicine, heightened adoption in agriculture, the growth of microbiome research, and technological integration in healthcare. Significant trends expected in the forecast period encompass improvements in microarray data analysis tools, a focus on biomarker discovery for neurological disorders, increased utilization in infectious disease research, adoption in functional genomics studies, and expanding applications in drug discovery and development.

The future growth of the microarray market is anticipated to be driven by the increasing incidence of cancer cases. Cancer, characterized by uncontrolled cell growth and spread to other parts of the body, is on the rise due to factors such as established risk factors, exposure to specific chemicals, an aging population, and prevalent cancers such as breast cancer, lung cancer, and bronchial cancer. Microarray technology plays a crucial role in cancer research by enabling the identification of changes in gene expression associated with the disease. For example, the American Cancer Society estimates that around 9,910 children under the age of 15 will be diagnosed with cancer in the US in 2023, with approximately 1,040 children expected to succumb to the disease. Therefore, the increasing incidence of cancer cases is a key driver for the growth of the microarray market.

The growth of the microarray market is also expected to be propelled by the expanding pharmaceutical industry. This sector, involved in the discovery, development, and production of drugs and medicines, utilizes microarray technology for comprehensive analysis of gene expression, genetic variations, and molecular interactions. This facilitates advanced research in drug discovery, development, and personalized medicine. Reports from May 2021 by IQVIA Inc., a US-based pharmaceutical company, project that the total expenditure on pharmaceuticals in the US will range between $380 to $400 billion by 2025, reflecting a compound annual growth rate of 0-3% from $359 billion in 2020. Therefore, the growing pharmaceutical industry is a key factor driving the growth of the microarray market.

A noteworthy trend in the microarray market is the emphasis on product innovation by major market players. These companies are actively working on creating innovative products to strengthen their market position. For instance, in August 2023, Thermo Fisher Scientific, Inc., a US-based supplier of analytical instruments, life sciences solutions, and biotechnology services, launched the Applied Biosystems CytoScan HD Accel array. This chromosomal microarray is designed to enhance productivity, efficiency, and profitability in cytogenetic research labs, boasting an industry-leading two-day turnaround time. It offers comprehensive analysis of the entire human genome with enhanced coverage across 5,000 critical genomic regions, providing valuable insights into chromosomal variants for applications such as prenatal and postnatal research, as well as cancer-related studies.

Leading companies in the microarray market are focusing on the development of chromosomal microarrays to solidify their market position. Chromosomal Microarray Analysis (CMA) is considered a transformative technology in genomic medicine, significantly advancing diagnostic capabilities. For instance, in August 2023, Thermo Fisher Scientific Inc. introduced the Applied Biosystems CytoScan HD Accel array, contributing to improved productivity, efficiency, and profitability in cytogenetic research labs. This microarray facilitates comprehensive analysis of chromosomal variants for a broad range of research applications, including prenatal, postnatal, and oncology studies.

In September 2021, SCHOTT MINIFAB AG, a Germany-based manufacturer of microfluidic and microarray consumables, acquired Applied Microarrays (AMI) to enhance its position in microarray consumables and expand its biosensor printing capabilities. The acquisition is particularly significant in meeting the rising demand for point-of-care microarray consumables, especially in applications such as the detection of infectious diseases. Applied Microarrays, based in the US, specializes in manufacturing DNA and protein microarrays and biosensors.

Major companies operating in the microarray market report are Agilent Technologies Inc., Arrayit Corporation, Bio-Rad Laboratories Inc., Danaher Corporation, GE Healthcare Inc., Illumina Inc., Merck KGaA, Microarray Inc., PerkinElmer Inc., Thermo Fisher Scientific Inc., Molecular Devices LLC, BioMerieux Inc., RayBiotech Life Inc., Diasorin Group, NextGen Sciences Inc., PathogenDx Inc., Schott Minifab AG, Full Moon Biosystems Inc., CapitalBio Technology Co. Ltd., Roche Diagnostics, Biocare Medical, BioGenex Life Sciences Pvt. Ltd., BioGenomics Limited, BioMicro Systems Inc., Biostatus Limited, Biotechrabbit GmbH, Affymetrix Inc., F. Hoffmann-La Roche Ltd., SCIENION AG, INanoBio Inc.

North America was the largest region in the microarray market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global microarray market report during the forecast period. The regions covered in the microarray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the microarray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The microarray market consists of revenues earned by entities by providing services such as genotyping and methylation array services, analytical protein microarray, functional protein array, reverse-phase protein array, and peptide microarray. The value of associated goods sold by the service provider or incorporated into the service providing is included in the market value. The microarray market also includes sales of microarray slides or chips and priming, microarray fluorescence and colorimetric scanners, printers, hybridization stations or DNA and RNA assays, whole genome sequencing, cDNA Microarray, BAC microarray, oligo microarray, which are used in providing microarray services. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11916

1. Executive Summary

2. Microarray Market Characteristics

3. Microarray Market Trends And Strategies

4. Microarray Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Microarray Market Size and Growth

5.1. Global Microarray Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Microarray Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Microarray Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Microarray Market Segmentation

6.1. Global Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
DNA Microarray
Protein Microarray
Other Types
6.2. Global Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Disease Diagnosis
Cancer Genomic Analysis
Drug Discovery
Genomic Sequencing
Expression Analysis
Toxicological Research
Other Applications
6.3. Global Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pharmaceutical Industry
Biotechnology Industry
Academic and Research Laboratories
Other End-Users

7. Microarray Market Regional And Country Analysis

7.1. Global Microarray Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Microarray Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Microarray Market

8.1. Asia-Pacific Microarray Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Microarray Market

9.1. China Microarray Market Overview
9.2. China Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Microarray Market

10.1. India Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Microarray Market

11.1. Japan Microarray Market Overview
11.2. Japan Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Microarray Market

12.1. Australia Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Microarray Market

13.1. Indonesia Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Microarray Market

14.1. South Korea Microarray Market Overview
14.2. South Korea Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Microarray Market

15.1. Western Europe Microarray Market Overview
15.2. Western Europe Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Microarray Market

16.1. UK Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Microarray Market

17.1. Germany Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Microarray Market

18.1. France Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Microarray Market

19.1. Italy Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Microarray Market

20.1. Spain Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Microarray Market

21.1. Eastern Europe Microarray Market Overview
21.2. Eastern Europe Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Microarray Market

22.1. Russia Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Microarray Market

23.1. North America Microarray Market Overview
23.2. North America Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Microarray Market

24.1. USA Microarray Market Overview
24.2. USA Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Microarray Market

25.1. Canada Microarray Market Overview
25.2. Canada Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Microarray Market

26.1. South America Microarray Market Overview
26.2. South America Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Microarray Market

27.1. Brazil Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Microarray Market

28.1. Middle East Microarray Market Overview
28.2. Middle East Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Microarray Market

29.1. Africa Microarray Market Overview
29.2. Africa Microarray Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Microarray Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Microarray Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Microarray Market Competitive Landscape And Company Profiles

30.1. Microarray Market Competitive Landscape
30.2. Microarray Market Company Profiles
- 30.2.1. Agilent Technologies Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Arrayit Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bio-Rad Laboratories Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Danaher Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. GE Healthcare Inc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Microarray Market Competitive Benchmarking

32. Global Microarray Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Microarray Market

34. Microarray Market Future Outlook and Potential Analysis

34.1 Microarray Market In 2028 - Countries Offering Most New Opportunities
34.2 Microarray Market In 2028 - Segments Offering Most New Opportunities
34.3 Microarray Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer