Pune, April 13, 2022 (GLOBE NEWSWIRE) -- The global microarray market is driven by increasing use of microarray technology (DNA Microarray) in diagnosis of cancer. According to World Health Organization (WHO), increasing incidences of cancer across the globe is supporting the growth of microarray analysis market. Moreover, increasing use of microarray analysis in diagnosis of genetic diseases, diagnostics, genome mapping and sequencing have been pivotal in contributing to the extensive growth of the global microarray market. However, DNA microarray is incapable of exhibiting changes for protein levels, which is an important criterion in detecting toxicity effect on the body. Moreover, complexity of data obtained through DNA microarray analysis is likely to restrain the market to a certain extent.
"The global Microarray Analysis Market is estimated to be valued over USD 7.83 Bn by 2030, It is anticipated to reach a CAGR over 6.91% during the forecast period from 2022 to 2030."
Microarray Analysis Market by Region
The global microarray market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW).North America dominated the market of microarrays, followed by Europe and Asia Pacific. North America will continue to dominate the global microarray market in the forecast period owing to factors such rising incidence of cancer, increasing use of microarray in diagnosis of genetic diseases and technological advancements among others. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, Japan and India. Factors such as increased concentration on personalized medicine and highly advanced hospital infrastructure are likely to attract patients from different parts of the world.
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COMPANY PROFILES (Business Overview, Products & Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
- Thermo Fisher Scientific, Inc.
- Agilent Technologies, Inc.
- Molecular Devices LLC
- Perkinelmer Inc.
- Illumina
- GE Healthcare
- Bio-Rad Laboratories Inc.
- Merck KGaA
- Microarrays, Inc.
- Arrayit Corporation
Table of contents:
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2020 ; Base Year – 2021 ; Forecasted Years – 2022 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottoms Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecasting Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Regulatory Landscape Assessment
- Application Horizon Assessment
- Technological Advancements
- GLOBAL MICROARRAY ANALYSIS MARKET- ANALYSIS & FORECAST, BY PRODUCT & SERVICE
- Instruments
- Consumable
- Software and Services
- GLOBAL MICROARRAY ANALYSIS MARKET- ANALYSIS & FORECAST, BY TYPE
- Protein Microarray
- DNA Microarray
- Other Microarrays
Continued...
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Vendor Assessment
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Microarray Analysis Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC's Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
Technology Assessment
Technology dramatically impacts business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.
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Business Ecosystem Analysis
Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Report Coverage
Microarray Analysis Market Dynamics, Covid-19 Impact on the Microarray Analysis Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Microarray Analysis Market Sizing, Analysis Tables
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Vendor Profiles Covered
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Microarray Analysis Market report (25 Vendor Profiles)
Key Questions Answered in This Report:
- What is the potential of the Microarray Analysis Market?
- What is the impact of COVID-19 on the global Microarray Analysis Market?
- What are the top strategies that companies adopting in Microarray Analysis Market?
- What are the challenges faced by SME’s and prominent vendors in Microarray Analysis Market?
- Which region has the highest investments in Microarray Analysis Market?
- What are the latest research and activities in Microarray Analysis Market?
- Who are the prominent players in Microarray Analysis Market?
- What is the potential of the Microarray Analysis Market?
Current and Future Trends Analysiss
Keeping up with the latest trends is a great way to bring in more customers. When it comes to trends, stakeholders see what's on the surface., Researchers at MDC continually monitor a given market to identify and track emerging trends. These reports are updated regularly so that stakeholders can take advantage of the latest trends and generate revenues.
Indeep Understanding of Industry
Industry analysis provides a company with an understanding of its position relative to other companies in the industry. This can help them identify opportunities and potential threats, so they can prepare for the present and future. MDC Research helps organizations to figure out what's happening in a given industry, including demand and supply statistics, degree of competition, state of competition with other emerging industries, future prospects considering technological changes, and external factors on the industry.
Focused Region/Country Assessment
Demographic analysis is a crucial component of any study on market growth. The MDC Research team assesses every region and country and examines the key points that have a large impact on the growth of a market.
The Impact of COVID-19 on Present and Future Market
MDC Research closely monitors the global outbreak of a new strain of the coronavirus (COVID-19), and it's impact on the total value chain. To provide optimum service to our stakeholders, MDC has assembled a team to evaluate developments, restructure information as needed, and ensure that the information is timely and pertinent.
Analyzing Government Policies / Initiatives / Regulations
Many sectors of the business world have long criticized government regulation as irrational hindrances to profits, economic efficiency, and job creation. The MDC research analysis of government policies, initiatives, and regulations helps stakeholders meet regulatory compliance and benefit from government initiatives in the respective industry.
Competitive Benchmarking
Today's competitive benchmarking is an opportunity to analyze how a company's competitors are performing and to consider their strengths and weaknesses in relation to your own company's performance. MDC research professionals help our stakeholders to keep track of competitors, identify improvement areas, increase profits, design better go-to-market strategies.
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