The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The microarray scanners market has witnessed robust growth in recent years, with its size escalating from $0.89 billion in 2023 to $0.97 billion in 2024, marking a Compound Annual Growth Rate (CAGR) of 8.2%. The growth has been underpinned by various factors including increased genomic research, expansion of the pharmaceutical industry, and heightened activity in academic and research institutes.

Projecting Future Expansion

Anticipating a strong upward trajectory, the market is forecasted to surge to $1.28 billion by 2028, exhibiting a CAGR of 7.2%. This growth is propelled by the burgeoning focus on pharmacogenomics, surging demand for biobanking facilities, and an expanding scope of applications for microarrays. Notable trends in the forecast period encompass intensified cancer research, technological innovations, and strategic collaborations.

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Rising Prevalence of Chronic Diseases Boosts Growth Prospects

Chronic Diseases: A Catalyst for Market Expansion

The escalating prevalence of chronic diseases stands as a driving force behind the burgeoning microarray scanners market. These illnesses, enduring for three months or longer, prompt researchers to delve into gene expression patterns. Microarray scanners play a pivotal role in scrutinizing molecular mechanisms underpinning chronic diseases, aiding in the identification of potential biomarkers for diagnosis, prognosis, and treatment.

Statistics Paving the Path

According to the National Center for Biotechnology Information (NCBI), chronic disease cases are anticipated to surge to 142.66 million globally by 2050 from 71.522 million in 2020. This impending rise underscores the indispensable role of microarray scanners in combating chronic diseases.

Innovative Products Propel Market Growth

Embracing Product Innovations

Innovation emerges as a key trend propelling the microarray scanners market forward. Major players are actively engaged in developing cutting-edge products to maintain their market stance. Notably, Zeiss introduced the ZEISS Axioscan 7, a next-generation microscopy slide scanner, boasting advanced features like higher scan speeds, enhanced imaging modes, and superior fluorescence imaging capabilities.

Strategic Collaborations Pave the Way Forward

Illumina and Somalogic: Forging a Strategic Alliance

In January 2022, Illumina Inc. and Somalogic joined forces to expedite next-generation sequencing into proteomics. This multi-year collaboration aims to integrate SomaLogic’s protein target volume with Illumina’s sequencing technologies, culminating in a comprehensive end-to-end NGS workflow solution.

Segmentation Overview

Breaking Down the Market

The microarray scanners market is segmented based on product type, technology, application, and end-user. This segmentation enables a more nuanced understanding of market dynamics and facilitates targeted strategies for stakeholders.

1. Product Type:
   • Fluorescence Microarray Scanners
   • Charge-coupled Devices Microarray Scanners
   • Colorimetric Microarray Scanners
   • Other Product Types
2. Technology:
   • Slide-based
   • Gel-based
3. Application:
   • Gene Expression
   • Drug Discovery
   • Other Applications
4. End User:
   • Hospitals
   • Diagnostic Laboratories
   • Pharmaceutical And Biotechnology Companies
   • Academic And Research Institutes

Regional Insights

North America Takes the Lead

In 2023, North America emerged as the dominant region in the microarray scanners market, indicating the region’s pivotal role in steering market dynamics.

In conclusion, the microarray scanners market is poised for substantial growth, fueled by factors such as the rising prevalence of chronic diseases, product innovations, strategic collaborations, and meticulous segmentation strategies. As stakeholders navigate this dynamic landscape, leveraging these insights will be critical in unlocking the market’s full potential and driving sustainable growth.

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