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

Market Size and Growth Rate

• Current Market Size: The DNA microarray market was valued at $3.02 billion in 2023.
• Projected Growth: It is expected to grow to $3.38 billion in 2024, at a CAGR of 12.0%.
• Future Projections: The market size is anticipated to reach $5.34 billion by 2028, growing at a CAGR of 12.1%.

Historic Growth Drivers

• Pharmacogenomics: Increasing application of pharmacogenomics.
• Healthcare Infrastructure: Development of healthcare infrastructure.
• Collaborations and Partnerships: Strategic alliances and partnerships.
• Cost Reduction: Decreasing costs associated with DNA microarray technology.
• Public Awareness: Growing public awareness and education about genetic testing.

Future Growth Drivers

• Personalized Medicine: Expansion of personalized medicine approaches.
• Comparative Genomic Hybridization (CGH): Emergence of CGH technologies.
• Agricultural Genomics: Growth in agricultural genomics applications.
• Regulatory Approvals: Streamlined regulatory approvals and standards.
• Chronic Diseases: Rising prevalence of chronic diseases necessitating advanced diagnostics.

View More On The DNA Microarray Market Report 2024 – https://www.thebusinessresearchcompany.com/report/dna-microarray-global-market-report

Personalized Medicine Drives DNA Microarray Market Growth

Key Role of Personalized Medicine

• Tailored Treatments: Personalized medicine focuses on tailoring medical treatments to individual patient profiles.
• Technological Integration: Utilizes ‘omics’ technologies and genetic data.
• FDA Approvals: Significant increase in FDA-approved personalized therapies.
• Example: In February 2024, the FDA approved 16 novel personalized therapies, up from 6 in 2022.

Contribution to Market Growth

• Gene Expression Analysis: DNA microarrays enable analysis of gene expression patterns.
• Treatment Plans: Facilitates the development of tailored treatment plans based on genetic profiles.

Major Players in the DNA Microarray Market

Leading Companies

• Key Players:Roche Holding AG, Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., bioMérieux SA, Schott AG, Bio-Rad Laboratories Inc., QIAGEN N.V., Bioneer Corporation, CapitalBio Technology Co. Ltd., Eurofins Genomics LLC, Savyon Diagnostics Ltd., Oxford Gene Technology, Sengenics Corporation LLC, Affymetrix, BioCat GmbH, Scienion AG, LC Sciences, Arrayit Corporation, Akonni Biosystems Inc., Arraystar Inc., Febit Holding GmbH.

Advancement in DNA Microarray Technology with Two-Day Turnaround

Technological Innovations

• Two-Day Turnaround: Focus on reducing turnaround times for faster results.
• Thermo Fisher’s CytoScan HD Accel Array: Introduced in August 2023, offering whole-genome analysis with improved coverage.
• Applications: Significant for prenatal, postnatal, and oncology research.

Competitive Edge

• Efficiency: Enhances research and clinical decision-making processes.
• Productivity: Increases productivity and profitability in research labs.

SCHOTT AG Acquires Applied Microarray Inc.

Strategic Acquisition

• Acquisition Details: SCHOTT AG acquired Applied Microarray Inc. in October 2021.
• Purpose: To enhance SCHOTT’s point-of-care microarray solutions.
• Applications: Focus on infectious disease detection.

DNA Microarray Market Segmentation

By Type

• Complementary DNA Microarrays
• Oligonucleotide DNA Microarrays
• Other Types

By Application

• Gene Expression Analysis
• Genotyping
• Other Applications

By End-user

• Pharmaceutical and Biotechnology Companies
• Diagnostic Centers
• Hospitals and Clinics
• Academic and Research Institutes
• Other End-users

Regional Insights

Largest Market

• North America: The largest region in the DNA microarray market in 2023.

Fastest-Growing Region

• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

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