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What key factors are powering the surge in the microarray market right now?

The market size for microarray has experienced robust growth in recent years. Its size will increase from $5.19 billion in 2024 to $5.63 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.5%. Factors such as a surge in genomic research, increased interest in personalized medicine, advances in pharmaceutical drug discovery, breakthroughs in cancer research, and the proliferation of biotechnology and life sciences have all contributed to the growth during the historical period.

How fast Is the microarray market expected to grow, and what’s its future value?

It’s projected that the microarray market will experience significant expansion in the coming years, soaring to “$8.27 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%. This prospective increase during the forecast period can be traced back to the fast-paced advancement in molecular diagnostics, the advent of precision medicine, broader application in agriculture, growth of microbiome research, and technological upgrades in healthcare. Key trends for the forecast timeframe involve improvements in the tools used for microarray data analysis, emphasis on biomarker identification related to neurological illnesses, usage in infectious disease studies, application in functional genomics research, and growing usage in the domain of drug discovery and development.

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What are the leading drivers of growth in the microarray market?

The escalation of cancer cases is predicted to propel the expansion of the microarray market. Cancer is characterized by certain cells in the body multiplying uncontrollably and invading other parts of the body. The surge in cancer instances is attributed to growing established cancer risk factors, contact with certain chemicals, an aging demographic, and prevalent cancers including breast, lung, and bronchial cancers. In these situations, microarray facilitates scientists in identifying gene expression alterations potentially linked to cancer. For example, the American Cancer Society, a US-based volunteer health organization, projected in January 2023 that roughly 9,910 children below the age of 15 in the US will be diagnosed with cancer. It is also estimated that approximately 1,040 children under the age of 15 are anticipated to succumb to cancer in 2023. Hence, the escalation in the occurrence of cancer cases is bolstering the growth of the microarray market.

What are the key segments defining the microarray market?

The microarray market covered in this report is segmented –

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

Subsegments:

1) By DNA Microarray: CDNA Microarray, Oligonucleotide Microarray, SNP Microarray, Comparative Genomic Hybridization (CGH) Microarray

2) By Protein Microarray: Antibody Microarray, Antigen Microarray, Receptor Microarray, Enzyme Microarray

3) By Other Types: Cell Microarray, Tissue Microarray, RNA Microarray

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Who are the key players steering the development of the microarray market?

Major companies operating in the microarray market include 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, RayBiotech Life Inc., NextGen Sciences Inc., PathogenDx Inc., Schott Minifab AG, Full Moon Biosystems Inc., CapitalBio Technology Co. Ltd., Roche Diagnostics, Ltd., BioGenomics Limited, BioMicro Systems Inc., Biostatus Limited, Biotechrabbit GmbH, Affymetrix Inc., SCIENION AG, INanoBio Inc.

What emerging trends are influencing the growth of the microarray market?

One significant trend that is becoming increasingly popular within the microarray sector is product innovation. To enhance their market position, primary players within the market are focusing on developing innovative products. For example, in August 2023, US-based Thermo Fisher Scientific Inc., a company well-known for supplying analytical instruments, life sciences solutions, specialty diagnostics, and lab, pharma, and biotech services, launched its groundbreaking product, the Applied Biosystems CytoScan HD Accel array. Designed to augment productivity, efficiency, and profitability in cytogenetic research labs, this cutting-edge array promises a leading, two-day turnaround time, marking a considerable advancement within the sector. The array performs thorough analysis of the complete human genome. It covers over 5,000 crucial genomic regions, providing in-depth insights into chromosomal inconsistencies. This breakthrough technology has broad applications, from prenatal and postnatal research to cancer-related studies.

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Which regions are most influential in expanding the microarray market?

North America was the largest region in the microarray market in 2024.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

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