How is the DNA Microarray Market Poised for Growth: Trends and Opportunities Through 2034
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What is the Predicted Annual Growth Rate of the DNA Microarray Market Over the Coming Decade?
In recent years, there has been significant growth in the size of the DNA microarray market. It is projected to increase from $3.38 billion in 2024 to $3.79 billion in 2025, recording a compound annual growth rate (CAGR) of 12.3%. The observed growth during the historical period is largely due to factors such as developments in pharmacogenomics, improvement in healthcare infrastructure, collaborations and partnerships, cost reduction, and enhanced public awareness and education.
There is an anticipation for considerable growth in the DNA microarray market over the next couple of years. The market size is set to reach $5.98 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.1%. Factors contributing to this growth during the forecast period include the advancement of personalized medicine, the introduction of comparative genomic hybridization (CGH), the expansion in the field of agricultural genomics, the setting of regulations and standards, and the increasing rates of chronic diseases. Expected trends that will be observed in this forecast period include improvements in genomic research, increased investment in genomic studies, the emergence of new technologies, integration with various other technologies, and overall technological progress.
How Are the key drivers expanding the growth of the DNA Microarray Market?
The rise in the uptake of personalized medicine is anticipated to fuel the expansion of the DNA microarray market. Personalized medicine modifies medical care to fit the unique attributes of each patient, taking into account genetic, environmental, and lifestyle components to maximize treatment effectiveness and results. The fast growth of ‘omics’ technology, data integration, genetics, and understanding of the importance of customized patient-specific medications and preventive measures have led to the emergence of personalized medicine. DNA microarrays facilitate personalized medicine by examining gene expression trends, which enables the creation of treatment strategies tailored to a person’s genetic makeup. For example, in February 2024, the Personalized Medicine Coalition, a non-profit entity based in the US, reported that the FDA gave approval to 16 new personalized therapies for patients suffering from rare conditions in 2023, a significant increase compared to 6 in 2022. As such, the accelerated uptake of personalized medicine is propelling the DNA microarray market.
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What Are the Major Players Making an Impact in the DNA Microarray Market’s Growth?
Major companies operating in the DNA microarray market are:
• Robert Bosch GmbH_x000D_
• DENSO Corporation_x000D_
• Continental AG_x000D_
• Northrop Grumman Corporation_x000D_
• Honeywell International Inc._x000D_
Which Upcoming Trends Are Set to Influence the DNA Microarray Market’s Path Forward?
Leading firms in the DNA microarray market are striving to introduce advanced technology that boasts a two-day turnaround time as a strategy to outperform their competition. The fast results provided by microarray analysis facilitate swift and competent research and clinical decision-making. For example, Thermo Fisher Scientific Inc., a prominent biotechnology company from the US, launched the Applied Biosystems CytoScan HD Accel array in August 2023. This cutting-edge chromosomal microarray targets to boost productivity, efficiency, and profitability in cytogenetic research labs through its remarkable two-day turnaround time. The CytoScan HD Accel array carries out whole-genome analysis with enhanced focus on over 5,000 critical genomic areas, providing valuable data on chromosomal variants for various applications in prenatal, postnatal, and cancer research.
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Which Key Segments of the DNA Microarray Market Are Poised for Growth and Innovation?
The DNA microarray market covered in this report is segmented –
1) By Type: Complementary DNA Microarrays, Oligonucleotide DNA Microarrays, Other Types
2) By Application: Gene Expression Analysis, Genotyping, Other Applications
3) By End-user: Pharmaceutical And Biotechnology Companies, Diagnostic Centers, Hospitals And Clinics, Academic And Research Institute, Other End-Users
Subsegments:
1) By Complementary DNA Microarrays: Gene Expression Profiling, Comparative Genomic Hybridization (CGH), Quantitative Analysis
2) By Oligonucleotide DNA Microarrays: Gene Expression Microarrays, Single Nucleotide Polymorphism (SNP) Arrays, DNA Methylation Arrays, Pathogen Detection Arrays
3) By Other Types: Protein-DNA Microarrays, Tissue Microarrays, Affinity Microarrays, Spotted DNA Microarrays
What Regions Are Steering Growth in the DNA Microarray Sector?
North America was the largest region in the DNA microarray market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA microarray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the DNA Microarray Market Classified and Defined in Market Analysis?
A deoxyribonucleic acid (DNA) microarray is a powerful tool used in molecular biology to simultaneously measure the expression levels of thousands of genes. It consists of tiny spots, or probes, containing known DNA sequences immobilized on a solid surface. When a sample containing fluorescently labeled DNA is applied to the microarray, the degree of fluorescence at each spot indicates the expression level of the corresponding gene, allowing researchers to study gene expression patterns and identify biomarkers associated with various diseases or experimental conditions.
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