A recent report published by Infinium Global Research on
microarray market provides in-depth analysis of segments and sub-segments in
global as well as regional microarray market. The study also highlights the
impact of drivers, restraints and macro indicators on the global and regional
microarray market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
microarray market. According to the report, the global microarray market is
projected to grow at a CAGR of 14.50% over the forecast period of 2018-2024.
Product innovations in microarray technology have provided deep insight that for particular species, many arrays can be studied parallel. Moreover, product innovations also result in the adoption of the microarray technique in healthcare and the development of biological products such as vaccines and therapeutic proteins. Furthermore, innovation trends in DNA microarray development such as Agilent technology, probe technology, and glass arrays are anticipated to further drive the market. The emergence of microarrays in genomics and proteomics is one of the key factor driving the growth of the microarray market over the forecast period. The genomics and proteomics technologies are used in gene expression analysis like expanding gene family size and discovering new categories of genes, mutation screening, genotyping and protein interaction studies.
The report on global microarray market covers segments such as product type, technology, and application. On the basis of product type, the global microarray market is categorized into instruments and consumables. On the basis of technology, the global microarray market is categorized into protein microarray, tissue microarray, LOC and DNA microarray. On the basis of application, the global microarray market is categorized into disease diagnosis and development, gene expression and other.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific the region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global microarray market such as GE Healthcare, Illumina, Merck, Agilent Technologies, AXO Science, Thermo Fisher Scientific, Cepheid, Arrayit, Phalanx Biotech and Biometrix Technology.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global microarray market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of microarray market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the microarray market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the microarray market to understand the present and future trends in this market and formulate their strategies accordingly.
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