DUBLIN, Jan. 26, 2022 /PRNewswire/ -- The "Microarray Market 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The global microarray market is anticipated to grow at a substantial CAGR of 7.8% during the forecast period. The global microarray market is driven by the rising prevalence of cancer as well as increased funding for genomic research.

Additionally, the rapidly evolving information and software technology, as well as emerging bioinformatics, are also some of the factors driving the microarray market, making it cost-effective, dependable, and long-lasting. However, a lack of skilled professionals and the growing penetration of next-generation DNA sequencing techniques are considered to address significant challenges to market growth.

The global microarray market witnessed positive growth during the COVID-19 pandemic as huge efforts to manufacture vaccines, develop new drugs, deployment of test kits was fueling the growth of the biotechnology sector. The COVID-19 pandemic has also increased the use of microarrays techniques in pharmaceutical research.

The global microarray market is segmented based on type, and application; Based on type, the market is segmented into DNA microarrays, protein microarray, peptide microarray, tissue microarray, and others (cellular microarray). Further based on application, the market is segregated into diagnosis and prognosis, Pharmacogenomics and theragnostic, and drug discovery, and others. The DNA Microarray segment is expected to have a significant share of the global microarray market attributing to the increasing applications of the DNA microarray approach in various sectors, such as gene expression, proteomics, disease monitoring, and drug discovery.

Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific is the fastest-growing market for microarray. Factors such as increased emphasis on personalized medicine, an increase in cancer diagnostic rates, and technological advancements are largely responsible for fueling the growth of this market. The Asia-Pacific region is also expected to grow significantly as a result of increased government funding in the healthcare sector. As per IBEF, the healthcare sector in India received $679 million in investment in 2018. These government initiatives are expected to increase demand for microarrays used in research, therefore, fueling the demand for microarrays in the Asia-Pacific market.

Market Segmentation

The Report Covers

Key Topics Covered:

1. Report Summary

2. Market Overview and Insights2.1. Scope of the Report2.2. Analyst Insight & Current Market Trends2.2.1. Key Findings2.2.2. Recommendations2.2.3. Conclusion2.3. Regulations

3. Competitive Landscape3.1. Key Company Analysis3.1.1. Overview3.1.2. Financial Analysis3.1.3. SWOT Analysis3.2. Key Strategy Analysis3.3. Impact of COVID-19 on key players

4. Market Determinants4.1. Motivators4.2. Restraints4.3. Opportunities

5. Market Segmentation5.1. Global Microarray Market by Type5.1.1. DNA Microarrays5.1.2. Protein Microarray5.1.3. Peptide Microarray5.1.4. Tissue Microarray5.1.5. Others (Cellular Microarray)5.2. Global Microarray Market by Application5.2.1. Diagnosis and Prognosis5.2.2. Pharmacogenomics and Theragnostic5.2.3. Drug Discovery5.2.4. Others

6. Regional Analysis

7. Company Profiles7.1. Abcam PLC7.2. Agilent Technologies, Inc.7.3. Applied Microarrays, Inc.7.4. Arrayit Corp.7.5. Aurora Biomed Inc.7.6. Bio-Rad Laboratories, Inc.7.7. F. Hoffmann-La Roche Ltd.7.8. Merck KGaA7.9. Meso Scale Diagnostics, LLC.7.10. Origene Technologies, Inc.7.11. Pantomics, Inc.7.12. Partek, Inc.7.13. PerkinElmer, Inc.7.14. Takara Bio, Inc.7.15. Thermo Fisher Scientific, Inc.7.16. US Biomax, Inc.7.17. Illumina, Inc.7.18. Indevr, Inc.7.19. Luminex Corp.7.20. RayBiotech, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/cjcawv

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Outlook on the Microarray Global Market to 2027 - by Type, Application and Region - PRNewswire