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Microarray Analysis Market by Product & Service, Type, Application, End User - Global Forecast to 2023

Microarray Analysis Market: Global Forecast until 2023

  • August 2018
  • 116 pages
  • ID: 5483805
In this report:
IN 2018, THE PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES SEGMENT IS EXPECTED TO ACCOUNT FOR A SHARE OF ##.##% OF THE GLOBAL MICROARRAY ANALYSIS MARKET.
IN 2018, NORTH AMERICA IS EXPECTED TO COMMAND THE LARGEST SHARE OF ##.##% OF THE GLOBAL MICROARRAY ANALYSIS MARKET, FOLLOWED BY EUROPE WITH A SHARE OF ##.##%.

Summary

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The overall microarray analysis market forecasted to grow at a compound annual growth rate (CAGR) of 7.6% during the forecast horizon.

The microarray analysis market is forecasted to reach ~$5.5B by 2023 from ~$3.8B in 2018, at a compound annual growth rate (CAGR) of 7.60 percent. The main factors driving the increase of this market are the increasing application areas of microarrays, growing incidence of cancer, and rising funding for genomic and proteomic research. On the other hand, the emergence of NGS as an effective alternative to the microarray technology could hinder market increase to a certain extent.

The industry research and academic institutes segment controled the sector in 2018

On the basis of end users, the microarray analysis market has been split into research and academic institutes, diagnostic laboratories, pharmaceutical and biotechnology firms, and other end users.In 2018, the industry research and academic institutes segment is forecasted to account for the biggest share of the microarray analysis market.

The big share of this segment is primarily attributed to the growing funding and increasing initiatives by governments to support academic genomic and proteomic research projects.

The DNA microarray segment is forecasted to grow at a quick rate during the analysis period.

Established on the type, the microarray analysis market is divided into DNA microarrays, protein microarrays, and other microarrays. The DNA microarray segment is anticipated to grow at the quickest rate during the forecast period due to the use of DNA microarrays in different applications including drug discovery, genomic and cancer research, personalized medicine, genetic disease diagnosis, and several diseases.

Asia-Pac is expected to register the highest compound annual growth rate (CAGR) during the study period.

In this analysis, the microarray analysis market is broken down into four main regional segments-North America, EU, Asia Pacific (APAC), and the Rest of the globe.The microarray analysis market in the Asia Pacific is expected to register the maximum growth rate during the outlook period.

Rising biotechnology and pharmaceutical research in the territory is a main driving factor for this sector.

The primary interviews conducted for this market report can be categorized as follows:

• By Company category - Tier 1 - 70.0 percent and Tier 2 - 30.0 percent

• By Description - C-suite - 62.0 percent, D-level - 21.0 percent, Others - 17.0 percent

• By Area - North America continent - 50.0 percent, Europe (EU) - 20.0 percent, Asia Pacific (APAC) - 30.0 percent

The main players in the microarray analysis market contain Thermo Fisher Scientific (NYSE:TMO), Agilent Technologies (NYSE:A), Molecular Devices, PerkinElmer Inc., Illumina, Incorporated, GE Healthcare (GE subsidiary), and Bio-Rad Laboratories Inc..

Segment Research

The report analyses the microarray analysis market by product and service, category, application, end-user, and area.Apart from comprehensive geographic product study and sizing of market, the study also offers a competitive analysis that includes the increase strategies approved by sector actors over the last three years.

Additionally, the corporation reviews contain the product types, advancements, and strategies approved by prominent market actors to maintain and rise their companies in the industry. Market research data, current market size, and forecast of the future trends will facilitate top market players and new sector entrants to make the essential decisions regarding product offerings, geographic focus, change in strategic way, and levels of output to remain successful in the market.

Main highlights

This business report will allow both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate these companies collect greater segment market share. Companies obtaining the analysis can use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product portfolios of the main actors in the microarray analysis market

• Product Development/Innovative products: In-depth understanding on the product approvals, Research&development activities, and launches of new product in the microarray analysis market

• opposing assessment: In-depth assessment of the market strategies, geographic and industry segments, and product review of the main players in the microarray analysis market

• Market Development: Highlighted information about emerging sectors. This industry report examines the sector for different microarray review across geographies

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the microarray analysis market

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