DNA and Gene Chip Market Growth Status, Regional Trends Forecast To 2028

According to Precision Business Insights (PBI), the latest report, the DNA and gene chip market size is expected to be valued at USD 4,567.2 million in 2022 and is poised to grow at a significant CAGR of 11.8% over 2022-2028. The primary drivers of the expansion of the global DNA and gene chip market include technological advancements in computational biology, robotics, fabrication methods for microarrays, mergers, launching of new products, and massive investment in research, and development sectors.

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Cancer Diagnosis and Treatment Segment to Dominate the DNA and gene chip Market:
On the basis of applications, the global DNA and gene chip market is segmented into gene expression, proteomics, genomics, drug discovery, cancer diagnosis & treatment, agricultural biotechnology, and others. Among them, the cancer diagnosis and treatment segment is expected to account for a larger revenue share in the global DNA and gene chip market, with a value share worldwide. It is expected to maintain its growth in the upcoming years due to the rising demand for targeted cancer therapies and cancer genomic profiles. Hence, the cancer diagnosis and treatment segment will drive the global market in the forecasted years.

Asia Pacific DNA and gene chip Market:
The Asia Pacific market is expected to increase in the global DNA and gene chip market over the forecast period. The Asia Pacific market is expanding as a result of the growing prevalence of various chronic diseases and various types of cancers and the high adoption rate of DNA microarray technology. North America held considerable market share during the estimated period owing to the well-developed healthcare facilities, the presence of key players in the region, and rapid investments in advanced DNA microarray products.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global DNA and gene chip market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

The dna and gene chip market is segmented based on product type, products, application, end-user, and geography:
Based on the types, the market is segmented into the following:
• Consumables
• Instruments

Based on the product, the market is segmented into the following:
• Oligonucleotide DNA microarrays
• Complementary DNA microarrays
• BAC Clone chips
• Others

Based on the application, the market is segmented into the following:
• Gene Expression
• Proteomics
• Genomics
• Drug Discovery
• Cancer Diagnosis & Treatment
• Agricultural Biotechnology
• Others

Based on the end user, the market is segmented into the following:
• Academic & Government Research Institutes
• Hospitals and Diagnostics Centers
• Biotechnology and Pharmaceutical Companies
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the DNA and gene chip market report are Thermo Fisher Scientific, Agilent Technologies, Illumina, Perkin Elmer, Arrayit Corporation, Macrogen Inc, Asper Biotech, CapitalBio Corporation, Greiner Bio-One International GmbH, Microarrays Inc, Oxford Gene Technology, TOSHIBA HOKUTO ELECTRONICS CORPORATION, Savyon Diagnostics, and Applied Micro Arrays.

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This release was published on openPR.