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DNA And Gene Chip Market Analysis By Major Players, Competitive Landscape And Outlook 2032 | Perkin Elmer Inc., Illumina Inc., Thermo Fisher Scientific Inc., Macrogen Inc., Agilent Technologies
DNA And Gene Chip Market Growth
The Business Research Company's DNA And Gene Chip Global Market Report 2023 identifies rising demand for early cancer detection as the major driver for the DNA And Gene Chip market's growth in the forecast period. Cancer is a broad class of conditions that can develop in practically any organ or tissue of the body when aberrant cells multiply uncontrollably, cross normal cell boundaries to invade nearby organs, and spread to other regions of the body. DNA and gene chips are used to measure gene expression patterns, determine the genetic and epigenetic landscape, and measure genomic regulatory elements bound by cancer transcription factors in cancerous cells.
The global DNA and gene chip market size is expected to grow from $6.47 billion in 2022 to $7.33 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The DNA and gene chip market size is expected to reach $11.71 billion in 2027 at a CAGR of 12.4%.
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Major competitors in the DNA And Gene Chip market are Perkin Elmer Inc., Illumina Inc., Thermo Fisher Scientific Inc., Macrogen Inc., Agilent Technologies, Greiner Bio-One International GmbH, CapitalBio Corporation, Microarrays Inc., bioMérieux SA., Applied Microarrays Inc., Biometrix Technology Inc., Oxford Gene Technology, Affymetrix Inc., Bioneer Corp., and Eurofins Mwg Operon.
A key trend in the DNA And Gene Chip market includes strategic partnerships and collaborations. Many companies operating in this sector looking for partnerships to strengthen their position in the DNA and gene chip market. For instance, in June 2022, Avesthagen Limited, an India-based integrated systems biology platform company, entered into a four-year strategic partnership with Wipro Limited, an India-based information technology company. Through this partnership, both companies execute the project titled cancer risk assessed by NGS profiling of circulating free DNA and RNA for lung cancer project-related genomics sequencing services. Further, in January 2020, Illumina Inc., a US-based biotechnology company involved in DNA sequencing and array-based technologies, partnered with Roche, a Switzerland-based pharmaceuticals and diagnostics company.
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The DNA And Gene Chip market is segmented -
By Type: Oligonucleotide DNA (o-DNA), Complementary DNA (c-DNA), Other Types
By Application: Cancer Diagnostics, Gene Expression, Proteomics, Genomics, Drug Discovery, Agrigenomics, Other Applications
By End User: Academic And Government Research Institutes, Biotechnology And Pharmaceutical Companies, Hospitals And Diagnostics Centers, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the DNA And Gene Chip market.
The Business Research Company's "Global DNA And Gene Chip Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The DNA And Gene Chip Market Include:
1. Executive Summary
2. DNA And Gene Chip Market Characteristics
3. DNA And Gene Chip Market Trends And Strategies
4. DNA And Gene Chip Market - Macro Economic Scenario
5. DNA And Gene Chip Market Size And Growth
……
26. Africa DNA And Gene Chip Market
27. DNA And Gene Chip Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The DNA And Gene Chip Market
29. DNA And Gene Chip Market Future Outlook and Potential Analysis
30. Appendix
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