Press release
Microarray Analysis Market: Driving Forces and Growth Opportunities
Microarray Analysis Market
A major driver of the microarray market is the increasing prevalence of cancer worldwide. For instance, DNA microarrays are vital for diagnosing breast cancer by identifying mutations in the BRCA1 and BRCA2 genes. According to estimates from the American Cancer Society, the U.S. anticipates approximately 287,850 new breast cancer cases and 43,250 related deaths in 2022. Additionally, the development of new medications and the growing use of microarrays for molecular disease identification are expected to further propel market growth.
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Despite the positive outlook, the microarray analysis market faces challenges. High costs associated with conducting microarray tests and the limitations related to analyzing large volumes of transcripts may hinder revenue growth. These tests are limited to pre-defined genetic sequences and require existing genomic data. Other concerns include issues with accuracy and sensitivity to changes in testing conditions, which could lead to varying results based on sample quality and handling.
A notable trend within the market is the integration of omics technologies, which combines microarray analysis with advancements in bioinformatics and Next-Generation Sequencing (NGS). This approach enhances data interpretation and enables researchers to gain a comprehensive understanding of genomic information. For example, Illumina and SomaLogic recently collaborated to integrate the SomaScan Proteomics Assay with Illumina's NGS platforms, allowing researchers to link genetic data with cellular functions, potentially improving therapeutic outcomes.
Market Segmentation Insights
The global microarray analysis market can be divided into segments based on products and services, applications, and end users.
Product & Service Segments:
The consumables segment leads the market, driven by the frequent need for various materials used in microarray analysis. These consumables include plastic and glass slides essential for gene scanning.
The increasing number of research institutions and diagnostic laboratories is anticipated to further boost the consumables market.
Application Segments:
Research applications are expected to grow steadily due to increased funding for genomics and proteomics. For instance, Genomics Canada provided funding of USD 18 million to promote advanced diagnostics in various diseases, including cancer and Alzheimer's.
The disease diagnostics segment is projected to see the largest growth, enabled by microarray technology's ability to identify genetic variants linked to diseases. This method supports early diagnosis and personalized treatment plans, aligning with the rising demand for precision medicine.
End-Use Segments:
Research and academic institutes are set to experience the fastest growth in microarray usage, particularly in drug research and development. Notable agreements, such as Illumina's collaborations with various universities, emphasize the technology's role in uncovering genetic causes of diseases.
Pharmaceutical and biotechnology companies will maintain a significant market share, bolstered by strategic acquisitions aimed at enhancing product offerings in this sector, exemplified by Thermo Fischer Scientific's acquisition of Affymetrix in 2019.
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Microarray Analysis Top Companies and Competitive Landscape
The global microarray analysis market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective microarray analysis products in the market.
Some major players included in the global microarray analysis market report are:
Illumina, Inc.
Agilent Technologies, Inc.
Thermo Fisher Scientific, Inc.
Merck KGaA
PerkinElmer, Inc.
Arrayit Corporation
Bio-Rad Laboratories, Inc.
GE Healthcare
Molecular Devices, LLC.
Affymetrix
RayBiotech Life, Inc.
Full Moon BioSystem, Inc.
CapitalBio Technology Co., Ltd.
Microarray Inc.
QIAGEN
Microarray Analysis Latest Industry Updates
In January 2023, Agilent Technologies, Inc. introduced the SureSelect Human All Exon V9, a new microarray platform. This platform provided scientists with a cutting-edge method for thorough genetic analysis, making it possible to quickly and precisely identify genetic variants linked to various diseases. The SureSelect Human All Exon V9 microarray has significantly accelerated research in fields including population genetics, uncommon genetic disorders, and oncology owing to its comprehensive perspective of the human exome.
In November 2021, Illumina, Inc. and Seqll Inc., a creator of cutting-edge sequencing technologies, established a strategic partnership. This partnership aimed to improve long-read sequencing capabilities by fusing SeqLL's exclusive Long-Read Sequencing technology with Illumina's sequencing through microarray devices. This collaboration aims to overcome problems in genomic research and make it possible for scientists to better understand intricate biological systems.
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Microarray Analysis Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global microarray analysis market on the basis of product & service, type, application, end-use, and region:
Product & Service Outlook (Revenue, USD Billion; 2019-2032)
Consumables
Instruments
Software and Services
Type Outlook (Revenue, USD Billion; 2019-2032)
DNA Microarray
Deoxyribonucleic Acid (cDNA) Microarray
Bacterial Artificial Chromosome (BAC) Microarray
Single Nucleotide Polymorphism (SNP) Microarray
Oligo Microarray
Protein Microarray
Analytical Protein Microarray
Functional Protein Microarray
Reverse-Phase Protein Microarray
Peptide Microarray
Application Outlook (Revenue, USD Billion; 2019-2032)
Research Applications
Drug Discovery
Disease Diagnostics
Other Applications
End-use Outlook (Revenue, USD Billion; 2019-2032)
Research & Academic Institutes
Pharmaceutical & Biotechnology Companies
Diagnostic Laboratories
Other End Use
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of Middle East & Africa
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Microarray Analysis Market Size @ https://www.emergenresearch.com/industry-report/microarray-analysis-market/market-size
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