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Tissue Microarray Market Trends, Top Companies, Share, Growth And Forecast 2033
Tissue Microarray Market Trends
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According to The Business Research Company's, The tissue microarray market size has grown rapidly in recent years. It will grow from $11.17 billion in 2023 to $12.36 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to rise of precision medicine, drug discovery and development, efficient analysis, rising prevalence of chronic diseases, biobanking initiatives.
The tissue microarray market size is expected to see rapid growth in the next few years. It will grow to $18.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to emergence of digital pathology, expanded applications, growing biopharmaceutical industry, regulatory support and standards, ai and machine learning integration. Major trends in the forecast period include advancements in imaging technologies, development of 3d tissue microarrays, high-content screening, standardization initiatives, single-cell analysis integration.
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Market Drivers and Trends:
The growing number of cancer cases is expected to propel the growth of the tissue microarray market going forward. Cancer is a category of illnesses that can develop in any organ or tissue in the body when aberrant cells proliferate uncontrollably, cross their usual boundaries, and either spread to other organs or invade neighboring body parts. Tissue arrays are used in oncology to examine the expression of cancer-related biomarkers in various tumor samples. For instance, in January 2023, according to the American Cancer Society Inc., a US-based non-profit organization, it is anticipated that there will be 609,820 cancer deaths and 1,958,310 new cancer cases in the US during 2022. Therefore, the growing number of cancer cases is driving the growth of the tissue microarray market.
Strategic partnerships are a key trend gaining popularity in the tissue microarray market. Major companies operating in the tissue microarray market are undergoing partnerships to develop a new relationship in which two or more organizations develop tissue microarray technologies. For instance, in November 2022, The Cureline Group, a US-based translational and precision medicine CRO providing HBS biobanking and laboratory services, partnered with Cellecta Inc., a US-based provider of RNAi and CRISPR screening products and services, to launch Tissue 2 Target Services, a new strategic alliance to combine the companies' critical competencies in molecular analysis of cells and tissues and human biospecimen management to offer pre-clinical and translational research facilities specializing in gene target and biomarker discovery services that streamline workflows. Furthermore, in September 2022, Ultivue Inc., a US-based biotechnology company that develops reagent-based solutions that maximize the biological information available from cells and tissue samples, partnered with ngTMA, a Switzerland-based Translational Research Unit (TRU) platform of the University of Bern that develops novel workflows for tissue microarray construction. This partnership plans to advance multiplexed immunofluorescence (mIF) assays and apply new TMA technologies to unlock spatial analysis in scientific research and enhance the caliber of TMAs used in clinical and translational research.
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Major Key Players of the Market:
Roche Group, Merck & Co. Inc., Thermo Fisher Scientific Inc., Becton, Dickinson Biosciences, Agilent Technologies Inc., Illumina Inc., Bio-Rad Laboratories Inc., Qiagen NV, PerkinElmer Inc., Bio-Techne Corporation, Tristar Group, Evotec SE, Precision For Medicine Inc., Molecular Devices LLC, BioIVT LLC, BioChain Institute Inc., Creative Bioarray Co, 3DHISTECH Ltd., Novus Biologicals LLC, OriGene Technologies Inc., PREMIER Biosoft International Inc., iSpecimen Inc., OriGene Technologies Inc., Bio SB Inc., ProteoGenex Inc., Z Biotech LLC
Tissue Microarray Market 2024 Key Insights:
• The tissue microarray market size is expected to see rapid growth in the next few years. It will grow to $18.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
• The Surging Cancer Cases Fueling Expansion In The Tissue Microarray Market
• Strategic Partnerships Drive Innovation And Advancements In The Tissue Microarray Market
• North America was the largest region in the tissue microarray market in 2023
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