Press release
DNA And Gene Chip Market: 13.4% CAGR, Market Size, Growth Drivers, and Market Trends
DNA And Gene Chip Market
What Is The Projected Market Size Of The Global DNA And Gene Chip Market And Its Growth Rate?
• The DNA and gene chip market size was valued at $8.19 billion in 2024.
• This market is forecasted to grow to $9.27 billion in 2025, with a compound annual growth rate (CAGR) of 13.1%.
• By 2029, the market size is expected to reach $15.35 billion, growing with a CAGR of 13.4%.
Factors contributing to this growth include advancements in precision medicine, expansion of biomarker discovery, growth of personalized therapeutics, application in cancer research, and increasing research funding.
What Is Driving The Growth In The DNA And Gene Chip Market?
The increasing demand for early cancer detection is a significant contributor to the growth of the DNA and gene chip market. By identifying gene expression patterns and determining the genetic and epigenetic landscape in cancerous cells, DNA and gene chips can provide valuable data for cancer diagnosis and therapeutics. According to the American Cancer Society, roughly 1.9 million new cancer cases and 609,360 cancer deaths are expected in the United States in 2022, underscoring the need for early detection technologies and treatments.
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Who Are the Key Players Driving DNA And Gene Chip Market Growth?
The DNA and gene chip market includes several key players such as:
• PerkinElmer Inc.
• Illumina Inc.
• Thermo Fisher Scientific Inc.
• Macrogen Inc.
• Agilent Technologies Inc.
• Greiner Bio-One International GmbH
• CapitalBio Corporation
• Microarrays Inc.
• bioMérieux SA
• Applied Microarrays Inc.
• Biometrix Technology Inc.
• Oxford Gene Technology IP Limited
• Bioneer Corporation
• Eurofins MWG Operon LLC
• F. Hoffmann-La Roche Ltd
• QIAGEN N.V.
• Bio-Rad Laboratories Inc.
• BioChain Institute Inc.
• Cepheid
• Eppendorf AG
• Fluidigm Corporation
• GE Healthcare
• Genisphere LLC
• Gyros Protein Technologies AB
• Hitachi High-Technologies Corporation
• LC Sciences
What Are The Key Trends In The DNA And Gene Chip Market?
Emerging trends in the DNA and gene chip market include:
• Technological advancements
• Product innovations
• Regulatory framework and compliance
• Focus on rare diseases
• Continuous reduction in costs
What Are The Segments Of The Global DNA And Gene Chip Market?
The global DNA and gene chip market is segmented by:
• Type: Oligonucleotide DNA (o-DNA), Complementary DNA (c-DNA), Other Types
• Application: Cancer Diagnostics, Gene Expression, Proteomics, Genomics, Drug Discovery, Agrigenomics, and Other Applications
• End User: Academic And Government Research Institutes, Biotechnology And Pharmaceutical Companies, Hospitals And Diagnostics Centers, and Other End Users
Which Region Leads The DNA And Gene Chip Market?
North America held the largest share of the DNA and gene chip market in 2024. However, the Asia-Pacific region is expected to be the fastest-growing region in the forecast period. The market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The DNA And Gene Chip Market Global Market Report?
- Market Size Analysis: Analyze the DNA And Gene Chip Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the DNA And Gene Chip Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall DNA And Gene Chip Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the DNA And Gene Chip Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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