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Microarray Global Market Report 2025: Market Size, CAGR, Growth Drivers, and Key Trends
Microarray Market Size
What Is The Projected Market Size Of The Global Microarray Market And Its Growth Rate?
The microarray market has expanded considerably in recent years and is predicted to continue growing:
• The market size has grown from $5.19 billion in 2024 to an estimated $5.63 billion in 2025, marking a CAGR of 8.5%
• Growth can be attributed to the surge in genomic research, the rise in personalized medicine, and advancements in pharmaceutical drug discovery
• The market is projected to reach "$8.27 billion in 2029, accelerating at a CAGR of 10.1%
• Rapid growth in molecular diagnostics and the emergence of precision medicine are set to contribute to the forecasted growth
What Is Driving The Growth In The Microarray Market?
The increasing incidence of cancer is a key factor propelling the growth of the microarray market. Cancer occurs when some of the body's cells grow out of control and spread to other body areas. Rise in cancer cases, especially breast cancer, lung cancer, and bronchial cancer is significantly driving the microarray market growth as the technology enables researchers to identify changes in gene expression that may be associated with cancer. As per the American Cancer Society, about 9,910 children under 15 years are estimated to be diagnosed with cancer, and about 1,040 children under the age of 15 are expected to die from cancer in 2023.
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Who Are the Key Players Driving Microarray Market Growth?
The microarray market is home to several key players, including:
• Agilent Technologies Inc.
• Arrayit Corporation
• Bio-Rad Laboratories Inc.
• Danaher Corporation
• GE Healthcare Inc.
• Illumina Inc.
• Merck KGaA
• Microarray Inc.
• PerkinElmer Inc.
• Thermo Fisher Scientific Inc.
What Are The Key Trends In The Microarray Market?
Prominent trends in the microarray market include:
• Enhancements in microarray data analysis tools
• Focus on biomarker discovery for neurological disorders
• Utilization in infectious disease research
• Adoption in functional genomics studies
• Increasing applications in drug discovery and development
What Are The Segments Of The Global Microarray Market?
The Microarray market report covers several segments:
• Type: DNA Microarray, Protein Microarray, Other Types
• Application: Disease Diagnosis, Cancer Genomic Analysis, Drug Discovery, Genomic Sequencing, Expression Analysis, Toxicological Research
• End-User: Pharmaceutical Industry, Biotechnology Industry, Academic and Research Laboratories
Which Region Leads The Microarray Market?
North America emerged as the largest region in the microarray market in 2024. However, Asia-Pacific is expected to witness the fastest growth during the forecast period due to rapid advances in molecular diagnostics and the emergence of precision medicine.
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What Is Covered In The Microarray Global Market Report?
• Market Size Analysis: Analyze the Microarray Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Microarray 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 Microarray Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Microarray Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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