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Global Tissue Microarray Market: Strong Growth Rates, Key Growth Drivers, Emerging Trends, and Market Size Evaluation
Tissue Microarray Market Size
What Is The Projected Market Size Of The Global Tissue Microarray Market And Its Growth Rate?
The global tissue microarray market has experienced significant growth. Here are some key statistics:
• 2024 Market Size: $12.05 billion
• 2025 Projected Market Size: $13.23 billion (CAGR: 9.8%)
• 2029 Projected Market Size: $20.95 billion (CAGR: 12.2%)
The historic period of growth can be attributed to the rise of precision medicine, drug discovery, efficient analysis, and the increasing prevalence of chronic diseases. Future growth is likely due to the emergence of digital pathology, expanded applications, growing biopharmaceutical industry, regulatory support and standards, and the integration of AI and machine learning.
What Is Driving The Growth In The Tissue Microarray Market?
The significant rise of cancer cases is seen as a major growth driver in the tissue microarray market. Cancer can occur in any organ or tissue in the body when abnormal cells proliferate uncontrollably, often spreading to other organs or invading neighboring body parts. Tissue arrays are an invaluable tool in oncology, used for examining the expression of cancer-related biomarkers in various tumor samples. As indicated by data published by the UK-based cancer charity, Macmillan Cancer Support, the number of people living with cancer reached 3 million in 2022 and is projected to rise to nearly 3.5 million by 2025 and 4 million by 2030 in the UK. The growing number of cancer cases is thus expected to drive the growth of the tissue microarray market.
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Who Are the Key Players Driving Tissue Microarray Market Growth?
Major companies operating in the tissue microarray market include:
• 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
• PREMIER Biosoft International Inc.
• iSpecimen Inc.
• OriGene Technologies Inc.
• Bio SB Inc.
• ProteoGenex Inc.
• Z Biotech LLC
What Are The Key Trends In The Tissue Microarray Market?
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
What Are The Segments Of The Global Tissue Microarray Market?
The tissue microarray market is segmented into the following categories:
1) By Type: Immunohistochemistry, Fluorescent In Situ Hybridization, Frozen Tissue Array, Other Types
2) By Technology: Deoxyribonucleic Acid (DNA) Microarray, Polymerase Chain Reaction (PCR), Next-Generation Sequencing, Northern Blotting, Western Blotting
3) By Application: Oncology, Gene Expression Profiling, Single Nucleotide Polymorphism (SNP) Detection, Double-Stranded B-DNA Microarrays, Comparative Genomic Hybridization, Sequencing Bioinformatics
4) By End-User: Pharmaceutical And Biotechnological Companies, Research Organization, Hospitals
Which Region Leads The Tissue Microarray Market?
North America held the most significant share of the tissue microarray market in 2024. Conversely, the Asia-Pacific region is expected to experience the fastest growth during the forecast period. The report covers various regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Tissue Microarray Market Global Market Report?
- Market Size Analysis: Analyze the Tissue Microarray Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Tissue 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 Tissue Microarray Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Tissue Microarray Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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