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Rising Prevalence Of Chronic Diseases Boosts Growth Prospects In The Microarray Scanner Market: A Significant Driver Propelling The Microarray Scanners Market In 2025
Microarray Scanners Market Size
What Is the Microarray Scanners Market Size and Projected Growth Rate?
There has been a marked growth in the market size of microarray scanners in the past few years. It's projected to surge from $0.94 billion in 2024 to $1.01 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.1%. Such expansion during the historical period can be ascribed to factors like the escalation in genomic research, development in the pharmaceutical sector, academic and research institutes, diagnostic uses, and high-throughput screening.
The market size for microarray scanners is anticipated to witness robust expansion in the coming years, accelerating to $1.38 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. The projected growth during the forecast period is ascribed to the rising interest in pharmacogenomics, surging demand for biobanking, heightened focus on research into infectious diseases, increased need for diagnostic laboratories, and broadening applications of microarrays. The forecast period is set to be characterized by enhanced focus on cancer research, technological advancements, and strategic alliances.
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What Are the Major Segments in the Microarray Scanners Market?
The microarray scanners market covered in this report is segmented -
1) By Product Type: Fluorescence Microarray Scanners, Charge-Coupled Devices Microarray Scanners, Colorimetric Microarray Scanners, Other Product Types
2) By Technology: Slide-based, Gel-based
3) By Application: Gene Expression, Drug Discovery, Other Applications
4) By End User: Hospitals, Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies, Academic And Research Institutes
Subsegments:
1) By Fluorescence Microarray Scanners: Laser Scanners, Multispectral Scanners
2) By Charge-Coupled Devices (CCD) Microarray Scanners: Standard CCD Scanners, High-Resolution CCD Scanners
3) By Colorimetric Microarray Scanners: Slide Scanners, Digital Colorimetric Scanners
4) By Other Product Types: Hybrid Scanners, Custom Or Specialized Microarray Scanners
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What Are The Driving Microarray Scanners Market Evolution?
The surge in chronic disease cases is projected to fuel the microarray scanner market's expansion. Chronic ailment, a type of disease that persists for more than three months and can worsen over time, is where microarray scanners play a significant role. These devices help in evaluating gene expression patterns, enabling researchers to study the molecular basis of chronic diseases and identify potential biomarkers for diagnosis, prognosis, and therapy. For example, the National Center for Biotechnology Information (NCBI), a U.S.-based National Library of Medicine, predicts, in January 2023, that by 2050, 142.66 million individuals worldwide will be living with chronic diseases. Hence, the increased incidence of chronic diseases is amplifying the growth of the microarray scanner market.
Which Firms Dominate The Microarray Scanners Market Segments?
Major companies operating in the microarray scanners market include F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., GE Healthcare Life Sciences, Hitachi High-Tech Corporation, Innopsys Inc., PerkinElmer Inc., VWR International LLC, Illumina Inc., Bio-Rad Laboratories Inc., Agilent Technologies Inc., Tecan Group AG, Huron Technologies International Inc., Miltenyi Biotec B.V. & Co. KG, GVS S.p.A., Luminex Corporation, Molecular Devices LLC, CapitalBio Technology Inc., Berthold Technologies GmbH & Co. KG, RayBiotech Inc., Scienion AG, Oxford Gene Technology IP Limited, Applied Microarrays Inc., Arrayit Corporation, Meridian Bioscience Inc., Montreal Biotech Inc.
What Trends Are Expected to Dominate the Microarray Scanners Market in the Next 5 Years?
The emergence of product innovations is a key progression being noticed in the microarray scanners market. Top-notch corporations in the microarray scanners field are formulating innovative products to uphold their station in the market. For example, in June 2023, the Spain-based MARGenomics initiated the Applied Biosystems GeneChip 3000 Dx v2, an upgraded microarray platform that denotes a substantial advancement in the realm of microarray technology. Notably, this platform is the first of its kind in Europe and the United States to obtain regulatory authorization for diagnostic purposes, thus underlining its anticipated influence on clinical diagnostics and research. Thanks to its potential to supply high-resolution genomic information, it is well-positioned to enrich personalized medicine strategies in various therapeutic domains.
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Which Is The Largest Region In The Microarray Scanners Market?
North America was the largest region in the microarray scanners market in 2024. The regions covered in the microarray scanners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Microarray Scanners Market?
2. What is the CAGR expected in the Microarray Scanners Market?
3. What Are the Key Innovations Transforming the Microarray Scanners Industry?
4. Which Region Is Leading the Microarray Scanners Market?
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