Soaring Demand Set to Propel Microarray Scanners Market to $1.38 Billion by 2029

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What Is the Expected CAGR for the Microarray Scanners Market Through 2025?
The market for microarray scanners has experienced robust growth in the past few years. In terms of financial projection, the market is set to expand from $0.94 billion in 2024 to $1.01 billion in 2025, showing a compound annual growth rate (CAGR) of 7.1%. Factors such as the rise in genomic research, expansion of the pharmaceutical industry, contributions from academic and research institutions, diagnostic applications, and high-throughput screening are credited for the growth observed in the historical period.

What's the Projected Size of the Global Microarray Scanners Market by 2029?
In the upcoming years, the market size of microarray scanners is anticipated to witness robust growth. It is projected to expand to $1.38 billion by 2029, with an 8.1% compound annual growth rate (CAGR). The growth during the forecast period can be ascribed to a heightened emphasis on pharmacogenomics, a rising demand for biobanking, intensified research on infectious diseases, increasing demand for diagnostic laboratories, and an expanding scope of microarray applications. Key trends expected during the forecast period encompass a focus on cancer research, technological advancements, and strategic collaborations.

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Top Growth Drivers in the Microarray Scanners Industry: What's Accelerating the Market?
The growth of the microarray scanner market is anticipated to be driven by the increasing incidence of chronic diseases. These are illnesses that persist for more than three months and can progressively worsen. The ability of microarray scanners to analyze gene expression patterns enables scientists to explore the molecular underpinnings of chronic diseases, and to identify possible biomarkers that can be used in diagnosis, prognosis, and treatment. The National Center for Biotechnology Information (NCBI), a branch of the US-based National Library of Medicine, forecasts that by the year 2050 there will be 142.66 million people globally suffering from chronic diseases. This anticipated rise in chronic diseases is fueling the expansion of the microarray scanner market.

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What Trends Will Shape the Microarray Scanners Market Through 2029 and Beyond?
One of the notable trends in the microarray scanners market is the rise of product innovations. Major market players are introducing innovative products as a strategy to maintain their market stronghold. For instance, MARGenomics, a company based in Spain, rolled out the Applied Biosystems GeneChip 3000 Dx v2 in June 2023. This advanced microarray platform signifies a remarkable progression in the field of microarray technology. The platform stands out as it is the first to receive regulatory approval for diagnostic applications in both Europe and the United States, highlighting its probable influence on clinical diagnostics and research. Its capability to generate high-resolution genomic data may intensify personalized medicine strategies across multiple therapeutic domains.

What Are the Main 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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Which Top Companies are Driving Growth in the Microarray Scanners Market?
Major companies operating in the microarray scanners market include F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., GE Healare 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.

Which Regions Will Dominate the Microarray Scanners Market Through 2029?
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

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