DNA and Gene Chips Market: Revenue Share, Insights & Future Outlook

DNA and Gene Chips Market Size Projected to Reach US$ 10,910 Million by 2030

The global DNA and Gene Chips market is projected to grow from US$ 6,593.9 million in 2024 to US$ 10,910 million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period.

Market Analysis and Insights: Global DNA and Gene Chips Market

Following a strong growth of 26.2% in 2021, WSTS revised it down to a single-digit growth for the worldwide semiconductor market in 2022 with a total size of US$580 billion, up 4.4%. Growth estimation was lowered due to rising inflation and weaker demand in end markets, particularly those exposed to consumer spending.

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Some major categories still experienced double-digit year-over-year growth in 2022, led by Analog (20.8%), Sensors (16.3%), and Logic (14.5%). Memory declined by 12.6% year-over-year. Geographically, all regions except Asia Pacific showed double-digit growth. Sales in the Americas reached US$142.1 billion (+17.0%), Europe at US$53.8 billion (+12.6%), and Japan at US$48.1 billion (+10.0%). Meanwhile, the Asia-Pacific region experienced a 2.0% decline with total sales of US$336.2 billion.

Segment by Type:
• Cancer Diagnosis and Treatment
• Gene Expression
• Genotyping
• Genomics
• Drug Discovery
• Agricultural Biotechnology
• Others

Segment by Application:
• Academic and Government Research Institutes
• Hospitals and Diagnostics Centers
• Biotechnology and Pharmaceutical Companies
• Others

By Region:
• North America (United States, Canada)
• Europe (Germany, France, UK, Italy, Russia), Rest of Europe
• Nordic Countries
• Asia-Pacific (China, Japan, South Korea)
• Southeast Asia (India, Australia)
• Rest of Asia
• Latin America (Mexico, Brazil), Rest of Latin America
• Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)

Key Companies in the Market:
• Bio Mérieux SA: Specializes in in-vitro diagnostics and microbiology solutions.
• Thermo Fisher Scientific Inc.: Offers analytical instruments and laboratory reagents for biotechnology research.
• Savyon Diagnostics: Provides diagnostic assays and molecular testing services.
• Agilent Technologies: Focuses on life sciences and chemical analysis solutions.
• Applied Micro Arrays: Develops high-throughput gene expression and genotyping tools.
• Illumina Inc.: Specializes in sequencing and genomic analysis technologies.
• Toshiba Hokuto Electronics Corporation: Provides microarray and biosensor technologies.
• TOSHIBA Perkin Elmer Inc.: Offers bioanalytical instruments for genomics research.
• Oxford Gene Technology: Focuses on molecular diagnostics and gene analysis.
• Arrayit Corporation: Develops custom microarray and assay platforms.
• MYcroarray Macrogen Inc.: Offers DNA microarrays and genomics services.
• Greiner Bio One: Specializes in life sciences consumables and lab equipment.
• Asper Biotech: Provides molecular diagnostics and genetic testing solutions.
• CapitalBio Corporation: Offers genomics and bioinformatics platforms.
• Microarrays Inc.: Develops innovative microarray solutions for research and diagnostics.

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This release was published on openPR.