Microarray Market Scope
A microarray is refer as a tiny, bio-compatible silicon chip which is capable of rapid identification and also precise multiplexed analysis of nucleic acids (DNA/RNA). In developed countries, presently DNA Microarray industry is generally at a more advanced level. A microarray is a known as a laboratory tool which is been used to detect the thousands of expression of genes at the same time. Microarray provides accuracy and precision in disease diagnosis and drug discovery which is driving the market, while some of the factors like high cost associated with array instrument and lack of expertise to operate microarray technology is threatening the market.
According to AMA, the Global Microarray market is expected to see growth rate of 8.3%
Numerous players are present in the array instrument market hence fragmented nature of the market. Some of the market leaders are Thermo Fischer Scientific, Illumina Inc. Agilent Technologies and others. Market leaders are investing in the automation of systems for developing advanced analysis techniques in the near future Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Microarray market throughout the predicted period.
Thermo Fischer Scientific (United States), Agilent Technologies (United States), Merck (United States), Illumina Inc. (United States), Phalanx Biotech (Taiwan), Biometrix Technology (Korea), Perkin Elmer (United States), Applied Microarrays (United States), Array It Corporation (United States) and TAKARA BIO INC. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are BioGenex (United States), LC Sciences (United States), US Biomax (United States), AXO Science (France) and Qiagen (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Microarray market by Type (DNA Microarray, Oligonucleotide Microarray, Protein Microarray and Tissue Microarray), by Application (Gene expression and Disease diagnosis and development) and Region with country level break-up.
On the basis of geography, the market of Microarray has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
6th December 2018, Illumina Inc. launched a new high-density genotyping array, the Infinium developed and inspired by the All of Us Research Program. With this program, data is collected from over one million people living in the United States to improve human disease research and improve health.
Market Trend
- Emphasizing on Customize Treatments for Certain Deadly Diseases such as Cancer
Market Drivers
- Provides Accuracy and Precision in Disease Diagnosis and Drug Discovery
Opportunities
- Increasing Demand for Automatic Image Analysis in the Healthcare Industry
- Development in Advances Techniques for Disease Diagnosis
Restraints
- High Cost Associated With Array Instrument
- Lack of Expertise to Operate Microarray Technology
Challenges
- Making Cost Effective Tissue Microarrays
Key Target Audience
Microarray Instruments Product Manufacturers and Distributors, Research Laboratories, Healthcare Institutes, Market Research Firms, Government Agencies and Others