The global microarray market size was USD 3.99 Billion in 2021 and is expected to register a revenue CAGR of 8.31% during the forecast period, according to latest analysis by Emergen Research.
The global microarray market size was USD 3.99 Billion in 2021 and is expected to register a revenue CAGR of 8.31% during the forecast period, according to latest analysis by Emergen Research. The increasing demand for microarray-based diagnostics owing to the rising prevalence of chronic diseases is one of the key factors driving market growth. Other factors expected to grow significantly in the coming years, driven by the increasing demand for genomic data and the need for high-throughput gene expression analysis. In addition, technological advancements in microarray platforms and techniques are also fueling market expansion. However, the high cost of microarrays is restraining market progression to some extent.
Microarray is a powerful tool that allows researchers to measure the expression of thousands of genes at once. This technology has revolutionized the field of genomics and has been used in a wide variety of applications, including disease diagnosis, drug discovery, and agricultural research.
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Microarrays are being increasingly used in the field of personalized medicine. For instance, microarrays are used to determine the best course of treatment for cancer patients by identifying the specific mutations that are driving the growth of the tumor. In addition, microarrays are also used to screen newborns for genetic disorders and to identify individuals at risk for developing certain diseases.
Microarray is a key technology used in molecular biology for studying gene expression. A microarray experiment allows the simultaneous analysis of thousands of genes, providing a powerful means to profile changes in gene expression across various biological samples. The demand for microarrays is driven by the increasing use of genomics for drug discovery, diagnostics, and personalized medicine.
DNA microarrays enable geneticists and molecular biologists to determine the sequences of genes, gene expressions and other features of genomes. A DNA microarray is a collection of microscopic DNA spots attached to a solid surface. Scientists use DNA microarrays to measure the levels of thousands of genes simultaneously or to genotype multiple regions of a genome.
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Some Key Highlights From the Report
- The cancer genome analysis segment accounted for a moderate revenue share in 2021 due to the use of microarrays in cancer diagnosis and research. The segment is expected to grow at a rapid pace over the forecast period, owing to technological advancements in gene expression profiling that have facilitated the development of cost-effective cancer detection tests. For instance, XprESSO microarray platform from iGenomX enables comprehensive profiling of more than 22,000 cancer-related genes using as little as 10ng of total RNA. Moreover, OncoScan CNV Assay from Illumina is a next-generation sequencing-based microarray platform for comprehensive copy number variation analysis in cancer samples.
- The drug discovery & development segment held a significant share of the global market in 2021 due to the use of microarrays in target validation and lead optimization studies. The segment is expected to grow at a rapid pace over the forecast period, owing to increasing research & development activities by pharmaceutical & biotechnology companies. For instance, in 2019, Novartis AG announced that it had used microarrays in target validation and lead optimization studies for more than 200 drug discovery programs.
- The DNA microarray segment accounted for the largest market share in 2020 and is expected to maintain its dominance during the forecast period. This is attributed to the growing demand for DNA microarrays in genomics research and diagnostics.
- The protein microarray segment is expected to register a moderate revenue growth rate during the forecast period owing to the high adoption of this technology in cancer research. The high growth of this segment is attributed to the continuous development and commercialization of new microarray products, services, and kits by key players in the market. In addition, microarray technology has a wide range of applications in drug discovery and target identification.
- The hospitals & clinics segment held a significant share of the market in 2020 due to the increasing use of microarrays in hospitals and clinics for diagnostics.
- North America was the leading market for microarrays in 2020 due to the presence of a large number of key players operating in the region. In addition, the rising prevalence of chronic diseases is also driving market growth in North America.
- Some major companies operating in the global market include Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Merck KGaA, PerkinElmer Inc., Arrayit Corporation, Illumina, Inc., Bio-Rad Laboratories, Inc., RayBiotech Life, Inc., Full Moon BioSystems, Inc., and CapitalBio Technology Co., Ltd.
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Emergen Research has segmented the global microarray market based on type, product, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019-2030)
- DNA Microarray
- cDNA Microarray
- BAC Microarray
- SNP Microarray
- Oligo Microarray
- Protein Microarray
- Analytical Protein Microarray
- Functional Protein Microarray
- Reverse-Phase Protein Microarray
- Peptide Microarray
- DNA Microarray
- Product Outlook (Revenue, USD Billion; 2019-2030)
- Consumables
- Software and Services
- Instruments
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Disease Diagnosis
- Cancer Genome Analysis
- Drug Discovery
- Genome Sequencing
- Expression Analysis
- Toxicological Research
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Pharmaceutical Industry
- Biotechnology Industry
- Academic and Research Laboratories
- Diagnostic Centers
- Others
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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