Global DNA Microarray Market Size, Share, Trends, Growth, Analysis, Key Players, Report, Forecast Until 2028 | EMR Inc.

The new report by Expert Market Research titled, ‘Global DNA Microarray Market Size, Share, Demand, Report and Forecast 2023-2028’, gives an in-depth analysis of the global DNA microarray market, assessing the market based on its segments like type, product outlook, end user, application, and major regions.

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The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2021): USD 4.20 billion

• Forecast CAGR (2023-2028): 10.6%

• Forecast Market Size (2026): USD 7.67 billion

Report AttributeDetails
Historical Period2018-2022
Forecast Period2023-2028
Base Year2022
Market Size in 2021USD 4.20 billion
Revenue Forecast in 2027USD 7.67 billion
Growth Rate CAGR10.6%
Major PlayersIllumina, Inc., Thermo Fisher Scientific Inc, Agilent Technologies, Inc, Arrayit
Corporation,Savyon Diagnostics, and SCIENION GmbH, among others.

The global market for DNA microarray is driven by the surging adoption of genetic testing in the pharmaceutical and biotechnology industry. The surging investment in research and development across the healthcare industry and rising per-capita healthcare expenditure. Is further expected to propel the DNA microarray market growth across the globe.

Rapid growth in the healthcare infrastructure is expected with surging innovative technology that has the potential to support swift and cost-effective screenings for any mutation possible, along with sequence variations in genomic DNA. These screenings are further expected to drive the market of DNA microarray.

DNA Microarray Industry Definition and Major Segments

A useful too, DNA microarrays are employed to confirm whether the DNA from a specific individual incorporates a mutation in genes such as BRCA1 and BRCA2. There is a chip that comprises of a small plate of glass wrapped in plastic. There are multiple microscopic DNA points that are collected onto a solid surface to create the DNA microarray.

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By type, the DNA microarray market is divided into:

• Complementary DNA Microarrays
• Oligonucleotide DNA Microarrays

Based on product outlook, the market is categorised into:

• Consumables
• Software and Services
• Instruments

On the basis of end user, the market is segregated into:

• Hospitals and Clinics
• Diagnostic Centres
• Academic and Research Institutes
• Biotechnology and Pharmaceutical Industries
• Others

By application, the market is segmented into:

• Transcription Factor Binding Analysis
• Genotyping
• Gene Expression Analysis
• Others

At a regional level, the market is divided into:

• Latin America
• North America
• Europe
• Asia Pacific
• Middle East and Africa.

The DNA microarray market across the globe is expected to witness significant growth during the forecast period on account of the increasing investment in technological advancements in genomics. Going further, the high presence of key players like Illumina, Inc., and Thermo Fisher Scientific Inc., among others in the regions like North America is further anticipated to fuel the market growth over the coming years.

Geographically, the Asia Pacific region is likely to witness growth in the market of DNA microarray as the region holds the largest base for clinical trials and drug discovery. Additionally, the region has a growing patient population which is further expected to propel the market growth of DNA microarray.

Key Market Players

Some major players in the market:

• Illumina, Inc.
• Thermo Fisher Scientific Inc
• Agilent Technologies, Inc
• Arrayit Corporation
• Savyon Diagnostics
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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