Microarray Analysis MarketOverview:
In a recent research report by Market Research Community, the microarray analysis market is expected to surpass USD 10.72 billion by the year 2030, from USD 5.10 billion in 2021.
The final stage in the reading and processing of DNA, RNA, and protein data provided by a microarray chip is microarray data analysis. Samples go through various steps, including purification and scanning with a microchip, which generates a vast quantity of data that is processed using computer software. It consists of numerous discrete steps, as seen in the graphic below.
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The software and services segment is expected to gain significant market opportunity throughout the projected timeline owing to increasing product launches. For example, in 2015, PerperPRINT, introduced the PEPperCHIP Allergen Epitope Microarray, which allows high input screening of IgE antibody response from serum and plasma. The package contains about 4022 allergen epitopes from the Immune Epitope Database (IEDB), permitting easy summarizing of immune responses in blood serum correlated with vaccination, autoimmune disorders, cancer, infectious illnesses, and others.
The Asia Pacific region is expected to develop significantly as a result of increased government spending on the medical industry. According to IBEF, the healthcare industry in India got USD 679 million in investment in 2018. Such government initiatives are expected to increase the demand for microarrays analysis used in research.
The market is projected to grow at a significant pace reaching a CAGR of approximately 8.6%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by type (DNA Microarrays, Protein Microarrays, Other Microarrays), by product (Consumables, Software, and Services, Instruments) by Application (Research applications, Drug Discovery, Disease Diagnostics, Other Applications) by end use (Research Academic Institutes, Pharmaceutical Biotechnology Companies, Diagnostic Laboratories, Other End Users) to microarray analysis market forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including
Bio-Rad Laboratories; Agilent Technologies; Inc.; Thermo Fisher Scientific Inc.; Illumina; Inc.; PerkinElmer Inc.; Merck KGaA; GE Healthcare; Molecular Devices; LLC; Arrayit Corporation; Microarrays; Inc.
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