DNA Chip Market - Industry Forecast and Analysis upto 2023
Albany, NY -- (SBWIRE) -- 11/09/2016 -- A DNA chip, also referred to as a DNA microarray, is comparable to a computer chip. The key differentiating factor between the two is that a computer chip is imbedded with electronic circuitry, whereas a DNA gene chip is imbedded with DNA molecules. Or else it can be stated that DNA chip is a collection of DNA spots that are embedded on the solid surface. A DNA gene chip is about the size of a postage stamp. This technology has become very popular in the drug discovery and medical research sector as it significantly brings down research time. DNA microarrays play a vital role in helping medical researchers simultaneously measure the expression levels of several thousands of genes. The spiraling popularity of DNA chips has prompted many new players to enter the market and profit from their growing demand. In view of these aspects, the market for DNA gene chips is projected to show double-digit growth over the forecast period of this report. This technology is used to measure the expression levels of thousands of gene together at the same time.
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The popularity of DNA chips has encouraged many new companies or players to enter the global DNA chip market. Considering all these factors, the global DNA chip market is expected to register double-digit growth during the period from 2015 to 2023. The growth in personalized medicines and large-scale initiatives taken by the governments of many nations to promote DNA chip technology are predicted to propel the global DNA chip market in the coming few years.
Factors that add value to the global DNA chip market are a strong supply chain, availability of cutting-edge infrastructure, world-class logistical connectivity, and easy availability of a skilled workforce. As per the World Health Organization (WHO), in 2012, globally around 8.2 million people died due to cancer. As per the American Cancer Society (ACS), in 2012, around 300,000 men and around 276,000 women died because of cancer in the United States. The high occurrence of cancer in the region is expected to propel the global DNA chip market in the years to come.
By type, the global DNA chip market is classified into oDNA (oligonucleotide DNA) and cDNA (complementary DNA), the former being the dominant segment and accounting for more than 95% of the global DNA chip market. Based on application, the global DNA chip market is classified into comparative genomic hybridization, geneID, gene expression, and others. Currently, the global DNA chip market is dominated by the gene expression segment. This segment is expected to maintain its dominance in the years to come due to increasing funding from the governments of various nations. Contribution from many private players is expected to further propel the gene expression segment in the years to come.
By region, the global DNA chip market is divided into Asia Pacific, Europe, North America, and Rest of the World. Currently, North America dominates the global DNA chip market. However, the Asia Pacific DNA chip market is expected to register aggressive growth in the next few years.
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Some of the leading players in the global DNA chip market are Affymetrix, Inc., Biomérieux Sa., Capitalbio Corporation, Eurofins Mwg Operon, Greiner Bio-One, Life Technologies Corporation, Macrogen Inc, Scienion Ag, Savyon Diagnostics Ltd, and Wafergen Biosystems Inc.
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