The study enables business owners to understand and make better business decisions by pinpointing the current demands and needs of the consumers.
New York, NY -- (SBWIRE) -- 06/18/2019 -- The continual growth of the microarray analysis market can be attributed to several factors which have led to wide scale adoption of these devices which are extensively used to study the diverse number of biological processes. Most importantly, the study enables business owners to understand and make better business decisions by pinpointing the current demands and needs of the consumers. The collection of data with an aim to offer clarity on consumer behaviour in a particular region where the Microarray analysis market players operate makes the report more valuable.
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Market Industry Reports (MIR) has published a new report titled "Microarray analysis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global Microarray analysis market was estimated to be over US$ 3.7 Billion in 2018. It is anticipated to grow at a substantial digit CAGR from 2019 to 2030.
Drawbacks associated with microarray technology have been affecting the growth of the Microarray analysis market inversely. Growing adoption of Next Generation Sequencing (NGS) has been a major restraint for the prosperous growth of the microarray analysis market. Moreover, factors such as complexity, time requirement for designing and testing discriminatory genetic regions for different species and inability of detecting unknown organisms has been few of the major factors limiting the adoption of microarray analysis technologies.
Key players in the market
The prominent players in the global microarray market are Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Molecular Devices, PerkinElmer Inc., Illumina, Inc., GE Healthcare, and Bio-Rad Laboratories Inc., Merck KGaA, Arrayit Corporation, Microarrays, Inc. Among others.
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Key points of Table of Content
4. MARKET DYNAMICS ASSESMENT
7. GLOBAL MICROARRAY ANALYSIS MARKET- ANALYSIS & FORECAST, BY TYPE
- Protein Microarray
- DNA Microarray
- Other Microarrays
11. COMPETETIVE LANDSCAPE
12. COMPANY PROFILES (Business Overview, Products & Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
Asia Pacific is estimated to witness the highest CAGR
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy and adoption of latest technologies is anticipated to present a lucrative growth scenario for the microarray analysis market in this region. Furthermore, rising geriatric population, supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
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