Albany, NY -- (SBWIRE) -- 12/16/2016 -- A microarray is an advanced tool used in molecular biology. It allows end-users to conduct high-throughput and highly parallel analyses of more than thousand points of interest that include messenger ribonucleic acid (mRNA), genes, and proteins. Microarrays include a broad range of platforms in which high-density assays are conducted parallel on a solid support. The concept of the microarray is based on base-pairing hybridization principle (hybridization between nucleic acids).

The global microarray market to grow at a CAGR of 14.34% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global microarray market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of microarray solutions such as instruments and consumables.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Microarray Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Agilent Technologies
- Illumina
- Thermo Fisher Scientific
- Merck

Other prominent vendors
- Applied Microarrays
- Arrayit
- AXO Science
- BioCat
- BioGenex
- Biometrix Technology
- Cepheid
- GE Healthcare
- InDevR
- LC Sciences
- Perkin Elmer
- Phalanx Biotech
- Qiagen
- Takara Bio
- US Biomax.

Market driver
- Increased prevalence of chronic diseases
- For a full, detailed list, view our report

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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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