Persistence Market Research is released upcoming report on title "Microarrays Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 01/07/2015 -- Microarray refers to a technology that helps to analyze the gene expression through information contained within a genome. Microarray consists of many small DNA probes which are arranged in a regular pattern. Microarray helps in gene discovery, disease diagnosis, toxicology research and development of medicines. Some types of microarray are spotted DNA arrays, affymetrix gene chips and ink-jet microarrays. On the basis of modalities, microarrays market can be segmented into DNA, tissue, protein, low complexity and carbohydrate. DNA microarrays market is the largest segment in the microarrays market. types of DNA microarray include glass cDNA microarrays and in situIn situ oligonucleotide array format. Some of the advantages of cDNA microarray include lower cost and no need of specialized equipment for hybridisation. On the basis of application, microarray market can be segmented into gene expression, drug discovery, screening and monitoring of patient data, genetics, cancer diagnostics and treatments, single nucleotide polymorphism (SNP) analysis, agricultural biology, environmental control, proteomics, toxicogenomics and microbial genotyping. On the basis of type, DNA microarrays market can be segmented into oligonucleotide DNA microarrays (oDNA) and complementary DNA microarrays (cDNA). DNA microarray is required for unhindered binding, no cross contamination, firm tethering and using larger and DNA molecules. Some of the DNA microarray development trends include glass arrays trends, agilent technology, amersham's coating technology and probe technology.
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North America, followed by Europe, has the largest market for microarrays due to technological advancement, developed healthcare infrastructure, increasing research, development activities, usages of personalized medicines, government initiatives and rise in incidence of cancer cases in the region. Asia is expected to show high growth rate in the microarrays market in next few years due to developing healthcare infrastructure, growing prevalence of chronic diseases, rise in government spending and increasing drug discovery and development activities in the region.
Increasing government spending, rise in research and development activities, need for early cancer detection, increasing healthcare spending and diagnosis and large scale DNA/gene chip initiatives are expected to drive the market for microarrays. In addition, adoption of personalized medicines, wide range of application areas and technological advancement are expected to drive the market for microarrays. However, standardization in microarray data and lack of skilled professionals are some of the major factors restraining the growth for global microarrays market.
Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in microarrays market in Asia. In addition, increasing number of clinical trials and drug discovery activities, innovations with technological advancement such as ChIP-on-chip, CGH, splice variants and microRNAs, broader application area for microarray and government initiatives in this field are expected to offer new opportunities for global microarrays market. Increasing number of mergers and acquisitions, rise in number of collaborations and partnerships and new product launches are some of the latest trends that have been observed in global microarrays market. Some of the major companies operating in the global microarrays market are Affymetrix, Inc., Agilent Technologies, Inc., Sequenom Inc,, Roche NimbleGen, Illumnia, Inc. and Applied Microarrays. In addition, some other companies operating in the global microarrays market are bioM rieux SA, Discerna, Gyros AB, Luminex Corporation, NextGen Sciences PLC and ProteoGenix.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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