Microarray Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Microarray market size is expected to be worth around US$ 7.50 billion by 2028, according to a new report by Vision Research Reports.

The global Microarray market size was valued at US$ 3.93 billion in 2020 and is anticipated to grow at a CAGR of 8.10% during forecast period 2021 to 2028.

Growth Factors

Market drivers propelling market growth include a global rise in cancer cases and a wide range of applications of microarrays in sequencing, genome mapping, personalized medicines, and others. A rise in global R&D investments is also key in propelling growth as this would lead to a rise in the use of microarrays for research purposes to advance and improve in healthcare.

Microarrays have a wide range of applications such as research applications, drug discovery, disease diagnosis, genomic and proteomic research, plant and food research, agricultural research, among other applications. According to a report published by the American Academy of Neurology, chromosomal microarray analysis can be used to diagnose intellectual disabilities and disomic features, this test has also been recommended as a first line diagnostic test. Recent advances in proteomics and genomics coupled with human genome sequencing have led to an increase in several screenable drug targets. According to a report published by PNAS (Proceedings of the National Academy of Sciences of the United States of America), a miniature 3D cell culture microarray has been developed for high throughput toxicological assays.

The introduction of various types of array platforms offered by leading companies is also another factor anticipated to boost market potential. For instance, R&D Systems, a biological products company offers proteome profiler antibody array, a protein microarray used to measure over 119 proteins in one sample. With the use of this product, laboratory technicians do not need any specialized equipment additionally eliminating the need for western blot experiments.

Report Highlights

Based on product, the market is segmented into consumables, instruments and software & services. Repeat and bulk purchase of consumables for various research applications is the dominant factor attributing to its large market share in 2018. This product segment is anticipated to continue its dominance throughout the forecast period owing to its incessant usage in research procedures.

According to a research study published by the Royal Society of Chemistry in 2019, a portable fluorescence microarray imaging system that connects to a smartphone has been used for the detection of breast cancer gene expression. The technique is based on an interactive binding of Cy3- target DNA to probe DNA. Such technological advances are anticipated to facilitate easy diagnosis of cancer, thereby boosting market growth.

Based on microarray type, the market is segmented into DNA, protein and other microarrays. DNA microarray held the largest market share in 2018 owing to its wide range of applications in gene expression analysis, transcription factor binding analysis and among others.

Protein microarrays are typically constituted of various support surfaces such as nitrocellulose membranes, slides, microtitre plates, and beads causing binding of proteins. Rise in the adoption of protein microarrays by leading pharmaceutical and biopharmaceutical companies for drug discovery and toxicology studies are anticipated to further fuel market growth.

Other microarrays analyzed in the research study include MM chips, peptide, tissue, and cellular microarrays. Novus Biologics LLC, a provider of life science products, offers a wide range of tissue microarray products such as human prostate tissue microarray, human lung tissue microarray, human breast tissue microarray, human skin tissue microarray and others which are increasingly used for disease diagnosis, facilitating market growth.

Based on application, the market is segmented into research applications, drug discovery, disease diagnostics, and other applications. Research applications held the largest market share in 2018 due to rise in private as well as government funding for research in and . For instance, in 2018 UVic-Genome BC Proteomics Centre, a central hub of the Canadian Proteomics Centers received funding of USD 18 million from Genome Canada and Genome British Columbia to facilitate improved diagnosis of a wide range of diseases such as cancer and Alzheimer’s disease. The funding is also expected to aid rising research in the rapidly developing field of personalized medicines. 

Microarrays are used by various companies in drug discovery as they are used to measure expression patterns of various genes, generating data on gene function aiding in the identification of appropriate target patients for therapeutic evaluation during clinical trials. DNA microarrays prove to be highly beneficial as they facilitate researchers to identify individuals with similar biological patterns and design drugs specifically to treat disorders. Microarrays are also used extensively during clinical trials as they are used to monitor changes in gene expression caused due to drug treatments.

Other microarray applications include genomic, proteomic, and toxicological research. In some cases, custom microarrays are specifically designed for heart genes which help in the detection of ischemic and non-ischemic heart failure with high specificity and sensitivity. These are also used for the classification of various cardiomyopathies facilitating effective diagnosis.

Based on end use the market is segmented into research and academic institutions, pharmaceutical and biotechnology companies, diagnostics laboratories, and other end users. Research and academic institutions held the largest market share in 2018 due to a rise in the use of microarrays in drug discovery and research applications.

Pharmaceutical and biotechnology companies are anticipated to boost the market owing to strategic acquisitions done by leading companies to expand their product portfolio. For instance, in 2016, Thermo Fischer Scientific Inc. acquired Affymetrix, a manufacturer of DNA microarrays. Microarray products of Affymetrix are widely used for gene expression and genetic variation analysis.

Diagnostic laboratories are anticipated to increase the demand for various products offered by leading companies used to diagnose infectious disease, cancers, diet-related, and autoimmune disorders, and other diseases. For instance, Applied Microarrays Inc., offers custom arrays to diagnose cancer, infectious diseases such as influenza, Ebola, sepsis among other diseases. Some of the other diseases detected by these products consist of diet-related disorders such as dysbiosis & general food intolerance and autoimmune disorders such as celiac.

The microarray market on the basis of region is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the largest revenue share in 2018 due to a rise in the number of cancer patients in the U.S. According to the European Commission, the government of Europe will be funding $7.5 billion for R&D in the field of biotechnology facilitating a rise in the use of microarrays for various genomic and proteomic research in the European region. Similarly, the government of Denmark has intended to spend $14.94 million from 2017-2020 for a new genomic research center further facilitating increasing usage of microarrays.

Key Players

Bio-Rad Laboratories, Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Illumina, Inc., PerkinElmer Inc., Merck KGaA, GE Healthcare, Molecular Devices, LLC, Arrayit Corporation, and Microarrays, Inc.

Market Segmentation

  • Product Outlook

    • Consumables

    • Software and Services

    • Instruments

  • Type Outlook

    • DNA Microarrays 

    • Protein Microarrays 

    • Other Microarrays

  • Application Outlook

    • Research Applications 

    • Drug Discovery 

    • Disease Diagnostics 

    • Other Applications 

  • End Use Outlook

    • Research & Academic Institutes 

    • Pharmaceutical & Biotechnology Companies 

    • Diagnostic Laboratories 

    • Other End Users 

  • Regional Outlook

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East and Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Microarray market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Microarray market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Microarray market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Microarray market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Microarray market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Microarray capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Microarray by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Microarray market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Microarray market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Microarray market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Microarray industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Microarray market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Microarray market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Microarray market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Microarray market. These factors have benefited the growth of the global market for Microarray. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Microarray. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Microarray are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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