Overview:

The global DNA microarray market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. DNA microarray is a tool used to determine a mutation occurred in genes. It is microchip that consist small glass plate and at surface includes many short single-stranded DNA sequences. The DNA microarray are used in research applications and in diagnosis of various diseases. The DNA microarray is also referred as biochip or gene chip or DNA chip.

Market Dynamics:

The growing prevalence of infectious disease across the globe is a major factor driving growth of the global DNA microarray market. The DNA microarray are gaining traction in the diagnosis of various genetic and infectious disease across the globe. DNA microarray allows to detect disease related mutation in the genome which helps to identify the disease easily. Hence, demand for DNA microarray is growing across the globe.

Also, increasing incidence of various chronic disease such as cancer across the globe is another major factor propelling growth of the target market. Many researchers are preferring DNA microarray in the research and development of novel technologies to cure chronic diseases. Additionally, increasing use of DNA microarray for cancer diagnosis is among the other factors supporting growth of the target market.

However, lack of skilled professionals, lack of required infrastructure in emerging economies, and technical tricks associated with the DNA microarray are limiting growth of the global DNA microarray market. Nevertheless, growing strategic initiatives among key players is expected to fuel target market growth in the near future.

Key Trends:

Rising product launches and strategic collaborations among key players across the globe is a major trend observed in the global DNA microarray market. For example, in December 2018, the Illumina, Inc. has announced launch of the Infinium, a high-density genotyping array to accelerate human disease research. This kind of strategic initiative expected to accelerate growth of the global market over the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global DNA microarray market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is accounted for the major revenue share in 2019. This is owing to growing incidence of chronic diseases and cancer in the region. Additionally, increasing funding for R&D is propelling growth of the regional market.

The market in Asia Pacific region is anticipated to witness highest growth over the forecast period. The growing patient base and advancements in healthcare infrastructure are key factors driving growth of the DNA microarray market in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global DNA Microarray Market, By Type:

• Oligonucleotide DNA Microarray
• Complementary DNA Microarray

Global DNA Microarray Market, By Application:

• Gene Expression
• Genotyping
• Drug Discovery
• Other Application

Key Players Covered:

Key players operating in the global DNA microarray market includes Illumina Inc., Agilent Technologies Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Merck KGaA, Applied Microarrays Inc., and SCIENION AG.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global DNA Microarray Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global DNA microarray market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.