Microarray Analysis Market to Surpass $9,011.1 Million by 2030, Says P&S Intelligence

NEW YORK, July 27, 2022 /PRNewswire/ — According to the latest market research published by P&S Intelligence, in 2021 the DNA chip analysis market was rated at $3,846.7 millionwho is about to touch $9,011.1 million by 2030, growing at a CAGR of 9.9% from 2021 to 2030. The market is primarily driven by increasing incidence of cancer, government-sponsored genomics and proteomics research projects, and growing use of microchips to DNA.

To stay competitive, the major players in the DNA microarray analysis market are engaged in several strategic initiatives including product launches and acquisitions. These key players are Applied Microarrays LLC, Arrayit Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., Microarrays Inc., Merck KGaA, GE Healthcare, Illumina Inc. and Agilent Technologies Inc.

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The market is driven by the growing use of DNA chips in non-cancer applications

Since bacterial genomic DNA often outlives actual bacteria in most cases, microarray analysis has proven effective in antibiotic treatment. Since a diagnosis can be made using a small amount of DNA, rather than the large number of bacteria needed for culture in these situations, DNA microarrays are frequently used.

To assess gene expression, DNA-based microarrays have recently taken the lead. This is mainly due to the low cost of the technology and its complexity of use, which allow it to be standardized and better accepted.

Regional outlook

  • North America held nearly 40% of the DNA microarray analysis market in 2021. Because the governments of the United States and Canada are constantly increasing their funds for cancer research, the region is expected to experience significant growth in the coming years.
  • Moreover, due to its highly developed healthcare industry, advanced R&D infrastructure and availability of related products, Europe is the biggest market after North America.

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Segmentation Information

  • On the basis of product and service, consumables will grow with a CAGR of more than 10% between 2021 and 2030, due to the increasing number of research institutes and the increasing use of microarray analysis in diagnostic laboratories.
  • The software and services category generates the third highest revenue, as software is widely used to analyze and identify genomes, by studying the data generated during the study.
  • Globally, DNA chips accounted for the largest market share in 2021, and their revenue contribution is expected to grow at a CAGR of nearly 10% in the coming years. Indeed, a variety of disorders have clinical diagnostic procedures that use DNA microarrays.
  • In 2021, the largest share of the microarray analysis market was held by research institutes and academics, and by 2030 these users would acquire related products worth more than $4.0 billion. Indeed, the number of projects studying the human genome has recently increased.
  • Likewise, rapid market growth is expected from pharmaceutical and biotechnology companies owing to the many research projects they are conducting for the creation of new drugs.

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