Global Array Instruments Market, By Technology (DNA Microarrays, Protein Microarrays, Cellular Microarrays, Tissue Microarrays), End User (Research and Development Laboratories, Clinical Diagnostic Labs, Agriculture Research Centers, Veterinary Laboratories, Forensic Centers) – Industry Trends and Forecast to 2029.
Array Instruments Market Analysis and Size
The market for array instruments is expected to grow in the forecast region of 2022-2029. The increased demand for the diagnosis and prognosis of many chronic diseases, particularly cancer, is the main factor driving the market. The increasing prevalence of various ailments around the world and the growing need to identify their origin and subsequently determine a course of therapy for them are fuelling market expansion.
Data Bridge Market Research analyses that the array instruments market which was USD 1.1 billion in 2021, would rocket up to USD 1.73 billion by 2029, and is expected to undergo a CAGR of 5.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Array Instruments Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (DNA Microarrays, Protein Microarrays, Cellular Microarrays, Tissue Microarrays), End User (Research and Development Laboratories, Clinical Diagnostic Labs, Agriculture Research Centers, Veterinary Laboratories, Forensic Centers),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Illumina, Inc. (U.S.), Arrayit Corporation (U.S.), Laboratory Corporation of America Holdings (U.S.), OriGene Technologies, Inc. (U.S.), Oxford Gene Technology IP Limited (U.K.), Pepscan (U.S.), PerkinElmer Inc. (U.S.), Phalanx Biotech Group (China), QIAGEN (Germany), RayBiotech Life Inc. (U.S.), Retrogenix (U.K.), Luminex Corporation (U.S.), MESO SCALE DIAGNOSTICS, LLC (U.S.)
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Market Opportunities
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Market Definition
Array instruments are the equipment that help in concurrently and quantitatively monitoring the amounts of gene expression in a single reaction. Numerous areas of the genome are also genotyped using them. They entail the assembly on a single histologic slide of numerous tiny representative tissue samples from distinct instances. They aid in identifying chromosomal expressions and genotype mutations and measuring and identifying messenger RNA (mRNA) level gene expressions.
Global Array Instruments Market Dynamics
Drivers
- Rising number of patients with diseases
The rising number of patients with cancer and other diseases, the increasing demand for array instruments for disease early detection, the adoption of cutting-edge and ground-breaking technology like DNA microarrays, and the rising number of applications from developing economies are all expected to contribute to the market's rapid growth over the forecast period of 2022–2029.
- Growing demand for customised medications
Growing demand for customised medications and focused therapies, combined with the availability of precise tools, will further stimulate the opportunities that will fuel the expansion of the market for a variety of instruments during the period covered by the forecast.
Opportunities
- Rising demand for their early identification and diagnosis
The main reasons propelling the expansion of the global market for array instruments is the rising prevalence of chronic diseases and the rising demand for their early identification and diagnosis. Additionally, governments in various nations are spending money to upgrade healthcare facilities, which is favourably impacting the market for array instruments, particularly in developing economies.
Restraints/Challenges
The lack of data analysis tools in developing nations will restrain the market's expansion for various instruments during the forecast period. The major obstacle to the market's expansion will be the escalating rivalry and emerging technology.
This array instruments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the array instruments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Array Instruments Market
The stock market reached its top position prior to the pandemic and the appearance of the new strain omicron. The creation of masks and hand sanitizers has become more popular among brands in recent years. On the other hand, it is anticipated that things will return to normal as the number of immunizations rises. The array instruments market has developed after the lockdown and other limitations were lifted.
Global Array Instruments Market Scope
The array instruments market is segmented on the basis of technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- DNA Microarrays
- Protein Microarrays
- Cellular Microarrays
- Tissue Microarrays
End User
- Research and Development Laboratories
- Clinical Diagnostic Labs
- Agriculture Research Centers
- Veterinary Laboratories
- Forensic Centers
Array Instruments Market Regional Analysis/Insights
The array instruments market is analysed and market size insights and trends are provided by country, technology and end-user as referenced above.
The countries covered in the array instruments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the array instruments market due to the increasing adoption of advanced technology.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Array Instruments Market Share Analysis
The array instruments 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 array instruments market.
Some of the major players operating in the array instruments market are:
- Thermo Fisher Scientific Inc. (U.S.)
- Agilent Technologies, Inc. (U.S.)
- Illumina, Inc. (U.S.)
- Arrayit Corporation (U.S.)
- Laboratory Corporation of America Holdings (U.S.)
- OriGene Technologies, Inc. (U.S.)
- Oxford Gene Technology IP Limited (U.K.)
- Pepscan (U.S.)
- PerkinElmer Inc. (U.S.)
- Phalanx Biotech Group (China)
- QIAGEN (Germany)
- RayBiotech Life Inc. (U.S.)
- Retrogenix (U.K.)
- Luminex Corporation (U.S.)
- MESO SCALE DIAGNOSTICS, LLC (U.S.)
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