A microarray is an advanced tool used in molecular biology. It allows end-users to conduct high-throughput and highly parallel analyses of more than thousand points of interest that include messenger ribonucleic acid (mRNA), genes, and proteins. Microarrays include a broad range of platforms in which high-density assays are conducted parallel on a solid support. The concept of the microarray is based on base-pairing hybridization principle (hybridization between nucleic acids).
Technavio’s analysts forecast the global microarray market to grow at a CAGR of 14.34% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global microarray market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of microarray solutions such as instruments and consumables.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Microarray market 2016-2020
Technavio recognizes the following companies as the key players in the global microarray market: Agilent Technologies, Illumina, Thermo Fisher Scientific, and Merck.
Other Prominent Vendors in the market are: Applied Microarrays, Arrayit, AXO Science, BioCat, BioGenex, Biometrix Technology, Cepheid, GE Healthcare, InDevR, LC Sciences, Perkin Elmer, Phalanx Biotech, Qiagen, Takara Bio, and US Biomax.
Commenting on the report, an analyst from Technavio’s team said: “There is an increase in focus on drug discovery and development by pharmaceutical and biotechnology companies, as well as by research institutes for several diseases. Microarrays technologies are widely used in target classification, target authentication, pathway analysis, compound profiling, and toxicology studies, which are critical factors in drug discovery and development.”
According to the report, Microarray technologies, which involve miniaturization, are emerging in the fields of genomics and proteomics, thereby enabling high-throughput processing. These technologies are adopted in genotyping, mutation screening, protein interaction studies, and gene expression analysis. The technology also helps in a better understanding of the inter-relation among genes, hence driving the global microarray market.
Further, the report states that advanced microarray instruments with specific and advanced features are expensive to procure and maintain, which can hinder their adoption in the market. The monitors and other portable immunodiagnostics such as POC testing products for gene testing must comply with the changing and periodic reviews of strict standards and regulations, which also increases their maintenance cost.
Agilent Technologies, Illumina, Thermo Fisher Scientific, Merck, Applied Microarrays, Arrayit, AXO Science, BioCat, BioGenex, Biometrix Technology, Cepheid, GE Healthcare, InDevR, LC Sciences, Perkin Elmer, Phalanx Biotech, Qiagen, Takara Bio, US Biomax.
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