1699599626767
FAQ's
Answer : According to Precedence Research, the microarray market size was valued at USD 3.72 billion in 2020 and expected to surpass USD 8.15 billion by 2030.
Answer : The microarray market is anticipated to grow at a compound annual growth rate of 8.2% from forecast period 2021 to 2030.
Answer : Factors such as growing incidence of cancer worldwide, increasing expenditure on research and development in the healthcare sector, growing number of applications of microarrays, advances in the fields of proteomics and genomics, developments in bioinformatics, evolution of softwareā€™s, growing awareness regarding personalized medicines, and increasing preference for DNA based microarrays are driving the growth of microarray market.
Answer : In 2020, the North American region dominated the worldwide market with a market share of higher than 39%.
Answer : The key companies functioning in the worldwide microarray market are Illumina, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Merck & Co., Inc., PerkinElmer, Inc., Arrayit Corporation, Bio-Rad Laboratories, GE Healthcare, Molecular Devices, LLC, and Affymetrix among others.
Answer : Among the product segment, consumables dominated the overall market in 2020. Recurrence and bulk procurement of consumables for numerous research applications is the foremost factor attributing to its large market share.
Answer : The Asia-Pacific is anticipated to witness the rapid growth rate, on account of increasing investment by major manufacturers, high prevalence of cancer, and growing per-capita healthcare expenditure.
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