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30-May-2023

DNA and Gene Chip (Microarrays) Market to Register Highest CAGR Growth of 13.6% by 2030

Data Bridge Market research has recently published the comprehensive business research on “Global DNA and Gene Chip (Microarrays) Market” includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. DNA and Gene Chip (Microarrays) Market analysis report covers detailed value chain analysis of the market.

The value chain analysis helps to analyse major upstream raw materials, major equipment, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.

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Data Bridge Market Research analyses that the deoxyribonucleic acid (DNA) and gene chip (microarrays) market, which was USD 13.24 billion in 2022, would rocket up to USD 36.74 billion by 2030, and is expected to undergo a CAGR of 13.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Overview:

DNA microarray is the technology widely used to evaluate the expression levels of thousands of genes together and all genes in a genome at the same time. Microarrays assist in diagnosing gene discovery, disease, toxicological research, and medicine development. DNA and gene chip is a combination of technologies used to simultaneously detect expression levels of at least ten thousand DNA sequences named genes using a slide with DNA spots attached to it.

As per the Globocan 2020 statistics, there were around 467,965 new cancer cases in France, with 185,621 deaths. As per the Foundation de France, cancer affects more than 350,000 people yearly and kills close to 150,000, resulting in approximately one-third of all deaths. Deoxyribonucleic acid (DNA) and gene chip (microarrays) are increasingly gaining much importance in emerging economies and increasing awareness about them in remote areas. Thus, deoxyribonucleic acid (DNA) and gene chip (microarrays) are discovered to play a critical role in risk assessment and early diagnosis.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the DNA and Gene Chip (Microarrays) Market including: –

  • F. Hoffmann-La Roche Ltd. (Switzerland)
  •  Thermo Fisher Scientific (U.S.)
  • Abbott (U.S.)
  • QIAGEN (Germany)
  • PerkinElmer, Inc. (U.S.)
  • Merck KGaA (Germany)
  • Bio-Rad Laboratories, Inc. (U.S.)
  • Enzo Biochem, Inc. (U.S)
  • Charles River Laboratories (U.S.)
  • Agilent Technologies, Inc. (U.S.)
  • Bruker (U.S.)
  • Siemens (U.S.)
  • General Electric (U.S.)
  •  Oxford Gene Technology IP Limited (U.K.)
  • Gyros Protein Technologies AB (U.K.)
  • Macrogen, Inc (South Korea)
  • BIONEER CORPORATION (South Korea)

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Global Deoxyribonucleic Acid (DNA) and Gene Chip (Microarrays) Market Dynamics

Drivers

  • Increasing Use of Biochips

The increasing demand for biochips is surging the demand of the market. These techniques could separate cancer cells from blood samples and allow major profiling of cancer cells’ genes, assisting the medical helps to target tumors and carrying out treatments efficiently. Thus, this factor boosts the growth of the market.

  • Increasing Collaborations between Market Players

The market is increased by huge research collaborations carrying out technical analysis of gene expression techniques—for instance, Illumina. Inc., the largest player in this field, agreed to include biobanking deals with Montreal Heart Institutes and Montreal Heart Institute in 2016. Illumina’s products were widely used in genotyping the probes stored by these research institutions. Thus, this factor boosts market growth.

Opportunities

  • Increasing Developments by Market Players

There have been increasing developments by major market players that have led to the market’s growth. For instance, My Heritage, a top global service for family history and DNA testing, announced a major expansion of the company’s DNA product line with the launch of the My Heritage DNA Health + Ancestry test in 2020. The company has its custom-designed new DNA chip through Illumina’s Global Screening Array (GSA) to balance the requirements of genetic genealogy and health testing. Thus, these increasing developments led to the growth of the market.

Restraints/Challenges

  • Complications of Microarrays

The most major complications of microarrays include the high cost of a single experiment, the huge number of probe designs based on sequences of low specificity, and the lack of control during the pool of analyzed transcripts. Also, the results are not always reproducible. Thus, this factor restricts the market growth.

How does the Report Aid Your Business Discretion?

  • This section of DNA and Gene Chip (Microarrays) Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
  • The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
  • A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
  • New player entry analysis and their scope of new business models
  • The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
  • A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
  • A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
  • Details on market estimations, market size, dimensions
  • A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the DNA and Gene Chip (Microarrays) Market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the DNA and Gene Chip (Microarrays) Market.

 Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global DNA and Gene Chip (Microarrays) Market Landscape

Part 04: Global DNA and Gene Chip (Microarrays) Market Sizing

Part 05: Global DNA and Gene Chip (Microarrays) Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Get Complete Details with TOC @

https://www.databridgemarketresearch.com/toc/?dbmr=global-dna-and-gene-chip-microarrays-market

The investment made in the study would provide you access to information such as:

  • DNA and Gene Chip (Microarrays) Market [Global – Broken-down into regions]
  • Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
  • Country-wise Market Size Split [of important countries with major market share]
  • Market Share and Revenue/Sales by leading players
  • Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
  • Market Size
  • Market Size by application/industry verticals
  • Market Projections/Forecast

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Editor Details

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Last Updated: 30-May-2023