The global DNA microarray market size is expected to reach USD 8677.7 Million by 2028 and register a CAGR of 12.6%, according to the latest report by Reports and Data. Rising prevalence of cancer, growing adoption of DNA microarray technology in various applications such as cancer research, genetic disease diagnosis, and personalized medicine are key factors driving global market revenue growth.
DNA microarray is a laboratory tool used for measuring patterns of several genes simultaneously. It is a collection of microscopic DNA spots that are attached to a solid surface that aid in measuring expression of large number of genes at once. These microarrays are extensively used in gene expression, early-stage cancer detection, and drug discovery. The DNA microarray market is gaining significant traction in recent years. Increasing applications of DNA microarray technique, rapid growth in genomics and medical sector, rising prevalence of several chronic diseases and growing adoption of microarray techniques to detect various infectious diseases is boosting demand for DNA microarray across the world. Factors such as growing adoption of genetic testing, rising research and development activities in pharmaceutical and biotechnology sector, and rapid developments in healthcare infrastructure and facilities are boosting market growth. Moreover, increasing investments by leading players to develop more efficient and enhanced DNA microarrays is expected to boost growth of the global DNA microarray market during the forecast period. In addition, growing focus on R&D in cancer is projected to open lucrative opportunities for key players going ahead.
However, high costs associated with sequencing and lack of skilled professionals to carry out these processes are expected to hamper global market revenue growth throughout the forecast period.
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For this study, Reports and Data has segmented the global DNA microarray market based on type, application, end-use, and region:
Type Outlook (Revenue in USD Million, 2018–2028)
Application Outlook (Revenue in USD Million, 2018–2028)
End-Use Outlook (Revenue, USD Million, 2018 – 2028)
Regional Outlook (Revenue, USD Million, 2018 – 2028)
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