The global microarray market to grow at a CAGR of 14.34% during the period 2016-2020.
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 report also includes a discussion of the key vendors operating in this market.
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
- Thermo Fisher Scientific
Other prominent vendors
- Applied Microarrays
- AXO Science
- Biometrix Technology
- GE Healthcare
- LC Sciences
- Perkin Elmer
- Phalanx Biotech
- Takara Bio
- US Biomax.
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Market segmentation by application
Part 08: Market segmentation by product type
Part 09: Market segmentation by technology
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/64wltv/global_microarray
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SOURCE Research and Markets