DNA Microarray Market: 15.16% CAGR to 2020
PUNE, India, October 17, 2016 /PRNewswire/ --
2016 global DNA microarray market research says growing popularity of personalized medicines will be a key trend for market growth. The popularity of DNA microarray technology is growing as it helps in the early detection of diseases, and selection of accurate treatment methods can reduce mortality rates. DNA microarray technology enables researchers to analyze critical biological complications such as the genomic variations and nature of inherited syndromes that cause cardiovascular diseases and cancers.
Complete report on DNA microarray market spread across 75 pages, analyzing 4 major companies and providing 50 data exhibits now available at http://www.reportsnreports.com/reports/709625-global-dna-microarray-market-2016-2020.html.
This analyst forecast the global DNA microarray market to grow at a CAGR of 15.16% during the period 2016-2020. According to the DNA microarray market report, advances in technology will be a key driver for market growth. Rapid advances in technology related to DNA microarray has equipped related solutions to produce results with high efficiency, accuracy, specificity, and reproducibility in target identification, primary screening, and toxicity study in drug discovery and research. The technological advances in DNA microarray have also enabled solutions to be applied in clinics, commercial laboratories and research institutions, and hospitals to detect DNA and proteins with the motive of disease diagnosis, drug discovery, and disease monitoring that has significantly increased the acceptance and adoption of these solutions.
By 2020, it is estimated that the consumables segment will dominate DNA microarray market owing to an increase in the number of applications that use a variety of consumables such as reagents and buffers on a regular basis for testing purposes. The gene expression segment is anticipated to be the largest DNA microarray market segment during the forecast period. Much of this segment's growth can be attributed to the increase in volume of gene expression analysis procedures performed related to clinical diagnosis globally.
The Americas will be the largest DNA microarray market and will continue its market dominance until the end of 2020. Much of DNA microarray market growth in the Americas can be attributed to the recent increase in the number of age-related chronic diseases, which will, in turn, necessitate the utilization of technologies such as DNA microarrays for testing and development of new drugs. Additionally, the recent increase in investments by biotechnology and pharmaceutical companies to develop targeted therapeutics using DNA microarray solutions will result in this region's market dominance during the estimated period.
The following companies are the key players in the global DNA microarray market: Agilent Technologies, Illumina, Merck, and Thermo Fisher Scientific. Other prominent vendors in the market are: Applied Microarrays, Arrayit, AXO Science, BioCat, BioGenex Laboratories, Biometrix Technology, Cepheid, GE Healthcare, InDevR, LC Sciences, PerkinElmer, Phalanx Biotech, QIAGEN, Takara Bio, and US Biomax. Order a copy of Global DNA Microarray Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=709625.
Global DNA Microarray Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the sales of DNA microarray solutions such as instruments and consumables.
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