Report Code: 12894 | Available Format: PDF | Pages: 270
The global DNA microarray market generated revenue of USD 1,982.1 million in 2023, which will reach USD 3,930.8 million by 2030, advancing at 10.5% CAGR between 2024 and 2030. The growth of this market is attributed to the rising incidence of cancer globally, increasing utilization of this technology in its detection, and revolution in information technology, including software.
The rising global burden of cancer is one of the most-significant growth factors for this market. Many recent studies have demonstrated the efficacy of DNA microarrays for the classification of soft-tissue malignancies and determining the primary sites of metastatic tumors. According to the World Health Organization, cancer is one of the leading causes of death globally, accounting for nearly 10 million deaths every year. The leading cancers in terms of deaths are lung, liver, stomach, breast, colon, and rectum.
Furthermore, the growing utilization of this technology for discovering biomarkers, for the discovery of disease-related genes and diagnosis of diseases, is expected to create a new opportunity for the DNA microarray market in the forthcoming period.
Governments are also supporting the players in setting up research facilities for vaccines and therapeutics for such diseases. Additionally, this technology is being widely utilized in herbal drug research & development.
In addition, various strategic initiatives are taken by the key players, such as partnerships a collaborations, to strengthen their personalized therapeutics and genotype capabilities.
DNA microarrays are important in personalized medicine because they can be used for a wide range of purposes, including diagnosis, prognosis, and targeted therapies for many conditions. Primarily, due to some restrictions in the diagnosis and treatment of diseases via traditional methods, personalized medicine has gained recognition. Among these, the most significant of these are cancer and immunologic disorders, the prognosis and treatment of which depend on the understanding of every individual patient’s genome. Hence, the rising demand for personalized medicine is one the main factors driving the growth of the market.
Report Attribute | Details |
Market Size in 2023 |
USD 1,982.1 Million |
Market Size in 2024 |
USD 2,164.8 Million |
Revenue Forecast in 2030 |
USD 3,930.8 Million |
Growth Rate |
10.5% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Type; By Application; By End User; By Region |
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Based on type, the oligonucleotide DNA microarray category accounts for the largest share, of 70%, and it is further expected to maintain its dominance in the future. The growth of this category is attributed to the advantages of these products, such as cost-effectiveness and an exceptional capability to monitor the expression of every gene in the genome.
Additionally, the control it offers over hybridization specificity makes it the most-prominent method for the analysis of single nucleotide polymorphisms.
The cDNA microarray category is expected to register the highest growth rate over the forecast period.
Based on end user, the pharmaceutical & biotechnology category accounted for the largest share, of 40%, in 2023, and it is set to maintain its dominance in the future. This is owing to the growing adoption of DNA microarrays in drug discovery and research applications. In this regard, the growth in the research activity for finding new drug molecules supports the market advance in this category. The understanding of the importance of the Human Genome Project has opened new opportunities for the usage of this technology in cancer research. A growing number of molecular markers with a prognostic and diagnosis potential are being identified For a broad range of human cancer with cDNA microarray analysis.
Hospitals & diagnostic centers will showcase the fastest growth over the forecast period.
Therefore, companies in the market are expanding their portfolio of products for hospitals and diagnostic centers that help in the detection of autoimmune diseases, cancers, communicable diseases, and other inherited-mutation-related diseases. For instance, Applied Microarrays LLC offers custom arrays to diagnose various communicable diseases and cancers. In addition to this, some other diseases detectable by these products include diet-related diseases, such as dysbiosis, celiac, and general food intolerance.
Geographically, North America held the largest share, of around 40%, in 2023, and it is expected to grow at a robust CAGR during the review period.
Furthermore, the market in Canada is growing rapidly on account of its advanced healthcare infrastructure, government initiatives for enhancing access to effective diagnosis services, surge in the incidence of chronic diseases, and presence of key players.
In the same way, the growth of the market in Europe is due to the advancement of the health infrastructure and rise in the incidence of infectious diseases and cancer.
Furthermore, the adoption of this technology is quickly rising in Germany due to an increase in the prevalence of cancer, expansion of screening practices, and technological advancements in specialized testing. Moreover, The Government of Germany is taking initiatives to make people aware of early and effective disease diagnosis and improve the access to the associated services.
This report offers deep insights into the DNA microarray market, with size estimation for 2017 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.
By the end of the decade, the global DNA microarray market will produce revenue of around USD 3,930.8 million.
The DNA microarray industry will advance at a strong CAGR of 10.5% over the forecast period.
The development of the DNA microarray industry is mainly propelled by reasons like augmented awareness and acceptance of this technology in numerous industries, improvements in software development, and the increasing demand for personalized medicine.
A significant trend in the DNA microarray industry is the dominance of oligonucleotide DNA microarrays due to their cost-efficiency and accurate gene expression monitoring abilities. Additionally, the use of DNA microarrays in cancer research and drug discovery is a notable trend.
North America is projected to be the dominant regional player in the DNA microarray market, driven by the presence of key industry players investing in advanced microarray technologies and the rising demand for innovative healthcare solutions.
A key driver fueling the growth of the DNA microarray market in North America is the surge in difficult-to-diagnose and treat diseases, leading to an increased demand for microarray technologies in clinical diagnostics and research.
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