Microarray Market: Says Continuous Technological Development in Genetics to Boost Growth, Says TMR

a new research report by Transparency Market Research (TMR) states that the global market for microarray has been experiencing a remarkable surge in its valuation and market size. Research analysts at TMR expect this market to continue growing steadily over the forthcoming years. The research study, titled “Microarray Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” offers a comprehensive evaluation of this market, considering its past and present performance. The drivers, prominent trends, obstacles, opportunities, and the growth potential in this market have also been thoroughly examined while carrying out this research.

The significant growth in the field of genetics and microbiology is the key factor behind the rise of the global market for microarrays. Over the coming years, the market is expected to benefits from continuous technological advancements, states the research report.

The worldwide market for microarray can be analyzed on the basis of product, type, application, and the geography. Based on the product, the market can be segmented into instruments and consumables. Based on the type, the market can be classified into protein microarrays, DNA microarrays, and antibody microarrays. Based on application, the market can be categorized into drug discovery, gene expression profiling tool, disease diagnosis, comparative genomics tool, and toxicological research. In terms of the geography, the market can be bifurcated into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

The report also offers a competitive analysis of the global market for microarray in a bid to understand the hierarchy present among the players operating in this market. Agilent Technologies, Thermo Fisher Scientific, Illumina Inc., and Merck are the leading providers of microarrays across the world. Other prominent companies in this market are QIAGEN, Applied Microarrays, Perkin Elmer, BioGenex, and Phalanx Biotech, states the market report.

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