The global market for DNA chips is thriving on account of the need to minimize the duration of medical researchers. Since, DNA chips are used for the development of several drugs within the pharmaceutical industry, their popularity has taken a tremendous leap across the entire pharmaceutical and medical fraternity. Miniaturization of DNA chips has also emerged as a vital domain of study with multiple applications. Is evident that the relevance of DNA chips within medical sciences is stupendous, which shall drive demand within the market. A report by Transparency Market Research (TMR) titled ‘DNA Chip Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023’ aims at decrypting the essential components of the global market. The report is an important focal point to gauge the lucrativeness of the market over the coming years.
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Researchers across the world are concerned about reducing the time and capital that is invested for drug discoveries and medical researches. Hence, the market for DNA chips has gained traction in the coming years. Furthermore, the need to develop therapies for cancers has also given a boost to the market. The demand for personalized medicines is a nascent trend that has surfaced across the globe, which is also playing a pivotal role in expanding demand within the market. Despite the affluence of the market, the lack of skilled professionals has placed a negative toll on the global market.
North America is expected to emerge as the most prominent geographical segment in the coming years. The other regional market segments are Asia Pacific, Europe, the Middle East and Africa, and Europe.
Some of the key market vendors are Biomérieux SA, Illumina Inc., Bioneer Corporation, Greiner Bio-One, Microarrays Inc, Macrogen Inc, and Scienion AG.