1. What is the projected Compound Annual Growth Rate (CAGR) of the Microarray Scanners Market?
The projected CAGR is approximately 8.2%.
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Microarray Scanners Market by Product Type (Fluorescence microarray scanners, Charge-coupled devices microarray scanners, Colorimetric microarray scanners, Other types), by Application (Gene expression analysis, Protein microarrays, Drug discovery, Genotyping and SNP analysis, Other applications), by End-use (Hospitals and clinics, Pharmaceutical and biotechnology companies, Diagnostic laboratories, Academic and research institutes, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe), by Asia Pacific (Japan, China, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Microarray Scanners Market was valued at USD 939.4 Million in 2024 and is projected to reach USD 1630.95 Million by 2033, with an expected CAGR of 8.2% during the forecast period. The Microarray Scanners Market emphasizes the creation and utilization of instruments intended to scan and evaluate microarrays, which are applied in multiple biological and medical research fields. Microarrays consist of tiny samples of DNA, RNA, or proteins organized on a solid surface, allowing for extensive analysis of gene expression, genetic differences, and protein interactions. Microarray scanners employ laser and fluorescence technologies to identify signals released from these samples, offering in-depth information about gene activity and molecular pathways. The market is influenced by the rising need for personalized medicine, progress in genomics, and the heightened emphasis on research in biotechnology and molecular biology. Furthermore, the growth in cancer studies, medication development, and genetic analysis plays a role in the increasing application of microarray technology. As advancements in genomics, proteomics, and diagnostics proceed, the demand for more sophisticated, precise, and affordable microarray scanners is anticipated to grow. The Microarray Scanners Market is set for sustained expansion, as advancements in scanner efficiency, automation, and synergy with bioinformatics tools are boosting research potential and clinical uses.
The market is moderately concentrated, with major players holding a significant market share. Key characteristics include:
The market size was valued at 939.4 Million in 2022 and is projected to reach 2,123.6 Million by 2030. Key growth drivers include:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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The projected CAGR is approximately 8.2%.
Key companies in the market include Agilent Technologies, Inc., Arrayit Corporation, Aushon BioSystems, Bio-Rad Laboratories, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Hitachi High-Tech Corporation, Illumina, Inc., LI-COR Biosciences, Microarrays, Inc., Oxford Gene Technology, PerkinElmer, Inc., SciGene Corporation, Tecan Group Ltd., Thermo Fisher Scientific, Inc..
The market segments include Product Type, Application, End-use.
The market size is estimated to be USD 939.4 Million as of 2022.
Advancements in genomics and proteomics research. Rising prevalence of chronic diseases. Growing technological advancements.
N/A
High cost associated with microarray scanners. Stringent regulatory requirements.
In August 2023, Thermo Fisher Scientific has announced the launch of a new chromosomal microarray designed to improve cytogenetic research lab productivity, efficiency, and profitability with an industry-leading two-day turnaround time. Thus, it expanded the product portfolio of the company and helped to increase the sales.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Million and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Microarray Scanners Market," which aids in identifying and referencing the specific market segment covered.
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