DNA and Gene Chip Market Insights:
DNA and Gene Chip Market size was valued at USD 6.8 Billion in 2021, expecting a CAGR of 11.2% during the forecast period (2022-2030), and the market is projected to be worth USD 17.6 Billion by 2030.
The increased adoption of DNA and Gene Chip in the Biotechnology industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for DNA and Gene Chip also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of DNA and Gene Chip in many sectors also boosts the market growth during the forecast period.
A DNA and gene chip, also known as a DNA microarray, is a collection of small holes containing DNA. DNA microarrays have a variety of uses, including assessing the expression levels of several genes at the same time or genotyping different areas of a genome, proteomics, cancer detection, and drug development. Each DNA patch comprises probes, which are the picomoles of a particular DNA sample. Technological breakthroughs in computational biology, robotics, and microarray production technologies are propelling the global DNA and gene chip market forward.
DNA and Gene Chip Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Consumables, Instrumentation), By Application (Cancer Diagnosis & Treatment, Gene Expression, Genotyping, Genomics, Drug Discovery, Agricultural Biotechnology), By End Use (Academic & Government Research Institutes, Hospitals & Diagnostics Centers, Biotechnology & Pharmaceutical Companies, Others), and companies (Greiner Bio-One International Gmbh, Microarrays Inc., Mycroarray, Oxford Gene Technology, TOSHIBA HOKUTO ELECTRONICS CORPORATION, Savyon Diagnostics, Applied Micro Arrays, Biomérieux SA., Thermo Fisher Scientific, Inc. (Affymetrix, Inc.), Agilent Technologies, Illumina, Inc., Perkin Elmer, Inc., Arrayit Corporation, Macrogen Inc., Asper Biotech, Capitalbio Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 11.2%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||17.6 Billion|
|By Product||Consumables, Instrumentation|
|By Application||Cancer Diagnosis & Treatment, Gene Expression, Genotyping, Genomics, Drug Discovery, Agricultural Biotechnology|
|By End-use||Academic & Government Research Institutes, Hospitals & Diagnostics Centers, Biotechnology & Pharmaceutical Companies, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Greiner Bio-One International Gmbh, Microarrays Inc., Mycroarray, Oxford Gene Technology, TOSHIBA HOKUTO ELECTRONICS CORPORATION, Savyon Diagnostics, Applied Micro Arrays, Biomérieux SA., Thermo Fisher Scientific, Inc. (Affymetrix, Inc.), Agilent Technologies, Illumina, Inc., Perkin Elmer, Inc., Arrayit Corporation, Macrogen Inc., Asper Biotech, Capitalbio Corporation|
The COVID-19 pandemic has had a substantial negative influence on the DNA and Gene Chip market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Greiner Bio-One International Gmbh, Microarrays Inc., Mycroarray, Oxford Gene Technology, TOSHIBA HOKUTO ELECTRONICS CORPORATION, Savyon Diagnostics, Applied Micro Arrays, Biomérieux SA., Thermo Fisher Scientific, Inc. (Affymetrix, Inc.), Agilent Technologies, Illumina, Inc., Perkin Elmer, Inc., Arrayit Corporation, Macrogen Inc., Asper Biotech, Capitalbio Corporation
Market Segment Analysis:
- Cancer Diagnosis & Treatment
- Gene Expression
- Drug Discovery
- Agricultural Biotechnology
- Academic & Government Research Institutes
- Hospitals & Diagnostics Centers
- Biotechnology & Pharmaceutical Companies
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of DNA and Gene Chip industries in the region.
Key DNA and Gene Chip Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global DNA and Gene Chip Market segments.
– Largest Market Share Held by Industry to Industry for DNA and Gene Chip
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the DNA and Gene Chip Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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