The 2023 report on the “DNA and Gene Chip (Microarrays) Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global DNA and Gene Chip (Microarrays) Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. DNA microarrays are a technology used to measure the expression levels of thousands of genes together and at times, all genes in a genome at the same time. The government funding and investments in biotechnology, increasing geriatric population has led to the adoption of DNA and Gene Chip (Microarrays) across the forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For Instance: as per the IBEF, the Indian biotechnology industry amounted to US$ 63 billion in 2019 and is forecast to reach US$ 150 billion by 2025, with a CAGR of 16.4%. Also, with the rising need for early cancer detection & cancer diagnosis, the adoption & demand for DNA and Gene Chip (Microarrays) is likely to increase the market growth during the forecast period. However, lack of skilled Professionals impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global DNA and Gene Chip (Microarrays) market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the setting up manufacturing facilities for biotechnology and pharmaceutical companies. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028 due to the region providing the largest base for clinical trials and drug discovery would create lucrative growth prospects for the DNA and Gene Chip (Microarrays) market across Asia-Pacific region.
Major market players included in this report are:
LC SCIENCES
AFFYMETRIX INC
AGILENT TECHNOLOGIES INC
BIOMERIEUX SA
BIOMETRIX TECHNOLOGY INC
BIONEER CORP
CAPITALBIO CORP
EUROFINS MWG OPERON
GREINER BIO-ONE
ILLUMINA INC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
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Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Acute Illness Treatment
Trauma/Injury Treatment
Physical Examinations
Immunization & Vaccination
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
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Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Which elements of this study are relevant to market analysis?
- The research offers a thorough analysis of market trends, along with details on regional usage and consumption.
- The growth rates of each area, including their respective nations, are included in market reports for the upcoming years.
- How are the major market players rated?
- A thorough study of the market’s top rivals is provided in this report.
- The study contains details about the major market vendors.
- Each company’s profile, revenue sources, and items produced are all covered in detail in the study.
- Along with the opinions of the top market participants, the study includes data and information about rival companies.
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