Tissue Microarray Market Overview

Microarray analysis has found significant relevance in cancer management and surging prevalence of oncology diseases is likely to initiate growth within the global microarray market.  They have demonstrated efficacy and accuracy in analysis of gene patterns in tumor and detection of cancer biomarker.Tissue microarray market benefits from the treatment’s potential to study a wide range of tumors at different phases of disease progression. Tissue microarray has developed an application in diagnosis of cancer through basic research, prognostic oncology, and drug discovery. The rising burden of cancer is one of the major factors favoring the expansion of the tissue microarray market.Tissue microarray is an efficient tool for identification of new diagnostic and prognostic markers. Its extensive application in drug discovery and research & development is one of the major factors projected to drive the tissue microarray market proliferation over the assessment period.

The application range of microarrays is expanding continuously. Microarray analysis also finds potential application in the field of drug discovery and targeted therapy. Other encouraging factors include a trend towards personalized medicine, development in the field of genetics, and increasing healthcare expenditure across the globe.The Tissue Microarray Market is also been used in the diagnosis of various diseases, which eventually aid in determining better treatment strategies. Moreover, TMA also finds extensive applications in the healthcare sector. Also, various properties of TMA such as portability, rapid assay times, and fewer sample requirements have widened its adoption despite it being an expensive technology.  The advent of tissue microarray technologies for genomics and proteomics, histopathology research received a similar much-needed boost by the introduction of tissue microarray technology (TMA). On the other hand, factors such as the challenges related to the heterogeneity of antigen expression of TMA in histopathological research are impeding the growth of the market.

 The tissue microarray (TMA) market, although still in its embryonic stage, it is growing rapidly.  The advent of tissue microarray in genomics and proteomics is a key driving force behind the growth of the market.  Moreover, emerging applications of tissue microarray technology in genotyping, mutation screening, protein interaction studies, and gene expression analysis are escalating the market on the global platform. Considering the exponential traction, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global tissue microarray market will reach an exponential valuation, the tissue microarray market size is predicted to reach USD 21287.23 Million by the end of the year 2030, registering a staggering CAGR over 10.04% throughout the forecast period.

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Tissue Microarray Market Players

The global microarray analysis market is marked by the presence of eminent players such as Thermo Fisher Scientific, Gyros AB, Luminex Corporation, NextGen Sciences PLC, Biomerieux SA, ProteoGenix, Affymetrix Inc., Sequenom Inc., Discerna, Illumnia Inc., Applied Microarrays, Agilent Technologies Inc., and Roche NimbleGen.

Tissue Microarray Market Segmentation

  • The global microarray analysis market has been segmented based on application, type, product type, and end-user.
  • By application, the global microarray analysis market has been segmented into tissue microarrays, protein microarrays, phenotype microarrays, chemical compound microarrays, DNA microarrays, and cellular microarrays. The DNA microarray segment is used extensively in diagnostic centers, academic and research institutes, ambulatory care centers, pharmaceuticals, hospitals, and biotechnology owing to which it accounts for the largest share of the market.
  • By application, the global microarray analysis market has been segmented into research, disease diagnosis, proteomics, forensic analysis, genomics, genotyping, drug discovery, and toxicological research. The drug discovery segment is expected to garner the highest CAGR over the forecast period.
  • By product type, the global microarray analysis market has been segmented into DNA chips, reagents, primers, instruments, reagent kits, and buffers. The instrument segment has been further segmented into centrifuge, slide imprinters, hybridization oven, Multi-Channel (MC) instrument, target preparation instrument, and others.
  • By end user, the global microarray analysis market has been segmented into pharmaceuticals, academic and research institutes, ambulatory care centers, biotechnology, diagnostic centers, hospitals and clinics, and others

Tissue Microarray Market Regional Analysis

Geographically, the global microarray analysis market spans across regions namely, North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

North America region is a frontrunner in the uptake of latest technologies and is briskly adopting microarray analysis for improved diagnosis. Heavy investment in R&D activities and augmented demand for advanced diagnostics spur the demand for microarray analysis.

Europe follows North America closely and is driven by an increased focus on drug discovery, targeted therapy, and personalized medicine.

The APAC microarray analysis market is expected to exhibit rapid growth over the forecast period. Expansion of the healthcare sector, spreading awareness, and government initiatives towards the modernization of the healthcare sector stimulate the growth of the market in APAC.

The MEA market is anticipated to witness limited expansion owing to low funding in healthcare and medical research.

 

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