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DNA Microarray Market Is Expected to Grow at a CAGR of 15.2% from 2014 to 2019 - A Report by MicroMarket Monitor

(PRWEB) December 12, 2014

The DNA Microarray market market was valued at $1,253 million in 2013, and is expected to grow at a CAGR of 15.2% from 2014 to 2019.

Browse through the TOC of the DNA Microarray for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

The global DNA Microarray market consists of instrument, consumables, and services, where the consumables market contributed the maximum share for approximately 63% in 2013 among all product segments. The major factors fueling the global DNA Microarray market are emerging technologies, declining average selling prices of instruments and services, and a gradual shift towards the outsourced services market. The global DNA Microarray market was highly dependent on government funding. Leading market players are yet striving to diversify their customer base to combat unexpected fluctuations in government investments.

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The report segments DNA Microarray market on the basis of types, products, applications, and geography. The market is further segmented and forecast on the basis of the major regions, such as the North America, Europe, Asia-Pacific, and Rest of the World. The North American market was valued at $423.2 million in 2013, and is the largest regional contributor to the global DNA Microarray market. Also, high growth is expected from the Asian markets, especially in China, India, South Korea, and Singapore due to increasing government investments on biotechnology. Furthermore, China and India being the most populous countries provides the largest base for clinical trials and drug discovery which in turn triggers the DNA microarray market in the region.

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In addition, the report presents a competitive landscape and company profiles of the key players in the market. Affymetrix, Inc. dominates the market due to its increased number of patents, first-to-market presence, and many commercial partnerships. The other key players in this market include Agilent Technologies Pvt. Ltd., Perkin Elmer, Inc., Origene Technologies, Inc., Genomic Solutions, Inc., QIAGEN, Illumina, Inc., Applied microarrays, Inc., Roche Nimbelgen, Inc.; and Sequenom.

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North American DNA Microarray Market

North America accounts for the highest market share of the DNA microarray market in 2013. The market value was pegged at $423.2 million in 2013 and is expected to grow at a CAGR of 11.0% from 2014 to 2019. Factors such as increased focus on personalized medicine rise in diagnostic rates of cancer cases, and technical advances are largely responsible for fuelling the growth of this market.
The key players of the market covered in the report are Illumina, Agilent Technologies, Roche Diagnostics, Sequenom, Inc., Bio-rad Laboratories, Oxford Gene Technology.

European DNA Microarray Market

Europe accounted for 27% market share of the DNA microarray market globally in 2013. The market value was pegged at $337.5 million in 2013 and is expected to grow at a CAGR of 16.2% from 2014 to 2019.
The report provides an extensive competitive landscaping of companies operating in this market. The key players of the market covered in the report are Illumina, Agilent Technologies, Roche Diagnostics, Sequenom, Inc., Bio-rad Laboratories, Oxford Gene Technology.

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