The Microarray Scanners Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Microarray Scanners Global Market Report 2024, The microarray scanners market size has grown strongly in recent years. It will grow from $0.89 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increased genomic research, pharmaceutical industry growth, academic and research institutes, diagnostic applications, high-throughput screening.
The microarray scanners market size is expected to see strong growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growing focus on pharmacogenomics, increasing demand for biobanking, increased focus on infectious disease research, increasing demand for diagnostic laboratories, growing application areas of microarrays. Major trends in the forecast period include focus on cancer research, technological innovation, strategic partnerships.
The rising prevalence of chronic diseases is expected to propel the growth of the microarray scanner market going forward. Chronic disease is a form of illness that lasts three months or more and can deteriorate with time. Microarray scanners can assess gene expression patterns, allowing researchers to investigate the molecular mechanisms underlying chronic diseases and discover potential biomarkers for diagnosis, prognosis, and treatment. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there will be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Therefore, the rising prevalence of chronic diseases is driving the growth of the microarray scanner market.
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The microarray scanners market covered in this report is segmented –
1) By Product Type: Fluorescence Microarray Scanners, Charge-coupled Devices Microarray Scanners, Colorimetric Microarray Scanners, Other Product Types
2) By Technology: Slide-based, Gel-based
3) By Application: Gene Expression, Drug Discovery, Other Applications
4) By End User: Hospitals, Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies, Academic And Research Institutes
Product innovations are a key trend gaining popularity in the microarray scanners market. Major companies operating in the microarray scanners market are developing innovative products to sustain their position in the market. For instance, in April 2021, Zeiss, a Germany-based company that manufactures optical systems, launched the ZEISS Axioscan 7, a microscopy slide scanner. It is a next-generation slide scanner for the automated digitization of microscopy samples with a new acquisition engine for higher scan speeds, a broader range of imaging modes that provide extended capabilities with more flexibility, advanced fluorescence imaging, and an improved user experience. The ZEISS Axioscan 7 combines consistently high scan rates, straightforward operation, and application-specific customization possibilities to fulfill the demands for reliable 24/7 scan performance and the finest imaging quality across various applications.
The microarray scanners market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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