Wednesday, January 31st, 2018 - Market Research Future

The North America Microarray Market is growing with the rapid pace; mainly due to the technological advancement.  According to a recent study report published by the Market Research Future, The North America Microarray market has been booming and expected to gain prominence over the forecasting period. The market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during 2016 – 2027. The North America Microarray market is expected to reach USD 1,635.4 billion by 2027 with a CAGR of 4% during 2016 to 2027.

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North America’s Microarray Market is predominantly driven by the technological advancements. Additionally, factors such as improved healthcare infrastructure, increasing research and development activities, usage of personalized medicines, government initiatives and rise in the incidences of cancer are fostering the market growth up to large extent.

Moreover, increasing government spending, rise in research and development activities, need for early cancer detection, increasing healthcare expenditure, and diagnosis and large-scale DNA/gene chip initiatives are expected to drive the North America market for microarrays during the forecast period. In addition, adoption of personalized medicines, wide range of application areas, and technological advancements are expected to drive the market for microarrays.

Standardization in microarray data and lack of skilled professionals are some of the major factors anticipated to challenge the growth of the North America’s Microarrays market.

North America the market for Microarray is increasing rapidly. A Microarray is a multiplex lab-on-a-chip. It is a 2D array on a solid substrate, usually a glass slide or silicon thin-film cell, that assays large amounts of biological material using high-throughput screening miniaturized, multiplexed and parallel processing and detection methods. Globally the Microarray market is dominated by DNA Microarrays. The protein Microarray is currently the fastest growing market. The use of peptide and carbohydrate Microarrays is expanding. Tissue and cell Microarrays are in their infancy stage and are developing slowly because of many complications in the process development. North American market for Microarray is expected to grow at the rate of about 4.0% from 2016 to 2027.

North America Microarray Market   - Competitive Analysis

Characterized by the presence of several well-established and small players, the North America Market of                                                                                     Microarray appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. The Key players operating in the market compete based on pricing, availability, brand, and variety. Manufacturers adopt modern manufacturing process to ensure safety and convenience. Marketers employ a continuous improvement strategy to analyze and update drugs, implementing improvements and launching new solutions to meet the changing needs of both patients and health care professionals.  Manufacturers invest heavily in to developing pipeline of innovative drugs to address unmet patient needs.  Investment activities in the Microarray Market are interpreted as capacity expansion plan and intensive R&D with an aim of obtaining vast growth opportunities.

North America Microarray Market   - Segments

The Microarray Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Type                   Comprises Protein Microarray, Tissue Microarray, and Cellular Microarray.

Segmentation By Product             Comprises Paraffin Tissue Sections (FFPE), Frozen Tissue Sections and other

Segmentation By Application        : Comprises Immunohistochemistry, In-Situ Hybridization.

Segmentation By Regions                         : Comprises Geographical regions and countries of - North America such as US, Canada etc.


Paraffin tissue sections (FFPE) hold the largest share of 54.6% of the North America Tissue Microarray market.

Immunohistochemistry segment holds the largest market share of 47.5% in 2015.

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North America Microarray Market   - Regional Analysis

In North America, U.S. is the largest market for Tissue Microarray. Canada is the second-largest market and is expected to be fastest growing market for Tissue Microarray in North America.

U.S. holds the largest market share of North America Tissue Microarray market and is anticipated to reach $364.2 million by the end of 2027.


 

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Market Research Future


At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


Akash Anand
P: +1 646 845 9312
W: www.marketresearchfuture.com

Market Research Future


Norah Trent
P: +1-646-845-9349 (US) +44 208 133 9349 (UK)
W: www.marketresearchfuture.com

Keywords

Microarray , Microarray Market, Microarray Market Trends, Microarray Market Analysis, Microarray Market Forecast, Microarray Market Research, Healthcare news, Medical, marketresearchfuture.com

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