Global DNA And Gene Chip market outlook 2024, Forecast To 2033
4 Mar, 2024
The DNA and gene chip market size has witnessed rapid growth, increasing from$7.38 billion in 2023 to$8.4 billion in 2024, showcasing a compound annual growth rate (CAGR) of 13.9%. This growth is attributed to advancements in genomic research, the rise of personalized medicine, milestones in the Human Genome Project, drug discovery and development, and disease biomarker identification. Forecasts indicate rapid growth in the coming years, with the market projected to reach$13.7 billion by 2028, boasting a compound annual growth rate (CAGR) of 13.0%. This growth is fueled by advancements in precision medicine, expansion of biomarker discovery, growth of personalized therapeutics, application in cancer research, and increasing research funding. Major trends in the forecast period encompass technological advancements, product innovations, regulatory framework and compliance, focus on rare diseases, and continuous reduction in costs.
Global DNA And Gene Chip Market Key Driver
The rising demand for early cancer detection is significantly contributing to the growth of the DNA and gene market. DNA and gene chips are used to measure gene expression patterns, determine the genetic and epigenetic landscape, and measure genomic regulatory elements bound by cancer transcription factors in cancerous cells. For instance, it is projected that there will be approximately 1.9 million newly diagnosed cancer cases and 609,360 deaths from cancer in the United States. Therefore, rising demand for early cancer detection is driving the growth of the DNA and gene chip market. The 2023 market size projections also support significant growth prospects in the DNA and gene chip market.
Get A Free Sample Of The Global DNA And Gene Chip Market ReportGlobal DNA And Gene Chip Market Segments
The global dna and gene chip market covered in this report is segmented –
1) By Type: Oligonucleotide DNA (o-DNA), Complementary DNA (c-DNA), Other Types
2) By Application: Cancer Diagnostics, Gene Expression, Proteomics, Genomics, Drug Discovery, Agrigenomics, Other Applications
3) By End User: Academic And Government Research Institutes, Biotechnology And Pharmaceutical Companies, Hospitals And Diagnostics Centers, Other End Users
By Geography: The regions covered in the dna and gene chip market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the DNA and gene chip market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dna and gene chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major DNA And Gene Chip Industry Players
PerkinElmer Inc., Illumina Inc., Thermo Fisher Scientific Inc., Macrogen Inc., Agilent Technologies Inc., Greiner Bio-One International GmbH, CapitalBio Corporation, Microarrays Inc., bioMérieux SA, Applied Microarrays Inc., Biometrix Technology Inc., Oxford Gene Technology IP Limited, Affymetrix Inc., Bioneer Corporation, Eurofins MWG Operon LLC, F. Hoffmann-La Roche Ltd, QIAGEN N.V., Bio-Rad Laboratories Inc., Arrayit Corporation, BioChain Institute Inc., Cepheid, Clontech Laboratories Inc., Eppendorf AG, Fluidigm Corporation, GE Healthcare, Genisphere LLC, Gyros Protein Technologies AB, Hitachi High-Technologies Corporation, LC Sciences, Luminex Corporation
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DNA And Gene Chip Market Overview
A DNA and gene chip is a microchip that contains microscopic DNA probes attached to a solid surface that can identify DNA from test samples and make up half of the DNA double helix. If the test sample of DNA has the mutation, then the DNA will not bind properly to the sequence on the chip. The DNA and gene chip is used to measure the expression levels of genes or to ascertain whether a particular person's DNA has mutations in genes which are variations in DNA which can cause ailments.
DNA And Gene Chip Global Market Report 2023 provides data on the global dna and gene chip market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dna and gene chip market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.