DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9f28fw/global_microarray) has announced the addition of the "Global Microarray market 2015-2019" report to their offering.
The Global Microarray market to grow at a CAGR of 21.22% over the period 2014-2019
Microarray technology is used for studying the expression of biological materials such as DNA, RNA, small portions of tissue, or protein by immobilizing them onto a solid support such as a glass slide or silicon thin-film. The microarray analyzes large amounts of biological material using HTS miniaturized, multiplexed, and parallel processing and detection methods for a limited time with high accuracy and efficiency.
An increase in popularity of lab-on-a-chip is one key trend in the market. The use of LOC helps to reduce the consumption of reagents and other chemical compounds in tests and provides a high accuracy of results.
According to the report, advances in the technology of microarrays are one of the major drivers of the market. As a result of automation, improved sensitivity, accuracy, and robotics, the use of microarray technology and products has increased. Advanced microarray products such as LOC and protein microarray provide high accuracy, efficiency, and productivity in research and diagnostics.
Further, the report states that intense competition among vendors is one of the major challenges that the market faces. The market has the presence of many large, medium, and small companies that provide high-end microarrays, instruments, and software.
To calculate the market size, the report considers the revenue generated from the sales of microarray products, including arrays, instruments, and software used in various applications:
- Drug discovery and development
- Clinical diagnostics
It also includes various microarray technologies used in research, drug development, and diagnostics.
- DNA microarray
- Protein microarray
- Tissue microarray
- Other microarray
- Agena Bioscience
- Agilent Technologies
- Thermo Fisher Scientific
For more information visit http://www.researchandmarkets.com/research/9f28fw/global_microarray