ID: MRFR/LS/0706-CR | 186 Pages | Published By Rahul Gotadki on July 2019
Tissue Microarray Market overview
According to the latest report, the tissue microarray market size is predicted to reach USD 21287.23 Million by the end of the year 2030 with a growth rate of 10.04% CAGR, during the forecast period. Tissue microarray is paraffin blocks where up to 1000 separate cylindrical tissue cores can be assembled in an array fashion which allows analyzing of molecules that are present n DNA, mRNA, and protein levels under similar standardized conditions on a single glass slide. This versatile strategy where data automated analysis provides prospective and retrospective human tissue studies.
The rising applications in discovery of drugs, the increasing advancements in pharmaceutical companies and biotechnology, rising generality of cancer, and increasing demand for accurate and cost-effective diagnostic methods are the major factor that is contributing to the growth of the tissue microarray market. Array-based technology offers platforms for profiling of tissues such as DNA array and tissue array and disease genes; thousand of genres have been identified with the help of tissue microarray technology which can be associated with progression, initiation, and development. Moreover, tissue microarray is not beneficial for heterogeneous cancers and it is likely to create hurdles in the growth of the tissue microarray market.
This report contains all the information on the global tissue microarray market dynamics research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the tissue microarray market and forecast to 2023 is also included in the report.
Covid 19 Analysis
The outbreak of the covid 19 viruses has spread to nearly almost every country around the globe, based on the reports of the World Health Organization (WHO) has declared a global pandemic. Based on researches, the outperformers are seeking growth in core expansion, geographic, adjacent spaces, and up and down the value chain.
The rise in the number of cases of a cancer patient and the advancement of technology and the adoption of microarray technique in proteomics and genomics due to its requirement of the fewer samples, uniformity in results, and the rapid assay is likely to drive the tissue microarray market trends.
The rise in the usage of microarray in several applications is likely to create various opportunities for key players for the market to propel the tissue microarray market growth during the forecast period.
The involvement of high cost in microarray techniques and availability of alternative techniques such as PCR is estimated to create hurdles in the growth of the tissue microarray market during the forecast period.
The identification of genres has intensified the process of lead discovery, clinical assessment of such leads can be considered as a challenging task due to the availability of several well-characterized tissue specimens. Tissue microarray simultaneously uses the array format to analyze thousand of tissue samples. The technique of tissue microarray helps in maintains the pace with the process of lead discovery.
Cumulative Growth Analysis
The generality of cancer is a crucial factor that contributes to the growth of the tissue microarray market. According to the reports of the American Cancer Society, in the year 2017, near about 13% of all cancer diagnosed in adults aged 20, in the report it is further stated that liver cancer, melanoma, and thyroid cancer rates are rising from the last few years. According to the reports of US Breast Cancer Statistics, about 1 in every 8 women which are about 12% is likely to develop invasive breast cancer throughout their lifetime. In the year 2017, there were about 252,710 estimated new breast cancer cases were predicted to diagnosed in women in the United States and there was 63,410 new non-invasive breast cancer were discovered.
Value Chain Analysis
According to the reports, the tissue microarray market has been segmented on the basis of procedure, technology, application, end-users, and regions. On the basis of procedure, the tissue microarray market has been segmented into immunohistochemistry, fluorescent in-situ hybridization, and frozen tissue array. On the basis of technology, the tissue microarray market has been segmented into DNA microarray, polymerase chain reaction (PCR), next-generation sequencing, northern blotting, and western blotting. On the basis of application, the market is divided into oncology, gene expression profiling, SNP detection, double-stranded B-DNA microarrays, comparative genomic hybridization, and sequencing bioinformatics. On the basis of end-user, the tissue microarray market has been divided into pharmaceutical and biotechnological companies and research organizations. The research organization segment holds the maximum share in the market with a market value of USD 1876.02 Million in the year 2016.
The market is segmented on the basis of the tissue microarray procedure, technology, application, end-users, and regions. The tissue microarray market is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into oncology, gene expression profiling, SNP detection, double-stranded B-DNA microarrays, comparative genomic hybridization, and sequencing bioinformatics
Based on the propulsion types, the market is segmented into pharmaceutical and biotechnological companies and research organizations.
According to the reports, on the basis of region the tissue microarray market has been segmented into the Americas, Europe, Asia-pacific, and the Middle East & Africa. America is predicted to dominate the tissue microarray market during the forecast period due to the rise in the prevalence of cancer in the Americas which is ultimately leading to the rise in demand for the tissue microarray in this region. Moreover, the rising application in the discovery of drugs is also favorable for the growth of the tissue microarray market.
Europe is predicted to hold the second-largest share in the tissue microarray market due to rising emphasis on the treatment of cancer and its diagnosis, and infectious diseases. The change in lifestyle and rising prevalence of cancer among the rising population is likely to further boost the demand for the tissue microarray market in this region.
The key companies that are operating in the global market are highly focused on acquisitions and mergers which are predicted to support the growth of the tissue microarray market industry. The Asia Pacific is the fastest-growing region due to the high prevalence of cancer and changes in the lifestyle of developing countries of this region.
Major Key Players
The following report comprises of –
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Procedure, Technology, Application, and End user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Agilent Technologies, Illumina, Inc., Protein Biotechnologies Inc., Asterand Bioscience, Pantomics Inc., Applied Microarrays, Arrayit, Phalanx Biotech, QIAGEN, Takara Bio, Perkin Elmer, and Merck Sharp & Dohme Corp.|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
The valuation would be USD 21,287.23 million.
tissue microarray market CAGR would be 10.04% during the forecast period (2020-2030).
Increasing the use of drug discovery, the prevalence of cancer, better inclusion of biotechnology and pharmaceutical companies, and effective use of cost-effective and accurate diagnostic methods are the major drivers.
The valuation was USD 1876.02 million.
The Americas would enjoy the dominance in the tissue microarray market.