Tissue Microarray Market Insights:
Central to the expansion of the Tissue Microarray Market is the advancement of tissue microarray construction methods. These methods enable the creation of high-quality tissue microarrays, ensuring accurate and reproducible results. By carefully selecting and arranging tissue samples on slides, researchers can create comprehensive microarrays for various research purposes. The development of automated tissue microarray construction systems further enhances efficiency and scalability, allowing researchers to analyze large cohorts of samples with ease. As tissue microarray construction techniques continue to evolve, the Tissue Microarray Market is poised for further growth, with applications spanning from biomarker discovery to personalized medicine.
According to the latest tissue microarray market insights report predicts the industry size 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 (2022-2030).
Market Segmentation:
By procedure, the global tissue microarray market is segmented into immunohistochemistry, fluorescent in-situ hybridization, and frozen tissue array.
By technology, the tissue microarray market has been segmented into DNA microarray, polymerase chain reaction, next-generation sequencing, northern blotting, and western blotting.
By application, the global tissue microarray market is segmented into oncology, gene expression profiling, SNP detection, double-stranded B-DNA microarrays, and comparative genomic hybridization, and sequencing bioinformatics.
By end-user, the tissue microarray market has been segmented into pharmaceutical and biotechnological companies, research organization, and others.
Regional Analysis:
By region, the global tissue microarray market has been segmented into Asia Pacific, Americas, Europe, and the Middle East Africa. Americas is poised to retain a dominant share of the market towards the end of the forecast period. The growth of the region is attributable to the presence of key players, rising healthcare expenditures, adoption of latest technologies in the healthcare sector, and rising burden of cancer among others.
Europe is estimated to control the second largest share of the market. The developed healthcare of the region coupled with government support for research development has augmented the tissue microarray market in the region. The trend is likely to perpetuate in the foreseeable future.
Asia Pacific is expected to grow at a relatively higher CAGR during the projection period. The favorable factors of growth of the regional tissue microarray market size include the presence of fast-developing economies such as India China, increasing healthcare expenditure, developing healthcare sector, government’s initiatives to boost medical tourism, etc.
The Middle East Africa is expected to exhibit sluggish growth. Although the African regions remain laggards, the developments in the healthcare sector of the Middle Eastern countries are set to earn some profits in the forthcoming years.
Competitive Dashboard:
Some of the key players listed in the Tissue Microarray Market outlook report are Illumina, Inc., Asterand Bioscience, Pantomics Inc., Applied Microarrays, Arrayit, Phalanx Biotech, Qiagen, Protein Biotechnologies Inc., Takara Bio, Perkin Elmer, Agilent Technologies, Merck Sharp Dohme Corp, and General Electric.
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