DNA and Gene Chip Market Size Worth US$11.4 billion by 2026: Acumen Research and Consulting

DNA and gene chip market (By Product: Surgical Equipment, Durable Medical Equipment [Personal Mobility Devices, Bathroom Safety and Medical Furniture, Monitoring and Therapeutic Devices], Storage and Transport; By End-user: Personal/Home care, Institutional, Hospitals) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

LOS ANGELES, Feb. 05, 2019 (GLOBE NEWSWIRE) -- The global DNA and Gene Chip Market is anticipated to be around USD 11.4 billion by 2026, this market is anticipated to grow with 10.5% CAGR during the forecast time period.

DNA and gene chips have increased much achievement in giving high throughput abilities to thorough genome concentrates to upgrade malady information and target them. This innovation has risen as an important and promising arrangement crosswise over different parts of illness the executives. These variables have been driving the market.

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Traditional methods for gene examination permit examination of generally little measures of qualities at once, which further accentuates on the take-up of DNA microarray innovation. DNA microarray innovation permits simultaneous examination of huge quantities of nucleic corrosive sections in a solitary trial.

Constant improvement of new apparatuses to help and upgrade dependability of DNA microarray innovation is probably going to drive this market at a noteworthy pace within a reasonable time-frame. Moreover, social insurance elements are occupied with misusing novel answers for improving and joining information created from gene chip with information produced from high throughput innovations. Commonly gainful associations between microarray engineers and pharmaceutical/biopharmaceutical organizations for speeding up of genomic and biomedical research exercises is foreseen to goad showcase development in the coming years.

Research joint efforts among organizations and research networks is helping the innovation in picking up grounds in the field of genomics. For example, in February 2016, Illumina, Inc. consented to four biobanking arrangements with University of Colorado, Montreal Heart Institute, Vanderbilt University, and Partners HealthCare. This joint effort was expected for the execution of Illumina's cluster stage for genotyping of test gathered at research establishments.

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The global DNA and gene chip market is segmented into product, end-user, application, and region. On the basis of product, the global DNA and gene chip market is segmented into Consumables and Instrumentation. On the basis of end-user, the global DNA and gene chip market is segmented into Academic & Government Research Institutes, Hospitals & Diagnostics Centers, Biotechnology & Pharmaceutical Companies and Others. On the basis of application, the global DNA and gene chip market is segmented into cancer diagnosis & treatment, gene expression, genotyping, genomics, drug discovery, agricultural biotechnology, and others. On the basis of region the global DNA and gene chip market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.

The capacity of gene chips in high-throughput observing of bimolecular has activated critical applications in new regions of intrigue, for example, pharmacogenomics. This factor has incited a few pharmaceutical firms to embrace this instrument for increasing speed of medication advancement process.

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Viable usage of genomic chips for gene articulation examination has additionally empowered the utilization of this apparatus in non-customary research regions, for example, natural science and agribusiness. Agri-biotech organizations and research establishments are making noteworthy utilization of microarray innovation for testing of hereditarily altered sustenance’s and yield enhancement to conquer difficulties of product reproducibility. Although, this innovation is encountering high market rivalry from other throughput advancements, for example, cutting edge sequencing. Falling expenses of sequencing advances attributable to fast advances in NGS is required to significantly obstruct the future market for DNA gene chips. Applications, for example, chromatin immune precipitation and gene articulation are seeing higher appropriation of NGS stages over microarrays because of its cost-viability, particularity, and precision.

The North America showcase caught the largest market share, for example, nearness of entrenched players, propelled informatics framework, nearness of specialists and gifted workforce, and continuous genomic R and D rehearses on a vast scale in the district.

Asia Pacific is relied upon to rise as a promising business sector, enlisting the most noteworthy CAGR over the conjecture time frame because of rising research and development demand in genomic examine. Besides, developing mindfulness with respect to hereditary tests for malady hazard evaluation and aversion is foreseen to positively affect the development of the regional market

The key players catering to the global DNA and Gene Chip Market are bio MérieuxSA, Thermo Fisher Scientific, Inc. (Affymetrix, Inc.),Savyon Diagnostics, Agilent Technologies, Applied Micro Arrays, Illumina, Inc., HOKUTO ELECTRONICS CORPORATION, TOSHIBA, Perkin Elmer, Inc., Oxford Gene Technology,Arrayit Corporation,MYcroarray,Macrogen Inc., Greiner Bio One International GmbH, Asper Biotech, CapitalBio Corporation, and Microarrays Inc.

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