What is Global DNA and Gene Chips Market?
The Global DNA and Gene Chips Market is a rapidly evolving sector that focuses on the development and distribution of DNA and gene chips, also known as microarrays. These chips are small, solid supports onto which the fragments of DNA are attached in a precise, grid-like pattern. They are used in the field of genomics for various purposes such as gene expression profiling, detection of mutations, and genotyping. The market is driven by the increasing demand for personalized medicine, advancements in microarray technology, and the growing prevalence of cancer. The market was valued at US$ 6001.5 million in 2023 and is expected to reach a staggering US$ 10910 million by 2030, growing at a CAGR of 8.8% during the forecast period 2024-2030.
Cancer Diagnosis and Treatment, Gene Expression, Genotyping, Genomics, Drug Discovery, Agricultural Biotechnology, Others in the Global DNA and Gene Chips Market:
The Global DNA and Gene Chips Market has a wide range of applications including cancer diagnosis and treatment, gene expression, genotyping, genomics, drug discovery, and agricultural biotechnology among others. In cancer diagnosis and treatment, these chips are used to identify specific genes that may be associated with the development of cancer. They are also used in gene expression studies to understand how genes interact with each other and their environment. In genotyping, they help in identifying genetic variations within a population. In the field of genomics, they are used to study the structure, function, and evolution of genomes. In drug discovery, they aid in the identification of new drug targets and in the development of personalized medicine. In agricultural biotechnology, they are used to improve crop yield and resistance to pests and diseases.
Academic and Government Research Institutes, Hospitals and Diagnostics Centers, Biotechnology and Pharmaceutical Companies, Others in the Global DNA and Gene Chips Market:
The Global DNA and Gene Chips Market is utilized by various sectors such as academic and government research institutes, hospitals and diagnostics centers, biotechnology and pharmaceutical companies, among others. Academic and government research institutes use these chips for various research purposes including studying genetic variations, gene expression, and drug discovery. Hospitals and diagnostics centers use them for diagnosing various genetic disorders and diseases. Biotechnology and pharmaceutical companies use them in drug discovery and development, and in the development of personalized medicine.
Global DNA and Gene Chips Market Outlook:
The market outlook for the Global DNA and Gene Chips Market is promising. In 2023, the market was valued at US$ 6001.5 million and it is projected to reach US$ 10910 million by 2030, growing at a CAGR of 8.8% during the forecast period 2024-2030. The Americas witnessed a significant increase in sales, reaching US$142.1 billion, up 17.0% year-on-year. Europe also saw a rise in sales, reaching US$53.8 billion, up 12.6% year-on-year. Sales in Japan were US$48.1 billion, up 10.0% year-on-year. However, the largest region, Asia Pacific, saw a decline in sales, reaching US$336.2 billion, down 2.0% year-on-year. Despite the decline in the Asia Pacific region, the overall market outlook remains positive.
| Report Metric | Details |
| Report Name | DNA and Gene Chips Market |
| Accounted market size in 2023 | US$ 6001.5 million |
| Forecasted market size in 2030 | US$ 10910 million |
| CAGR | 8.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Bio MérieuxSA, Thermo Fisher Scientific Inc., Savyon Diagnostics, Agilent Technologies, Applied Micro Arrays Illumina Inc., Toshiba Hokuto Electronics Corporation, TOSHIBA Perkin Elmer Inc., Oxford Gene Technology, Arrayit Corporation, MYcroarray Macrogen Inc., Greiner Bio One, Asper Biotech, CapitalBio Corporation, Microarrays Inc. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
