DNA and Gene Chip Market To Reach USD 11.25 Billion by 2026 | Reports And Data

Fri Jun 26, 2020 - 1:39am GMT+0000

The DNA and Gene Chip Market Report by Reports and Data provides an extensive overview of the vital elements of the DNA and Gene Chip market and factors such as drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others.

New York City, United States – June 25, 2020 /MarketersMedia/

The recent study by Reports and Data, the global DNA and Gene Chip market was estimated to hold a value of USD 11.25 Billion by the end of the forecast frame in 2026 growing at a rate of 11.6%. DNA and Gene Chip refers to a type of microarray device which hold a large number of DNA sequences (gene) attached to it so that gene expressions of large number of samples could be studied simultaneously which was not previously possible. The slides act as probes to detect gene expression. These biochips have a large number of applications in conventional as well as unconventional fields.

This is the latest report covering the current COVID-19 scenario. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.

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Key players mentioned in the research report are:
Perkin Elmer, Inc., Illumina, Inc., Thermo Fisher Scientific, Inc., Macrogen Inc., Agilent Technologies, Greiner Bio-One International GmbH, Asper Biotech, CapitalBio Corporation, Microarrays Inc., Oxford Gene Technology, and bioMérieux SA.

In terms of applications, the global DNA and Gene Chip market can be segmented into:
Cancer Diagnostics
Gene Expression
Drug Discovery

In terms of types, the global DNA and Gene Chip market can be segmented into:
Oligonucleotide DNA (o-DNA)
Complementary DNA (c-DNA)

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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This DNA and Gene Chip Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.

Further Key Finding from the report:

• The market for DNA and Gene Chips is on a positive quadrant because of the ability of the microarrays to analyze large number of DNA samples simultaneously which was not possible before. Now, the cost of using microarrays have come down considerably making its application possible in unconventional arenas.

• Although in product segment, consumables comprise of a larger part of the market share it is found that the instruments segment is growing at a swift rate at a CAGR of 11.7%. This can be attributed to the cost reduction due to advanced technological progress and introduction of new instruments with high computational speed, improving efficiency of microarray procedures. For example, Applied Micro Arrays announced the introduction of advanced micro array scanners for its customers including laboratories and diagnostic centres.

• After North America, Europe hold the second largest share in this market. This can be reasoned by the increasing technical knowledge, upward rise in investment and rise in prevalence of diseases like cancer.

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This research report delivers a 360 overview of the competitive landscape of the Global DNA and Gene Chip Market. Furthermore, it includes massive data regarding the latest trends, technological advancements, and methodologies. The study analyzes the Global DNA and Gene Chip Market in a detailed and extensive manner for the readers to gain better insights.

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