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Protein Microarray Market by Class Type and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71813
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The protein microarray market share is expected to increase by USD 1.48 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.92%.

This protein microarray market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers protein microarray market segmentation by class type (analytical protein microarrays and functional protein microarrays) and geography (North America, Europe, Asia, and ROW). The protein microarray market report also offers information on several market vendors, including Agilent Technologies Inc., Bio Rad Laboratories Inc., Cepheid Inc., Fluidigm Corp., Illumina Inc., Merck and Co. Inc., Molecular Devices LLC, PerkinElmer Inc., RayBiotech Life Inc., and Thermo Fisher Scientific Inc. among others.

What will the Protein Microarray Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Protein Microarray Market Size for the Forecast Period and Other Important Statistics

 

Protein Microarray Market: Key Drivers and Trends

The increase in adoption of microarrays in genomics and proteomics is notably driving the protein microarray market growth, although factors such as standardization and accuracy issues may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the protein microarray industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Protein Microarray Market Driver

The increased adoption of microarray in genomics and proteomics is one of the key drivers for the protein microarray market growth. Miniaturization by microarray technologies is rising significantly, enabling high production processing. Furthermore, these protein microarrays have numerous advantages such as low sample requirements because they can display multiple proteins simultaneously. Also, microarray technology helps in diagnosing diseases, which aids in deciding better treatment strategies. Thus, the rising use of microarray technology in the healthcare sector, despite of its high price, is expected to propel the protein microarray market during the forecast period.

Key Protein Microarray Market Challenge

The standardization and accuracy issues is a major challenge for the protein microarray market growth. Technical issues that arise during the incorporation of the biochip technology in the drug delivery processes are limiting the use of protein microarray. Moreover, protein microarrays are not being preferred to be installed in the diagnostic industry as they lack precision in data. Therefore, the researchers are forced to discard the raw data available on the chips. Hence, the technical, ethical, standardization, and precision issues are expected to hinder the development of biochips, resulting in hampering the market growth of protein microarray during the forecast period.

This protein microarray market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Protein Microarray Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Agilent Technologies Inc.
  • Bio Rad Laboratories Inc.
  • Cepheid Inc.
  • Fluidigm Corp.
  • Illumina Inc.
  • Merck and Co. Inc.
  • Molecular Devices LLC
  • PerkinElmer Inc.
  • RayBiotech Life Inc.
  • Thermo Fisher Scientific Inc.

 

This statistical study of the protein microarray market encompasses successful business strategies deployed by the key vendors. The protein microarray market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The protein microarray market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Protein Microarray Market?

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38% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for protein microarray market in North America. Market growth in this region will be slower than the growth of the market in Europe and Asia.

The strong distribution network will facilitate the protein microarray market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Class Type Segments in the Protein Microarray Market?

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The protein microarray market share growth by the analytical protein microarray segment will be significant during the forecast period. Complex mixture of proteins in order to measure the expression levels, specialties, and binding affinities is done by using analytical protein microarray technology. One of the most powerful multiplexed detection technology for deriving environmental stress and healthy versus diseased tissues, and analytical protein microarray are often deployed through antibodies. Altogether, these biochips are highly productive and have relatively low costs, enhancing the demand, and elevating the protein microarray market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the protein microarray market size and actionable market insights on post COVID-19 impact on each segment.

 

Protein Microarray Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.92%

Market growth 2022-2026

$ 1.48 billion

Market structure

Fragmented

YoY growth (%)

5.98

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, Germany, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agilent Technologies Inc., Bio Rad Laboratories Inc., Cepheid Inc., Fluidigm Corp., Illumina Inc., Merck and Co. Inc., Molecular Devices LLC, PerkinElmer Inc., RayBiotech Life Inc., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Protein Microarray Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive protein microarray market growth during the next five years
  • Precise estimation of the protein microarray market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the protein microarray market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of protein microarray market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Class type

    • Market segments
    • Comparison by Class type
    • Analytical protein microarrays - Market size and forecast 2021-2026
    • Functional protein microarrays - Market size and forecast 2021-2026
    • Market opportunity by Class type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • Asia - Market size and forecast 2021-2026
      • ROW - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Agilent Technologies Inc.
      • Bio Rad Laboratories Inc.
      • Cepheid Inc.
      • Fluidigm Corp.
      • Illumina Inc.
      • Merck and Co. Inc.
      • Molecular Devices LLC
      • PerkinElmer Inc.
      • RayBiotech Life Inc.
      • Thermo Fisher Scientific Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The protein microarray market growth will increase by $1482.54 million during 2021-2026.
      The protein microarray market is expected to grow at a CAGR of 8.92% during 2021-2026.
      Technavio has segmented the protein microarray market by other1 (Analytical protein microarrays and Functional protein microarrays) and geographic (North America, Europe, Asia, and ROW).
      Agilent Technologies Inc., Bio Rad Laboratories Inc., Cepheid Inc., Fluidigm Corp., Illumina Inc., Merck and Co. Inc., Molecular Devices LLC, PerkinElmer Inc., RayBiotech Life Inc., Thermo Fisher Scientific Inc. are a few of the key vendors in the protein microarray market.
      North America will register the highest growth rate of 38.47% among the other regions. Therefore, the protein microarray market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the protein microarray market growth are:
      • Increase in adoption of microarrays in genomics and proteomics
      The protein microarray market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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