London, 11 June 2015 – Technavio has published a new report on the global array instruments market, which is expected to grow at a CAGR of 13% from 2015-2019.
About the Report
The latest market research report by Technavio draws attention towards the growing importance of microarray technology, which has helped the pharma and diagnostics industries make advances in cancer research. The tumor gene expression profile helps in distinguishing similarities and differences in phenotypes, thus evaluating normal and cancerous tissues during the initiation and progression of cancer.
“Microarrays have made it possible to compare two different cell types in diseased and healthy samples and analyze the gene expression within a single sample,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the increasing focus on bioinformatics and biomarkers due to continuous developments in the throughput and speed of microarrays.
“Vendors are focusing on the development of biomarkers to analyze disorders, develop corresponding drugs, and predict which patients will develop specific adverse effects,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global array instruments market from 2015-2019. To calculate the market size, Technavio uses revenue generated from sales of instruments used by life sciences companies, R&D institutes, and diagnostic laboratories for the following three applications:
- DNA microarrays
- Protein microarrays
- Others (tissue and cell microarray)
Key Information Covered in the Report:
Key Vendors:
- Affymetrix Inc.
- Agilent Technologies Inc.
- Illumina Inc.
Market Growth Drivers:
- Growing importance of microarrays in therapeutics
- For a full detailed list, view our report.
Market Challenges:
- Lack of skilled technicians and inadequate data management
- For a full detailed list, view our report.
Market Trends:
- Advances in personalized medicines
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
