According to a new market report published by Transparency Market Research “Array Instruments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” the global array instruments market was valued at USD 0.87 billion in 2014 and is expected to grow at a CAGR of 4.3% from 2014 to 2020, to reach an estimated value of USD 1.12 billion in 2020.
The microarray industry continues to shift focus from research and development tools towards different applications in various areas such as drug discovery, clinical diagnostics, and sequencing. Major applications of the technology lie in gene expression, cancer diagnosis and treatment, SNP genotyping, genomics, agricultural biotechnology, drug discovery, and proteomics. In future advances in microarray technology helping in disease diagnosis and drug response are expected to have a high impact on the market growth. Microarrays have also been successfully applied in a variety of other areas such as toxicogneomics,
