Array Instruments Market: DNA Microarray Technology Gains Dominant Market Share, Market to Register 4.30% CAGR from 2014 to 2020 A new Transparency Market Research report states that the global array instruments market stood at US$0.87 bn in 2014 and is predicted to reach US$1.12 bn in 2020. It is predicted to expand at a CAGR of 4.30% from 2014 to 2020. The title of the report is “Array Instruments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.� The rising requirement for the early diagnosis and detection of various types of cancers will fuel the market for array instruments. Furthermore, robotics playing a prime role within laboratory automation will further augment the growth of the market. Array instruments are being employed on a large scale for applications in drug discovery and life sciences, hence stimulating the overall market. On the other hand, the absence of adequate data analysis tools and the decreasing rate of adoption of array instruments in emerging nations owing to their high costs may hamper the growth of the market in forthcoming years. Furthermore, the rising competition from newly emerging technologies may also pose a threat to the market for array instruments.
Microarray is a collection of microscopic spots of DNA, RNA, oligonucleotides, proteins, peptides, cells, tissues and other compounds which are attached to a solid substrate. Other microarray platforms include use of microscopic beads. With the help of array instruments, these microarrays are used to measure gene expression levels simultaneously in a single reaction and also genotype multiple regions of genome. The global array instruments market is driven by the large number of patients awaiting diagnosis of the exact type of cancer, metabolic diseases, and post natal diseases along with the research on the causes and treatment for such diseases. Disease diagnosis and detection has been the most critical and beneficial microarray application for the diagnosis and prognosis of different types of diseases, majorly cancer. At present, a broad range of microarray technologies are available in the market for research purpose. DNA microarray is the most traditional and widely accepted technology in the microarray field. Thus, it accounts for the largest share, in the total market, owing to improved accuracy and precision and wide acceptance by the end users. The advent of DNA microarray has accelerated the process of gene expression, disease diagnosis, drug discovery and SNP analysis. Protein microarray which is the second largest and the fastest growing technology is very effective in identifying protein-protein interactions, substrates of protein kinases and activities of proteins.