The Microarray Instruments Market is expected to register a CAGR of 7.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (DNA Microarrays, Protein Microarrays, Other Microarrays); Application (Research Applications, Drug Discovery, Disease Diagnostics, Other Applications); and End User (Research and Academic Institutes, Pharmaceutical and Biotechnology Companies, Diagnostic Laboratories, Other End Users). The global analysis is further broken down at the regional level and major countries. The report offers the value in US$ for the above analysis and segments.
Purpose of the ReportThe report Microarray Instruments Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Microarray Instruments Market Segmentation
Type- DNA Microarrays
- Protein Microarrays
- Other Microarrays
- Research Applications
- Drug Discovery
- Disease Diagnostics
- Other Applications
- Research and Academic Institutes
- Pharmaceutical and Biotechnology Companies
- Diagnostic Laboratories
- Other End Users
Strategic Insights
Microarray Instruments Market Growth Drivers- Increasing Demand for Personalized Medicine: The Microarray Instruments Market is growing because patients and doctors want more personalized medical care. Medical systems want to offer personalized care so they require tools that read genetic and biological information. Microarray instruments help doctors find which genes express themselves differently in patients to create individualized treatment plans. These devices help doctors create personalized treatment plans for patients by reading their unique genetic information which benefits cancer patients and those with genetic disorders and heart problems. More microarray instrument sales will result from expanding research and medical applications of personalized medicine. The market for microarray platforms will expand because of the rising need for these systems in personalized treatments for cancer and rare diseases. New microarray innovations that make testing faster and more precise plus lower costs drive market expansion. The healthcare industry will use microarray instruments more often to study complex medical conditions and help patients recover better. As more healthcare providers use personalized medicine the microarray instruments market will keep expanding over the next years.
- Advancements in Biotechnology and Genomics: Biotechnology and genomics advancements power the expansion of the Microarray Instruments Market. Modern sequencing methods and genomic exploration depend heavily on microarray instruments for their essential work in gene expression analysis and mutation detection. These instruments help discover many genetic variants at once which makes them necessary for medical research and diagnostic tool development. Combining microarray technology with NGS and CRISPR tools helps scientists find new ways to study genes. The rising demand for microarray instruments comes from both research requirements for improved disease detection and the expanding field of genomics in medical studies. Genomics research expansion in cancer studies rare diseases and pharmacogenomics fields will drive market growth for microarray instruments according to industry projections. The pharmaceutical industry needs microarray instruments to analyze how genes and drugs interact plus their effects on patients. The microarray instruments market will grow because scientists and researchers can now access more advanced biotechnology tools that help them study clinical and research samples.
- Growing Investments in Biomedical Research: The Microarray Instruments Market grows because research organizations keep funding biomedical projects focused on molecular biology, genomics, and new drug development. Public organizations academic institutions and private health companies put money into research projects that find disease markers explore medical processes and find better ways to treat diseases. Microarray instruments help researchers study gene expression patterns and genetic mutations in large groups of patients through high-throughput screening. Research and medical facilities need more microarrays as precision medicine advances and doctors seek effective targeted treatments. Biomedical research worldwide receives more funds which supports investigations into cancer treatment and studies of neurological diseases and autoimmune disorders. Research funding projections indicate that the microarray instruments market will keep expanding because of this investment growth. Biomedical research teams use microarray platforms to analyze large datasets of genetic data which drives their work in many scientific areas. More microarray instruments will be adopted in research because scientists want better results and faster drug development. Microarrays will keep leading basic research for complex diseases as biomedical work expands which will boost market growth.
- Integration with Next-Generation Sequencing (NGS): The Microarray Instruments Market will advance mainly because next-generation sequencing technology now works directly with microarrays. By combining microarrays with NGS technology researchers can now perform faster and more precise genome and exome sequencing for better genetic research outcomes. The combination of microarrays and NGS gives scientists better ways to study difficult diseases and spot important genetic changes. Microarrays help researchers find targeted genetic biomarkers from massive data sets while NGS offers precise analysis of genetic material. The medical team uses better patient data to design individualized treatment plans which advances personalized healthcare. Research and medical professionals expect NGS and microarray platform combination technology to find new uses across healthcare and scientific exploration. The microarray instruments industry will expand because medical facilities and research programs need more advanced genomic analysis tools. The lower total sequencing expenses plus integrated solutions let NGS with microarray platforms reach more healthcare organizations and scientific research facilities. More microarray instruments will reach customers in the future because of this integration and support business expansion.
- Adoption of Cloud-Based Data Storage and Analysis: The Microarray Instruments Market is showing strong growth because more organizations move their data to cloud-based platforms for analysis. Cloud computing helps genomics researchers access data in real-time and handle large datasets while working with other scientists no matter where they are located. Microarray instruments create large datasets in high-throughput applications so cloud storage helps manage and process these results effectively and economically. Genomic data analysis needs advanced tools because these datasets become very large. Cloud-based genomic analysis tools will expand more widely in the future which boosts demand for microarray instruments. Researchers can work together better while sharing information faster which helps them achieve results sooner. Cloud platforms can handle growing genomic datasets without performance issues because they scale to match the data volume. Companies can improve how microarray instruments work and let more people use them by joining cloud-based platforms. The market growth of microarray instruments will expand because these devices will become more convenient for users to work with. Cloud-based solutions now support genomic workflows which leads to higher market share for microarray instruments throughout research and clinical fields.
- Development of High-Throughput, Multiplexed Microarray Platforms: The Microarray Instruments Market is moving toward high-volume and multiple-target testing platforms. These systems let scientists study many genes or proteins together which speeds up their work and saves research funds. High-throughput systems need to process large genetic and genomic data faster because scientists need to analyze more information in less time. Microarrays become more valuable through multiplexing because researchers can study many targets together in one experiment to understand biological complexities. Doctors now use these platforms to analyze DNA changes that cause cancer and other health problems in their patients. Large-scale genetic experiments become faster and easier to perform which makes microarrays more useful for scientific research and clinical practice. The market expansion will persist because researchers expect to create better high-throughput microarray systems in the future. Research and medical facilities require microarray platforms that process samples faster with better results for important studies. The demand for better-performing tools will grow in drug development and disease testing research which will boost the sales of microarray instruments. The new microarray tools will help microarrays gain more market share while becoming important research equipment.
- Advancements in Point-of-Care Testing: Point-of-care (POC) testing is another major growth opportunity in the Microarray Instruments Market. As healthcare systems seek to provide faster diagnostics and treatments, there is an increasing demand for portable and easy-to-use diagnostic tools. Microarray-based point-of-care systems allow for rapid, on-site genetic and molecular analysis, enabling quicker decision-making and reducing the need for centralized laboratory testing. This is particularly valuable in remote or underserved areas where access to advanced healthcare facilities is limited. Forecasts indicate that the growing focus on improving healthcare delivery efficiency and reducing diagnostic turnaround times will create a strong demand for POC microarray systems. As the technology becomes more compact and cost-effective, it is expected to find applications in a variety of clinical settings, including emergency rooms, outpatient clinics, and even at-home testing. The development of user-friendly, portable microarray systems will open up new markets and patient populations, driving the market size of microarray instruments upward. As healthcare providers increasingly turn to POC solutions for faster diagnostics, the market share of microarray instruments in this segment will grow, presenting new opportunities for manufacturers to innovate and develop products for the evolving needs of modern healthcare.
- Increasing Demand for Early Disease Detection: Another significant growth opportunity for the Microarray Instruments Market lies in the increasing demand for early disease detection. Microarrays play a vital role in identifying biomarkers associated with various diseases, including cancer, genetic disorders, and infectious diseases. Early detection of these conditions allows for timely intervention, significantly improving patient outcomes. As healthcare systems continue to focus on preventative care and early diagnostics, the demand for microarray-based technologies is expected to increase. For example, microarray instruments are widely used in oncology to detect genetic mutations that could predict cancer risk or identify individuals who would benefit from early-stage interventions. The market is witnessing a rise in efforts to develop microarray technologies for non-invasive diagnostics, where liquid biopsies and similar methods are used to detect genetic markers from blood samples, further fueling their adoption in clinical settings. Forecasts show that the growing emphasis on early diagnosis, especially in high-risk populations, will drive the expansion of microarray instruments. Additionally, increasing public awareness and healthcare investments in early screening programs will contribute to the growth of this market. As more healthcare providers integrate genetic and molecular testing into routine health screenings, the market size for microarray instruments will see substantial growth. This trend represents a significant opportunity for manufacturers to create more precise, user-friendly, and affordable microarray platforms tailored to early disease detection, ultimately increasing their market share.
- Rise in Precision Medicine and Genetic Research: The ongoing shift towards precision medicine is another major growth opportunity for the Microarray Instruments Market. Precision medicine focuses on tailoring medical treatment to individual characteristics, such as genetics, environment, and lifestyle, and relies heavily on genomic data. Microarray instruments are essential tools in the research and application of precision medicine, as they enable high-throughput analysis of genes, proteins, and other biomarkers. With the global emphasis on understanding the genetic basis of diseases, there is an increasing demand for microarrays to uncover disease-specific genetic variations and facilitate the development of targeted therapies. Researchers use microarrays to conduct genome-wide association studies (GWAS), which identify genetic variations linked to specific diseases and conditions. In clinical settings, these tools are used to match patients with the most appropriate treatments based on their genetic makeup, improving the efficacy of therapies and minimizing adverse effects. Forecasts indicate that the market for microarray instruments will grow as personalized treatment options become more widely available. As healthcare systems globally continue to embrace precision medicine, the demand for microarrays will increase, creating significant growth potential. This trend also encourages collaboration between biotechnology companies and healthcare providers, enhancing microarray adoption in various sectors. The expansion of precision medicine will significantly impact the market share of microarray instruments, ensuring sustained growth in the coming years.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Microarray Instruments Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Microarray Instruments Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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Frequently Asked Questions
The Microarray Instruments Market is estimated to witness a CAGR of 7.4% from 2025 to 2031
The major factors driving the Microarray Instruments Market are Increasing Demand for Personalized Medicine, Advancements in Biotechnology and Genomics, and Growing Investments in Biomedical Research.
Future trends in the Microarray Instruments Market are Integration with Next-Generation Sequencing (NGS), Adoption of Cloud-Based Data Storage and Analysis, and Development of High-Throughput, Multiplexed Microarray Platforms
Some of the players operating in the market are Illumina, Affymetrix, Agilent Technologies, Arrayit Corp, Asterand, LabCorp, OriGene, Orla Protein Technologies, Oxford Gene Technology, and Bio-Rad Laboratories, Inc.
The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.
Some customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Microarray Instruments Market - By Type
1.3.2 Microarray Instruments Market - By Application
1.3.3 Microarray Instruments Market - By End User
1.3.4 Microarray Instruments Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MICROARRAY INSTRUMENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MICROARRAY INSTRUMENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MICROARRAY INSTRUMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. MICROARRAY INSTRUMENTS - GLOBAL MARKET OVERVIEW
6.2. MICROARRAY INSTRUMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MICROARRAY INSTRUMENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DNA MICROARRAYS
7.3.1. Overview
7.3.2. DNA Microarrays Market Forecast and Analysis
7.4. PROTEIN MICROARRAYS
7.4.1. Overview
7.4.2. Protein Microarrays Market Forecast and Analysis
7.5. OTHER MICROARRAYS
7.5.1. Overview
7.5.2. Other Microarrays Market Forecast and Analysis
8. MICROARRAY INSTRUMENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESEARCH APPLICATIONS
8.3.1. Overview
8.3.2. Research Applications Market Forecast and Analysis
8.4. DRUG DISCOVERY
8.4.1. Overview
8.4.2. Drug Discovery Market Forecast and Analysis
8.5. DISEASE DIAGNOSTICS
8.5.1. Overview
8.5.2. Disease Diagnostics Market Forecast and Analysis
8.6. OTHER APPLICATIONS
8.6.1. Overview
8.6.2. Other Applications Market Forecast and Analysis
9. MICROARRAY INSTRUMENTS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. RESEARCH AND ACADEMIC INSTITUTES
9.3.1. Overview
9.3.2. Research and Academic Institutes Market Forecast and Analysis
9.4. PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
9.4.1. Overview
9.4.2. Pharmaceutical and Biotechnology Companies Market Forecast and Analysis
9.5. DIAGNOSTIC LABORATORIES
9.5.1. Overview
9.5.2. Diagnostic Laboratories Market Forecast and Analysis
9.6. OTHER END USERS
9.6.1. Overview
9.6.2. Other End Users Market Forecast and Analysis
10. MICROARRAY INSTRUMENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Microarray Instruments Market Overview
10.1.2 North America Microarray Instruments Market Forecasts and Analysis
10.1.3 North America Microarray Instruments Market Forecasts and Analysis - By Type
10.1.4 North America Microarray Instruments Market Forecasts and Analysis - By Application
10.1.5 North America Microarray Instruments Market Forecasts and Analysis - By End User
10.1.6 North America Microarray Instruments Market Forecasts and Analysis - By Countries
10.1.6.1 United States Microarray Instruments Market
10.1.6.1.1 United States Microarray Instruments Market by Type
10.1.6.1.2 United States Microarray Instruments Market by Application
10.1.6.1.3 United States Microarray Instruments Market by End User
10.1.6.2 Canada Microarray Instruments Market
10.1.6.2.1 Canada Microarray Instruments Market by Type
10.1.6.2.2 Canada Microarray Instruments Market by Application
10.1.6.2.3 Canada Microarray Instruments Market by End User
10.1.6.3 Mexico Microarray Instruments Market
10.1.6.3.1 Mexico Microarray Instruments Market by Type
10.1.6.3.2 Mexico Microarray Instruments Market by Application
10.1.6.3.3 Mexico Microarray Instruments Market by End User
10.2. EUROPE
10.2.1 Europe Microarray Instruments Market Overview
10.2.2 Europe Microarray Instruments Market Forecasts and Analysis
10.2.3 Europe Microarray Instruments Market Forecasts and Analysis - By Type
10.2.4 Europe Microarray Instruments Market Forecasts and Analysis - By Application
10.2.5 Europe Microarray Instruments Market Forecasts and Analysis - By End User
10.2.6 Europe Microarray Instruments Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Microarray Instruments Market
10.2.6.1.1 Germany Microarray Instruments Market by Type
10.2.6.1.2 Germany Microarray Instruments Market by Application
10.2.6.1.3 Germany Microarray Instruments Market by End User
10.2.6.2 France Microarray Instruments Market
10.2.6.2.1 France Microarray Instruments Market by Type
10.2.6.2.2 France Microarray Instruments Market by Application
10.2.6.2.3 France Microarray Instruments Market by End User
10.2.6.3 Italy Microarray Instruments Market
10.2.6.3.1 Italy Microarray Instruments Market by Type
10.2.6.3.2 Italy Microarray Instruments Market by Application
10.2.6.3.3 Italy Microarray Instruments Market by End User
10.2.6.4 Spain Microarray Instruments Market
10.2.6.4.1 Spain Microarray Instruments Market by Type
10.2.6.4.2 Spain Microarray Instruments Market by Application
10.2.6.4.3 Spain Microarray Instruments Market by End User
10.2.6.5 United Kingdom Microarray Instruments Market
10.2.6.5.1 United Kingdom Microarray Instruments Market by Type
10.2.6.5.2 United Kingdom Microarray Instruments Market by Application
10.2.6.5.3 United Kingdom Microarray Instruments Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Microarray Instruments Market Overview
10.3.2 Asia-Pacific Microarray Instruments Market Forecasts and Analysis
10.3.3 Asia-Pacific Microarray Instruments Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Microarray Instruments Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Microarray Instruments Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Microarray Instruments Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Microarray Instruments Market
10.3.6.1.1 Australia Microarray Instruments Market by Type
10.3.6.1.2 Australia Microarray Instruments Market by Application
10.3.6.1.3 Australia Microarray Instruments Market by End User
10.3.6.2 China Microarray Instruments Market
10.3.6.2.1 China Microarray Instruments Market by Type
10.3.6.2.2 China Microarray Instruments Market by Application
10.3.6.2.3 China Microarray Instruments Market by End User
10.3.6.3 India Microarray Instruments Market
10.3.6.3.1 India Microarray Instruments Market by Type
10.3.6.3.2 India Microarray Instruments Market by Application
10.3.6.3.3 India Microarray Instruments Market by End User
10.3.6.4 Japan Microarray Instruments Market
10.3.6.4.1 Japan Microarray Instruments Market by Type
10.3.6.4.2 Japan Microarray Instruments Market by Application
10.3.6.4.3 Japan Microarray Instruments Market by End User
10.3.6.5 South Korea Microarray Instruments Market
10.3.6.5.1 South Korea Microarray Instruments Market by Type
10.3.6.5.2 South Korea Microarray Instruments Market by Application
10.3.6.5.3 South Korea Microarray Instruments Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Microarray Instruments Market Overview
10.4.2 Middle East and Africa Microarray Instruments Market Forecasts and Analysis
10.4.3 Middle East and Africa Microarray Instruments Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Microarray Instruments Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Microarray Instruments Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Microarray Instruments Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Microarray Instruments Market
10.4.6.1.1 South Africa Microarray Instruments Market by Type
10.4.6.1.2 South Africa Microarray Instruments Market by Application
10.4.6.1.3 South Africa Microarray Instruments Market by End User
10.4.6.2 Saudi Arabia Microarray Instruments Market
10.4.6.2.1 Saudi Arabia Microarray Instruments Market by Type
10.4.6.2.2 Saudi Arabia Microarray Instruments Market by Application
10.4.6.2.3 Saudi Arabia Microarray Instruments Market by End User
10.4.6.3 U.A.E Microarray Instruments Market
10.4.6.3.1 U.A.E Microarray Instruments Market by Type
10.4.6.3.2 U.A.E Microarray Instruments Market by Application
10.4.6.3.3 U.A.E Microarray Instruments Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Microarray Instruments Market Overview
10.5.2 South and Central America Microarray Instruments Market Forecasts and Analysis
10.5.3 South and Central America Microarray Instruments Market Forecasts and Analysis - By Type
10.5.4 South and Central America Microarray Instruments Market Forecasts and Analysis - By Application
10.5.5 South and Central America Microarray Instruments Market Forecasts and Analysis - By End User
10.5.6 South and Central America Microarray Instruments Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Microarray Instruments Market
10.5.6.1.1 Brazil Microarray Instruments Market by Type
10.5.6.1.2 Brazil Microarray Instruments Market by Application
10.5.6.1.3 Brazil Microarray Instruments Market by End User
10.5.6.2 Argentina Microarray Instruments Market
10.5.6.2.1 Argentina Microarray Instruments Market by Type
10.5.6.2.2 Argentina Microarray Instruments Market by Application
10.5.6.2.3 Argentina Microarray Instruments Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MICROARRAY INSTRUMENTS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of the World
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MICROARRAY INSTRUMENTS MARKET, KEY COMPANY PROFILES
13.1. ILLUMINA
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AFFYMETRIX
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. AGILENT TECHNOLOGIES
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ARRAYIT CORP
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. ASTERAND
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. LABCORP
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ORIGENE
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ORLA PROTEIN TECHNOLOGIES
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. OXFORD GENE TECHNOLOGY
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. BIO-RAD LABORATORIES, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Illumina
2. Affymetrix
3. Agilent Technologies
4. Arrayit Corp
5. Asterand
6. LabCorp
7. OriGene
8. Orla Protein Technologies
9. Oxford Gene Technology
10. Bio-Rad Laboratories, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.