Global Microarray Scanners Market to Rise at CAGR of 7.4% during Forecast Period, Notes TMR Study

Global Microarray Scanners Market to Rise at CAGR of 7.4% during Forecast Period, Notes TMR Study

PR Newswire

ALBANY, N.Y., Jan. 12, 2022

- Dedicated glycan arrays are being offered by market players to help researchers better understand viral and bacterial infection processes

- Diagnostic laboratories are expected to account for a leading share of the global microarray scanners market by 2030

ALBANY, N.Y., Jan. 12, 2022 /PRNewswire/ -- The global microarray scanners market was valued at US$ 689.6 Mn in 2019 and is estimated to expand at CAGR of 7.4% during the forecast period, from 2020 to 2030. The global market is expected to surpass US$ 1.5 Bn by the end of 2030. The global microarray scanners market is predicted to be driven by the development and implementation of technologically improved instruments in life science, as well as an increase in demand for preventative healthcare. In addition, revenue prospects in the global market are expected to be driven by the existence of well-established healthcare facilities and rising per capita healthcare spending.

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North America is likely to have a considerable share of the global microarray scanners market during the forecast period. The market growth of the region can be ascribed to the region's well-established healthcare and life sciences industries. Early acceptance of technologically advanced products and high per capita healthcare spending are expected to drive expansion of the global microarray scanners market. High awareness about different infectious and chronic illnesses is also projected to play a key role in the market's growth.

Due to the expansion of the healthcare sector in countries such as India, Japan, and China, the market in Asia Pacific is expected to grow at a high CAGR from 2021 to 2031. Furthermore, growth in drug R&D in these countries is expected to boost the regional market in the forthcoming years.

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Key Findings of Market Report

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Global Microarray Scanners Market: Growth Drivers

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Global Microarray Scanners Market: Key Players

Some of the key market players are

Global Microarray Scanners Market: Segmentation

Product Type

Application

End User

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