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Global Microarray Market Growth at CAGR of 14.34%, 2016-2020 - Key Vendors are Agilent Technologies, Illumina, Thermo Fisher Scientific & Merck - Research and Markets

[December 05, 2016]

Global Microarray Market Growth at CAGR of 14.34%, 2016-2020 - Key Vendors are Agilent Technologies, Illumina, Thermo Fisher Scientific & Merck - Research and Markets

Research and Markets has announced the addition of the "Global Microarray Market 2016-2020" report to their offering.

The global microarray market to grow at a CAGR of 14.34% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global microarray market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of microarray solutions such as instruments and consumables. The report also includes a discussion of the key vendors operating in this market.

A microarray is an advanced tool used in molecular biology. It allows end-users to conduct high-throughput and highly parallel analyses of more than thousand points of interest that include messenger ribonucleic acid (mRNA), genes, and proteins. Microarrays include a broad range of platforms in which high-density assays are conducted parallel on a solid support. The concept of the microarray is based on base-pairing hybridization principle (hybridization between nucleic acids).

There is an increase in focus on rug discovery and development by pharmaceutical and biotechnology companies, as well as by research institutes for several diseases. Microarrays technologies are widely used in target classification, target authentication, pathway analysis, compound profiling, and toxicology studies, which are critical factors in drug discovery and development.

Key vendors