(MENAFN- GlobeNewsWire - Nasdaq) Key Market Opportunities Lie in Novel Biomarker Discovery with the Use of Microarray Technology and Utilization of Predictive Genomics for the Development of Personalized Medicines

Dublin, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The "Europe Microarray Analysis Market: Focus on Product, Type, Application, End User, and Country Level Analysis - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The European microarray analysis market was valued at $1.69 billion in 2023 and is expected to reach $3.23 billion by 2033, growing at a CAGR of 6.71% during the forecast period 2023-2033.

This growth in the Europe microarray analysis market is driven by the increasing number of genomics projects, the growing use of microarray technology in drug screening, and its expanding adoption in cancer screening. The market encompasses a wide range of consumables, instruments, software, and services, supporting advancements in genomics and personalized medicine across the region.

The market for microarray analysis in Europe has grown significantly due to developments in biotechnology, personalized medicine, and genomics research. Drug discovery, disease diagnosis, and biomarker identification all heavily rely on microarray technology, which makes it possible to analyze gene expression, genetic variation, and other molecular data. The use of microarray analysis is spreading quickly across a number of industries, including healthcare, pharmaceuticals, and agriculture, as Europe remains at the forefront of genomic research and innovation.
The growing number of genomics projects and efforts, which call for high-throughput and reasonably priced genetic analysis tools, is driving the industry. Additionally, the market is expanding because to the increasing use of microarrays in drug development and cancer screening, which allow for early detection, individualized treatment strategies, and the identification of therapeutic targets.
Consumables, instruments, software, and services are important market categories that are essential to the success of microarray analysis in clinical and research settings. Leading firms in the European market are concentrating on developing technologies to increase scalability, precision, and sensitivity. With the growing need for molecular diagnostics and precision medicine, the European microarray analysis market is expected to grow further, propelling biotechnology and healthcare developments.
Market Segmentation:

Segmentation by Product Type

• Instruments
• Consumables
• Software and Services

Segmentation by Type

• DNA Microarray
• Protein Microarray
• Other Microarray

Segmentation by Application

• Clinical Diagnostics
• Drug Discovery and Translational Research
• Others

Segmentation by End User

• Pharmaceutical and Biotechnology Companies
• Diagnostic Laboratories
• Academic and Research Institutes
• Others

Segmentation by Country

• France
• Germany
• Italy
• Spain
• U.K.
• Rest-of-Europe

Report Scope:

• Workflow/Innovation Strategy: The Europe microarray analysis market (by product) has been segmented into detailed segments, including different types of consumables, such as arrays, kits and reagents, and accessories as well as instruments, and software and services.
• Growth/Marketing Strategy: A strategic growth and marketing approach for the microarray analysis market would involve positioning the company as a leader in innovative solutions that address the evolving needs of researchers, clinicians, and pharmaceutical partners. This would entail leveraging technological advancements to develop cutting-edge products with enhanced sensitivity, specificity, and scalability, while also investing in comprehensive customer support, training programs, and collaborative partnerships to foster customer loyalty and drive market penetration.
• Competitive Strategy: Key players in the Europe microarray analysis market have been focusing on innovation, differentiation, and strategic collaborations to gain a competitive edge. By investing in research and development, companies can develop novel detection methods, improve assay sensitivity, and expand application areas. Differentiation through the development of proprietary technologies, customizable solutions, and value-added services can help companies stand out in a crowded market. to strengthen market positions, acquire new technologies, and broaden product portfolios.

Key Market Players and Competition Synopsis
Some prominent names established in this market are:

• F. Hoffmann-La Roche Ltd.
• Merck KGaA

Key Attributes:

Report Attribute	Details
No. of Pages	79
Forecast Period	2023 - 2033
Estimated Market Value (USD) in 2023	$1.69 Billion
Forecasted Market Value (USD) by 2033	$3.23 Billion
Compound Annual Growth Rate	6.7%
Regions Covered	Europe

Key Topics Covered:
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Key Trends
1.1.1.1 Technological Advancements in Microarray Analysis
1.1.1.2 Developing Focus on Automation and Artificial Intelligence Integration in Microarray Analysis
1.2 Ecosystem Overview: Microarray Analysis Market
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country, Company)
1.4 Regulatory Landscape
1.5 Impact Analysis for Key Global Events - COVID-19
1.6 Pricing Analysis
1.7 Market Dynamics Overview
1.7.1 Market Drivers
1.7.1.1 Rising Numbers of Genomics Projects Fuelling the Growth of Microarray Analysis Market
1.7.1.2 Use of Microarray Technology in Drug Discovery
1.7.1.3 Increasing Adoption of Microarray Technology in Cancer Screening
1.7.2 Market Restraints
1.7.2.1 Competition from Alternative Technologies such as NGS
1.7.2.2 Challenges in Complex Data Analysis due to Lack of Skilled Professionals
1.7.3 Market Opportunities
1.7.3.1 Novel Biomarker Discovery with the Use of Microarray Technology
1.7.3.2 Utilization of Predictive Genomics for the Development of Personalized Medicines
2 Regions
2.1 Regional Summary
2.2 Drivers and Restraints
2.3 Europe
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Germany
2.3.5 U.K.
2.3.6 France
2.3.7 Italy
2.3.8 Spain
2.3.9 Rest-of-Europe
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Next Frontiers
3.2 Competitive Assessment
3.2.1 F. Hoffmann-La Roche Ltd.
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Key Personnel
3.2.1.5 Analyst View
3.2.2 Merck KGaA
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Key Personnel
3.2.2.5 Analyst View
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Attachment

• European Microarray Analysis Market

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