Advancement in Technology to Boost Global Array Instruments Market

Published By : 27 Apr 2016 | Published By : QYRESEARCH

The market for array instruments is gaining significant impetus in the global arena, thanks to the rapidly evolving technologies. Apart from this, the increasing need for early detection of cancer and other chronic disorders has fueled the demand for array instruments significantly. The operational efficiency of these instruments is the key factor behind their increasing popularity.

North America Array Instruments Market to Reach US$526 mn by 2020

  • North America has emerged as the dominant regional market for array instruments. In 2014, this regional market accounted for a share of approximately 50% in the overall market and stood at a value of US$417 mn. By the end of 2020, analysts anticipate this market to reach US$526 mn. Here is a snapshot of the performance of other regional markets.
  • Europe held the second position in the worldwide array instrument market in 2014 with a share of approximately 30%. The increasing incidence of cancer and other life-threatening diseases drives the demand for array instruments in the region.

Asia Pacific, Latin America, and the Middle East are expected to witness a robust rise in their share in the overall market for array instruments in the coming years. The infrastructural advancement in the medical and healthcare industry and the growing preference for safer targeted therapies are boosting the array instruments markets in these regions.

Investments in Automation Emerge as Latest Trend in Global Array Instruments Market
The global array instruments market is extremely fragmented with a number of established as well as new players operating in it. Illumina Inc., Sigma-Aldrich Corp., Molecular Devices LLC, Bio-Rad Laboratories Inc., ArrayIt Corp., Agilent Technologies Inc., Affymetrix Inc., and Thermo Fisher Scientific are leading this market with a collective share of approximately 80%. Investments in automation are the latest trend among market participants looking for strengthening their positions in the global market.

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