SOURCE: MarketResearch.com

MarketResearch.com

May 25, 2011 08:08 ET

Global DNA & Microarray Market to Grow 13% Annually Through 2015

ROCKVILLE, MD--(Marketwire - May 25, 2011) - MarketResearch.com has announced the addition of MarketsandMarkets's new report "Global DNA & Gene Chip (Microarray) Market (2010 - 2015)," to their collection of Biotechnology market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6355081

Microarrays were developed and commercialized in the eighties. Since then, market has offered tremendous growth and hence has seen an influx of players vying fiercely for a share of this market. The Global DNA & Gene Chip (microarray) market was valued at $760 million in 2010 and is expected to reach $1,425.2 million by 2015 growing at a CAGR of and 13.4%. The oDNA segment accounted for the largest share -- 98% -- of the global DNA & gene chip market in 2010.

Gene Expression currently forms the largest application market as gene expression products are used in a wide variety of research activities including life sciences research, clinical diagnostics, biodefense, and agriculture. While this application contributed 28% to the Global DNA & Gene Chip (microarray) market revenues in 2010, cancer diagnosis and treatment application is expected to dominate the applications market by 2015; accounting for about 24% share in the market.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6355081

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