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The microarray biochips market size is forecast to increase by USD 17.28 billion at a CAGR of 22.2% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for advanced molecular diagnostic tools in the detection and treatment of chronic diseases. This market is driven by the integration of genomics and proteomics in drug discovery and personalized indications. Microarrays, a key component of this market, utilize microfluidics and biotechnology to analyze genetic material and proteins. The use of microarray biochips in molecular diagnostics for the identification of biomarkers is a key trend in this market. Computerized medicine and the rise of precision medicine are also fueling the market's growth. The capital-intensive nature of this industry and the emerging large-scale oligonucleotide (LOC) technology pose challenges for market players. The market is expected to continue its expansion as these challenges are addressed through collaborative strategies and technological advancements. Key applications of microarray biochips include drug discovery, molecular diagnostics, and research in various fields such as genomics, proteomics, and biomarker discovery.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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