Molecular Cytogenetics Market to Reflect Impressive Growth Rate of 10.5% by 2023 | Global Key Players – Abbott, Agilent Tech, Applied Spectral Imaging, Bio-Rad Lab, Cytognomix, F. Hoffmann-La Roche, Illumina, PerkinElmer

Marketprognosis.com Publish a New Market Research Report On “Global Molecular Cytogenetics Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Molecular Cytogenetics Market:

The Global Molecular Cytogenetics Market is expected to register a CAGR of nearly 10.5% during the forecast period of 2018 - 2023.

The Molecular Cytogenetics deals with all aspects of chromosome biology with a wide range of applications in disease diagnosis and chromosomal abnormalities. This market is driven by increasing focus towards the cancer targeted therapy with their increasing prevalence globally. As per the topographical analysis, North America is expected to sustain the largest growing region due to their well-established healthcare infrastructure with the increase in research and development activities, and high awareness in the society regarding the early disease diagnostics and increasing aging population.

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The growing prevalence of cancer and genetic disorders patients have a direct rising impact on the increased demand of the molecular cytogenetic market. The related growth in mortality per year due to cancer in particular, has significantly driven this market. The techniques such as fluorescence in situ hybridization (FISH) have given significant insights regarding cancer genomics with the rapid and precise characterization of chromosomal anomalies for an early diagnosis, prognosis optimization, and opportunity for cure. The monogenic diseases are highly responsible for the heavy loss of life with a global prevalence of nearly 10/1000 as per the World Health Organization (WHO). Thus, the prevalence of life-threatening diseases plays a vital role in driving this market.

The high cost of overall diagnostic treatment related to cytogenetics and hospitalization of patients is one of the primary factors restricting the growth of this market. One of the cases is related to Down syndrome screening programmers where 80% of antenatal karyotypes are generated, and rapid aneuploidy diagnosis (RAD) is one of the standalone approaches but is expensive. Furthermore, delay in diagnosis and treatment often leads to increased hospitalization stay and overall cost. As per a 2015 published article in the Jornal de Peditria, the high cost limited the widespread use of the chromosomal karyotype such as chromosomal microarrays.

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Asia-Pacific is expected to register the fastest growth rate in the forecast period. The healthy CAGR is expected due to the surge in the scientific researches in countries, such as India, China, Japan, and Malaysia due to funding from government and companies collaborating with research centers. The novel opportunities are further enhanced by the rising number of long-term collaborations of multinational companies with domestic manufacturers and research laboratories in this region. This is followed by the diversified patient pool suffering from cancer and genetic disorders.

Major Key Players:

1 Abbott

2 Agilent Technologies, Inc.

3 Applied Spectral Imaging, Inc.

4 Bio-Rad Laboratories, Inc.

5 Cytognomix, Inc.

6 F. Hoffmann-La Roche Ltd

7 Illumina, Inc.

8 PerkinElmer, Inc.

9 Quest Diagnostics Incorporated

10 Thermo Fisher Scientific

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Molecular Cytogenetics Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.