Press release
Cytogenetics Market – Innovative Survey On Health Impacts 2025
Cytogenetics includes various techniques such as comparative genomic hybridization, fluorescence in situ hybridization, karyotyping, immunohistochemistry, and others. These techniques require the use of cytogenetic products such as testing kits, media, and reagents; probes; consumables; instruments; and software & services. These products and techniques are used for the screening of genetic disorders and designing personal medicine.
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Increase in prevalence of cancer & genetic disorders, rise in global geriatric population along with a surge in the prevalence of chronic diseases, and surge in awareness related to acceptance of personalized medicines across the world are the factors that drive the global cytogenetics market growth. However, higher cost of advanced cytogenetic instruments is expected to impede market growth. Conversely, the shift from fish to array-based techniques is expected to provide many opportunities during the forecast period.
The utilization rate of testing kits, media, and reagents are high, as they are the essential elements of every cytogenetic technique performed. However, the software & services segment is expected to grow at a high CAGR during the forecast period.
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According to a new report published by Allied Market Research, titled, Cytogenetics Market, By Product, Technique, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025," the market was valued at $1,121 million in 2017, and is projected to reach $3,097 million in 2025, registering a CAGR of 13.5% from 2018 to 2025.
Major Players:
•Abbott Laboratories
•Agilent Technologies Inc.
•Applied Spectral Imaging Inc.
•Empire Genomics LLC.
•Illumina Inc.
•Irvine Scientific.
•OPKO Health Inc. (GeneDx.)
•PerkinElmer Inc.
•Sysmex Corporation (Oxford Gene Technology)
•Thermo Fisher Scientific Inc.
Key findings of the Cytogenetics Market:
• The testing kits, media, and reagents segment accounted for an approximately three-fourths share of the global cytogenetics consumables market in 2017.
•The comparative genomic hybridization segment is expected to grow at a CAGR of 10.5% from 2018 to 2025.
•North America accounted for the majority of the share of the global market revenue in 2017.
•Asia-Pacific is expected to provide lucrative market growth opportunities, registering a CAGR of 12.1% from 2018 to 2025.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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