Press release
Cytogenetics Market by Product, Technique & Application: Asia-Pacific is Expected to Provide Lucrative Growth Opportunities by 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.
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 product 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 surge in 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 the market growth.
Conversely, 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 is 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.
Major Players:
• Abbott Laboratories
• Agilent Technologies Inc.
• Applied Spectral Imaging Inc.
• Empire Genomics LLC.
• Illumina Inc.
• Irvine Scientific.
Key findings of the Cytogenetics Market:
• The testing kits, media, and reagents segment accounted for the 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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