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SNP Genotyping and Analysis Market Emerging Growth By Top Players LGC Limited, Fluidigm Corporation, Illumina, Inc., Life Technologies Corporation, PREMIER Biosoft, Thermo Fisher Scientific

03-19-2021 01:43 PM CET | Health & Medicine

Press release from: Coherent Market Insights

SNP Genotyping and Analysis Market

SNP Genotyping and Analysis Market

Genotyping refers to determining differences in the genetic make-up by analyzing DNA sequences of individuals. Genotyping has wide variety of applications ranging from drug discovery to disease diagnosis. Genetic diseases (which have different genetic make ups in certain places in DNA) can be identified and diagnosed by comparing those sequences with the reference sequences.

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SNP genotyping is used for gene-wide SNP genotyping, for the analysis of individual SNPs, parentage and pedigree testing, food traceability, breed discrimination, biomarker determination and validation, pharmacogenomics, and forensics.

Global SNP Genotyping and Analysis Market: Drivers

Launch of new products is expected to propel growth of the global SNP genotyping and analysis market over the forecast period. For instance, in June 2020, Natera, Inc., the developer of core SNP-based massively multiplexed PCR (mmPCR) technology, launched a novel technique to enhance results from the Prospera donor-derived cell-free DNA (dd-cfDNA) transplant rejection assessment test.

Global SNP Genotyping and Analysis Market: Opportunities

R&D in autoimmune disorders is expected to offer lucrative growth opportunities for players in the global SNP genotyping and analysis market. For instance, in March 2020, researchers from Poznan University of Medical Sciences, Poland, explored the effects of CD16A and CD32A SNPs on the autoimmune response in several autoimmune blistering dermatoses.

Global SNP Genotyping and Analysis Market: Restraints

Unfavorable reimbursement scenario is expected to hinder growth of the market. Genotyping and DNA sequencing tests cost anywhere between US$ 1000 and USD$ 3000. These tests for diseases are currently not covered by insurance companies.

Market Trends

Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in October 2018, LGC Limited partnered with Co-Diagnostics, Inc., a molecular diagnostics company, to the use of the company’s CoPrimer technology to test the performance of CoPrimers in multiplexed reactions when locating specific genetic traits in seed products and genetic mutations, including SNP detection.

Major players in the market are also focused on launching new array technologies. For instance, in February 2018, Thermo Fisher Scientific launched the Applied Biosystems Axiom Microbiome Array for simultaneous detection of archaea, bacteria, fungi, protozoa and viruses in human and non-human samples.

Global SNP Genotyping and Analysis Market: Competitive Landscape

Major players operating in the global SNP genotyping and analysis market include, LGC Limited, Fluidigm Corporation, Illumina, Inc., Life Technologies Corporation, PREMIER Biosoft, Thermo Fisher Scientific, and Sequenom, Inc.

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Global SNP Genotyping and Analysis Market: Key Developments

Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in February 2020, LGC Limited partnered with Swift Biosciences, Inc., a provider of DNA and RNA library preparation kits for Next-Generation Sequencing (NGS), to leverage Swift’s targeted sequencing technology into LGC Limited kits and service offerings for the worldwide AgBio market.

Segmentation

By Technology
SNP Microarray
Taqman Allelic Discrimination
SNP Pyrosequencing Technologies
ABISNPlex
Sequenom Mass-Array MALDI-TOF
Others
By Application
Pharmaceuticals and Pharmacogenomics
Diagnostic Research
Agricultural Biotechnology
Breeding and Animal Livestock

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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