Cytogenetics Market Size, Share, Growth Analysis By Product, By Region And Segment Forecasts 2021 – 2027

Precision Business Insights published a research report on “Global Cytogenetics Market: By Product Type (Consumables, Testing Kits, Media & Reagents, Probes, Instruments, Software & Services and Others(Affinity Reagents and Stains)), By Technique (Comparative Genomic Hybridization, Fluorescence in Situ Hybridization, Karyotyping, Immunohistochemistry and Others), By Application (Cancer, Genetic Disorders, Personalized Medicine and Others), By End User (Academic Research Institutes, Clinical & Research Laboratories, Pharmaceutical & Biotechnology Companies and Others) and Geography - Global/Region/Country Forecast to 2027”.

The Global Cytogenetics market was valued at almost US$ 1.9 Bn in the year 2020 and is anticipated to record US$ 4.47 Bn till 2027 witnessing a CAGR of 13% over the forecast period 2021-2027.

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Growing R&D Activities in the Medical Science Segment Fuelling Cytogenetics Market Growth
Cytogenetics involve the study of chromosomes in one’s body for understanding and treating genetic disorders like anemia, cancer, cystic fibrosis, Down’s syndrome and sickle cell anemia. There are several factors that fuel the growth of cytogenetics market such as increasing cases of genetic disorders and growing aging population. Furthermore, technological development for novel innovations in medical segment and growing demand for best quality medical treatments drive the cytogenetics market growth. On the other hand, high capital price of funds and investments, difficulty in correctness, dearth of trained experts and high treatment price are some of the significant factors hamper the cytogenetics market growth. Increasing disposable profits and growing R&D activities in the medical science sector are major factors enhancing the cytogenetics market growth.

North America Witnesses Larger Market revenue share in Global Cytogenetics Market
On the basis of regional analysis, the cytogenetics market is categorized into different regions such as Asia Pacific, North America, Europe, Latin America, Africa and Middle East. Among all these regions, North America witnessed larger revenue share in the market recording significant CAGR rate. This region is experiencing growth particularly in emerging countries of this region like Canada and U.S due to the increasing use of cytogenetics in various treatments and diagnosis. Furthermore, presence of skilled experts, growing economy and high investments are the factors driving the cytogenetics market in North America. High funds and investments and use of higher technology in the medical segment are fueling the cytogenetics market growth in Europe. Skilled manpower, government focus on public healthcare, growing population and growing disposable incomes are the crucial factors bolstering the cytogenetics market growth in Asia Pacific.

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Competitive Analysis
There are a few major players operating in Cytogenetics Market are Abbott Laboratories, Empire Genomics, LLC., Agilent Technologies, Inc., Illumina, Inc., Irvine Scientific., OPKO Health, Inc. (GeneDx.), Thermo Fisher Scientific, Inc., Sysmex Corporation (Oxford Gene Technology), Danaher Corporation,, Quest Diagnostics Inc. and NeoGenomics Inc. New product approvals and frequent achievements by the key players significant factor contributes greatly towards propelling the cytogenetics market growth. Thermo Fisher Scientific and HEALTH BioMed worked together to support the development of molecular diagnostic kits of HBM for infectious illnesses and pharmacogenomics monitoring, which will enhance the market in China. Key players of this market are continuously focusing on to expand their business by launching new products into market.

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