Press release
Molecular Cytogenetics Market Size and Share Is Projected to Grow at a 24.2% CAGR By 2027, Finds Coherent Market Insights
The black-and-white cytogenetics approaches are giving way to colour cytogenetics. With the development of FISH and aCGH, traditional black and white approaches were associated with difficulties in resolution and accuracy. Complex chromosomal rearrangements are detected using molecular cytogenetic techniques like as FISH and aCGH.Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2491
Statistics:
The global molecular cytogenetics market is estimated to account for US$ 1,970.8 Mn in terms of value by the end of 2019.
Global Molecular Cytogenetics Market: Drivers
The worldwide molecular cytogenetics market is predicted to rise due to the approval and launch of new products. For example, in January 2019, Applied Spectral Imaging launched an updated products portfolio that included a new imaging methodology that is based on an all-new algorithm coupled with advanced hardware components to increase the scanning speed for fluorescence in situ hybridization (FISH) imaging.
Global Molecular Cytogenetics Market: Opportunities
For companies in the worldwide molecular cytogenetics market, the advent of Next Generation Sequencing (NGS) is likely to provide lucrative growth prospects. In October 2019, Illumina, Inc. teamed with QIAGEN N.V. to expand the availability and usage of NGS-based in-vitro diagnostic kits for patient management, including companion diagnostics.
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Global Molecular Cytogenetics Market: Restraints
The worldwide molecular cytogenetics market is projected to be hampered by the low adoption of molecular cytogenetics in emerging nations.
Key Takeaways:
The global molecular cytogenetics market was valued at US$ 1,970.8 million in 2019 and is expected to grow at a CAGR of 24.2 percent to US$ 11,129.1 million by 2027. The worldwide molecular cytogenetics market is predicted to rise due to the approval and launch of new products.
aCGH segment held dominant position in the global molecular cytogenetics market in 2019, accounting for 64.0% share in terms of value, increasing prevalence of cancer is expected to propel the segment growth during the forecast period.
Market Trends
The global molecular cytogenetics market is predicted to develop due to the high frequency of genetic abnormalities. The number of patients with cystic fibrosis climbed from 21,421 in 2003 to 30,775 in 2018, according to the Summary of the Cystic Fibrosis Foundation Patient Registry, 2003–2018.
To increase their market share, major companies in the global molecular cytogenetics market are focusing on forming partnerships. Precipio, Inc., a specialist diagnostics firm, for example, announced in April 2018 that it is inactive licensing conversations with multiple possible partners about IV-Cell, Precipio's patented cytogenetics media.
Global Molecular Cytogenetics Market: Competitive Landscape
Major players operating in the global molecular cytogenetics market include, Abbott Laboratories, Affymetrix, Inc., Agilent Technologies, Inc., Applied Spectral Imaging, Inc., BI Biological Industries, Bio-Rad Laboratories, CytoTest Inc., Cytognomix, Inc., F. Hoffmann-La Roche Ltd., Illumina Inc., Bionano Genomics, Inc., Precipio, Inc., and Leica Biosystems.
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Global Molecular Cytogenetics Market: Key Developments
The worldwide molecular cytogenetics market's major companies are focusing on launching new products in order to grow their product portfolio. For example, in March 2019, Bionano Genomics, Inc. launched multiple new products and advancements for its Saphyr workflow that massively improve throughput, significantly speed up sample prep and allow for the detection of low-allele frequency structural variants at the 2019 Advances in Genome Biology and Technology (AGBT) meeting.
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Segmentation
Scope of the report
• Global Molecular Cytogenetics Market, By Technology:
o FISH
o aCGH
• Global Molecular Cytogenetics Market, By Application:
o Genetic Disorders
o Cancer
o Personalized Medicine
o Others
• Global Molecular Cytogenetics Market, By Region:
o North America
By Technology:
FISH
aCGH
By Application
Genetic Disorders
Cancer
Personalized Medicine
Others
By Country
U.S.
Canada
o Latin America
By Technology:
FISH
aCGH
By Application
Genetic Disorders
Cancer
Personalized Medicine
Others
By Country
Brazil
Mexico
Argentina
Rest of Latin America
o Europe
By Technology:
FISH
aCGH
By Application
Genetic Disorders
Cancer
Personalized Medicine
Others
By Country
U.K.
Germany
France
Spain
Italy
Russia
Rest of Europe
o Asia Pacific
By Technology:
FISH
aCGH
By Application
Genetic Disorders
Cancer
Personalized Medicine
Others
By Country
China
Japan
India
Australia
South Korea
ASEAN
Rest of Asia Pacific
o the Middle East
By Technology:
FISH
aCGH
By Application
Genetic Disorders
Cancer
Personalized Medicine
Others
By Country
GCC Countries
Israel
Rest of the Middle East
o Africa
By Technology:
FISH
aCGH
By Application
Genetic Disorders
Cancer
Personalized Medicine
Others
By Country
North Africa
Central Africa
South Africa
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