Genotyping Market Size to Hit US$ 79,407.14 million by 2028

Genotyping is identifying the DNA sequence, or genotype, at particular locations across an individual's genome. In linkage and association studies, sequence variations can be employed as markers to find the genes responsible for specific characteristics or diseases. Understanding the relationship between genotypes and phenotypes requires knowledge of genotyping. Compared to a reference sequence from the general population or a specific subgroup, an individual genome is recognized as a distinct variant. The growth of the Genotyping market is primarily attributed to the use of genotyping in drug development for genetic and rare diseases, technological advancements, and rising R&D investments in pharmaceutical and biotechnology.

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F. Hoffmann-La Roche Ltd., Integrated DNA Technologies, Inc. (Danaher), Qiagen, Merck KGaA, Eurofins Genomics, Thermo Fisher Scientific Inc., BioTek Instruments, Inc., Xcelris Genomics, Trimgen Corporation, and Illumina, Inc. are a few leading companies operating in the global Genotyping market are among the key players operating in the Genotyping market. For instance, in January 2021, Thermo Fisher Scientific Inc. launched the Orbitrap Exploris MX Mass Detector for new-generation mass spectrometry instruments, workflows, and software. 

The use of genotyping in drug development for genetic & rare diseases and rising R&D investments in pharmaceutical & biotechnology boost the global genotyping market growth.

According to the Alzheimer's Association, in 2022, the number of people living with Alzheimer's in the US rapidly increases. Alzheimer's affects more than 6 million Americans of all ages. In 2022, an estimated 6.5 million Americans aged 65 and up have Alzheimer's, out of which 73% of the population is 75 years old or older.

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