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Single Nucleotide Polymorphism (SNP) Genotyping Market Report 2023-2032: Market Size, Demand, Segmentation And Key Trends | Thermo Fischer Scientific Inc., Danaher Corporation, Roche Diagnostics Corporation, GE HealthCare Technologies Inc., Eurofins Genom
Single Nucleotide Polymorphism (SNP) Genotyping Market
The Business Research Company's Single Nucleotide Polymorphism (SNP) Genotyping Global Market Report 2023 identifies ncreasing burden of chronic conditions as the major driver for the Single Nucleotide Polymorphism (SNP) Genotyping market's growth in the forecast period. Chronic conditions are problems that last a year or longer, necessitating continuing medical care, restricting everyday activities, or both. Single Nucleotide Polymorphism (SNP) genotyping is essential for identifying genetic predispositions and promoting personalized medicine due to the increased prevalence of chronic diseases.
The global single nucleotide polymorphism (SNP) genotyping market is expected to grow from $7.01 billion in 2022 to $8.48 billion in 2023 at a compound annual growth rate (CAGR) of 21%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The single nucleotide polymorphism (SNP) genotyping market is expected to reach $17.32 billion in 2027 at a CAGR of 19.5%.
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Major competitors in the Single Nucleotide Polymorphism (SNP) Genotyping market are Thermo Fischer Scientific Inc., Danaher Corporation, Roche Diagnostics Corporation, GE HealthCare Technologies Inc., Eurofins Genomics LLC.
A key trend in the Single Nucleotide Polymorphism (SNP) Genotyping market includes Technological solutions.Major companies operating in the single nucleotide polymorphism (SNP) genotyping market are introducing technologically advanced solutions to sustain their position in the market. For instance, in May 2022, Neogen Corporation, a US-based food safety company that provides solutions for the agriculture, animal protein, food, and beverage industries, and Gencove, a US-based provider of sequencing solutions, launched InfiniSEEK. It is the first complete genome and genotyping tool for cattle breeders. InfiniSEEK's thorough validation shows that low-pass genome-wide sequencing is more than 99% concordant with deep whole-genome sequencing and can provide even higher clinical-grade accuracy in some areas of interest.
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The Single Nucleotide Polymorphism (SNP) Genotyping market is segmented -
1. By Product: Consumables, Instruments, services
2. By Technology: TaqMan SNP Genotyping, Mass Array SNP Genotyping, SNP Gene Chip Arrays, Other Technologies.
3. By Application: Animal Genetics, Plant Improvement, Diagnostic Research, Pharmaceuticals And Pharmacogenomics, Agricultural Biotechnology, Other Applications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Single Nucleotide Polymorphism (SNP) Genotyping market.
The Business Research Company's "Global Single Nucleotide Polymorphism (SNP) Genotyping Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Single Nucleotide Polymorphism (SNP) Genotyping Market Include:
1. Executive Summary
2. Single Nucleotide Polymorphism (SNP) Genotyping Market Characteristics
3. Single Nucleotide Polymorphism (SNP) Genotyping Market Trends And Strategies
4. Single Nucleotide Polymorphism (SNP) Genotyping Market - Macro E
……
32. Global Single Nucleotide Polymorphism (SNP) Genotyping Market Competitive Benchmarking
33. Global Single Nucleotide Polymorphism (SNP) Genotyping Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Single Nucleotide Polymorphism (SNP) Genotyping Market
35. Single Nucleotide Polymorphism (SNP) Genotyping Market Future Outlook and Potential Analysis
36. Appendix
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