Molecular Cytogenetics Market Set for 10.4% CAGR Growth by 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Molecular Cytogenetics Market Size, Share & Trends Analysis Report By Product (Kits & Reagents, Instruments, Consumables, Software & Services), Technique (Comparative Genomic Hybridization, Fluorescence In-Situ Hybridization, Chromogenic In-Situ Hybridization, Other Techniques), Application (Genetic Disorders, Cancer, Personalized Medicine, Other Applications), End User (Clinical & Research Laboratories, Academic Research Institutes, Pharmaceutical & Biotechnology Companies, Other End Users)- Market Outlook And Industry Analysis 2031"

The Global Molecular Cytogenetics Market is valued at US$ 3.13 Bn in 2023, and it is expected to reach US$ 6.72 Bn by 2031, with a CAGR of 10.4% during the forecast period of 2024-2031.

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The Molecular Cytogenetics market is one of the fastest-moving fields that integrates molecular biology with cytogenetics for studying the chromosomes and their aberrations to give critical insights into disorders of genetics and cancer. It is one of the advanced techniques belonging to specialized branches of genetics, including Fluorescence In Situ Hybridization (FISH), Comparative Genomic Hybridization (CGH), and Next-Generation Sequencing (NGS) to map, identify the abnormalities, and study the organization of genetic material. The most important contribution to the study, mainly in cancer diagnosis and genetic disorders detection, lies in understanding how chromosomal variations lead to diseases. There are applications in preimplantation genetic diagnosis, or PGD, to ensure chromosomes have health before implanting embryos.

The primary techniques applied in molecular cytogenetics are FISH, which uses fluorescent probes to visualize DNA sequences; CGH, in which genomic imbalances are detected based on a comparison between test DNA and a reference; and aCGH, in which the advantages include a high-resolution genome-wide analysis. NGS allows genomic analysis to an unprecedented level of accuracy and speed. Molecular cytogenetics allows for the detection of chromosomal abnormalities precisely, and therefore, these studies advance the area of personalized medicine, as therapies will be targeted according to the genetic profile. These techniques therefore play a priority role in improving diagnostic capabilities concerning complex genetic conditions and patient outcomes.

List of Prominent Players in the Molecular Cytogenetics Market:
• F. Hoffmann-La Roche Ltd.
• Danaher Corporation
• Agilent Technologies, Inc.
• Abbott Laboratories
• Thermo Fisher Scientific, Inc.
• Illumina Inc.
• Revvity
• Pacific Biosciences
• Bio-Rad Laboratories, Inc.
• Bio-Techne Corporation
• Genedx
• Oncocyte Corporation
• Bioview
• Other Players
o Oxford Gene Technology Ip Limited (Part of Sysmex)
o Applied Spectral Imaging, Inc.
o Cytotest Inc.
o Chromatids, Inc.
o Genial Genetic Solutions Ltd.
o Cytognomix, Inc.
o Metasystems
o Scigene
o Biomodal
o Biocare Medical
o Biodot
o Oncodna

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Market Dynamics:
Drivers-
Several factors are driving the molecular cytogenetics market. These include a growing incidence of cancers and genetic disorders. According to the International Agency for Research on Cancer (IARC), for instance, nearly 20 million new cases of cancer were reported in 2022 globally. Almost 9.7 million people worldwide died from cancer in 2022. The constantly rising incidence of cancer and need for genetic disorder diagnosis largely catalyze the demand for molecular cytogenetics. Technological advancements in high resolution imaging and next-generation sequencing improve diagnostic clarity as well as facilitate personalized medicine, where treatments are customized according to an individual's unique genetic profile. Other sources of funding for research, whether they come from the public or private sectors, fuel clinical research and the development of novel diagnostics with an impetus to market growth.

Challenges:
Some of the challenges to be posted in this molecular cytogenetics market, in terms of cost, include advanced technologies like FISH and CGH, which require well-expensive equipment and reagents for their applications. Such kinds of barriers may affect accessibility for such conditions in low- and middle-income countries. Skilled professionals who can perform and explain complex cytogenetic analyses are scarce. In addition, data interpretation is complex, and protocols applied vary, creating inconsistency and inaccuracies due to lack of standard application in most labs.

Regional Trends:
The molecular cytogenetics market in North America is the largest since the healthcare infrastructure in the region is strong enough to support large-scale implementation of advanced diagnostic tools in hospitals and research labs. Incidence of genetic disorders and cancer is high in the region: ~1.9 million cancer diagnoses were made in the U.S. in 2022. Government support is sustained through the transparent regulatory frame of bodies like the FDA, which has boosted commercialization. Another of the factors that further increases growth in the region includes personalized medicine, which on genetic testing forms a basis for individualized therapy. Besides, academia-industry-residence in collaboration contributes to further expansion and improving applications in fields of oncology and reproductive health.

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Recent Developments:
• In July 2024, GeneDx announced significant enhancements to its Whole Genome Sequencing (WGS) offerings, aiming to accelerate diagnoses and reduce the diagnostic odyssey for patients. Key improvements include faster turnaround times for Rapid Whole Genome Sequencing (rWGS), the use of buccal samples (cheek swabs), and the capability to analyze repeat expansions.
• In Sep 2023, Revvity, Inc. has introduced its Pin-point™ base editing platform reagents, enhancing access to advanced gene editing in preclinical labs. This breakthrough in CRISPR technology allows for safe, multi-gene editing, improving drug development and streamlining cell line and cell therapy manufacturing. As one of the few established base editing technologies in clinical use, the Pin-point platform serves as a valuable tool for both discovery and therapy.

Segmentation of Molecular Cytogenetics Market-
By Product:
• Kits & Reagents
o Testing Kits
o Probes
o Fluorescent Affinity Reagents
o Other Kits & Reagents
• Instruments
• Consumables
• Software & Services
By Technique:
• Comparative Genomic Hybridization
o Array-Based Comparative Genomic Hybridization
o Standard Comparative Genomic Hybridization
• Fluorescence In-Situ Hybridization
• Chromogenic In-Situ Hybridization
• Other Techniques
By Application:
• Genetic Disorders
• Cancer
• Personalized Medicine
• Other Applications
By End User:
• Clinical & Research Laboratories
• Academic Research Institutes
• Pharmaceutical & Biotechnology Companies
• Other End Users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.