Press release
Booming SNP Genotyping Market: Rapid Growth, Major Players, and Emerging Trends
Single Nucleotide Polymorphism (SNP) Genotyping Market
What Is The Projected Market Size Of The Global Single Nucleotide Polymorphism (SNP) Genotyping Market And Its Growth Rate?
The SNP genotyping market size has experienced rapid growth in recent years and is projected to continue this trend. Differences in data are as follows:
• Growth from $10.3 billion in 2024 to $12.37 billion in 2025 at a CAGR of 20.1%.
• Predicted growth to $24.95 billion in 2029 at a CAGR of 19.2%.
What Is Driving The Growth In The Single Nucleotide Polymorphism (SNP) Genotyping Market?
The increasing burden of chronic conditions is propelling the growth of the SNP genotyping market. Chronic conditions need continuous medical care and restrict everyday activities, leading to an increase in the market for SNP genotyping due to the necessity for personalized medicine and identifying genetic predispositions. For example, the Australian Institute of Health and Welfare recorded a rise in death rates linked to chronic conditions which underscores the growing burden of chronic diseases and the importance of SNP genotyping.
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Who Are the Key Players Driving Single Nucleotide Polymorphism (SNP) Genotyping Market Growth?
Key players in the SNP genotyping market include:
- Thermo Fischer Scientific Inc.
- Danaher Corporation
- Roche Diagnostics Corporation
- GE HealthCare Technologies Inc.
- Eurofins Genomics LLC
- Beckman Coulter Inc.
- Bio-Rad Laboratories Inc.
- Qiagen N.V.
- Sigma-Aldrich Corporation
- Agilent Technologies Inc.
- Others
What Are The Key Trends In The Single Nucleotide Polymorphism (SNP) Genotyping Market?
Emerging trends in the SNP genotyping market include:
- Increasing use of next-generation sequencing (NGS)
- Rising demand for SNP genotyping in pharmacogenomics
- The emergence of direct-to-consumer genetic testing
- Focus on automation
- High-throughput genotyping platforms
What Are The Segments Of The Global Single Nucleotide Polymorphism (SNP) Genotyping Market?
The SNP genotyping market is segmented as follows:
- Product: Consumables, Instruments, Services
- Technology: TaqMan SNP Genotyping, Mass Array SNP Genotyping, SNP Gene Chip Arrays, Other Technologies
- Application: Animal Genetics, Plant Improvement, Diagnostic Research, Pharmaceuticals And Pharmacogenomics, Agricultural Biotechnology, Other Applications
Which Region Leads The Single Nucleotide Polymorphism (SNP) Genotyping Market?
In 2024, North America was the largest region in the SNP genotyping market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. Regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Single Nucleotide Polymorphism (SNP) Genotyping Market Global Market Report?
- Market Size Analysis: Analyze the SNP Genotyping Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the SNP Genotyping Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall SNP Genotyping Market growth.
- Growth Drivers: Detail key factors influencing market growth, opportunities, and drivers.
- Industry Challenges: Analyze challenges and risks affecting the SNP Genotyping Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, new product launches in the market.
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