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Emerging Genotyping Assay Market Trend 2025-2034: CE-IVD Marked Applied Biosystems TaqPath Seq HIV-1 Genotyping Kit For Treatment-Resistant Strains Of HIV-1
How Is the Genotyping Assay Market Projected to Grow, and What Is Its Market Size?The genotyping assay market will grow from $33.98 billion in 2024 to $41.6 billion in 2025, reflecting a CAGR of 22.4%. Growth drivers include increased use of traditional glassware, cultural influences, economic factors, and the expansion of the hospitality and foodservice industry.
The genotyping assay market is expected to witness significant growth, reaching $95.5 billion by 2029 at a CAGR of 23.1%. Growth will be fueled by the increasing demand for customized healthcare solutions, the rise of wellness trends, the expansion of e-commerce, the adoption of smart and functional glassware, and innovations in culinary and mixology. Key trends include advancements in material science, unique glassware designs, smart glassware features, specialized beverage glassware, and improved health and safety standards.
What Are the Key Drivers Behind the Growth of the Genotyping Assay Market?
Moreover, the increasing prevalence of genetic disorders is anticipated to drive the growth of the genotyping assay market. These assays are essential for diagnosing and understanding genetic disorders by analyzing DNA for mutations. As genetic disorders become more prevalent, particularly among children, the demand for genotyping assays will continue to increase.
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Who Are the Major Industry Players Fueling Genotyping Assay Market Expansion?
Major companies operating in the genotyping assay market report are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific, Danaher Corporation, Eurofins Scientific SE, Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Bio-Rad Laboratories Inc., Qiagen NV, BGI Genomics, LGC Biosearch Technologies, GenScript Biotech, Inotiv Inc., Promega Corporation, Luminex Corporation, Integrated DNA Technologies Inc., Integrated DNA Technologies Ltd., Sequenom Inc., 23andMe Inc., Novogene Corporation, Oxford Nanopore Technologies PLC, GenMark Diagnostics Inc., Macrogen Inc., Pacific Biosciences of California Inc., Standard BioTools Inc., Genewiz Inc., New England Biolabs, TrimGen Corporation, Xcelris Genomics
Which Key Developments Are Influencing the Genotyping Assay Market?
In the genotyping assay market, companies are advancing genomic research with assays like the CE-IVD marked TaqPath Seq HIV-1 Genotyping Kit, which detects treatment-resistant HIV-1 strains. Launched by Thermo Fisher Scientific in January 2023, this assay uses Sanger sequencing to identify genetic mutations related to drug resistance, providing enhanced accuracy for clinical HIV-1 testing.
How Is the Segmentation of the Genotyping Assay Market Defined?
The genotyping assay market covered in this report is segmented -
1) By Product And Service: Reagents And Kits, Genotyping Services, Instruments, Bioinformatics
2) By Technology: Microarrays, Polymerase Chain Reaction, Sequencing, Capillary Electrophoresis, Matrix-assisted Laser Desorption Or Ionization-Time Of Flight Mass Spectrometry, Other Technologies
3) By End-User: Pharmacogenomics, Personalized Medicine And Diagnostics, Animal Genetics, Agricultural Biotechnology, Research And Diagnostic Laboratories, Academic Institutes
Subsegments:
1) By Reagents And Kits: DNA Extraction Kits, PCR Reagents, SNP Genotyping Kits, Genotyping Services, Genotyping by PCR, Whole Genome Sequencing Services, SNP Genotyping Services
2) By Instruments: PCR Machines, Sequencing Instruments, Microarrays
3) By Bioinformatics: Data Analysis Software, Genotyping Data Management Tools
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What Is the Leading Region in the Genotyping Assay Market?
North America was the largest region in the genotyping assay market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genotyping assay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Genotyping Assay Global Market Report?
- Market Size Analysis: Analyze the Genotyping Assay Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Genotyping Assay 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 Genotyping Assay Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Genotyping Assay Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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QIAGEN
MERCK KGaA
Eurofins Genomics
Thermo Fisher Scientific Inc
BioTek Instruments, Inc.
Xcelris Genomics
TrimGen Corporation
Illumina, Inc.
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