Press release
Genotyping Market to Surge to USD 79.56 Billion by 2032, Driven by 16.2% CAGR Growth
Genotyping Market
The global genotyping market is experiencing robust expansion, driven by technological advancements, increasing prevalence of genetic disorders, and heightened research and development investments. Valued at USD 23.93 billion in 2024, the market is projected to reach USD 79.56 billion by 2032, reflecting a compound annual growth rate (CAGR) of 16.2% during the forecast period.
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Vietnam: Emerging Opportunities in Genotyping
Vietnam's healthcare sector is witnessing a gradual integration of genotyping technologies, particularly in personalized medicine and disease diagnostics. The government's initiatives to modernize healthcare infrastructure and promote biotechnology research present substantial opportunities for genotyping applications.
Thailand: Trends in Genotyping Adoption
Thailand is observing an uptick in the adoption of genotyping technologies, especially within its burgeoning pharmaceutical and agricultural sectors. The country's focus on precision medicine and sustainable agriculture is driving demand for advanced genotyping solutions.
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Japan: Growth in Genotyping Applications
Japan remains at the forefront of genotyping advancements, with significant applications in oncology and rare disease research. The nation's commitment to cutting-edge research and development fosters continuous growth in the genotyping market.
South Korea: Consolidation in Genotyping Sector
South Korea's genotyping market is experiencing consolidation, marked by collaborations between academic institutions and biotech companies. These partnerships aim to enhance genomic research capabilities and accelerate the development of personalized therapies.
PR Newswire
Singapore: Opportunities and Updates in Genotyping
Singapore's robust biomedical research ecosystem presents ample opportunities for genotyping applications. The government's support for precision medicine initiatives and investment in genomic research infrastructure are key drivers of market growth.
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United States: Trends and Mergers in Genotyping Industry
The United States continues to lead the genotyping market, driven by substantial investments in research and development, advanced healthcare infrastructure, and a strong regulatory framework supporting genetic technologies. The presence of major market players and academic institutions further solidifies the U.S.'s position as a hub for genotyping innovation and adoption.
PR Newswire
Europe: Growth and Key Developments in Genotyping Market
Europe's genotyping market is expanding, propelled by increasing government funding for genomic research and the rising prevalence of genetic disorders. The region's emphasis on precision medicine and collaboration among biotech firms and research institutions contribute to market growth.
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◆ Key Recent Developments in the Genotyping Market
July 2023: QIAGEN launched the QIAseq Normalizer Kits, providing researchers with a fast and cost-effective method to pool different DNA libraries for high-quality results from next-generation sequencing runs.
June 2022: Roche introduced a human papillomavirus (HPV) self-sampling solution in countries accepting the CE mark, enabling patients to privately collect samples for HPV screening, analyzed with the Roche cobas HPV test on a Roche molecular instrument.
◆ Genotyping Market Segmentation:
by Product
PCR
Capillary Electrophoresis
Microarray
Sequencing
Mass Spectrometry
Others
by Type
Instruments
Reagents & Kits
Software & Services
by Application
Pharmacogenomics
Diagnostics And Personalized Medicine
Agricultural Biotechnology
Animal Genetics
Others
by End-User
Pharmaceutical & Biopharmaceutical Companies
Diagnostic Laboratories
Academic & Research Institutes
Other End Users
◆ Genotyping Market, Key Players
1. Illumina, Inc(USA)
2. Thermo Fisher Scientific Inc. (USA)
3. Qiagen Inc. (Germany)
4. Fluidigm Corporation (USA)
5. Danaher Corporation (USA)
6. Agilent Technologies Inc. (USA)
7. GE Healthcare Inc. (USA)
8. Bio-Rad Laboratories Inc (USA)
9. Pacific Biosciences of California (USA)
10. F. Hoffmann-La Roche Ltd. (Switzerland)
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