Molecular Cytogenetics Market Scope
According to the American Cancer society number of new cancer cases and death in 2020 is 1.8 million diagnosed and 606,520 death cases in the United States, the demand for molecular cytogenetics is booming. Molecular Cytogenetics is defined as a huge set of techniques that function either with specific targeted DNA or with the entire genome, it offers a way to detect complicated submicroscopic and cryptic rearrangement that undecipherable. According to the world health organization(WHO), cancer is the second leading disease cause of death globally, accounting for a projected 9 .6million deaths, or one in six death in 2018. The increasing number of cancer cases across the globe is another driving factor of growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Bio-Rad Laboratories (United States), Applied Spectral Imaging (United States), Thermo Fisher Scientific, Inc. (United States), Oxford Gene Technology (United Kingdom), Danaher Corporation (United States), Abbott Laboratories (United States), F. Hoffmann-La Roche Ltd. (Switzerland) and Agilent Technologies (United States) |
CAGR | % |
In Molecular Cytogenetics Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation, and sourcing strategies to enhance their market share Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Molecular Cytogenetics market throughout the predicted period.
Bio-Rad Laboratories (United States), Applied Spectral Imaging (United States), Thermo Fisher Scientific, Inc. (United States), Oxford Gene Technology (United Kingdom), Danaher Corporation (United States), Abbott Laboratories (United States), F. Hoffmann-La Roche Ltd. (Switzerland) and Agilent Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Illumina, Inc. (United States) and Diagnostic Cytogenetics, Inc. (DCI) (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Molecular Cytogenetics market by Type , by Application (Genetic Disorders, Cancer, Personalized Medicine and Other Applications) and Region with country level break-up.
On the basis of geography, the market of Molecular Cytogenetics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2021,Phase Genomics, Inc., a biotech company leading advancements in next-generation sequencing (NGS) solutions for genome assembly and analysis, today announced the launch of the beta version of its new platform for next generation cytogenomic applications in the reproductive genetics and oncology spaces.
Influencing Trend:
The Demand for Transition Array-Based Techniques over FISH
Market Growth Drivers:
Increasing Number of Cancer Cases is key Driving Factor, Inclination towards Targeted Cancer Treatment and Growing Number of Genetic Disorders
Challenges:
Adverse Reimbursement Scenario
Restraints:
High Cost of Advanced Apparatus
Opportunities:
Emerging demand from Developing regions APAC
Key Target Audience
Molecular Cytogenetics Providers, Molecular Cytogenetics Suppliers, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End Users