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Industry Current Trends: Molecular Cytogenetics Market Globally Grow at a CAGR of 10.1% by Revenue During the Forecast Period

Growth Opportunities in Molecular Cytogenetics

· Biotechnology
Molecular Cytogenetics Market

The Research Report on Molecular Cytogenetics Market provides a detailed overview of the major drivers, restraints, challenges, opportunities, and strategies impacting the market along with the estimates and forecasts of the revenue and market share analysis.

 

The major factors driving the growth of this market are increasing the incidence of genetic disorders and cancer, rapid growth in the aging population, and growing healthcare expenditure worldwide.

The high incidence and large economic burden of genetic disorders and cancer and rise in healthcare expenditure have resulted in the increasing use of molecular cytogenetic products in clinical and research laboratories, academic research institutes, and pharmaceutical and biotechnology companies.

 

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The report segments this market based on product, technique, application, end user, and region.

 

The implementation of molecular cytogenetics in clinical & research laboratories requires high capital investments. The instruments needed for cytogenetics research and procedures are expensive since they are equipped with advanced features and functionalities. Owing to their high costs, companies and research institutes with smaller R&D budgets cannot afford to purchase or produce such expensive instruments.

 

Molecular Cytogenetics Market Based on Product;

 

based on products, techniques, application, end user, and region. On the basis of product, the market is segmented into kits and reagents, instruments, consumables, and software and services. The kits and reagents segment is expected to account for the largest share of the global market in 2016; the increasing incidence of genetic disorders and cancer is a key market driver in this segment.

 

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Molecular Cytogenetics Market Based on techniques;

 

On the basis of technique, the market is segmented into comparative genomic hybridization (CGH), fluorescence in situ hybridization (FISH), in situ hybridization (ISH), and other techniques. CGH forms the largest and fastest-growing technology segment of this market, as the increasing laboratory automation will increase areas of application of CGH in molecular cytogenetics market.

 

Molecular Cytogenetics Market Based on Application;

 

the market is segmented into genetic disorders, cancer, personalized medicine, and other applications. The genetic disorders segment accounts for the largest share of the global market.

 

Key players in the molecular cytogenetics market include F. Hoffmann-La Roche Ltd. (Switzerland) Danaher Corporation (US), Thermo Fisher Scientific, Inc. (US), Abbott Laboratories (US), Agilent Technologies (US), PerkinElmer, Inc. (US), Illumina, Inc. (US), Bio-Rad Laboratories (US), Oxford Gene Technology (UK), and Applied Spectral Imaging (US).

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