Molecular Cytogenetics Market, Size, Share, Trade, Key Drivers and Forecast 2024

Posted by Yash Chauhan on March 26th, 2019

The global molecular cytogenetics market is growing at a significant rate, due to the mounting occurrence of cancer and genetic disorders, and escalating penetration of molecular cytogenetics in clinical pathological testing. The market has witnessed a high demand for kits and reagents due to the mounting occurrence of cancer and genetic disorders.

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On the basis of product, the market is subdivided into kits & reagents, consumables, instruments, and software & services. On the basis of technique, the market is subdivided into comparative genomic hybridization, in situ hybridization, fluorescence in situ hybridization, and other techniques. On the basis of application, the market is subdivided into genetic disorders, personalized medicine, cancer, and other applications. The different end users of the market are clinical & research laboratories, pharmaceutical, and biotechnology companies, academic research institutes, and other end users.

Evolution from fish to array-based techniques is the trend in the molecular cytogenetics market. The mounting occurrence of genetic disorders and cancer, expanding the geriatric population, escalating healthcare expenditure, and mounting occurrence of chronic diseases are the primary growth drivers for molecular cytogenetics market.

North America is the largest molecular cytogenetics market as in the region the occurrence of cancer and the genetic disorder is increasing. Asia-Pacific is observed to witness the fastest growth in the market, due to expanding the geriatric population.

Key players in the molecular cytogenetics market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.

Abbott Laboratories, Inc., Illumina, Inc., Applied Spectral Imaging, Perkinelmer, Inc., Bio-Rad Laboratories, Inc., Preciio Inc., and Thermo Fisher Scientific Inc. are the key players offering molecular cytogenetics.

Source: VynZ Research