Global Molecular Cytogenetics Market is valued at USD 1.89 Billion in 2019 and expected to reach USD 3.84 Billion by 2026 with the CAGR of 10.6% over the forecast period.
Latest research report on US Molecular Cytogenetics Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.
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Market Analysis of US Molecular Cytogenetics –
The US Molecular Cytogenetics combine disciplines molecular biology & cytogenetic and involves the analysis of chromosome structure to help distinguish normal and cancer causing cells. Hence, the US Molecular Cytogenetics encompasses all aspects of chromosome biology and the application of molecular cytogenetic techniques in all areas of biology and medicine including structural and functional organization of the chromosome and nucleus, genome variation, expression and evolution, chromosome abnormalities and genomic variations in medical genetics and tumor genetics. Therefore, the US Molecular Cytogenetics can also be used as a diagnostic tool for congenital syndromes in which the underlying genetic causes of the disease are unknown. Analysis of a patient’s chromosome structure can reveal causative changes. The US Molecular Cytogenetics can also be useful in diagnosing and treating various malignancies such as hematological malignancies, brain tumors, and other precursors of cancer. This field is overall focused on studying the evolution of chromosomes more specifically the number structure, function, and origin of chromosome abnormalities.
The US Molecular Cytogenetics techniques are used in karyotyping analysis of G-banded chromosomes other cytogenetics banding techniques as well as US Molecular Cytogenetics such as fluorescent in situ hybridization (FISH) and comparative genomic hybridization (CGH). This specimen requirement is distinctly limiting because for some hospitals, specimens are received in the cutting room already fixed in formalin or the pathologist may prematurely place it in formalin. Thus, to use the karyotyping approach, the pathologist must plan ahead and submit a viable portion of the specimen prior to fixation. In addition, the US Molecular Cytogenetics’ applications in pharmacogenomic are also anticipated to significantly impact market growth as several cytogenetic tools have been successfully used for pharmacogenomic biomarker studies. Effective use of CGH, FISH and sequencing technology in pharmacogenomic is evident by the presence of a substantial number of published articles demonstrating the role of cytogenetic techniques in pharmacogenomic testing.
US Molecular Cytogenetics Market report is segmented on the basis of product, application, and by regional & country level. Based on type, US molecular cytogenetic market is classified as the in-situ, FISH and comparative genomic hybridization. Based upon application, US Molecular Cytogenetics is classified into research labs and institutes.
The regions covered in this US Molecular Cytogenetics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of US Molecular Cytogenetics is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for US Molecular Cytogenetics-
Some major key players for US Molecular Cytogenetic Market are Abbott Laboratories, Agilent Technologies, Applied Spectral Imaging, Bio-Rad Laboratories, Danaher, Illumina, Oxford Gene Technology, PerkinElmer, F. Hoffmann-La Roche, Thermo Fisher Scientific and others.
US Molecular Cytogenetics Market Dynamics–
The rapidly increasing incidences of genetic disorders and cancer related growth in mortality per year have significantly driven the market growth. Continuous rise in new cancer cases has emphasized the need for development of advanced technologies for a comprehensive understanding of cancer at a genomic level. According to World Organization (WHO) in 2040, the US burden is expected to grow to 27.5 million new cancer cases and 16.3 million cancer deaths simply due to the growth and aging of the population. In addition, increasing adoption of various cytogenetic tools for pharmacogenomic biomarker studies and increasing technological advancements in Fluorescence in Situ Hybridization (FISH) and Comparative Genomic Hybridization (CGH) CGH techniques are also expected to boost the growth of the US market. However, less availability of skilled professionals across the globe and high cost associated with the molecular cytogenetic techniques are some of the challenging factors that may hamper the growth of target market.
In spite of that, ongoing technological advancements in CGH and FISH, with respect to resolution and specificity, have augmented the application scope of cytogenetic tools in basic research and molecular diagnostics. These advancements have successfully overcome the limitations of conventional cytogenetic analysis. In addition, increasing penetration of various molecular cytogenetic products such as consumables, software and services, instruments, and reagents and kits across the globe is one of the key factors projected to propel growth of the US molecular cytogenetic market. In the current scenario, CGH and FISH techniques are widely adopted across various applications such as diagnostics, research activities, and medicine development can provide various opportunities for the further growth of the market. Various advantages CGH and FISH techniques offer over conventional techniques have allowed these segments to account for a major share in the market. CGH captured the dominant share owing to its vital role in comprehensive cancer studies. This technique has also eliminated the need for metaphase chromosomes, which results in enhanced resolution.
Key Benefits of US Molecular Cytogenetics Market Report–
- US Molecular Cytogenetics Market report covers in depth historical and forecast analysis.
- US Molecular Cytogenetics Market research report provides detail information about Market Introduction, Market Summary, US market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- US Molecular Cytogenetics Market report helps to identify opportunities in market place.
- US Molecular Cytogenetics Market report covers extensive analysis of emerging trends and competitive landscape.
US Molecular Cytogenetics Market Segmentation:–
- Comparative Genomic Hybridization
- Research Labs
By Regional & Country Analysis
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- The Middle East and Africa
- Rest of Middle East and Africa
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