According to Stratistics MRC, the Global Genotyping market is estimated at $6.43 billion in 2015 and is expected to reach $24.36 billion by 2022 growing at a CAGR of 21% from 2015 to 2022. Growing awareness regarding personalised medicine and genetic diseases among the people, increase in target diseases occurrence and technological improvements in genotyping are the key factors driving the market growth. On the other hand, poor reimbursement policies is hampering the market growth. Demand for low cost genotyping service and huge flow of investments are the opportunities for the market to grow.
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The reagents and kits in product segment leads the market globally with the biggest market share and reagents is expected to grow with a high CAGR during the forecast period. Polymerase Chain Reaction (PCR) holds the largest share whereas sequencing in application segment is expected to overtake it during forecast period. North America is projected to be the leading markets in terms of market size, the growth is attributed to R&D investments and technological advancements. Asia Pacific is expected to witness high growth rate during the forecast period.
Some of the key players in the market are Sequenom Inc., Bio-Rad Laboratories, Illumina, Inc., Roche Diagnostics., Life Technologies Corporation (Thermofisher Scientific), Harlan Laboratories, Agilent Technologies, Affymetrix, Inc, Beckman Coulter, Genewiz, Inc., Qiagen NV, GE Healthcare and Fluidigm Corp.
Next Generation Sequencing (NGS)
Single Strand Conformation Polymorphism (SSCP)
Restriction Fragment Length Polymorphism (RFLP)
Amplified Fragment Length Polymorphisms (AFLP)
Polymerase Chain Reaction (PCR)
Real Time PCR
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