Global Genotyping Market is Expected to Reach $31.19 billion by 2023

Report Sellers has added a new market research report “Genotyping – Global Market Outlook (2017-23)” to its offerings.

According to Report, Global Genotyping Market is estimated at $8.64 billion in 2016 and is expected to reach $31.19 billion by 2023 growing at a CAGR of 20.1% from 2016 to 2023. Growing awareness regarding personalized 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 are hampering the market growth. Demand for low cost genotyping service and huge flow of investments are the opportunities for the market to grow.

Genotyping is the procedure of deciding differences in the genetic make-up (genotype) of an individual by analyzing the individual’s DNA sequence utilizing biological assays and comparing it to a reference sequence. It brings out the alleles an individual has inherited from their parents. The reagents and kits lead the market with the highest market share due to their wide usage and growing demand for genotyping tests. Personalized medicine holds the largest share and the growth can be attributed to increasing support of government for personalized medicine. 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 global genotyping market are GE Healthcare, Illumina, Inc, Agilent Technologies, Life Technologies Corporation (Thermofisher Scientific), Beckman Coulter, Roche, Qiagen NV, Affymetrix, Inc, Fluidigm Corp, Sequenom Inc, Douglas Scientific LLC, Premium Biosoft and Genewiz, Inc.

Browse through the complete description and in-depth TOC on “Global Genotyping Market”

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What does the Report Offers

Market share assessments for the regional and country level segments

Market share analysis of the top industry players

Strategic recommendations for the new entrants

Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global Genotyping Market has been segmented by technologies covered, end-users covered, applications covered, product and services covered and regions covered

Technologies Covered:
Sequencing
Polymerase Chain Reaction (PCR)
Capillary Electrophoresis
Maldi-Tof
Microarray
Mass spectrometry
Other Technologies

End-Users Covered:
Diagnostic & Research Laboratories
Pharmaceutical & Biopharmaceutical Companies
Academic Institutions

Applications Covered:
Pharmacogenomics
Diagnostic Research
Agricultural Biotechnology
Animal Genetics
Personalized medicine
Drug discovery and development
Other Applications

Product and Services Covered:
Reagents & Kits
Instruments
Bioinformatics Software
Genotyping Services
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

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