Cytogenetics is the study of a cell’s structure and function (chromosome) as well as gene anomalies in disease. A combination of molecular biology with cytogenetics is known as molecular cytogenetics.
Statistics:
The global molecular cytogenetics market is estimated to account for US$ 11,129.1 Mn in terms of value by the end of 2027.
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Global Molecular Cytogenetics Market: Drivers
The increasing usage of molecular cytogenetics is likely to drive the worldwide molecular cytogenetics market. For example, Bionano Genomics, Inc. stated in October 2019 that Saphyr has been embraced by leading companies such as PerkinElmer Genomics and the University of Iowa for usage in their clinical genomics facilities.
Furthermore, the rising prevalence of cancer is predicted to increase the use of molecular cytogenetics. According to the American Cancer Society, there will be 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the United States year 2019.
Statistics:
In terms of value, North America dominated the global molecular cytogenetics market in 2019, with a 45.7 percent share, followed by Europe and Asia Pacific.
Global Molecular Cytogenetics Market: Restraints
Unfavourable reimbursement rules are a major stumbling block to the worldwide molecular cytogenetics market’s expansion. Molecular diagnostic tests are not being reimbursed by insurance providers.
Furthermore, high cost of genetic testing is also expected to limit the market growth. The cost of these tests typically range from US$ 300 to US$ 3,000 per test and are considered the most important technologies for early detection.
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Global Molecular Cytogenetics Market: Opportunities
For companies in the worldwide molecular cytogenetics market, tapping into emerging markets is projected to provide lucrative growth prospects. Due to a high level of public awareness and adoption, FISH and array-based technologies have a high penetration rate in industrialised economies such as the United States and Europe. However, due to limited patient knowledge, growing Asian and Latin American countries have a poor adoption rate. Economic advancements in these locations, together with rising patient disposable income and more knowledge, are drawing medical practitioners’ attention to molecular diagnostics.
Furthermore, growing cancer and genetic problems in emerging nations are likely to increase demand for molecular cytogenetic technology in these areas. According to the WHO, the number of new cancer cases diagnosed each year in Africa is anticipated to rise from over 1 million in 2018 to over 2.1 million in 2040.
Statistics:
The global molecular cytogenetics market was valued at US$ 1,970.8 Mn in 2019 and is forecast to reach a value of US$ 11,129.1 Mn by 2027 at a CAGR of 24.2% between 2020 and 2027.
Market Trends/Key Takeaways
The global molecular cytogenetics market is predicted to develop due to the availability of effective molecular cytogenetic systems. For example, two major cytogeneticists from renowned institutions in the Netherlands and France revealed in July 2020 that Bionano Genomics’ Saphyr has 100 percent concordance with traditional cytogenetics in genetic diseases.
Furthermore, the advent of a new NGS panel is expected to help the market flourish. Oxford Gene Technology, for example, announced The CytoSure Constitutional NGS Panel in February 2020, a game-changing next-generation sequencing (NGS) panel for constitutional cytogenetics research.
Global Molecular Cytogenetics Market: Competitive Landscape
Major players operating in the global molecular cytogenetics market include, Abbott Laboratories, Affymetrix, Inc., Agilent Technologies, Inc., Applied Spectral Imaging, Inc., BI Biological Industries, Bio-Rad Laboratories, CytoTest Inc., Cytognomix, Inc., F. Hoffmann-La Roche Ltd., Illumina Inc., Bionano Genomics, Inc., Precipio, Inc., and Leica Biosystems.
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Global Molecular Cytogenetics Market: Key Developments
The worldwide molecular cytogenetics market’s major companies are focusing on launching new products in order to grow their product portfolio. Agilent Technologies Inc., for example, announced three new microarrays in March 2020 to fulfil the demands of cytogenetic laboratories doing both prenatal and postnatal research.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Country
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Technological Advancements
- Regulatory Scenario
- Mergers and Acquisitions
- Market Dynamics
- Global Molecular Cytogenetics Market, By Technology, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- FISH
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- aCGH
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Molecular Cytogenetics Market, By Application, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Genetic Disorder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Cancer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Personalized Medicine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Molecular Cytogenetics Market, By Region, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- Japan
- India
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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