Global Molecular Cytogenetics Market Set for Rapid Growth, to reach Value around USD 3,616.56 Million by 2025

03-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Molecular Cytogenetics Market by Product (instruments, consumables and software & services), Technique (Genomic In Situ Hybridization (GISH), Fluorescence In Situ Hybridization (FISH), Comparative Genomic Hybridization (CGH), Multicolor Fluorescence In Situ Hybridization, Array Comparative Genomic Hybridization and Other Molecular Cytogenetic Techniques), Application (Genetic Disorders, Oncology, Personalized Medicine and Other Applications), End user (Clinical & Research Laboratories, Hospitals & Pathology Laboratories, Academic Research Institutes, Pharmaceutical and Biotechnology Companies and Other End-user): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025”. 

Global Molecular Cytogenetics Market Size

According to the report, global demand for Molecular Cytogenetics market was valued at approximately USD 1,795.31 million in 2018, and is expected to generate revenue of around USD 3,616.56 million by end of 2025, growing at a CAGR of around 10.58% between 2019 and 2025.

Browse the full “Molecular Cytogenetics Market: by Product (instruments, consumables and software & services), Technique (Genomic In Situ Hybridization (GISH), Fluorescence In Situ Hybridization (FISH), Comparative Genomic Hybridization (CGH), Multicolor Fluorescence In Situ Hybridization, Array Comparative Genomic Hybridization and Other Molecular Cytogenetic Techniques), Application (Genetic Disorders, Oncology, Personalized Medicine and Other Applications), End user (Clinical & Research Laboratories, Hospitals & Pathology Laboratories, Academic Research Institutes, Pharmaceutical and Biotechnology Companies and Other End-user) – Global Industry Perspective Comprehensive Analysis and Forecast, 2019-2025” Report at https://www.zionmarketresearch.com/report/molecular-cytogenetics-market

Molecular cytogenetics consists of molecular biology and cytogenetics. Cytogenetics refers to the study of chromosomes and also involves the analysis by in-situ hybridization techniques of genetic variations or modifications. Molecular cytogenetics finds important applications in the field of biology and medicine. Molecular cytogenetics is the genetic variation by in-situ hybridization techniques. This offers an overview of genome organization, behavior and structure that is high-resolution. The global Molecular Cytogenetics market is growing at a significant rate due to the increasing incidence of cancer and genetic disorders and the expanding penetration of Molecular Cytogenetics in clinical pathology research. Various products have contributed to the size of the Molecular Cytogenetics industry, such as kits & reagents, consumables, tools and technology & services.

Increasing incidence of cancer and the resulting rise in annual mortality has dramatically moved the market. Continued growth in new cancer cases has demonstrated the need for advanced technology for a detailed understanding of cancer at the genomic stage. FISH and Comparative Genomic Hybridization (CGH) are among the most widely recognized cytogenetic methods, offering comprehensive information on cancer-related molecular signatures. These methods help to gain insight into the cancer progression. Lack of consistent policies to cover and reimburse new genomic tools may impede the use of Molecular Cytogenetics in cancer and personalized treatment. However, in the future, the shortage of qualified workers and high costs associated with the implementation and handling of advanced techniques are likely to hamper the market.

The market for Molecular Cytogenetics is segmented based on product, application, technique, end user, and region. Based on product, the market is segmented into instruments, consumables and software & services. Throughout cytogenetic study, the increased use of media and reagents has rendered consumables the largest category. Consumables aid in both normal and advanced cytogenetic clinical procedures to produce reliable and reproducible outcomes. 

Based on technique, the market is segmented into Genomic In Situ Hybridization (GISH), Fluorescence In Situ Hybridization (FISH), Comparative Genomic Hybridization (CGH), Multicolor Fluorescence In Situ Hybridization, Array Comparative Genomic Hybridization and Other Molecular Cytogenetic Techniques. In the current scenario, CGH and FISH techniques are widely adopted through different applications such as diagnostics, clinical practices, and medicine production. Based on application, the market is segmented into Genetic Disorders, Oncology, Personalized Medicine and Other Applications. Successful and high use of molecular cytogenetic techniques has enabled oncology to emerge as the largest category of application for in-depth cancer studies.

Based on end-user, the market is segmented into Clinical & Research Laboratories, Hospitals & Pathology Laboratories, Academic Research Institutes, Pharmaceutical and Biotechnology Companies and Other End-user. The Clinical & Work Laboratories dominated the market in 2018. This is largely due to the increasing use of cytogenetic techniques in clinical diagnosis. Continuous work into the mechanisms underlying various chromosomal diseases has allowed the segment to gain the largest share.

The regional segmentation comprises the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further classified into major countries such as US, Canada, Germany, UK, France, China, Japan, India, GCC countries, Brazil. Due to the local involvement of big companies, North America accounted for the largest share in 2018. In addition, the lack of an effective regulatory framework to control genetic testing has increased the regional market significantly.

Some of the players included in Molecular Cytogenetics market are ARUP Laboratories, Calgary Laboratory Services, Genesis Laboratories Inc., Integrated Systems Engineering S.r.l., Neogenomics, OHSU School of Medicine-Molecular and Medical Genetics, South West Thames Regional Genetics Service, UCLA Health - UCLA Pathology and Laboratory Medicines, UW Cytogenetic Services, Virtual Scientific, Weill Cornell Medicine and WiCell Research Institute, Inc. amongst others.

The report segments global Molecular Cytogenetics market as follows:

Global Molecular Cytogenetics Market: Product Segment Analysis

  • Instruments
  • Consumables
  • Software & Services

Global Molecular Cytogenetics Market: Technique Segment Analysis

  • Genomic In Situ Hybridization (GISH)
  • Fluorescence In Situ Hybridization (FISH)
  • Comparative Genomic Hybridization (CGH)
  • Multicolor Fluorescence In Situ Hybridization
  • Array Comparative Genomic Hybridization
  • Other Molecular Cytogenetic Techniques

Global Molecular Cytogenetics Market: Application Segment Analysis

  • Genetic Disorders
  • Oncology
  • Personalized Medicine
  • Other Applications

Global Molecular Cytogenetics Market: End-user Segment Analysis

  • Clinical & Research Laboratories
  • Hospitals & Pathology Laboratories
  • Academic Research Institutes
  • Pharmaceutical and Biotechnology Companies
  • Other End-user

Global Molecular Cytogenetics Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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