Molecular Cytogenetics Market Updates : Projected to Surpass USD 5.2 Billion by 2031; Driven By Rise in Approval Rate of the Diagnostic Procedures Related to the Molecular Cytogenetics in Developing Regions
According to a new report published by Allied Market Research, titled, “Molecular Cytogenetics Market,” The molecular cytogenetics market size was valued at $2.2 billion in 2021, and is estimated to reach $5.2 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031.
– CAGR: 8.7%
• Current Market Size: USD 2.2 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021 – 2031
• Base Year: 2021
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 Molecular Cytogenetics 𝐌𝐚𝐫𝐤𝐞𝐭?
As per the World Health Organization (WHO), approximately 2%-5% of all live births are affected by genetic disorders and congenital abnormalities, contributing to up to 30% of pediatric hospital admissions in industrialized countries. The substantial prevalence and considerable economic impact of genetic disorders and cancer, coupled with the escalating healthcare expenditure, have resulted in a heightened adoption of molecular cytogenetic products. These products find widespread utilization in various organizations, including clinical and research laboratories, academic research institutes, pharmaceutical and biotechnology companies, contract research organizations, and other relevant entities.
𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝑪𝒐𝒑𝒚 𝒐𝒇 𝑹𝒆𝒑𝒐𝒓𝒕-https://www.alliedmarketresearch.com/request-sample/12663
Moreover, the expansion in approval rates for diagnostic procedures linked to molecular cytogenetics in developing regions, a heightened prevalence of congenital abnormalities, increased emphasis from government organizations on funding research, and a rising awareness regarding diagnosis and treatment options are propelling the growth of trends in the molecular cytogenetics market. The market’s expansion is further expected to be fueled by the introduction of advanced diagnostic technologies by biotechnology firms, a growing demand for precise diagnosis of severe cancer diseases, and the presence of skilled personnel and trained pathologists in developed nations.
Nevertheless, the molecular cytogenetics industry is poised to face significant constraints in the foreseeable future, primarily due to the elevated costs associated with equipment and technologies, posing challenges for both products and services in this sector.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (310+ 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/molecular-cytogenetics-market/purchase-options
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the molecular cytogenetics market analysis from 2021 to 2031 to identify the prevailing molecular cytogenetics market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the molecular cytogenetics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global molecular cytogenetics market trends, key players, market segments, application areas, and market growth strategies.
KEY FINDINGS OF THE STUDY
- By product, the consumables segment was the highest contributor to the market in 2021.
- By technique, the comparative genomic hybridization segment was the highest contributor to the market in 2021, and is expected to continue this trend during the forecast period.
- By application, the genetic disorders segment was the highest contributor to the market in 2021, and on the other hand the personalized medicines segment is expected to grow with a highest CAGR during the forecast period.
- Depending on end user, the clinical and research laboratories segment was highest contributor in 2021 and is expected to grow at the fastest CAGR during the forecast period.
- Region wise, North America holds the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
𝐃𝐨 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/12663
Molecular Cytogenetics Market Report Highlights
AspectsDetails| Market Size By 2031 | USD 5.2 billion |
| Growth Rate | CAGR of 8.7% |
| Forecast period | 2021 – 2031 |
| Report Pages | 310 |
| By Product |
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| By Technique |
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| By Application |
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| By End User |
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| By Region |
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Key Market Players
- PerkinElmer, Inc.
- Empire Genomics, LLC.
- Sema4 Holdings Corp.
- Thermo Fisher Scientific Inc.
- Danaher Corporation (Cepheid)
- Applied Spectral Imaging
- Cyto Test Inc.
- Illumina, Inc.
- Sysmex Corporation (Oxford Gene Technology)
- Agilent Technologies Inc.
- Genial Genetic Solutions Ltd.
- Abbott Laboratories
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