According to a new report published by Allied Market Research, titled, Cytogenetics Market, By Product, Technique, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025,” the market was valued at $1,121 million in 2017, and is projected to reach $3,097 million in 2025, registering a CAGR of 13.5% from 2018 to 2025.
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Cytogenetics is a branch of biology, which correlates cytology and genetics. The correlation is used to study chromosomes and genes in cells and tissues. The study is conducted in relation to hereditary and variations in genes and number of chromosomes, which are used for the detection of genetic disorders as well as selection of precise therapies for treatment of these genetic disorders. Cytogenetics includes various techniques such as comparative genomic hybridization, fluorescence in situ hybridization, karyotyping, immunohistochemistry, and others. These techniques require the use of cytogenetic products such as testing kits, media, and reagents; probes; consumables; instruments; and software & services. These product and techniques are used for the screening of genetic disorders and designing personal medicine.
Cytogenetics is a diverse field of genetics extensively employed for the study of chromosomes. The study of chromosomes help in the detection of genetic disorders arising due to chromosomal abnormalities. Thus, cytogenetics is applied for screening of genetic disorders such as cancer, cystic fibrosis, sickle cell anemia, and others. The growth of cytogenetics market is propelled by rise in incidence of cancer and genetic disorders. Furthermore, increase in awareness & acceptance of personalized medicines, growth in penetration of molecular cytogenetics in clinical pathological testing, and rise in focus on targeted cancer treatment are the key factors anticipated to boost the market growth in the near future.
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Major Key Players In This Report:
The key players of this market include Abbott Laboratories, Agilent Technologies, Inc., Applied Spectral Imaging, Inc., Empire Genomics, LLC., Illumina, Inc., Irvine Scientific., OPKO Health, Inc. (GeneDx.), PerkinElmer Inc., Sysmex Corporation (Oxford Gene Technology), and Thermo Fisher Scientific, Inc. Other players (these players are not profiled in the report and the same can be included on request) in the value chain include Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., and MetaSystems.
Key findings of the Cytogenetics Market:
- The testing kits, media, and reagents segment accounted for approximately three-fourths share of the global cytogenetics consumables market in 2017.
- The comparative genomic hybridization segment is expected to grow at a CAGR of 10.5% from 2018 to 2025.
- North America accounted for the majority of the share of the global market revenue in 2017.
- Asia-Pacific is expected to provide lucrative market growth opportunities, registering a CAGR of 12.1% from 2018 to 2025.
North America was the leading revenue contributor to the global cytogenetics market in 2017, and is expected to dominate the market during the forecast period. This is attributed to the presence of majority of major key players in this region. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to increase in affordability, surge in healthcare expenditure, and rise in awareness towards early screening of genetic disorders.
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