The research report “Global Cytogenetics Market: By Product Type (Consumables, Testing Kits, Media & Reagents, Probes, Instruments, Software & Services and Others(Affinity Reagents and Stains)), By Technique (Comparative Genomic Hybridization, Fluorescence in Situ Hybridization, Karyotyping, Immunohistochemistry and Others), By Application (Cancer, Genetic Disorders, Personalized Medicine and Others), By End User (Academic Research Institutes, Clinical & Research Laboratories, Pharmaceutical & Biotechnology Companies and Others) and Geography – Global/Region/Country Forecast to 2027″, The Global Cytogenetics Market was valued at US$ 1.94 Bn in the year 2020 and is anticipated to grow US$ 4 Bn by 2027 at CAGR of 10.9% over the forecast years 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Cytogenetics Market: By Product Type (Consumables, Testing Kits, Media & Reagents, Probes, Instruments, Software & Services and Others(Affinity Reagents and Stains)), By Technique (Comparative Genomic Hybridization, Fluorescence in Situ Hybridization, Karyotyping, Immunohistochemistry and Others), By Application (Cancer, Genetic Disorders, Personalized Medicine and Others), By End User (Academic Research Institutes, Clinical & Research Laboratories, Pharmaceutical & Biotechnology Companies and Others) and Geography- Global/Region/Country Forecast to 2027″,
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Increasing cases of genetic Disorders Fuel the Cytogenetic Market Growth
Cytogenetics is the in-detail study of chromosomes in one’s body to identify and treat genetic disorders. The Global Cytogenetics Market will experience high CAGR rate because of the growing aged population and increasing cases of genetic disorders like sickle cell anemia, cystic fibrosis, cancer and Down’s syndrome. Both of these factors are driving the market growth. Furthermore, technological advancement for new improvements in medical segment and growing demand for best quality medical treatment fuelling the market growth, On the other hand, there are a few factors that can hamper the cytogenetics market growth such as high pricing of treatment, lack of trained exerts, high capital costs involved in funding and investment and difficulty in accuracy.
Because of excellent development of cytogenetics market in the medical segments along with novel innovations and huge array of techniques such as fluorescence in comparative genomic hybridization, situ hybridization and karyotyping are used for testing of cancer as well as genetic abnormalities. Exact chromosomes in both the tissues and cells are identified through cytogenetics. Accurate results will help greatly to study and identify various genetic disorders. Hence, it becomes easy to perform the right diagnosis and targeted treatments. Key factors enhancing the growth of cytogenetics market are increasing disposable earnings, technological developments and thorough research and advancement in the medical science. Global Cytogenetics Market is surging due to the novel launchings and recurrent acquisitions by the industry players.
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North America Witnessed Large Market Revenue Share in Global Cytogenetics Market
North America dominated the market and obtained huge market revenue share witnessing significant CAGR. Cytogenetics market is growing in the region and particularly in emerging countries of this region such as Canada and U.S because of the growing use of cytogenetics in various treatments as well as diagnosis processes. A few other factors that greatly affect the market growth in the North America are availability of skilled experts, growing economy and huge investments. Skilled professionals, government focus on public healthcare, increasing population and disposable earnings are the factors to drive the market growth in Asia Pacific.
Competitive Assessment
Key players working in Global Cytogenetics Market are Abbott Laboratories, Empire Genomics, LLC., Agilent Technologies, Inc., Illumina, Inc., PerkinElmer Inc., Irvine Scientific., OPKO Health, Inc. (GeneDx.), Thermo Fisher Scientific, Inc., Sysmex Corporation (Oxford Gene Technology), Bio-Rad Laboratories, Inc., Hoffmann-La Roche Ltd., MetaSystems, Danaher Corporation, Quest Diagnostics Inc. and NeoGenomics Inc.
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