Molecular Cytogenetics Market Share, Size, Growth, Opportunity and Forecast 2023-2028

Molecular Cytogenetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2623

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Market Overview 2023-2028:

The global molecular cytogenetics market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.35% during 2023-2028.

Molecular cytogenetics refers to the biomedical research of deoxyribonucleic acid (DNA) mechanisms to investigate genetic mutations and disorders. It studies the structural and functional organization of the chromosomes and their nucleus, genomic variations, expression, evolution and abnormalities, especially in medicinal and cancer-related genetics. Techniques such as DNA amplification, DNA isolation, gene screens, virtual karyotyping and fluorescence in situ hybridization (FISH) are commonly used for molecular cytogenetics by using DNA probes to visualize and label the genome or its targeted regions. These techniques are highly beneficial in the diagnosis and treatment of various malignant tumors and hematological malignancies.

The increasing prevalence of cancer and other genetic disorders, along with the rising geriatric population, is one of the key factors driving the growth of the market. Molecular cytogenetics is primarily being used for developing predictive models of disease traits and effective treatment strategies. Furthermore, the widespread adoption of targeted therapies for cancer treatment is also augmenting the market growth. FISH and Comparative Genomic Hybridization (CGH) are also used for pharmacogenomic biomarker studies to analyze cancer progression stages and provide personalized treatment to the patient. Additionally, various technological advancements, such as the development of improved consumables, reagents, software and kits, are acting as other growth-inducing factors. These advancements aid in generating duplicatable, accurate and reliable clinical-pathological test results. Other factors, including significant improvements in the healthcare infrastructure, along with extensive research and development (R&D) activities in the field of biomedical sciences, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global molecular cytogenetics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, technology, application and end user.

Breakup by Product Type:

Instruments
Consumables
Software and Services
Others

Breakup by Technology:

Comparative Genomic Hybridization
Fluorescence in SITU Hybridization (FISH)
Immunohistochemistry
Karyotyping
Others

Breakup by Application:

Genetic Disorders
Oncology
Personalized Medicine
Others

Breakup by End User:

Clinical and Research Laboratories
Hospitals and Pathology Laboratories
Pharmaceutical and Biotechnology Companies
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, Agilent Technologies Inc., Applied Spectral Imaging Inc., Biological Industries, Bio-RAD Laboratories Inc., BioView Inc., Danaher Corporation, F. Hoffmann-La Roche AG, Illumina Inc., Oxford Gene Technology, Perkinelmer Inc. and Quest Diagnostics Incorporated.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product Type, Technology, Application, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Abbott Laboratories, Agilent Technologies Inc., Applied Spectral Imaging Inc., Biological Industries, Bio-RAD Laboratories Inc., BioView Inc., Danaher Corporation, F. Hoffmann-La Roche AG, Illumina Inc., Oxford Gene Technology, Perkinelmer Inc. and Quest Diagnostics Incorporated
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global molecular cytogenetics market was valued at US$ 2.4 Billion in 2022.

We expect the global molecular cytogenetics market to exhibit a CAGR of 10.35% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to postponement of various malignant tumors and hematological malignancies diagnosis and treatment to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby limiting the demand for molecular cytogenetics.

The rising prevalence of cancer and other genetic disorders, along with the growing adoption of molecular cytogenetics for developing predictive models of disease traits and effective treatment strategies, is primarily driving the global molecular cytogenetics market.

Based on the product type, the global molecular cytogenetics market has been segmented into instruments, consumables, software and services, and others. Currently, consumables hold the majority of the total market share.

Based on the technology, the global molecular cytogenetics market can be divided into comparative genomic hybridization, Fluorescence in SITU Hybridization (FISH), immunohistochemistry, karyotyping, and others, where comparative genomic hybridization currently exhibits a clear dominance in the market.

Based on the application, the global molecular cytogenetics market has been categorized into genetic disorders, oncology, personalized medicine, and others. Currently, oncology accounts for the majority of the global market share.

Based on the end user, the global molecular cytogenetics market can be segregated into clinical and research laboratories, hospitals and pathology laboratories, pharmaceutical and biotechnology companies, and others. Among these, clinical and research laboratories hold the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global molecular cytogenetics market include Abbott Laboratories, Agilent Technologies Inc., Applied Spectral Imaging Inc., Biological Industries, Bio-RAD Laboratories Inc., BioView Inc., Danaher Corporation, F. Hoffmann-La Roche AG, Illumina Inc., Oxford Gene Technology, Perkinelmer Inc., and Quest Diagnostics Incorporated.

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