A new report
published by Transparency Market Research (TMR) is titled “Molecular
Cytogenetics Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 - 2019”. The report discusses
the primary growth drivers, market restraints, trends, and dynamics
of the global market. Additionally, it points out the strengths,
weaknesses, opportunities, and threats that the global molecular
cytogenetics market faces. According to the report, the global
molecular cytogenetics market was estimated at US$469.2 million in
2012 and is anticipated to reach US$1.9 billion in 2019, developing
at a CAGR of 23.4% between 2013 and 2019.
The global molecular
cytogenetics market is segmented on the basis of technology and
geography. The technology segment of the global molecular
cytogenetics market comprises FISH and aCGH. These techniques form
the backbone of gene discovery, gene mapping, and complex disease
trait analysis. Molecular cytogenetics enables pathologists to
understand diseases in greater detail. It enables them to make an
accurate diagnosis and prognosis of diseases related to hematological
malignancies and solid tumors at a molecular level.
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Research Report of Molecular
Cytogenetics Market :
Today the
cytogenetics field stretches from identification of chromosome
structure to assessment of structural and functional genetic
anomalies. FISH holds the largest share in the global molecular
cytogenetics market as it allows interpretation of information at a
genome level. The reason FISH enjoys such a huge share is that it
offers an accurate, speedy, sensitive, and high-resolution result.
This segment is likely to grow in the coming years due to
technological advancements such as digital imaging and enhanced
fluroscence microscopes. The FISH segment in the global molecular
cytogenetics market will also be encouraged by the increasing
investment in the field of bioinformatics and genomics. The aCGH
technique has also been gaining pace along with FISH as it offers a
higher resolution result. Analysts predict this segment will grow at
a CAGR of more than 20% in the coming few years.
Geographically, the
global molecular cytogenetics market is divided into North America,
Europe, Asia Pacific, and Rest of the World. Presently, North America
holds the largest share in the global molecular cytogenetics market,
closely followed by Europe. The growth in these regions is fueled by
increasing public awareness and a huge pool of research laboratories.
This growth can also be attributed to rising incidences of chronic
diseases such as cancer and the subsequent need for personalized
medicines.
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Analysts predict
that Asia Pacific will grow at a rapid pace in the coming few years.
Huge population base and educated public will drive this market as
well. Additionally, genetically transmitted disorders due to
consanguineous marriages in these regions will accelerate the growth
of the molecular cytogenetics market.
The global molecular
cytogenetics market consists of key players such as Agilent
Technologies Inc., Abbott Laboratories, Affymetrix, Inc., Applied
Spectral Imaging, Illumina, Inc., and Life Technologies Corporation.
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Release of Molecular
Cytogenetics Market :
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and analyze information.
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