Molecular Cytogenetics Market- Global Opportunity Analysis And Industry Forecast (2017-2022)

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Global Molecular Cytogenetics Market Size by Technique (Fluorescence In Situ Hybridization, Comparative Genomic Hybridization, In situ Hybridization, Karyotyping, and Banding Techniques), by Product (Instruments, Kits and Reagents, Software, Services, and Consumables/Accessories ), by Application (Oncology, Genetic Disorders, Personalized Medicines, and others), by End User (Pharmaceuticals and Biotechnology Companies, Clinical and Diagnostic Laboratories, and Academic Institutes) Global Opportunity Analysis and Industry Forecasts To 2022.



Global molecular cytogenetics market is expected to reach USD 2,266.4 million by 2022, supported by a CAGR of 11% during the forecast period of 2017 to 2022. The global molecular cytogenetics market is mainly driven by increasing focus on preventive healthcare measures, increasing genetic abnormalities, rising aging population and subsequent increase in various chronic diseases, growing need to reduce mounting healthcare cost, and increasing focus on clinical and research diagnosis. Moreover, increasing focus on targeted based therapies and growing predictive and presymptomatic genetic testing further provides significant opportunities in this market. However, lack of awareness about emerging diagnosis technologies, high cost of diagnosis, unfavourable reimbursement scenario, and technical limitations and complexities of the equipment inhibits the growth of the market to some extent.

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 The global molecular cytogenetics market is mainly segmented by technique (fluorescence in situ hybridization, comparative genomic hybridization, in situ hybridization, karyotyping, and banding techniques), by product (instruments, kits and reagents, software, services, and consumable/accessories ), by application (oncology, genetic disorders, personalized medicines, and other), and by end user (pharmaceuticals and biotechnological companies, clinical and diagnostic laboratories, and academic institutes). The comparative genome hybridization is further classified into an array based CGH and matrix based CGH, whereas, the karyotyping market is further segmented into Spectral Karyotyping and virtual karyotyping. Banding techniques are further classified into G banding, R banding, C banding, Q banding, and T banding.

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The leading companies have employed various strategies to expand their product and application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global molecular cytogenetics market were new product developments, acquisitions, and expansions. The key players in the global molecular cytogenetics market are Thermo Fisher Scientific, Abbott Laboratories, Agilent Technologies, PerkinElmer, Bio-Rad Laboratories, Applied Spectral Imaging, Quest Diagnostics, Roche Diagnostics, Danaher Corporation, Illumina, and Oxford Gene Technology.

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