Portland, OR, Nov. 04, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Molecular Cytogenetics Market size was estimated at $2.2 billion in 2021 and is expected to hit USD 5.2 billion by 2031, registering a CAGR of 8.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Market Size in 2031 | $5.2 Billion |
| CAGR | 8.7% |
| No. of Pages in Report | 310 |
| Segments Covered | Product, Technique, Application, End-user, and Region. |
| Drivers | Rise in number of genetic disorders such as tumors and cancer |
| Opportunities | Increase in funding for research and clinical diagnosis |
| Restraints | High cost of treatment and lack of awareness about the emerging diagnostic technologies in molecular cytogenetics |
Covid-19 scenario-
- There were several reports of the majority of hospitals operating at less than fifty percent capacity to curtail non-essential medical services.
- Hospitals were even less likely to conduct molecular cytogenetics tests, which impacted the global molecular cytogenetics market negatively. However, the market has now got back on track.
The global molecular cytogenetics market is analyzed across product, technique, application, end user, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on product, the consumables segment contributed to nearly two-thirds of the global molecular cytogenetics market revenue in 2021, and is expected to dominate by 2031. The software and services segment, on the other hand, would showcase the fastest CAGR of 9.9% throughout the forecast period.
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Based on technique, the comparative genomic hybridization segment accounted for nearly half of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 9.3% throughout the forecast period.
Based on application, the genetic disorders segment held nearly two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The personalized medicines segment, simultaneously, would portray the fastest CAGR of 10.1% throughout the forecast period.
By end-user, the clinical and research laboratories segment garnered around half of the total market revenue in 2021, and is anticipated to lead the trail by 2031. the same segment would also display the fastest CAGR of 9.4% from 2022 to 2031.
Based on region, the market across North America generated more than two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region would also showcase the fastest CAGR of 10.9% during the forecast period. The other regions studied in the report include Europe and LAMEA.
The key market players analyzed in the global molecular cytogenetics market report include Genial Genetic Solutions Ltd., Agilent Technologies Inc., Applied Spectral Imaging, Danaher Corporation (Cephied), Illumina, Inc., Perkinelmer, Inc., Cyto Test Inc., Abbott Laboratories, Sema4 Holdings Corp., Sysmex Corporation (Oxford Gene Technology), Thermo Fisher Scientific Inc., and Empire Genomics, LLC. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
