Rising Cancer Cases to boost the Molecular Cytogenetics Market Growth
Molecular Cytogenetics Market by Products (Kits & Reagents, Instruments, and Software & Services), Technique (Fluorescence in Situ Hybridization, Comparative Genomic Hybridization, Karyotyping, Other Techniques), Application (Cancer, Genetic Disorders, Other Applications), And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030
The global
Molecular Cytogenetics Market is estimated to be valued at US$ 4,211.4
million in 2023, and is expected to exhibit a CAGR of 24.5 % over the forecast
period, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Clinical cytogenetics is the examination of the relation between
chromosomal alterations and genetic disorders in human beings. Molecular
cytogenetics is an examination of genetic diseases utilizing new techniques
and methods that link cytogenetic and molecular techniques. Molecular
Cytogenetics mainly defines a huge set of the methods that function either with
the whole genome or with specific targeted DNA sequences. Topical areas consist Structural
and functional arrangement of chromosome and nucleus.
Competitive Landscape:
Key players involved in the growth of global
Molecular Cytogenetics Market are Oxford Gene Technology, F.Hoffmann-La
Roche Ltd., Abbott Laboratories, Agilent Technologies, Inc., Quest Diagnostics,
PerkinElmer Inc, Bio-Rad Laboratories, Inc., Illumina, Inc., and Thermo Fisher
Scientific.
Market Key Drivers:
Increasing number of cancer cases and genetic disorders is expected to propel
the growth of the global Molecular Cytogenetics Market. For instance, as per
WHO, around 20 million people suffer from cancer across the globe in 2023.
The technological developments in molecular
cytogenetics is anticipated to boost the growth of global Molecular
Cytogenetics Market. For instance, in October 2022, Thermo Fisher Scientific enhanced
its Applied Biosystems Chromosome Analysis Suite software by a partnership with
Genoox.
Covid-19 Impact Analysis:
The Covid-19 outbreak has significantly affected the growth of the
global Molecular Cytogenetics Market. In the pandemic the modification in
genetic substances in affected people was detected with the help of
cytogenetics. For example, as per Nature journal’s article, genetic factors
impelling COVID-19 susceptibility and severity presented new biological
insights into disease etiology and detect molecular targets for development of
treatment or medication repurposing.
Key Takeaways:
The global Molecular Cytogenetics
Market is anticipated to exhibit a CAGR of 24.5 % during the forecast
period owing to the rising approvals and product launches. For instance, in May
2022 Pfizer offered a medical approval which assists the global healthcare
community’s independent enterprises to increase patient outcomes in fields of
unmet clinical necessities that are allied with Pfizer’s medical or scientific
plans.
Among regions, North America, Europe and Asia Pacific are expected to
witness robust growth in global Molecular Cytogenetics Market due to increasing
mergers and acquisitions, increasing partnerships and collaborations and increasing
prevalence of cancer. For instance, as per the Canadian Cancer Society 2022
update, around 233,900 people in Canada were diagnosed with cancer.
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