Cytogenetics techniques are changing from black and white to
color. Traditional black and white techniques were associated with the
difficulty of resolution and accuracy that were overcome with the introduction
of FISH and aCGH. Molecular cytogenetic techniques such as FISH and aCGH are
used for identifying complex chromosomal rearrangements.
Statistics:
The global Molecular
Cytogenetics Market is estimated to account for US$ 1,970.8 Mn in terms of
value by the end of 2019.
Global Molecular Cytogenetics Market: Drivers
Approval and launch of new products is expected to propel
growth of the global molecular cytogenetics market over the forecast period.
For instance, in January 2019, Applied Spectral Imaging launched updated
products portfolio that included a new imaging methodology that is based on an
all-new algorithm coupled with advanced hardware components to increase the
scanning speed for fluorescence in situ hybridization (FISH) imaging.
Global Molecular Cytogenetics Market: Opportunities
Advent in Next Generation Sequencing (NGS) is expected to
offer lucrative growth opportunities for players in the global molecular
cytogenetics market. For instance, in October 2019, Illumina, Inc. partnered
with QIAGEN N.V. to broaden the availability and use of NGS-based in-vitro
diagnostic kits, including companion diagnostics, for patient management.
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Global Molecular Cytogenetics
Market: Restraints
Low adoption of molecular
cytogenetics in emerging economies is expected to hinder growth of global
molecular cytogenetics market.
Key Takeaways:
The global molecular cytogenetics
market was valued at US$ 1,970.8 Mn in 2019 and is forecast to reach a value of
US$ 11,129.1 Mn by 2027 at a CAGR of 24.2% between 2020 and 2027. Approval and
launch of new products is expected to propel growth of the global molecular
cytogenetics market over the forecast period.
aCGH segment held dominant
position in the global molecular cytogenetics market in 2019, accounting for
64.0% share in terms of value, increasing prevalence of cancer is expected to
propel the segment growth during the forecast period.
Market Trends
High prevalence of genetic
disorders is expected to propel growth of the global molecular cytogenetics market.
For instance, according to Summary of the Cystic Fibrosis Foundation Patient
Registry, 2003–2018, the number of people with cystic fibrosis increased from
21,421 in 2003 to 30,775 in 2018.
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Major players in the global
molecular cytogenetics market are focused on adopting partnership strategies to
enhance their market share. For instance, in April 2018, Precipio, Inc., a
specialty diagnostics company, announced that the company is in active
licensing discussions with several potential partners regarding IV-Cell,
Precipio’s proprietary cytogenetics media.
Global Molecular Cytogenetics
Market: Competitive Landscape
Major players operating in the
global molecular cytogenetics market include, Abbott Laboratories, Affymetrix,
Inc., Agilent Technologies, Inc., Applied Spectral Imaging, Inc., BI Biological
Industries, Bio-Rad Laboratories, CytoTest Inc., Cytognomix, Inc., F.
Hoffmann-La Roche Ltd., Illumina Inc., Bionano Genomics, Inc., Precipio, Inc.,
and Leica Biosystems.
Global Molecular Cytogenetics
Market: Key Developments
Major players in the global
molecular cytogenetics market are focused on launching new products to expand
their product portfolio. For instance, in March 2019, Bionano Genomics, Inc.
launched multiple new products and advancements for its Saphyr workflow that
massively improve throughput, significantly speed up sample prep and allow for
the detection of low-allele frequency structural variants at the 2019 Advances
in Genome Biology and Technology (AGBT) meeting.
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