Molecular cytogenetics refers to the study of chromosomal structures with use of molecular techniques. The technique provides a combination of both molecular and cytological approach to research and diagnosis. Molecular cytogenetics is being considered as an indispensable tool for the diagnosis and research of numerous chromosomal aberrations.
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Growing Prevalence of Diseases to Shape Global Molecular Diagnostic Market
1. Molecular Cytogenetics Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast upto 2019
A new Transparency Market Research report states that the global
molecular cytogenetics market was valued at US$0.4 bn in 2012 and is
expected to reach US$1.9 bn by the end of 2019, by expanding at an
astounding 23.40% CAGR between 2013 and 2019. The title of the
report is “Molecular Cytogenetics Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019.”
Molecular cytogenetics is the study of chromosomal structures by using
molecular techniques. It is an indispensable tool utilized for the research
and diagnosis of various chromosomal aberrations. Molecular
techniques provide a combination of cytological and molecular
approaches for diagnosis and research. These techniques are preferred
over the conventionally utilized banding techniques owing to the fact
that conventional techniques present low resolution level and may
escape the detection of copy number variations.
As stated in the report, the rising occurrence of cancer globally and the
introduction of advanced and modern technologies for molecular
cytogenesis have propelled the growth of the market. On the other hand,
the absence of transparency and widespread availability of medical
reimbursement policies may impede the growth of the market in the
coming years.
2. On the basis of technology, the report segments the market for molecular
cytogenetics into array-comparative genomic hybridization (aCGH) and
fluorescence in situ hybridization (FISH).
Browse Full Research Report on Molecular Cytogenetics Market:
http://www.transparencymarketresearch.com/molecular-diagnostics-
market.html
Amongst these, the aCGH technique has gained more demand than the
FISH technique due to its high-resolution results and accurate analysis
as compared to other conventional banding techniques. This segment is
predicted to rise at a CAGR of over 20% from 2013 to 2019 and is
poised to dominate the market on the basis of demand.
On the other hand, the segment of FISH also holds a dominant share in
the market; the technology has been utilized since the past many years
for identifying numerous diseases and for suggesting suitable treatment
options. In addition, this technique is also backed by the ongoing
advancements within the field of bioinformatics and genomics.
FISH has emerged as a key tool for disease validation and thus is
increasingly utilized in hospitals and laboratories. By application, the
report segments the market into cancer, genetic disorders, personalized
medicines, and others including infectious, cardiovascular, and
neurological diseases.
By geography, the report segments the molecular cytogenetics market
into Asia Pacific, North America, Europe, and Rest of the World (RoW).
3. Amongst these, the North America molecular cytogenetics market held
the largest share in 2012 and was trailed by Europe. The growth of the
market in these two regions is fuelled by factors such as the increasing
awareness amongst people about molecular cytogenetics and the
growing count of research laboratories within these regions.
In addition, the advancement of personalized medicines and the
increasing occurrence of cancer in these two regions will also augment
the growth of the market here. On the other hand, Asia Pacific is
predicted to emerge as the most swiftly developing market in the
forecast horizon due to the increasing population base within this region.
According to the report, the prime players operating in the market for
molecular cytogenetics are Abbott Laboratories, Agilent Technologies,
Inc., Oxford Gene Technology, Illumina, Inc., and Bio-Rad Laboratories,
among others.
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