Molecular cytogenetics is a method for studying chromosomal structure to identify normal and cancer cells. It helps diagnose and treat various cancers, including those in blood, brain, and other areas. This field examines changes in chromosomes and DNA at a detailed level during all cell cycle stages. Techniques used include karyotyping, fluorescence in situ hybridization (FISH), comparative genomic hybridization (CGH), and array comparative genomic hybridization (aCGH).
According to SPER market research, ‘Global Molecular Cytogenetics Market Size- By Application, By Technology, By Product, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Molecular Cytogenetics Market is predicted to reach 2.48 billion by 2034 with a CAGR of 10.85%.
Drivers:
The increasing amount of genomic data and the rise of multi-omics data, along with new bioinformatics tools and algorithms, are boosting the need for molecular cytogenetics. These tools help manage, analyze, and interpret data, revealing important links between genetic changes and diseases. The growing genomic data is expected to drive the molecular cytogenetics market forward. Additionally, the rise in rare infections will also increase market demand. Companies are creating new molecular cytogenetics tools to improve patient care and outcomes.
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Restraints:
The instruments necessary for cytogenetics are expensive due to the incorporation of new technologies and features. Furthermore, there are continuous expenses for maintenance and insurance. A molecular diagnostic device typically costs between USD 10,000 and USD 20,000. Because of their expensive costs, smaller enterprises and research institutes with limited R&D resources find it difficult to buy or develop such pricey equipment. Another key challenge is the intricate nature of producing kits, reagents, probes, and instruments. The development process for cytogenetics products is extremely complex and expensive, requiring significant investments, technical expertise, clinical trial skill, adherence to scientific standards, and strong quality systems.
North America will be a major contributor in the molecular cytogenetics sector by 2024, with the largest market share. The region's robust R&D infrastructure has permitted the rapid adoption of cutting-edge methodologies and platforms. Furthermore, North America is home to a number of significant corporations in this industry, each with extensive knowledge, resources, and well-established distribution networks, which contribute to the region's market supremacy. Furthermore, chronic illnesses have a considerable impact on the regional healthcare system, which drives market expansion. Some of the key market players are BIOVIEW, Danaher, MetaSystems, Agilent Technologies, Inc, Abbott, Bio-Rad Laboratories, Inc, and others.
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