Molecular Cytogenetics Market Size
|2019 - 2029
|Base Year For Estimation
|Forecast Data Period
|2024 - 2029
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
Need a report that reflects how COVID-19 has impacted this market and its growth?
Molecular Cytogenetics Market Analysis
The molecular cytogenetics market is expected to register a CAGR of 7.5% over the forecast period.
COVID-19 had a significant impact on the molecular cytogenetics market. During the pandemic, the alternation in genetic materials in affected persons was identified through the help of cytogenetics. For instance, as per the article published in July 2021 in Nature journal, genetic factors influencing COVID-19 susceptibility and severity offered new biological insights into disease etiology and identify molecular targets for therapeutic development or medication repurposing. In the current situation, as the restrictions are lifted the market is expected to witness growth in the coming years due to the rise in utilization of cytogenetic research studies and the increase in the genetic disease population.
The growing prevalence of cancer and genetic disorders directly impacts the increased demand for the molecular cytogenetic market. For instance, as per the American Cancer Society, 1.9 million people are estimated to be diagnosed with cancer in the United States in 2022. Cancer cytogenetics not only gives important information to help with the treatment of cancer patients but also serves as a guide to finding the genes that cause these neoplastic states, which has stimulated the development of molecularly targeted therapies in the area of personalized medicine. Thus, the rise in cancer cases is anticipated to increase market growth over the forecast period.
Furthermore, the genetic data accumulated each day are closely associated with the diagnosis and prognosis of neoplasm, thus widening the scope of cancer cytogenetics in various practices. Molecular cytogenetics has numerous applications in a number of genetic diseases such as Down syndrome, Edwards' syndrome, Patau syndrome, and Turner syndrome. For instance, as per the article published in March 2022 in Molecular Cytogenetics journal, the researchers reported a rare mosaic X-ring chromosome in a patient with Turner syndrome that had highly variable phenotypes through the cytogenetic microarray experiment. The researchers identified the phenotype in terms of clinical symptoms, ultrasound diagnosis, and cytogenetics, of the patient with a rare genotype and Turner syndrome. Thus, such studies utilizing the application of cytogenetics are expected to drive market growth over the forecast period. Similarly, as per the article published in July 2022 in PubMed, the researchers strongly emphasized the importance of cytogenetic study complemented with molecular cytogenetic study and karyotype-phenotype correlations in patients with Turner Syndrome to obtain information regarding the genotype-phenotype correlations related to the X chromosome. Thus, with the increase in the utilization of molecular cytogenetics in identifying the phenotypes in different genetic diseases, the demand for molecular cytogenetics is expected to register a significant rise in the forecast years.
Furthermore, technological advancements in the field of molecular cytogenetics are expected to drive market growth over the forecast period. For instance, in October 2022, Thermo Fisher Scientific upgraded its Applied Biosystems Chromosome Analysis Suite (ChAS) software through a collaboration with Genoox, a community-driven genomic data company. ChAS users will be able to access Genoox's cloud-based AI platform, Franklin, with the launch of CytoScan Automated Interpretation and Reporting (AIR) solution, making cytogenetic research data analysis easier.
Hence, due to the rise in cancer and genetic disease, and the increase in studies associated with molecular cytogenetics, the studied market is anticipated to witness growth over the forecast period. However, the high cost of treatment and lack of awareness about the emerging diagnostic technologies in cytogenetics are likely to restrain the market growth over the study period.
Molecular Cytogenetics Market Trends
This section covers the major market trends shaping the Molecular Cytogenetics Market according to our research experts:
Cancer Segment is Expected to Show Better Growth Over the Forecast Period
Molecular cytogenetics has played an important role in the rapid and precise characterization of cancer chromosome abnormalities. Oncology deals with the diagnosis and treatment of tumors and cancers. For instance, as per the Cancer Australia 2022 update, in 2022, it was estimated that 162,163 new cases of cancer were likely to be diagnosed in Australia (88,982 males and 73,181 females). Hence, a high prevalence of cancer is anticipated to utilize molecular cytogenetic tests to identify the severity, which thereby rises the segment growth over the forecast period.
Furthermore, as per the article published in March 2021 in PubMed, the Fluorescence in-situ hybridization (FISH) study has emerged as an indispensable tool for both basic and clinical research, as well as diagnostics, in leukemia and cancers. Chromosome abnormalities can be found via FISH by using fluorescently labeled DNA probes that target particular DNA sequences. Due to their ability to resolve complicated karyotypic abnormalities and perform a complete global scan for chromosomal imbalances, FISH-based procedures including multicolor karyotyping, comparative genomic hybridization (CGH), and array CGH have been used in growing clinical applications.
Moreover, workshops and seminars relating to cancer cytogenetics across the globe to advance cancer treatments are anticipated to boost market growth over the forecast period. For instance, European Cytogeneticists Association is planning to organize the '10th International Workshop on Cancer Genetic & Cytogenetic Diagnostics' in March 2023 focusing on all aspects concerning cancer cytogenetics in a diagnostic setting.
Hence, due to the surge in the different types of cancers, the increase in studies associated with molecular cytogenetics, and the rise in strategic alliances by the key players. the studied segment is anticipated to witness growth in the market over the forecast period.
North America is Expected to Hold a Significant Share in the Molecular Cytogenetics Market Over the Forecast Period
The molecular cytogenetics market is anticipated to witness significant growth in the North America region due to better healthcare infrastructure, effective government policies, a huge base of multinational companies, and a rise in genetic diseases. For instance, the Indiana Health Coverage Program module published in May 2022 covers chromosomal microarray analysis (CMA), also known as cytogenetic microarray analysis, when it is determined to be medically necessary for diagnosing a genetic abnormality in children with apparent nonsyndromic cognitive developmental delay/intellectual delay (DD/ID) or autism spectrum disorder (ASD), according to the latest accepted Diagnostic and Statistical Manual of Mental Disorders (DSM) guidelines.
Furthermore, as per the Canadian Cancer Society 2022 update, the estimated number of people diagnosed with cancer in 2022 was 233,900 in Canada. Breast, prostate, and colorectal cancers are the most prevalent cancers. Combined, they account for almost half of all prevalent cases. Thus, the high prevalence of cancer cases utilizes the applications offered by molecular cytogenetics in the North America region, which is therefore expected to drive the studied market over the forecast period.
Furthermore, in May 2022 Pfizer provided a medical grant which supports the global healthcare community's independent initiatives (e.g., research, quality improvement, or education) to improve patient outcomes in areas of unmet medical need that are aligned with Pfizer's medical and/or scientific strategies. The grant focused on the geographic scope of Canada and the grant was given for the study titled 'Improving Cytogenetic Testing & Treatment Guidance in Adult AML'.
Hence, due to the better healthcare infrastructure and surge in research funding in molecular cytogenetics, and the rise in strategic alliances by the key players, North America is anticipated to hold a significant share of the market over the forecast period.
Molecular Cytogenetics Industry Overview
The molecular cytogenetics market is moderately competitive in nature. The global players in the molecular cytogenetics market are Abbott Laboratories, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F.Hoffmann-La Roche Ltd., Illumina, Inc., Oxford Gene Technology, PerkinElmer Inc, Quest Diagnostics and Thermo Fisher Scientific.
Molecular Cytogenetics Market Leaders
Agilent Technologies, Inc.
Bio-Rad Laboratories, Inc.
F.Hoffmann-La Roche Ltd.
Thermo Fisher Scientific
*Disclaimer: Major Players sorted in no particular order
Molecular Cytogenetics Market News
- In September 2022, the Azerbaijan Thalassemia Center and BGI held a virtual signing ceremony to seal a Collaboration Agreement. The partnership aims to improve thalassemia screening in Azerbaijan through genetic technology.
- In March 2022, Illumina, Inc. launched TruSight Oncology (TSO) Comprehensive (EU), a single test that assesses multiple tumor genes and biomarkers to reveal the specific molecular profile of a patient's cancer. With its global launch first taking place in Europe, the in vitro diagnostic (IVD) kit will help inform precision medicine decisions for cancer patients across the continent.
Molecular Cytogenetics Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Prevalence of Cancer and Genetic Disorders
4.2.2 Increasing Focus on Targeted Therapies for Cancer Treatment
4.2.3 Rise in Funding for Research and Clinical Diagnosis
4.3 Market Restraints
4.3.1 High Cost of Treatment
4.3.2 Lack of Awareness about the Emerging Diagnostic Technologies in Cytogenetics
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Products
5.1.2 Kits & Reagents
5.1.3 Software & Services
5.2 By Technique
5.2.1 Fluorescence in Situ Hybridization
5.2.2 Comparative Genomic Hybridization
5.2.4 Other Techniques
5.3 By Application
5.3.2 Genetic Disorders
5.3.3 Other Applications
5.4.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.4.4 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
5.4.5 South America
188.8.131.52 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Agilent Technologies, Inc.
6.1.3 Bio-Rad Laboratories, Inc.
6.1.4 F.Hoffmann-La Roche Ltd.
6.1.5 Illumina, Inc.
6.1.6 Oxford Gene Technology
6.1.7 PerkinElmer, Inc.
6.1.8 Quest Diagnostics
6.1.9 Thermo Fisher Scientific
6.1.10 Empire Genomics
6.1.11 Genial Genetic Solutions Ltd
6.1.12 CytoTest Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Molecular Cytogenetics Market Research FAQs
What is the current Molecular Cytogenetics Market size?
The Molecular Cytogenetics Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Molecular Cytogenetics Market?
Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F.Hoffmann-La Roche Ltd., PerkinElmer, Inc. and Thermo Fisher Scientific are the major companies operating in the Molecular Cytogenetics Market.
Which is the fastest growing region in Molecular Cytogenetics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Molecular Cytogenetics Market?
In 2024, the North America accounts for the largest market share in Molecular Cytogenetics Market.
What years does this Molecular Cytogenetics Market cover?
The report covers the Molecular Cytogenetics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Molecular Cytogenetics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Molecular Cytogenetics Industry Report
Statistics for the 2024 Molecular Cytogenetics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Molecular Cytogenetics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.