Cytogenetic Systems Market Is Expected To Rise At A CAGR Of 11.0% | Market.us
Page Contents
Market Overview
Published Via 11Press: Cytogenetic systems refer to the techniques and technologies employed for studying the structure and function of chromosomes, as well as any abnormalities they may contain. The market for cytogenetic systems is being driven primarily by an increase in genetic disorders, demand for personalized medicine, and technological advances within these systems.
The cytogenetic systems market entails the application of various technologies and techniques for studying chromosomes and their abnormalities. It includes products such as instruments, reagents, software, and services used in research, diagnostics, and drug discovery. According to Market.us' report in 2022, the global cytogenetic systems market was valued at USD 1.69 billion with an expected compound annual growth rate (CAGR) of 11.0% from 2022-2032 due to rising genetic disorders prevalence rates, rising geriatric population numbers, and growing demand for personalized medicine are factors driving market expansion.
The market is classified into several categories based on technology, application, end-user, and region. FISH technology held the majority share in 2020 due to its high sensitivity and specificity when detecting genetic abnormalities. Other technologies in this space include comparative genomic hybridization (CGH), karyotyping, polymerase chain reaction (PCR), and next-generation sequencing (NGS).
In terms of applications, the market is divided into research, diagnostics, and drug discovery. In 2022, research held the majority share due to the growing demand for genetic studies and advancements in cytogenetic systems. Meanwhile, diagnostics is forecasted to experience the highest compound annual growth rate from 2022-2032 due to an increasing prevalence of genetic disorders.
By end-user, the market is divided into academic and research institutes, clinical laboratories, as well as pharmaceutical and biotechnology companies. In 2022, academic and research institutes held the majority of the market share due to rising research activities in genetics and genomics. Furthermore, clinical laboratories are expected to experience the highest compound annual growth rate from 2022-2032 due to rising demand for genetic testing and diagnosis services.
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Key Takeaways
- The cytogenetic systems market expected to reach USD 1.69 Billion in 2022.
- Forecasted compound annual growth rates between 2022 and 2032 is 11%.
- By 2032, the cytogenetic systems market is projected to reach USD 4.8 Billion.
- The global cytogenetic systems market is forecast to experience significant growth over the forecast period.
- This growth is being fuelled by an increase in genetic disorders, demand for personalized medicine, and technological advancements within cytogenetic systems.
- Fluorescence in situ hybridization (FISH) is the most widely employed technology for cytogenetic systems, followed by comparative genomic hybridization (CGH). North America accounts for the largest market for these systems, followed by Europe and Asia Pacific.
Regional Snapshot
North America leads the cytogenetic systems market due to its high prevalence of genetic disorders, rising healthcare expenditure, and well-established healthcare infrastructure. Europe follows closely behind with an increasing focus on research and development activities as well as growing awareness about personalized medicine. Furthermore, the Asia Pacific region is expected to experience significant growth in this space due to an increasing prevalence of genetic disorders and improving healthcare infrastructure.
Drivers
Genetic disorders are becoming more commonplace, driving demand for personalized medicine and technological advances in cytogenetic systems. Furthermore, healthcare expenditure has grown substantially as a result of rising awareness about genetic disorders.
Restraints
The major restraints on the cytogenetic systems market include:
- High cost of cytogenetic systems
- Lack of skilled professionals
- Ethical and legal concerns related to genetic testing and diagnosis
Opportunities
- Growing demand for personalized medicine and targeted therapies is driving the cytogenetic systems market.
- Furthermore, with the rising incidence of genetic disorders and cancer, advanced cytogenetic systems will become even more necessary.
- Recent advances in technologies such as next-generation sequencing (NGS) and high-resolution imaging are increasing the accuracy and efficiency of cytogenetic testing.
- Government initiatives and funding for research in genomics and proteomics are expected to drive the growth of the cytogenetic systems market.
Challenges
- High costs associated with cytogenetic systems are prohibiting their adoption in low and middle-income countries.
- A shortage of skilled personnel poses a major obstacle to the growth of this market.
- Ethical and legal obstacles related to genetic testing as well as privacy worries are impeding the growth of this market.
- A major issue facing this industry is a lack of standardization in cytogenetic testing protocols and data interpretation.
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Recent Developments
- On January 2021, Thermo Fisher Scientific released their Ion AmpliSeq(tm) HDx Enrichment and Library Kits, designed to increase accuracy and efficiency when performing NGS-based cytogenetic testing.
- In November 2020, PerkinElmer acquired Horizon Discovery – a leader in cell engineering and gene editing solutions – to expand its services within the cytogenetic systems market.
- In October 2020, Illumina unveiled their next-generation sequencing (NGS)-based cytogenetic solution – the NextSeq(tm) 2000 System – for high throughput NGS-based cytogenetic testing.
- In September 2020, Agilent Technologies unveiled their SureScan(tm) Dx Microarray Scanner, designed for high-throughput cytogenetic testing.
Key Market Segments
Type
- Fluorescence in Situ Hybridization
- Comparative Genomic Hybridization
- Flow Cytometry
- Multiplex-Fluorescence in Situ Hybridization
Application
- Neoplastic Diseases
- Genetic Disorders
- Personalized Medicine
Key Market Players
- Genial Genetics
- MetaSystems
- Cytocell
- Applied Spectral Imaging
- PerkinElmer
- Abbott Laboratories
- ADS Biotec
- Laboratory Imaging s.r.o
- Agilent Technologies
- Leica Biosystems Nussloch GmbH
- Irvine Scientific
- Bio-Rad Laboratories
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Report Scope
| Report Attribute | Details |
| The market size value in 2022 | USD 1.69 Bn |
| Revenue forecast by 2032 | USD 4.80 Bn |
| Growth Rate | CAGR Of 11.0% |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World |
| Historical Years | 2017-2022 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Short-Term Projection Year | 2028 |
| Long-Term Projected Year | 2032 |
Market Overview
Q: What is Cytogenetics?
A: Cytogenetics is the study of chromosomes, their structure, function, and abnormalities.
Q: What is a Cytogenetic System?
A: A Cytogenetic system is an ensemble of instruments, reagents, and software used for studying chromosomes and genetic material.
Q: What are some applications of cytogenetic systems?
A: Cytogenetic systems have many uses, such as prenatal testing, cancer diagnosis and treatment, genetic disease diagnosis, and research.
Q: What types of cytogenetic testing are available?
A: Cytogenetic tests include karyotyping, fluorescent in situ hybridization (FISH), comparative genomic hybridization (CGH), and next-generation sequencing (NGS).
Q: What are some of the advantages of cytogenetic testing?
A: Cytogenetic testing can assist in diagnosing genetic disorders and cancer, making treatment decisions, and identifying potential risks associated with inherited diseases.
Q: How is Cytogenetic Testing Performed?
A: Cytogenetic testing typically begins with a sample of cells such as blood or tissue which are then cultured and ready for analysis using various techniques like microscopy, FISH, or NGS.
Q: What are some of the challenges associated with cytogenetic testing?
A: Cytogenetic testing presents many difficulties, such as high costs and lack of skilled professionals; ethical and legal concerns surrounding genetic testing; lack of standardization in testing protocols and data interpretation – to name a few.
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