Molecular Cytogenetics Market to reach at an estimated value of USD 1.9 billion in 2019. The molecular cytogenetics market has grown from $469.2 million in 2012 to an estimated $1.9 billion in 2019 due to the success of techniques such as fluorescence in situ hybridization (FISH) and array comparative genomic hybridization (aCGH). The research report scrutinizes the global market and provides a quantitative and qualitative analysis on the various segments. According to a recent study published by Transparency Market Research (TMR), the global molecular diagnostics market is anticipated to expand at a CAGR of 11.1% during the period from 2013 to 2019 to reach a value of US$8.7 billion by the end of the forecast period.The market study, titled “Molecular Diagnostics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, states that the rising geriatric population and the increasing prevalence of chronic diseases around the world is driving the growth of the molecular diagnostics market all over the world.The study determines that the next generation sequencing market is emerging as the fastest growing technological segment of the global molecular diagnostics industry, reporting rapid growth. The brisk turnaround time of the next generation sequencing technique has helped it gain momentum. The cost reduction of sequencing has also added to the growth of this market segment. In addition to this, the PCR market segment, which had dominated the global molecular diagnostics market in 2012, is projected to lose ground on account of the regular advancement in high yield sequencing technologies. Request a Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1185 The breakthrough in the molecular cytogenetics technologies such FISH and aCGH are providing new dimensions to the areas of research and molecular diagnostics. These techniques are considered as invaluable tool for gene mapping, gene discovery and complex disease trait analysis. Molecular cytogenetics facilitates diagnosis and prognosis of diseases associated with hematological malignancies and solid tumors at molecular level. Likewise, alongwith diagnosis and prognosis of tumors, the technique is facilitating the practice of personalized medicines. The global molecular cytogenetics market was valued at USD 469.2 million in 2012 and is expected to grow at a CAGR of 23.4% from 2013 to 2019 to reach at an estimated value of USD 1.9 billion in 2019. Browse Report: http://www.transparencymarketresearch.com/molecular-diagnostics-market.html aCGH technique is rapidly growing with a CAGR of more than 20% and is poised to lead the market in the future. aCGH technique is a high resolution tool and its uniqueness lies in performing thousands of experiments in one array. aCGH has facilitated clinicians to move from sequential diagnostics to parallel diagnostics which provides accurate analysis at one time. aCGH technique is gradually evolving and is expected to surpass FISH technique in the coming years owing to its accuracy and rapid results. aCGH in the next few years would become the primary screening tool while FISH is expected to become more of a validation tool. Moreover, the technology is highly being preferred over FISH owing to its ability to detect several genomes simultaneously. As aCGH provides high resolution copy number variations the technology has numerous application areas in medicine. Key players in the molecular cytogenetics market include Abbott Laboratories, Applied Spectral Imaging, Affymetrix, Inc., Agilent Technologies, Inc., Illumina, Inc., Life Technologies Corporation, among others. About Us: Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations. Contact Us: Mr.Sudip S. Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY – 12207 United States Tel: +1-518-618-1030 Email: [email protected] Website: http://www.transparencymarketresearch.com
The molecular cytogenetics market has grown from $469.2 million in 2012 to an estimated $1.9 billion in 2019 due to the success of techniques such as fluorescence in situ hybridization (FISH) and array comparative genomic hybridization (aCGH). The research report scrutinizes the global market and provides a quantitative and qualitative analysis on the various segments.
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