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Molecular Cytogenetics Market Worth 2,266.4 Million Usd By 2022 .
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Meticulous Research®, leading global market research company published a research report titled, “The Global Molecular Cytogenetics Market is projected to reach $2,266.4 million by 2022 growing at a CAGR of 11.0% during the forecast period of 2017 to 2022.”
This growth is primarily driven by the increasing focus on preventive healthcare measures, increasing genetic abnormalities; growing aging population and subsequent increase in chronic diseases, increasing need to reduce mounting healthcare cost, and rising focus on clinical and research diagnosis.
Molecular cytogenetics plays an important role in diagnosis of various diseases. Based on the type of diseases, the diagnosis can be possible using various cytogenetic techniques such as Fluorescence In Situ Hybridization (FISH), In Situ Hybridization, Karyotyping, Banding Techniques, and others. The banding techniques have been used since past decades because of their easy accessibility and availability. However, due to its drawbacks in identifying genetic diseases at submicroscopic level, it is further modified into in situ hybridization. Currently, the FISH plays a major role in diagnosis of various diseases at genetic level using advanced molecular cytogenetic products.
FISH is mainly used to detect the chromosomal aberrations such as deletion, duplication, insertion, and gene expression. It can be applicable to any specimen. Also, it is suitable for heterogeneous breakpoints or multiple translocation patterns. However, it has less sensitivity for detecting the genetic abnormality and requires expertise to interpret the results as there is a risk of getting false positive results. However, with the growing need to diagnose diseases at molecular level, array-based technologies have emerged and preferred over FISH technique.
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Array based techniques are preferred over FISH since the high resolution, locus specific analysis, and genome wide evaluation are combined in a single technique. Also, the sensitivity of these techniques is high compared to FISH which is useful for researchers in the detection of microdeletions. The array-based techniques are used in detection of any type of cancers since they are able to screen whole genome variations compared to FISH. The microarray uses 1000 probes at a time, whereas FISH uses only one probe. The use of these many probes at a time makes the diagnosis easy and quick. This technique is also useful in the detection of abnormalities in all 24 chromosomes, whereas FISH has limit up to 12 chromosomes.
The report provides meticulous analysis of Molecular Cytogenetics Market on the basis of technique (fluorescence in situ hybridization, comparative genomic hybridization, in situ hybridization, karyotyping, and banding techniques), product (instruments, kits and reagents, software, services, and consumable/accessories), application (oncology, genetic disorders, personalized medicines, and other), end user (pharmaceuticals and biotechnological companies, clinical and diagnostic laboratories, and academic institutes), and geography.
The use of array is mostly in detection of copy number variations which is not applicable for FISH. Thus, because of the number of benefits provided by array-based techniques, their use by various end users is increasing for both qualitative and quantitative detection of genetic diseases. These techniques not only improve the sensitivity of diagnosis but also the accuracy of results. This transition helps in use of diagnostic products to large extent.
The major companies such as Thermo Fisher Scientific, Illumina Inc., Agilent Technologies, and Oxford Gene Technology are manufacturing array-based products in order to accelerate research. They are providing sophisticated technology for running thousands of samples at a time to analyze genetic variations efficiently.
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The key players analyzed in the molecular cytogenetics market are Thermo Fisher Scientific (U.S.), Abbott Laboratories (U.S.), Agilent Technologies (U.S.), PerkinElmer (U.S.), Bio-Rad Laboratories (U.S.), Applied Spectral Imaging (U.S.), Quest Diagnostics (U.S.), Roche Diagnostics (Switzerland) , Danaher Corporation (U.S.), Illumina (U.S.), and Oxford Gene Technology (U.S.).
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