Genotyping Market Trends, Business Revenue Forecast Statistics and Growth Prospective 2028

Comments · 108 Views

According to the report circulated by Market Research Future (MRFR), the global genotyping market is projected to register a CAGR of 22.5% during the assessment period 2018 to 2023.

Market Synopsis:

Increasing burden of genetic disorders has raised awareness and encouraged investments for effective treatments. This, in turn, is likely to enable genotyping in gaining quick mileage over the next few years. According to the report circulated by Market Research Future (MRFR), the global genotyping market is projected to register a CAGR of 22.5% during the assessment period 2018 to 2023. 

Human genotyping is gaining momentum owing to the rising burden of genetic disorders. Also, the growing awareness about the same, coupled with the availability of government’s support, is expected to catalyze the proliferation of genotyping market. In addition, microorganism genotyping is expected to earn high revenues due to its extensive demand in the field of research development. However, the lack of skilled personnel can pose a challenge to players of the genotyping market

Market Segmentation:

Based on technology, the global genotyping services market has been segmented into sequencing, PCR, microarray, capillary electrophoresis, and mass spectrometry. The capillary electrophoresis segment is further sub-segmented into single-strand conformation polymorphism (SSCP), amplified fragment length polymorphism (AFLP), and restriction fragment length polymorphism (RFLP). The sequencing segment has been sub-segmented into pyrosequencing, next-generation sequencing, and Sanger sequencing. Also, the microarray segment has been sub-segmented into antibody microarrays, DNA microarrays, MM Chips, and peptide microarrays.

The segments of the genotyping market, based on product, include reagents and kits, services, and instruments.

The segmental analysis of the global genotyping market, on the basis of end-user, covers hospitals, academic institutes, diagnostic centers, and research and development centers.

Regional Analysis:

The global genotyping market, on the basis of region, has been segmented into four regions - Americas, Europe, Asia Pacific (APAC), and the Middle East Africa (MEA). Americas is leading the growth of the global market and is expected to maintain its pole position over the next couple of years. The region has been observing an increase in the burden of genetic disorders. This, in turn, has encouraged investments in research development projects which is poised to boost the expansion of genotyping market in the region. Alzheimer's Association published a report in 2018 stating that 5.7 million Americans had Alzheimer in that year. The same report revealed that the U.S. incurred a cost of USD 277 Bn for the disease. Other factors that are anticipated to accelerate revenue creation in the genotyping market in the region are the presence of developed healthcare industry, rising demand for personalized medicine, etc.

Europe is prognosticated to maintain its second-leading spot in the global market place across the review period. The genotyping market in the region is expected to get influenced greatly by the rising researches supported by the governments in the pharmaceutical industry. In addition, the rising cases of genetic disorders are also projected to favor market expansion in the region over the forecast period.

 

About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.

Comments