World Genotyping Market Analysed by M&M in New Research Study Published at MarketPublishers.com27 May 2015 • by Natalie Aster
LONDON – The world genotyping market is projected to gain momentum in the coming years, posting 22.3% CAGR and reaching a value of USD 7 billion by 2020-end. The growth in the market is set to be mainly propelled by technological breakthroughs, rising incidence of genetic disorders and awareness about personalised medicine, declining costs of DNA sequencing, growing significance of single nucleotide polymorphism (SNP) genotyping in drug product development, and the surging demand for genetic analysis in plant and animal livestock. Other driving factors comprise an increase in the demand for affordable genotyping services, application spheres of genotyping, access to health care, alongside top players’ investments in emerging markets. However, the dearth of properly trained technical personnel and appropriate reimbursement are amid the hindrance of the market growth. The reagents & kits segment is projected to record around 25% CAGR through to 2020. In terms of applications, the pharmacogenomics segment will likely post a CAGR of 23.4% over the forecast period.
Thermo Fisher Scientific, Inc., Affymetrix, Inc., Illumina, Inc., Qiagen N.V., Agilent Technologies, Beckman Coulter, Sequenom, Inc., Roche, GE Healthcare, and Fluidigm Corporation are the prominent participants in the marketplace.
New study “Genotyping Market by Technology (Polymerase Chain Reaction, Sequencing, Microarray, Electrophoresis, MALDI_TOF), Application (Pharmacogenomics, Diagnostic Research, Animal Genetics, Agricultural Biotechnology) & by Products - Global Forecast to 2020” developed by MarketsandMarkets (M&M) presents a comprehensive overview and investigation of the global genotyping market, segmenting by products & services, application, technology, end-user sector, and geography. The study limelights major driving and restraining factors, challenges and opportunities in the sector. It reviews the forthcoming trends, R&D efforts, and new product launches. All-round information on innovative products, geographies, up-to-the-minute developments, and investments in the market is available. Furthermore, the report canvasses the competition including an assessment of market shares, products, growth strategies, production capabilities, and detailed SWOT analyses of top 10 participants of the global genotyping market. Additionally, the research publication provides the outlook of the market.
Genotyping Market by Technology (Polymerase Chain Reaction, Sequencing, Microarray, Electrophoresis, MALDI_TOF), Application (Pharmacogenomics, Diagnostic Research, Animal Genetics, Agricultural Biotechnology) & by Products - Global Forecast to 2020
Published: May, 2015
Price US$ 4,650.00
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