World Molecular Cytogenetics Market to Post 11% CAGR Through 2022, Expects Meticulous Research in Its Report Available at MarketPublishers.com27 Sep 2017 • by Natalie Aster
LONDON – By 2022, the value of the world molecular cytogenetics market is expected to surpass the USD 2.266 billion mark, exhibiting an 11% CAGR over the next several years.
The major market growth drivers include the surging preference for preventive healthcare practices, growing genetic disorders, increasing geriatric population and a consequential upsurge in different chronic illnesses, rising need to reduce soaring cost of healthcare, and a greater focus on clinical and research diagnosis. Furthermore, a rising focus on target-based therapies and increasing pre-symptomatic and predictive testing using DNA further create enormous opportunities in this marketplace.
Although, dearth of awareness about emerging technologies for the clinical diagnostics, high cost of diagnosis, unfavourable reimbursement conditions, technical limitations and sophisticated equipment act as the major barriers to the growth of the molecular cytogenetics market.
As of 2016, the biggest share of the global molecular cytogenetics market was held by North America. This is attributed to the increased financing for medical research, tough drug development regulations which require molecular cytogenetics methods, expanding geriatric population and subsequent prevalence of different chronic illnesses, and direct and indirect investments in the biotech and pharma firms. However, the molecular cytogenetics market of the APAC region has lucrative growth potential in the foreseeable future.
In-demand research publication “Molecular Cytogenetics Market- Global Opportunity Analysis And Industry Forecasts To 2022” drawn up by Meticulous Market Research examines the market on a global level. It gives deep insights into the current market scenario, covers the sector’s historical evolution, and offers detailed market forecasts and estimates for 2015-2022.
The report offers detailed market segmentation by technique, product, application, end user, and geography. It discusses major challenges, drivers, opportunities and trends in the world molecular cytogenetics market. The study casts light on the major players globally and across various regions and their market shares. It assesses the competitive landscape and pinpoints the market leaders by sub-region in the world market, limelights recent developments in the market, covers various strategies adopted by companies, explores the geographical trends and high growth regions/nations. The research report analyses the local emerging players in the world molecular cytogenetics market and dhows how they compete with the global market giants.
Visit Meticulous Research catalogue at MarketPublishers.com to get access to a full collection of the publisher’s research publications.