Albany, NY -- (SBWire) -- 05/04/2015 --According to a recent research report published by Transparency Market Research (TMR), the global SNP genotype and analysis market had reached value of US$10.70 billion in the year 2012. It is expected that this market will attain a value of US$17.65 billion by the end of 2019, increasing at a compound annual growth rate of 7.5% between the period of 2013 and 2019.The market analysis report is prepared after extensive study of the SNP genotype and analysis market offering both the quantitative as well as qualitative analysis of this industry
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The market study provides an in-depth analysis on the basis of the past performance, current condition, and future prospects of the SNP genotype and analysis market across the globe. It is titled as "SNP Genotyping and Analysis Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019".The global SNP genotype and analysis industry is evaluated on the basis of technology employed, applications used, and the regional distribution of this industry.On the basis of technology, the global market for SNP genotype and analysis is categorized into Mass ARRAY MALDI-TOF, SNP GeneChips and Microarrays, SNP by Pyrosequencing, AB SNPle, Taqman Allelic Discrimination, and others. Based on applications, pharmacogenomics and pharmaceuticals, agricultural biotechnology, diagnostic research, and breeding and animal livestock are the segments of the global SNP genotype and analysis industry.
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A significant amount of revenue is used up on research to develop diagnostic products those are similar to companion diagnostics, which would enable a preview of how a genome would open out as an individual and grow older. There is a high amount of intensity in researching the food crops such as wheat, rice, oats, maize, corn, and other grasses. SNP genotyping in agriculture attained approval long before other applications. The GeneChip Rice 44K array provided by Affymetrix is one of the trendy platforms for rice genotyping that determines variants that affect the yield. SNP type assays of Fluidigm have been used by International Rice Research Institute that account for the largest ex-situ collection of rice germplasm in the world, and plays an important role in continuing this repository. The market for SNP genotype and analysis is expected to decline further as the efforts to introduce new technologies have been initiated. At the same time, slower and ineffective methods are being phased out.
North America held the largest market share in 2012 among all other regions, namely Europe, Asia Pacific, and Rest of the World. The unstable economy in Europe is tormenting the genomics market continuously, which SNP genotyping is a part of. The Asia Pacific SNP genotype and analysis market and various economies in Rest of the World are likely to hold the biggest potential during the period of 2014 to 2020, in terms of revenue.
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SNP Genotyping and Analysis Market: European Unstable Economy Continuously Tormenting Market Growth
Transparency Market Research Report Added "SNP Genotyping and Analysis Market" to its database.