Genotyping Assay Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” The global genotyping assay market was valued at over US$ 7 Bn. in 2017 and is expected to grow at a double digit CAGR during the forecasted period. The growth of this market can be attributed to the factors such as, the reducing prices of DNA sequencing, technological advancements, growing awareness on customized medicine, and rising importance of the method in drug development.
New York, NY -- (SBWIRE) -- 02/12/2019 -- The Top key vendors in Genotyping Assay Market include are Agilent Technologies, Thermo Fisher Scientific, Illumina, QIAGEN N.V., Danaher Corporation, Eurofins Scientific, F. Hoffmann-La Roche, GE Healthcare, PerkinElmer, and GENEWIZ, among others.
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Increasing number of genetic disorders to propel the market growth
The global genotyping assay market is propelled by a number of factors. One among them is the increase in the number of genetic diseases all around the world. Following that is the general awareness regarding personalized medicine all around the world especially in the developed regions of the world. According to the Parkinson's Foundation, more than 60 thousand people are diagnosed with the major genetic disorder, Parkinson's disease in the U.S. every year. Moreover, the number is expected to reach 1 million by 2020.
Apart from this, the valuable document weighs upon the performance of the industry on the basis of a product service, end-use, geography and end customer.
Technological advancement in PCR to boost the market growth
Polymerase Chain Reaction or PCR is the key technology used by the professionals and researchers for rapid and accurate detection of genetic changes. The introduction of newer technologies in combination with computer programs and database, such as inverse PCR, reverse transcription PCR, assembly PCR and Quantitative PCR (Q-PCR) is expected to fuel the growth of the market. Developments in the sequencing technologies have transformed the sequencing methods into a multifaceted, adaptable molecular tool. Moreover, introduction of automated models in sequencing and high-throughput platforms offer potential growth opportunities in clinical molecular modeling studies, new, gene profiling, chemical entity interactions and genome sequencing.
Increasing R&D activities by the major players
Companies are taking R&D initiatives for the developments of innovative products to cater to the growing demands of the population. For instance, Fluidigm Corporation introduced Juno 96.96 Genotyping IFC, a product that analyzes huge number of DNA samples for the Single Nucleotide Polymorphisms (SNPs) in a very short time span.
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The continual growth of the biopharmaceutical industries has presented a bright prospect for the growth of global Genotyping Assay market. Other factors such as benefits of using Genotyping Assay as an alternative to conventional chromatography and increasing R&D expenditure are anticipated to contribute substantially to the growth of the global Genotyping Assay market between 2019 and 2030.
The global Genotyping Assay market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of genotyping assay, followed by Europe and Asia Pacific. North America will continue to dominate the global genotyping assay market in the forecast period owing to factors such as highly developed healthcare system and presence of private and public funding. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as the rising focus of major players in emerging Asian countries and government support are driving the growth of the Genotyping Assay market in this region.
11 COMPANY PROFILES
(Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
11.1 GE Healthcare
11.2 Agilent Technologies, Inc.
11.3 Danaher Corporation
11.4 Thermo Fisher Scientific
11.5 Qiagen N.V.
11.6 Eurofins Scientific
11.7 F. Hoffmann-La Roche AG
11.9 Illumina, Inc.
11.10 PerkinElmer, Inc.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Genotyping Assay Market by Product & Services (Reagents & Kits, Instruments, Services) Technique (PCR, Sequencing, Electrophoresis), End Users (Diagnostic & Research laboratories, Pharmaceutical & Bio Technique Companies) and Region - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/7/genotyping-assay-market
This Genotyping Assay market report holds answers to some important questions like:
- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2030? What will be the share and the growth rate of the Genotyping Assay market during the forecast period?
- What are the future prospects for the Genotyping Assay industry in the coming years?
- Which trends are likely to contribute to the development rate of the industry during the forecast period, 2019 to 2030?
- What are the future prospects of the Genotyping Assay industry for the forecast period, 2019 to 2030?
- Which countries are expected to grow at the fastest rate?
- Which factors have attributed to an increased sale worldwide?
- What is the present status of competitive development?
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