Brazil Molecular Cytogenetics Market Size & Outlook
Brazil molecular cytogenetics market, 2018-2028 (US$M)
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Brazil molecular cytogenetics market highlights
- The Brazil molecular cytogenetics market generated a revenue of USD 35.5 million in 2020 and is expected to reach USD 79.4 million by 2028.
- The Brazil market is expected to grow at a CAGR of 10.6% from 2021 to 2028.
- In terms of segment, oncology was the largest revenue generating application in 2020.
- Personalized Medicine is the most lucrative application segment registering the fastest growth during the forecast period.
Molecular cytogenetics market data book summary
| Market revenue in 2020 | USD 35.5 million |
| Market revenue in 2028 | USD 79.4 million |
| Growth rate | 10.6% (CAGR from 2020 to 2028) |
| Largest segment | Oncology |
| Fastest growing segment | Personalized Medicine |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Disorders, Oncology, Personalized Medicine, Other Applications |
| Key market players worldwide | Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Illumina Inc, Sysmex Corp, Roche Holding AG, BioView, MetaSystems, Agilent Technologies Inc, Revvity Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.2% of the global molecular cytogenetics market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil molecular cytogenetics market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 44.2 million by 2028.
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Molecular Cytogenetics Market Scope
Molecular Cytogenetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil molecular cytogenetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to molecular cytogenetics market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 39.15% in 2020. Horizon Databook has segmented the Brazil molecular cytogenetics market based on genetic disorders, oncology, personalized medicine, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
Brazil is the leading country in terms of revenue regeneration in Latin America owing to presence of established market players, better medical infrastructure, and increase in research facilities as compared to other countries in the region. Other factors like reforms in healthcare services and various government initiatives are drivers of the market.
Prevalence of chronic diseases is high in Brazil due to moderate standard of living, which increases the need for advanced diagnostics and treatments. According to the World Life expectancy, chronic diseases are major cause of deaths in the country. Hence private and public organizations are undertaking various initiatives to decrease mortality rate.
For instance, in October 2018, Dasa entered into a partnership with Karius, Inc. to introduce Karius’s next-generation sequencing-based infectious disease testing in Brazil. The technology will be available to multiple hospitals in the country to help patients with cancer, HIV/AIDS, and transplant recipients. Moreover, rise in healthcare expenditure in Brazil (around 9.5%) is further anticipated to drive the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil molecular cytogenetics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil molecular cytogenetics market size, by application, 2018-2028 (US$M)
Brazil Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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