Canada Molecular Cytogenetics Market Size & Outlook
Canada molecular cytogenetics market, 2018-2028 (US$M)
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Canada molecular cytogenetics market highlights
- The Canada molecular cytogenetics market generated a revenue of USD 123.4 million in 2020 and is expected to reach USD 332.0 million by 2028.
- The Canada market is expected to grow at a CAGR of 13.2% 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 123.4 million |
| Market revenue in 2028 | USD 332.0 million |
| Growth rate | 13.2% (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, Canada accounted for 7.5% 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 North America, U.S. molecular cytogenetics market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 332.0 million by 2028.
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Molecular Cytogenetics Market Scope
Molecular Cytogenetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 40.03% in 2020. Horizon Databook has segmented the Canada molecular cytogenetics market based on genetic disorders, oncology, personalized medicine, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
The market is rapidly transitioning from older technologies to newer and more sophisticated technologies that offer better insights at nucleotide level. Some of the factors boosting market growth are the presence of advanced biotech companies in the U.S. that comply with Canadian regulations and operate almost in same way as in the U.S.
The Canadian government in collaboration with research institutes offer advanced short- and long-term training programs, such as BCIT’s clinical genetics technology program. Such programs help train students, technicians, cytogeneticists, clinicians, and scientists on how to investigate and handle various genetic diagnostic tests for diseases like cancers, Down syndrome, and others.
The Canadian College of Medical Geneticists is an organization that establishes and maintains quality, safety, and ethical standards for cytogenetics services in Canada. Professionals and laboratories offering genetic diagnosis services are required to be accredited by the Canadian Medical Association to ensure safe and ethical handling and practice during genetic testing.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada molecular cytogenetics market , including forecasts for subscribers. This country databook contains high-level insights into Canada molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Canada molecular cytogenetics market size, by application, 2018-2028 (US$M)
Canada Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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