China Molecular Cytogenetics Market Size & Outlook
China molecular cytogenetics market, 2018-2028 (US$M)
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China molecular cytogenetics market highlights
- The China molecular cytogenetics market generated a revenue of USD 107.3 million in 2020 and is expected to reach USD 298.4 million by 2028.
- The China market is expected to grow at a CAGR of 13.6% 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 107.3 million |
| Market revenue in 2028 | USD 298.4 million |
| Growth rate | 13.6% (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, China accounted for 6.5% 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 Asia Pacific, Japan molecular cytogenetics market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 298.4 million by 2028.
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Molecular Cytogenetics Market Scope
Molecular Cytogenetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 39.42% in 2020. Horizon Databook has segmented the China molecular cytogenetics market based on genetic disorders, oncology, personalized medicine, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
With a population of 1.41 billion, the incidence of genetic diseases is high in the country. Current estimates show that there are more than 10 million people living with chromosomal diseases and more than one million people with monogenic disorders.
However, public healthcare in China has been rapidly improving since the past two decades. Unlike the previous structure, most of the healthcare has become public and is easily accessible. Government & private funding has led the market growth as funding of more than 40% was through private manufacturers, which has been monumental for research institutes to innovate and develop novel technology platforms.
Government initiatives like free testing for genetic diseases and cancer detection has helped improve healthcare access in remote parts of the country, which increased the need for rapid and novel platform for genetic testing; thereby boosting market growth.
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Our clientele includes a mix of molecular cytogenetics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China molecular cytogenetics market , including forecasts for subscribers. This country databook contains high-level insights into China molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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China molecular cytogenetics market size, by application, 2018-2028 (US$M)
China Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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