Latin America Molecular Cytogenetics Market Size & Outlook
Latin America molecular cytogenetics market, 2018-2028 (US$M)
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Latin America molecular cytogenetics market highlights
- The Latin America molecular cytogenetics market generated a revenue of USD 89.1 million in 2020.
- The market is expected to grow at a CAGR of 10.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 89.1 million |
| Market revenue in 2028 | USD 204.0 million |
| Growth rate | 10.9% (CAGR from 2020 to 2028) |
| Largest segment | Oncology |
| Fastest growing segment | Personalized Medicine |
| Historical data covered | 2018 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 5.4% of the global molecular cytogenetics market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 915.4 million by 2028.
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Molecular Cytogenetics Market Scope
Molecular Cytogenetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 38.95% in 2020. Horizon Databook has segmented the Latin America molecular cytogenetics market based on genetic disorders, oncology, personalized medicine, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
Latin America’s cytogenetic development landscape is in a phase of significant development owing to increasing cases of genetic & congenital disorders along with remarkable growth in early detection of diseases, which are prime factors expected to fuel market growth over the forecast period.
Moreover, advent of innovative whole genome screening and sequencing techniques, such as chromosome microarray analysis and multiplex FISH, and technological advancements in molecular cytogenetic techniques like the comparative genomic hybridization and the fluorescence in situ hybridization are also expected to drive the market.
Government funding in countries such as Brazil, Colombia, and Argentina for introduction of newer sequencing technologies has helped researchers & manufacturers significantly and led to introduction of high-throughput diagnostic tools that would improve the cytogenetic landscape in the region.
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Our clientele includes a mix of molecular cytogenetics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America molecular cytogenetics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America molecular cytogenetics market size, by country, 2018-2028 (US$M)
Latin America Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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