Mexico Molecular Cytogenetics Market Size & Outlook
Mexico molecular cytogenetics market, 2018-2028 (US$M)
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Mexico molecular cytogenetics market highlights
- The Mexico molecular cytogenetics market generated a revenue of USD 19.1 million in 2020 and is expected to reach USD 44.2 million by 2028.
- The Mexico market is expected to grow at a CAGR of 11% 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 19.1 million |
| Market revenue in 2028 | USD 44.2 million |
| Growth rate | 11% (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, Mexico accounted for 1.2% 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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Mexico 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 39.27% in 2020. Horizon Databook has segmented the Mexico molecular cytogenetics market based on genetic disorders, oncology, personalized medicine, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
Increasing prevalence of genetic disorders and cancer has had a significant impact on the demand for molecular cytogenetics market in the country. According to NCBI data, cancer is the third major cause of mortality in Mexico, with more than 1,262,861 cases reported in 2020.
The genetic data collected every day are closely related to the diagnosis of neoplasm, hence expanding the scope of cancer cytogenetics in several practices. Moreover, favorable government regulations pertaining to approval of molecular cytogenetics products is expected to boost market growth.
In Mexico, COFEPRIS a division of the Mexican Ministry of Health governs the approval process for medical devices. It has up-classified most of the in vitro diagnostic products and clearly defined medical device regulations. Ongoing research projects related to genomic findings by Mexican researchers and scientists are expected to drive the Mexico cytogenetics market.
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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 country-level data and insights on the Mexico molecular cytogenetics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico molecular cytogenetics market size, by application, 2018-2028 (US$M)
Mexico Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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