North America Molecular Cytogenetics Market Size & Outlook
North America molecular cytogenetics market, 2018-2028 (US$M)
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North America molecular cytogenetics market highlights
- The North America molecular cytogenetics market generated a revenue of USD 772.5 million in 2020.
- The market is expected to grow at a CAGR of 11.7% 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, Canada is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 772.5 million |
| Market revenue in 2028 | USD 1,875.3 million |
| Growth rate | 11.7% (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, North America region accounted for 46.8% 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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North 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 40.08% in 2020. Horizon Databook has segmented the North 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.
North America is the largest revenue-generating region in the molecular cytogenetics market. This can be attributed to presence of sophisticated R&D for advanced cytogenetic, and a large pool of cancer patients. Other factors, such as availability of technologically advanced platforms like next-generation sequencing, array technology, have boosted market growth.
Factors such as increased research collaborations and increasing count of research laboratories, stringent drug development regulations that demand the use of molecular cytogenetic techniques, and direct and indirect investments in R&D by pharma and biotech companies are set to fuel market growth over the forecast period.
Technologies like FISH, staining technology, as well as NGS and third-generation sequencing technology are equally preferred by cytogeneticists in the region as they offer different options to identify structural variation or an inversion, translocation even on a low-level mosaic conditions.
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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 North America molecular cytogenetics market , including forecasts for subscribers. This continent databook contains high-level insights into North America molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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North America molecular cytogenetics market size, by country, 2018-2028 (US$M)
North America Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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