UK Molecular Cytogenetics Market Size & Outlook, 2020-2028
UK molecular cytogenetics market, 2018-2028 (US$M)
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UK molecular cytogenetics market highlights
- The UK molecular cytogenetics market generated a revenue of USD 64.4 million in 2020 and is expected to reach USD 158.0 million by 2028.
- The UK market is expected to grow at a CAGR of 11.9% from 2021 to 2028.
- In terms of segment, oncology was the largest revenue generating application in 2020.
- Oncology 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 64.4 million |
| Market revenue in 2028 | USD 158.0 million |
| Growth rate | 11.9% (CAGR from 2020 to 2028) |
| Largest segment | Oncology |
| Fastest growing segment | Oncology |
| 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, UK accounted for 3.9% 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 Europe, Germany molecular cytogenetics market is projected to lead the regional market in terms of revenue in 2028.
- UK is the fastest growing regional market in Europe and is projected to reach USD 158.0 million by 2028.
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Molecular Cytogenetics Market Scope
Molecular Cytogenetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 39.75% in 2020. Horizon Databook has segmented the UK 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 UK follows Germany in terms of revenue generation owing to increasing incidence of cancers and inherited genetic diseases. Other factors like research funding from NHS and other regulatory bodies to encourage innovation; training programs offered by the teaching hospitals and research institutes to students, technicians, and clinician cytogeneticists to improve the handling of test equipment and diagnostic results, which is a factor supporting market growth as this propels commercial usage.
In the UK, genetic testing is offered regionally, and all the regional facilities are controlled and accredited by the UKAS and maintained by the NHS and has strong links with genetic laboratories, mainstream medical specialties, and clinical networks.
For instance, there are more than 20 regional genetic canters that offer consulting-led services, which support around 2–5 million people in that region. However, researchers urge that National Institute of Health Research excludes all proposals linked to laboratory medicines, which is creating a funding gap that remains unaddressed.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK molecular cytogenetics market , including forecasts for subscribers. This country databook contains high-level insights into UK molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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UK molecular cytogenetics market size, by application, 2018-2028 (US$M)
UK Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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