Molecular Cytogenetics Market is Expected to Reach USD 1.97 Billion Globally in 2019: Transparency Market Research

 Molecular Cytogenetics Market is Expected to Reach USD 1.97 Billion Globally
                    in 2019: Transparency Market Research

  PR Newswire

  ALBANY, New York, August 21, 2013

ALBANY, New York, August 21, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Molecular Cytogenetics Market
(Technologies: FISH and aCGH; Applications: Genetic Disorders, Cancer and
Personalized Medicine)  -  Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013  -  2019, " the global molecular cytogenetics
market was valued at USD 469.2 million in 2012 and is estimated to reach a
market worth USD 1.97 billion in 2019 at a CAGR of 23.4% from 2013 to 2019.

Browse the full report at
http://www.transparencymarketresearch.com/molecular-diagnostics-market.html

Molecular cytogenetics is emerging as an indispensable tool in the field of
research and diagnosis. Until the advent of molecular cytogenetics techniques
in 1980s, chromosomal analysis was mainly based on banding patterns. Although,
the traditional banding techniques encountered problems such as low resolution
and poor quality analysis. However, breakthrough in fluorescence in situ
hybridization (FISH) and array-comparative genomic hybridization (aCGH)
techniques has enhanced the diagnosis of chromosomal anomalies particularly in
tumor and hematological malignancies. Nowadays, cytogenetics techniques are
being considered mandatory in diagnosis and prognosis of leukemia. The
techniques are considered as a standard laboratory test since they provide
global screening of abnormalities. The scope of molecular cytogenetics is
increasing with the rising cancer incidences worldwide and growing popularity
of personalized medicines.

The ability of FISH technique to study cells at an interphase stage of the
cell cycle has made the technique a breakthrough in molecular cytogenetics
field. FISH technique is used in the research of diverse applications such as
cancer, cardiovascular and genetic disorder. The impetus of FISH technique is
a direct result of improved understanding of sequence, structure and function
of human genome. Similarly, supported by technological advancements in
fluorescent microscopes and digital imaging, FISH technique has emerged as a
preferred tool in molecular cytogenetics. The technique facilitates the
analysis of sub-chromosomal regions and the identifications of small
translocations thereby, routinely used in clinical applications. Owing to the
techniques' sensitivity and specificity, FISH is significantly used in number
of cytogenetic and pathological laboratories.

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The advent of aCGH is ushering new standards for the analysis of genome. The
technology has turned out to be a greatest driver for the molecular
cytogenetics market as it is overcoming the resolution problems associated
with traditional banding techniques. aCGH is poised to witness a significant
growth in the market and is likely to emerge as the fastest growing technology
segment. aCGH has propelled the cytogenetics market from the microscopes to
computers and thus, facilitated simultaneous analysis of thousands of discrete
regions of the genome. Similarly, the technique is gaining popularity as one
assay performed on this technique is comparable to thousands of FISH
experiments and hence, saves time and cost. Moreover, the technique is
expected to rapidly supplant FISH technique owing to further technological
advancements in the technique. Likewise, increasing sensitivity of the aCGH
technique is preferred as a primary diagnosis tool followed by validation with
FISH. The technique is emerging as a powerful tool for high resolution
analysis of sub-microscopic chromosomal abnormalities. aCGH is also evolving
as a method of choice for molecular cytogenetics by the researchers owing to
its work flow advantages and cost effectiveness.

North America accounts for the largest share of the molecular cytogenetics
market followed by the European region. The markets for these regions are
driven by factors such as increased level of public awareness, rising cancer
incidences and large number of research institutes engaged in cytogenetics
field. However, Asia-Pacific region is likely to emerge as the fastest growing
region over the analysis period. Cancer diagnosis is likely to witness a
significant growth and emerge as the fastest growing segment during analysis
period with a CAGR of more than 20%. 

The growing demand for molecular cytogenetics techniques in research and data
interpretation has resulted in quick expansion of manufacturers' product
portfolio. The manufacturers are focused on building aggressive strategies for
the development of innovative products that would cater research and
diagnostic sectors. The vendors are eager to tap the emerging regions and
end-users of this market. Major players engaged in development of innovative
molecular cytogenetics techniques are Abbott laboratories, Affymetrix, Inc.,
Applies Spectral Imaging, BI Biological Industries, Life Technologies
Corporation, Roche Diagnostics, Oxford Gene Technology, Illumina, Inc., among
others. 

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The molecular cytogenetics market is segmented as follows:

  *Molecular Cytogenetics Market, by Technology

    FISH

    aCGH

  *Molecular Cytogenetics Market, by Application

    Genetic Disorders

    Cancer

    Personalized Medicine

    Others

  *Molecular Cytogenetics Market, by Geography

    North America

    Europe

    Asia-Pacific

    RoW

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