Global Molecular Cytogenetics Market to Reach US$1.9 bn by 2019 due to Rising Occurrence of Cancer Globally Date: 02-24-2017 08:45 PM CET Category: Health & Medicine Press release from: Transparency Market Research - Biotechnology
A new Transparency Market Research report states that the global molecular cytogenetics market was valued at US$0.4 bn in 2012 and is expected to reach US$1.9 bn by the end of 2019, by expanding at an astounding 23.40% CAGR between 2013 and 2019. The title of the report is “Molecular Cytogenetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.� Browse the full 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 report at www.transparencymarketresearch.com/molecular-diagnostics-... Molecular cytogenetics is the study of chromosomal structures by using molecular techniques. It is an indispensable tool utilized for the research and diagnosis of various chromosomal aberrations. Molecular techniques provide a combination of cytological and molecular approaches for diagnosis and research. These techniques are preferred over the conventionally utilized banding techniques owing to the fact that conventional techniques present low resolution level and may escape the detection of copy number variations. As stated in the report, the rising occurrence of cancer globally and the introduction of advanced and modern technologies for molecular cytogenesis have propelled the growth of the market. On the other hand, the absence of transparency and widespread availability of medical reimbursement policies may impede the growth of the market in the coming years. On the basis of technology, the report segments the market for molecular cytogenetics into array-comparative genomic hybridization (aCGH) and fluorescence in situ hybridization (FISH). Amongst these, the aCGH technique has gained more demand than the FISH technique due to its high-resolution results and accurate analysis as compared to other conventional banding techniques. This segment is predicted to rise at a CAGR of over 20% from 2013 to 2019 and is poised to dominate the market on the basis of demand. On the other hand, the segment of FISH also holds a dominant share in the market; the technology has been utilized since the
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