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Molecular Cytogenetics Market expected to grow at a 10.1% CAGR

[147 Pages Report] The molecular cytogenetics market is projected to reach USD 2.52 Billion by 2021 from USD 1.55 Billion in 2016, at a CAGR of 10.1%
 
The development process for cytogenetics products is highly complex and costly that requires significant investments, technical capabilities, clinical trial expertise, scientific standards, and quality systems. End users who do not require regular molecular cytogenetics testing and have low budgets are therefore reluctant towards the implementation of advanced systems. This is restraining the growth of this molecular cytogenetics market.
High Cost of Advanced Instruments Will Restrain the Growth of this Market

The implementation of molecular cytogenetics in clinical & research laboratories requires high capital investments. The instruments needed for cytogenetics research and procedures are expensive since they are equipped with advanced features and functionalities. Owing to their high costs, companies and research institutes with smaller R&D budgets cannot afford to purchase or produce such expensive instruments.

Download PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148469224

molecular cytogenetics market geographical analysis:

The global molecular cytogenetics market is segmented into four major regions North America, Europe, Asia, and Rest of the World. Geographically, the global market is dominated by North America. Growth in the North American segment is primarily driven by the high incidence of genetic disorders and cancer, rapid growth in the aging population, and high healthcare expenditure.

 

Key players in the molecular cytogenetics market:

F. Hoffmann-La Roche Ltd. (Switzerland) Danaher Corporation (US), Thermo Fisher Scientific, Inc. (US), Abbott Laboratories (US), Agilent Technologies (US), PerkinElmer, Inc. (US), Illumina, Inc. (US), Bio-Rad Laboratories (US), Oxford Gene Technology (UK), and Applied Spectral Imaging (US).

Read Morehttps://www.marketsandmarkets.com/Market-Reports/molecular-cytogenetic-market-148469224.html



on January 18 at 10:54

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