The global genotyping assay market size was worth around USD 15.48 billion in 2023 and is predicted to grow to around USD 32.61 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.63% between 2024 and 2032.
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Genotyping is a technological procedure employed to discern genetic variation in an individual’s allelic genes or genomic sequence through a comparative analysis with the reference sequence. Genotyping facilitates the investigation of genetic variations, such as single nucleotide polymorphisms and structural alterations in DNA.
The main factors driving the global genotyping assay market are the rising incidence of genetic disorders, the declining cost of DNA sequencing, technological advances in the field of genotyping, and the expanding use of genotyping in drug development. Moreover, the expanding utilization of bioinformatics in the process of drug discovery and data analysis, the rising prevalence of personalized medicine, and the growing consciousness surrounding genotyping assays will all contribute to the expansion of this market. The increasing number of research projects involving the genotyping of plants and animals, as well as the growing demand for rapid genotyping-based diagnostics, are additional factors that are expected to drive the global genotyping assay market.
Future market growth may be impeded, however, by the high cost of instruments utilized in genotyping assays. In the coming years, the genotyping assay market will experience additional expansion prospects due to the substantial demand for plant and animal genome analysis and the expansion of research and development efforts in sequencing and genotyping.
The research encompasses an analysis of the factors that drive and restrain the genotyping assay market, as well as their influence on demand throughout the projected timeframe. In addition, the report contains an analysis of opportunities that exist on a regional and global scale within the genotyping assay market.
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The Global Genotyping Assay Market is segmented based on product, application and region
Global Genotyping Assay Market: Product Segment Analysis
● Reagents and Kits
● Genotyping Services
● Instruments
● Bioinformatics
Global Genotyping Assay Market: Application Segment Analysis
● Pharmacogenomics
● Diagnostics and Personalized Medicine
● Animal Genetics
● Agricultural Biotechnology
● Others
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The global Genotyping Assay market profiles key players such as:
● Thermo Fisher Scientific, Inc
● Illumina, Inc
● Roche Diagnostics Limited
● Danaher Corporation
● Qiagen N.V.
● Fluidigm Corporation
● Agilent Technologies, Inc
● GE Healthcare
● Integrated DNA Technologies, Inc
● Genewiz, Inc
● Perkinelmer, Inc
● Bio-Rad Laboratories, Inc
● Pacific Biosciences of California, Inc
● Eurofins Scientific
Analysis of the Genotyping Assay Market by Region
The regional segment comprises the present and projected demand for the following regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It is additionally subdivided into significant countries such as the United States, Canada, Germany, France, the United Kingdom, China, Japan, India, and Brazil.
In 2018, the global genotyping assay market was dominated by revenue from North America, which held an approximate 40% share. Factors driving the North American genotyping assay market include the prevalence of genetic disorders on the rise, technological advancements, the presence of significant players, the rising demand for personalized medicines, and the declining cost of DNA sequencing. Europe emerged as the second largest region in the global genotyping assay market in 2018, owing to the substantial investments made by both public and private enterprises, coupled with the presence of a resilient healthcare infrastructure.
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