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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Growth Drivers of the Genotyping Assay Market
Genotyping is a technique that compares the genomic sequence or allelic genes of an individual to the reference sequence in order to identify genetic variation. Genotyping is a valuable tool for investigating genetic variants, such as single nucleotide polymorphisms (SNPs) and structural variations in DNA.
The genotyping assay market is primarily driven by the following factors: the growing use of genotyping for drug development, the decreasing cost of DNA sequencing, the increasing prevalence of genetic disorders worldwide, and technological advancements in the field of genotyping. Furthermore, the market’s expansion will be further fuelled by the growing demand for bioinformatics in drug discovery and data analysis, the burgeoning prevalence of personalised medicine, and the growing awareness of genotyping assays. Additional factors that are expected to stimulate the global genotyping assay market include the growing demand for rapid genotyping-based diagnostic tests and the increasing number of plant and animal genotyping research activities.
Nevertheless, the market’s future expansion may be impeded by the exorbitant cost of genotyping assay apparatus. The genotyping assay market is expected to experience new growth opportunities in the coming years due to the significant demand for plant and animal genome analysis and the increasing research and development activities in genotyping and sequencing.
The study encompasses the drivers and restraints of the genotyping assay market, as well as the influence they have on the demand during the forecast period. Furthermore, the report encompasses an examination of the opportunities that are accessible in the genotyping assay market on a global and regional scale.
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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
Regional Analysis of the Genotyping Assay Market
The current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa is incorporated into the regional segment. This segment is further divided into key countries, including the United States, Canada, Germany, France, UK, China, Japan, India, and Brazil.
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