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molecular cytogenetics market is expected to grow to $3.3 billion by 2023, from $1.8 billion in 2017, at a CAGR of 9.9% during 2018–2023. Molecular cytogenetics involves studying the cell on the chromosomal level, to understand the formation of tumors, so that effective ways to deal with them can be devised. Now, though the basic chromosomal structure is same and everyone has 46 chromosomes in 23 pairs, there is slight difference somewhere, otherwise all people would be the same.
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On a global basis, North America has been the Molecular Cytogenetics Market powerhouse, as it accounts for a significantly incidence of cancer. Moreover, the healthcare and biotechnology sectors are undergoing rapid technological advancements here, which leads to a higher usage of the molecular cytogenetics approach to studying cancer. In the years to come, the fastest adoption of this technique will be witnessed in Asia-Pacific (APAC), due to the large population, which is increasingly becoming affected by genetic disorders and cancer. Further, governments of regional countries are investing heavily in healthcare, including in diagnostic and research labs.
Hence, with the increasing cancer prevalence and personalized medicine popularity, the usage of molecular cytogenetics will keep on growing.
