What is more, the market research data of Genotyping Market report is interpreted by using established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis. The key areas covered in the report are market definition, market segmentation, competitive analysis and research methodology. This market report also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the Healthcare industry. For a booming business, it is quite necessary to get knowledgeable about consumer’s demands, preferences, attitudes and their varying tastes about the particular product. And this Genotyping Market report is right there to solve this purpose comprehensively.
Global genotyping market is set to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market value can be attributed to the technological advancements, increasing cases of diseases like cancer, diabetes and alzheimer’s.
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Some of the major players operating in global genotyping market are Illumina, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Bioline, Qiagen, Danaher, F. Hoffmann-La Roche Ltd., General Electric, Sequenom, Fluidigm, Biogeniq Inc., Envigo, Helix, LGC Biosearch Technologies, Genotypic Technology Pvt Ltd, Eurofins Genomics, Biofortuna Limited, Agena Bioscience, Inc., BioTechniques, Precision Biomarker Resources, Inc., TrimGen Corporation, 23andMe, Inc., Xcelris Genomics, Integrated DNA Technologies, Inc. and BioTek Instruments, Inc. among others.
Market Definition: Global Genotyping Market
Genotyping is a technique in which by examining the individual’s DNA sequence one can analyse genetic make-up differences through biological assays and for comparison with other individual’s sequence. Genotyping helps the researchers in exploring genetic deviations such as single nucleotide polymorphisms and large structural changes in DNA.
According to the Food & Drug Administration, around 300 people in 44 states and the District of Columbia became ill from ingesting the Salmonella Montevideo pathogen in 2009-2010. According to the standard epidemiology tools like food consumption questionnaires, the culprit was spiced salami. But the conventional lab methods were unable to differentiate between the Salmonella Montevideo found in spiced salami.
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Segmentation: Global Genotyping Market
Genotyping Market : By Product & Service
- Reagents & Kits
- Genotyping Services
Genotyping Market : By Technology
- Capillary Electrophoresis
- Polymerase Chain Reaction (PCR)
- Matrix-Assisted Laser Desorption/Ionization-Time of Flight (Maldi-Tof) Mass Spectrometry
- Others Technologies
Genotyping Market : By Application
- Diagnostics & Personalized Medicine
- Animal Genetics
- Agricultural Biotechnology
Genotyping Market : By End User
- Pharmaceutical & Biopharmaceutical Companies
- Diagnostic and Research Laboratories
- Academic Institutes
Genotyping Market : By Geography
- North America
- South America
- Middle East & Africa
Key Developments in the Genotyping Market:
- In June 2019, Vertex Pharmaceuticals Incorporated announced that U.S. Food and Drug Administration (FDA) approved symdeko for the treatment of children of ages 6-11 years suffering from cystic fibrosis. In connection with this approval, additional dosage strength of symdeko tablets is also available now. This approval would help in the treatment of children suffering from cystic fibrosis
- In 2016, Veritas Genetics offered the first genome sequence to consumers and physicians of worth USD 1,000. The company is ready to increase competition in the growing personal genetics industry by reducing its test price by 40%. This announcement helped the company to enhance its product portfolio in the market
Genotyping Market : Drivers
- Rising cases of genetic diseases, such as alzheimer’s, parkinson’s, hemophilia, thalassemia and turner syndrome are enhancing the market growth
- Technological developments in DNA sequencing boosts the growth of the market
- Deteriorating prices of DNA sequencing are accelerating the market growth in the forecast period
- Growing importance of genotyping in drug development will also propel the market growth
Genotyping Market : Restraints
- Rising significance of SNP genotyping is hindering the market growth
- Unfavorable reimbursement policies will also limit the market in the forecast period
Genotyping Market :Competitive Analysis
Global genotyping market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of genotyping for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Features mentioned in the report
- Changing market dynamics of the industry
- To get a comprehensive overview of the Genotyping Market.
- Historical, current and projected market size in terms of volume and value
- In-depth market segmentation
- Competitive landscape of Genotyping Market
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