The global FISH probe market is propelled by the surging popularity of DNA probe-based diagnostics for identifying infections and genetic disorders. Increasing automation, expanding diagnostic applications, and investments in pharmacogenomics and pharmaceutical research contribute to market advancement. The rise in genetic disorders such as acute lymphoblastic leukemia (ALL) further fuels growth. As FISH probes facilitate accurate and targeted genetic analysis, their pivotal role in medical diagnostics continues to expand, fostering innovation and propelling the global FISH probe market.
According to Data Bridge Market Research, the Global Flourescent in Situ Hybridization (FISH) Probe Market which was USD 713.2 million in 2021, is expected to reach USD 1,189.24 million by 2029 and is expected to undergo a CAGR of 6.6% during the forecast period of 2022 to 2029.
“Escalating research and development (R&D) initiatives drive the market growth”
The global fluorescent in situ hybridization (FISH) probe market is driven by escalating research and development (R&D) initiatives. As scientific exploration deepens into genomics and molecular diagnostics, FISH probes gain significance as essential tools for visualizing specific DNA sequences. Increasing R&D investments fuel the innovation of novel FISH probes, enhancing their efficiency, specificity, and applications across diverse fields such as cancer diagnosis, genetic disorders, and microbiology. The drive to unlock ne+ insights into cellular and genetic processes amplifies demand, propelling the growth of the global FISH probe market.
What restraints the growth of global flourescent in situ hybridization (FISH) probe market?
“Virtual karyotyping, a cost-effective alternative”
Virtual karyotyping, a cost-effective alternative to traditional methods, presents a restraint to the global fluorescent in situ hybridization (FISH) probe market. As virtual karyotyping gains traction for chromosomal analysis, it offers a budget-friendly solution compared to FISH probes. This poses a challenge to the FISH probe market's growth, as laboratories and researchers may opt for the more economical virtual approach. The competitive advantage of cost-efficiency and convenience impacts the demand for FISH probes, prompting industry players to innovate and emphasize unique advantages to maintain market relevance.
Segmentation: Global Flourescent In Situ Hybridization (FISH) Probe Market
The flourescent in situ hybridization market is segmented on the basis of type, technology, application, and end-user.
- On the basis of technology, the flourescent in situ hybridization market is segmented into FISH, CISH, and DISH.
- On the basis of type, the flourescent in situ hybridization market is segmented into DNA, RNA.
- On the basis of application, the flourescent in situ hybridization market is segmented into cancer research, genetic diseases, other.
- On the basis of end-user, the flourescent in situ hybridization market is segmented into research, clinical, and companion diagnostics.
Regional Insights: North America dominates the Global Flourescent In Situ Hybridization (FISH) Probe Market
North America secured the leading revenue share attributed to factors such as a notable prevalence of genetic abnormalities causing conditions like birth defects, developmental delays, and metabolic disorders. This high incidence rate fuels the demand for advanced cytogenetic solutions, diagnostics, and therapeutic interventions. The region's emphasis on research, medical infrastructure, and awareness further contributes to its dominant position in addressing genetic-related health concerns, driving substantial revenue and growth within the cytogenetics market.
During the forecast period of 2022 to 2029, Asia-Pacific is poised for substantial growth, driven by an upsurge in diseases with cytogenetic origins and increased research and development endeavors. The region experiences a rising incidence of conditions rooted in genetic abnormalities, sparking demand for advanced cytogenetic diagnostic tools and therapies. Concurrently, escalating research efforts across academic, clinical, and pharmaceutical sectors amplify the region's potential as a hub for innovation and medical advancements, bolstering Asia-Pacific's prominence in the cytogenetics market.
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Recent Developments in Global Flourescent In Situ Hybridization (FISH) Probe Market
- In January 2019, Applied Spectral Imaging unveiled an enhanced offering in the fluorescence in situ hybridization (FISH) sector. This upgraded product boasts advanced hardware components, enabling rapid FISH imaging analysis. The innovation signifies a notable stride in biomedical imaging solutions, catering to swift and accurate FISH assessments for improved research and diagnostics.
The Prominent Key Players Operating in the Global Flourescent In Situ Hybridization (FISH) Probe Market Include:
- Abnova Corporation (U.S.)
- Agilent Technologies Inc.(U.S.)
- Biocare Medical LLC (U.S.)
- LGC Biosearch Technologies (U.S.)
- Creative BioLabs (U.S.)
- F. Hoffmann-La Roche Ltd.(Switzerland)
- Genemed Biotechnologies Inc. (U.S.)
- Merck KGaA (Germany)
- Oxford Gene Technology IP Limited (U.K.)
- PerkinElmer Inc.(U.S.)
- QIAGEN (Germany)
- BioDot (U.S.)
- Bio-Techne (U.S.)
- BioGenex (U.S.)
- PerkinElmer Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global flourescent in situ hybridization (FISH) probe market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Flourescent In Situ Hybridization (FISH) Probe Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
