Molecular Cytogenetics Market Size, Share, Growth Analysis, By Product(Consumables, instruments, kits and reagents, software and services and others), By End user(Clinical & Research Laboratories, Academic Research Institutes, Pharmaceutical, and Biotechnology Companies), By Application(Cancer, genetics), By Technique(In-Situ, FISH, Comparative Genomic Hybridization), By Region - Industry Forecast 2024-2031

Molecular Cytogenetics Market size was valued at USD 2.2 billion in 2019 and is poised to grow from USD 2.39 billion in 2023 to USD 4.66 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

With numerous small and major market players present and active globally, the market for molecular cytogenetics is highly fragmented.Major market players are using a variety of business methods, including new product releases, acquisitions and mergers, collaboration, and partnerships, to broaden their geographic reach and product offering. 'Agilent Technologies, Inc.', 'Applied Spectral Imaging (ASI) Ltd.', 'Abbott Laboratories', 'Bio-Rad Laboratories, Inc.', 'F. Hoffmann-La Roche Ltd.', 'Illumina, Inc.', 'Leica Biosystems Nussloch GmbH', 'Luminex Corporation', 'Oxford Gene Technology IP Limited', 'PerkinElmer Inc.', 'Promega Corporation', 'QIAGEN N.V.', 'Sysmex Corporation', 'Thermo Fisher Scientific Inc.', 'Biochain Institute Inc.', 'Cytocell Ltd.', 'Empire Genomics, LLC', 'MetaSystems GmbH', 'Natera, Inc.', 'Sigma-Aldrich Corporation', 'In August 2022 -Agilent Technologies Inc. declared that it has purchased Polymer Standards Service GmbH (PSS), a company that offers services for characterization of polymers. PSS specializes in hardware and software solutions used in defining the makeup and creation of molecular structures. The company provides complete solutions for gel permeation chromatography (GPC) and size exclusion chromatography (SEC) used in applications to determine the molecular weight and size distribution of macromolecules.'

Molecular cytogenetics combines cytogenetics and molecular biology. Over the course of the projected period, rising molecular cytogenetics use is anticipated to drive market expansion. The usage of molecular cytogenetics is also anticipated to increase with the occurrence of cancer.

A good understanding of genomes is essential for attaining numerous goals in cancer care, including therapeutic options, rapid and exact diagnosis, survival prediction, and estimating recurrence risk. Oncology has emerged as the largest application category due to the effectiveness and widespread use of molecular cytogenetic techniques for in-depth cancer studies. The two most essential ways for generating better treatment outcomes are pharmacotherapies and individualized therapy alternatives. The usage of molecular cytogenetic techniques is predicted to expand lucratively over the forecast period, owing to a shift toward individualized therapy.

North America is anticipated to amass a 31.2% revenue share globally in 2022. North America dominates the worldwide molecular cytogenetics market in terms of revenue thanks to the region's abundance of academic and research institutions as well as clinical research facilities. The molecular cytogenetics market is additionally boosted by an increase in cancer incidences, rising government and private healthcare spending, and improved healthcare infrastructure in this area.