PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1565714
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1565714
Genotyping Market, By Product, By Application, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Genotyping Market size was valued at USD 16,080.32 Million in 2023, expanding at a CAGR of 14.80% from 2024 to 2032.
Genotyping is the process of determining the genetic makeup or genotype of an individual by analyzing their DNA. It involves identifying specific alleles at locations on a chromosome. Genotyping can provide information about genetic variations that may influence traits, susceptibility to diseases, or responses to medications.
Genotyping Market- Market Dynamics
Increasing demand from genetic testing and prevalence of genetic disorders is expected to propel market demand
The increasing incidence of genetic disorders and the need for early diagnosis and intervention are boosting demand for genotyping services. Genotyping plays a crucial role in genetic research, drug discovery, and development, propelling growth in academic and pharmaceutical sectors. Additionally, Advancements in healthcare infrastructure and accessibility to genetic testing services contribute to market expansion, especially in emerging economies. Increasing awareness and adoption of personalized medicine approaches are driving the need for genotyping to tailor treatments based on individual genetic requirements.
Moreover, the popularity of consumer-based genetic testing for ancestry and health-related insights has expanded the genotyping market. Innovations in genotyping technologies, such as next-generation sequencing (NGS) and microarray technologies, have made genotyping more efficient, accurate, and cost-effective. Also, increased funding by companies for genomics research and initiatives aimed at enhancing healthcare through genetic insights support market growth.
Genotyping Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.80% over the forecast period (2024-2032)
Based on Product segmentation, the reagents & kits segment was predicted to show maximum market share in the year 2023, owing to increasing demand from genetic testing.
Based on Application segmentation, diagnostic & personal medicines segment was the leading Application in 2023, due to high use of genotyping devices in diagnosis of genetic diseases.
Based on End User segmentation, diagnostic & research laboratories segment was the leading End User segment in 2023, due to rising investment in genome research.
On the basis of region, North America was the leading revenue generator in 2023, due to the presence of a well-established pharmaceutical sector.
Genotyping Market- Segmentation Analysis:
The Global Genotyping Market is segmented on the basis of Product, Application, End User, and Region.
Genotyping Market- Competitive Landscape:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GENOTYPING MARKET KEY PLAYERS
GLOBAL GENOTYPING MARKET, BY PRODUCT- MARKET ANALYSIS, 2019-2032
GLOBAL GENOTYPING MARKET, BY APPLICATION- MARKET ANALYSIS, 2019-2032
GLOBAL GENOTYPING MARKET, BY END USER- MARKET ANALYSIS, 2019-2032
GLOBAL GENOTYPING MARKET, BY REGION- MARKET ANALYSIS, 2019-2032
Table of Contents
1. Genotyping Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Genotyping Market Snippet by Product
- 2.1.2. Genotyping Market Snippet by Application
- 2.1.3. Genotyping Market Snippet by End User
- 2.1.4. Genotyping Market Snippet by Country
- 2.1.5. Genotyping Market Snippet by Region
3. Genotyping Key Market Trends
4. Genotyping Industry Study
5. Genotyping Market: COVID-19 Impact Analysis
6. Genotyping Market Landscape
7. Genotyping Market - By Product
8. Genotyping Market - By Application
9. Genotyping Market - By End User
10. Genotyping Market- By Geography
11. Key Vendor Analysis- Genotyping Industry
12. 360 Degree Analyst View
13. Appendix
