Genotyping Assay Market by Technology Sequencing, Capillary Electrophoresis, PCR, and Others

by Rohit MRFR Market Research

Genotyping Market

Global Genotyping Market accounted for USD 6120 million in 2015 and expected to register healthy growth during the forecast period (2018–2023) at a CAGR of 22.5%.

Genotyping services help to understand the genetic structure of any living organisms such as humans, animals, plants, and microorganisms. Human genotyping provides data related to the genetic history of an individual; microorganism genotyping provide aid in research and development of bacterial and viral diseases. The increasing research and development activities in the healthcare sector, rising prevalence of genetic diseases, technological advancement, and surge in demand for personalized medication are expected to drive the growth of the market. Moreover, decreasing prices of genotyping services due to intense competition is contributing to the growth of the market. According to the Centers for Disease Control and Prevention (CDC), Genetic disorders are constantly increasing, and in the US more than 120000 babies are born with congenital disabilities, which are caused by genetic changes.

The uncertainty related to reimbursement and lack of skilled people may hamper the growth of the market during the assessment period.

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About Rohit MRFR Freshman   Market Research

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Created on Jan 28th 2019 02:30. Viewed 346 times.


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