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In-Situ Hybridization Market worth $681.0 Million by 2019
The report "In-Situ Hybridization Market by Type (DNA, RNA), by Application (Cancer, Diagnosis, Cytology, Immunology), by End User (Hospitals, Pharma & Biotech, Research Labs), by Geography - Analysis and Forecast to 2019", the global in-situ hybridization market was valued at $554.4 Million 2014, and is estimated to reach $681.0 Million by 2019, at a CAGR of 4.2% during the forecast period, 2014 to 2019.
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In situ hybridization is used to locate and detect specific nucleic acids, such as mRNA and DNA or protein sequences in morphologically preserved tissues or cell preparations by hybridizing the complementary strand of a nucleotide probe to the sequence of interest. The growth of the global in-situ hybridization market can be attributed to increasing prevalence of cancer along with the growing usage of personalized medicines for its treatment.
The global in-situ hybridization market is expected to witness substantial growth in the near future. There is a growing adoption of in-situ hybridization in various sectors, such as cancer diagnostics, cytology, neurosciences, immunology, and others. The cancer diagnostics segment led the market in 2014, and is expected grow at a CAGR of 4.7% from 2014 to 2019. Hospitals, pharma & biotech companies, research labs, CROs, and others constituted the end user segment of the global in-situ hybridization market. Among the end users, the hospitals segment acquired the largest share of 49.6% of the global in-situ hybridization market.
The global in-situ hybridization market is mainly driven by the increasing incidences of cancer across the globe. For instance, According to GLOBOCAN project, which estimates incidence, mortality, and prevalence from major types of cancer, in 2012, the number of cancer-related deaths and new cancer cases across the world was 8.2 Million and 14.1 Million respectively. International Agency for Research on Cancer (ICRA) and the World Health Organization (WHO) estimated that 19.3 Million new cancer cases will be diagnosed every year by 2025, Based on GLOBOCAN’s statistics. In-situ hybridization, due to its reliability in terms of qualitative as well as quantitative evaluation of the biomarker is mainly used for the diagnosis and management of cancer disease. With the rising incidences of these diseases worldwide, the market for in-situ hybridization is expected to witness substantial growth in the near future.
The research study is aimed at identifying emerging trends and opportunities in the global in-situ hybridization market along with detailed classifications, in terms of revenue. It provides comprehensive competitive landscape and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global in-situ hybridization market, on the basis of type, application, end user, and geography.
Apart from the market segmentation, this report also makes use of the Porter’s Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global in-situ hybridization market.
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