Industry Analysis
Fluorescent in situ hybridization (FISH) probe is a sub-atomic cytogenetic technique that visualizes genetic components using fluorescent probes. These probes are molecules that absorb a specific wavelength of light and then emit light when they bind to a particular DNA/RNA sequence. They are used to detect structural and numerical anomalies in chromosomes and monitor therapeutic drugs and diagnose rare genetic illnesses.
Data Bridge Market Research analyses that the flourescent in situ hybridization probe market which was USD 713.2 million in 2021, would rocket up to USD 1189.24 million by 2029, and is expected to undergo a CAGR of 6.6% during the forecast period. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Fluorescent in Situ Hybridization (FISH) Probe Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the
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Flourescent In Situ Hybridization (FISH) Probe Market Dynamics
Drivers
- Rising occurrence of diseases having the cytogenetic base
The adoption of FISH probe techniques is expected to increase due to genetic abnormalities and cancer and the requirement for speedy, sensitive, and accurate prognostic procedures for disease validation over the forecast period 2022-2029.
- Increasing RD initiatives
The expansion of the Fluorescent In Situ Hybridization (FISH) probe market can be described to the discovery of novel disease-specific biomarkers and pipeline products awaiting regulatory approval. The market is likely to be driven further by rising awareness, rising healthcare expenditure, and the development of novel probes.
- Increasing occurrence of various genetic and chronic disorders
Growing demand for In Vitro Diagnostics (IVD) testing and targeted medicines around the world is also propelling the industry forward. In contrast to traditional cytogenetic (cell gene) examinations, FISH testing can detect minute genetic changes that are generally undetectable under the microscope. As a result, these probes are frequently employed in cancer and genetic condition detection, prediction, and clinical care.
Opportunities
Furthermore, the use of these tests in various diseases like as cancer and genetic disorders is rising in this region, which is expected to drive demand even higher. The market's growth can be described to rising public awareness about the early detection of genetic abnormalities, rising disposable income, and a well-established RD infrastructure. Government reforms and favorable reimbursement procedures are expected to propel the business forward.
Restraints/Challenges
Virtual karyotyping is a low-cost, clinically available alternative to FISH panels that uses thousands to millions of probes on a single array to identify copy number variations at unprecedented resolution across the genome. The development of alternative techniques is hampering the growth of the market. Furthermore, there are high financial costs associated with the fish probe, as well as variations in regulations for the development and use of these probes based on different regions, as well as a lack of skilled professionals to interact with and utilize this technology from various underdeveloped regions, all of these factors are expected to limit the market's growth.
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Industry Segmentation and Size
The flourescent in situ hybridization market is segmented on the basis of type, technology, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Flow FISH
- Q FISH
- Other FISH
Type
- DNA
- RNA
- mRNA
- miRNA
- Other
Application
- Cancer Research
- Lung
- Breast
- Bladder
- Hematological
- Gastric
- Prostrate
- Cervical
- Other
- Genetic Diseases
- Other
End-User
- Research
- Clinical
- Companion diagnostics
Market Country Level Analysis
- The countries covered in the flourescent in situ hybridization (FISH) probe market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
Some of the major players operating in the flourescent in situ hybridization (FISH) probe market are:
- Abnova Corporation (U.S)
- Agilent Technologies Inc.(U.S)
- Biocare Medical LLC (U.S)
- LGC Biosearch Technologies (U.S)
- Creative BioLabs (US)
- 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)
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