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Global Genotyping Assay Market to reach USD 70.64 billion by 2028.

Global Genotyping Assay Market to reach USD 70.64 billion by 2028.

Product Code: HLSDT-54904947
Publish Date: 16-03-2022
Page: 200

Global Genotyping Assay Market is valued approximately USD 17.56 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 22.0% over the forecast period 2022-2028.

Genotyping is the method of determining the DNA sequence at a particular location within a gene. Genotyping assay helps in determining the genetic variances by comparing the DNA sequence with an alternative sample or a reference sequence. Genotyping assay acts a vital role as it aids in analyzing population genomics, agricultural traits, disease association, and microorganisms. This process can be performed by utilizing MALDI-TOF, electrophoresis, polymerase chain reaction (PCR), and microarray. The rising significance of genotyping in drug development, increasing awareness on personalized medicine, technological developments, and reducing costs for DNA sequencing, and the growing importance of sequencing projects are the primary factors that are accelerating the market growth. In addition, growing demand for bioinformatics solutions in data analysis, and rising incidences of genetic diseases such as congenital adrenal hyperplasia, albinism, down syndrome, and many others are further factors that are projected to surge the market demand across the globe. As per the Down’s syndrome Education (DSE) International, the incidences of Down’s syndrome ranges from 1 in 400 to 1 in 1,500 babies born in various countries. It also stated that nearly 220,000 babies every year are born with Down’s syndrome. However, the high cost of equipment used in genotyping and data management in genotyping research impedes the growth of the market over the forecast period of 2022-2028. Also, growing application areas of genotyping and rising demand for genome analysis in plant and animal livestock are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Genotyping Assay Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the availability of advanced healthcare facilities, increasing spending in R&D activities, and the presence of the leading market players. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing prevalence of genetic disorders, as well as increasing private and public investments in genotyping and sequencing research & development, would create lucrative growth prospects for the Genotyping Assay Market across the Asia-Pacific region.

Major market players included in this report are:
Thermo Fisher Scientific Inc.
Illumina Inc.
QIAGEN Company
Agilent Technologies Inc.
Danaher Corporation
GE Healthcare Company
Fluidigm Corporation
PerkinElmer Inc.
Eurofins Scientific
Bio-Rad Laboratories Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Service:
Reagents & Kits
Genotyping Services
By Technology:
Polymerase Chain Reaction (PCR)
Capillary Electrophoresis
Other Technologies
By Application:
Diagnostic & Personalized Medicine
Agricultural Biotechnology
Animal Genetics
Other Applications
By End User:
Pharmaceutical and Biopharmaceutical Companies
Diagnostic and Research Laboratories
Academic Institutes
Other End Users
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Genotyping Assay Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Genotyping Assay Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Genotyping Assay Market, by Product & Service, 2020-2028 (USD Billion)
1.2.3. Global Genotyping Assay Market, by Technology, 2020-2028 (USD Billion)
1.2.4. Global Genotyping Assay Market, by Application, 2020-2028 (USD Billion)
1.2.5. Global Genotyping Assay Market, by End User, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Genotyping Assay Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Genotyping Assay Market Dynamics
3.1. Genotyping Assay Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing demand for bioinformatics solutions in data analysis Technological advancements and decreasing prices of DNA sequencing
3.1.2. Market Challenges High cost of equipment used in genotyping Data management in genotyping research
3.1.3. Market Opportunities Growing application areas of genotyping Rising demand for genome analysis in plant and animal livestock
Chapter 4. Global Genotyping Assay Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Genotyping Assay Market, by Product & Service
6.1. Market Snapshot
6.2. Global Genotyping Assay Market by Product & Service, Performance – Potential Analysis
6.3. Global Genotyping Assay Market Estimates & Forecasts by Product & Service 2019-2028 (USD Billion)
6.4. Genotyping Assay Market, Sub Segment Analysis
6.4.1. Reagents & Kits
6.4.2. Genotyping Services
6.4.3. Instruments
6.4.4. Bioinformatics
Chapter 7. Global Genotyping Assay Market, by Technology
7.1. Market Snapshot
7.2. Global Genotyping Assay Market by Technology, Performance – Potential Analysis
7.3. Global Genotyping Assay Market Estimates & Forecasts by Technology 2019-2028 (USD Billion)
7.4. Genotyping Assay Market, Sub Segment Analysis
7.4.1. Polymerase Chain Reaction (PCR)
7.4.2. Microarrays
7.4.3. Sequencing
7.4.4. Capillary Electrophoresis
7.4.5. MALDI-TOF
7.4.6. Other Technologies
Chapter 8. Global Genotyping Assay Market, by Application
8.1. Market Snapshot
8.2. Global Genotyping Assay Market by Application, Performance – Potential Analysis
8.3. Global Genotyping Assay Market Estimates & Forecasts by Application 2019-2028 (USD Billion)
8.4. Genotyping Assay Market, Sub Segment Analysis
8.4.1. Pharmacogenomics
8.4.2. Diagnostic & Personalized Medicine
8.4.3. Agricultural Biotechnology
8.4.4. Animal Genetics
8.4.5. Other Applications
Chapter 9. Global Genotyping Assay Market, by End User
9.1. Market Snapshot
9.2. Global Genotyping Assay Market by End User, Performance – Potential Analysis
9.3. Global Genotyping Assay Market Estimates & Forecasts by End User 2019-2028 (USD Billion)
9.4. Genotyping Assay Market, Sub Segment Analysis
9.4.1. Pharmaceutical and Biopharmaceutical Companies
9.4.2. Diagnostic and Research Laboratories
9.4.3. Academic Institutes
9.4.4. Other End Users
Chapter 10. Global Genotyping Assay Market, Regional Analysis
10.1. Genotyping Assay Market, Regional Market Snapshot
10.2. North America Genotyping Assay Market
10.2.1. U.S. Genotyping Assay Market Product & Service estimates & forecasts, 2019-2028 Technology estimates & forecasts, 2019-2028 Application estimates & forecasts, 2019-2028 End User estimates & forecasts, 2019-2028
10.2.2. Canada Genotyping Assay Market
10.3. Europe Genotyping Assay Market Snapshot
10.3.1. U.K. Genotyping Assay Market
10.3.2. Germany Genotyping Assay Market
10.3.3. France Genotyping Assay Market
10.3.4. Spain Genotyping Assay Market
10.3.5. Italy Genotyping Assay Market
10.3.6. Rest of Europe Genotyping Assay Market
10.4. Asia-Pacific Genotyping Assay Market Snapshot
10.4.1. China Genotyping Assay Market
10.4.2. India Genotyping Assay Market
10.4.3. Japan Genotyping Assay Market
10.4.4. Australia Genotyping Assay Market
10.4.5. South Korea Genotyping Assay Market
10.4.6. Rest of Asia Pacific Genotyping Assay Market
10.5. Latin America Genotyping Assay Market Snapshot
10.5.1. Brazil Genotyping Assay Market
10.5.2. Mexico Genotyping Assay Market
10.6. Rest of The World Genotyping Assay Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Thermo Fisher Scientific Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Illumina Inc.
11.2.3. QIAGEN Company
11.2.4. Agilent Technologies Inc.
11.2.5. Danaher Corporation
11.2.6. GE Healthcare Company
11.2.7. Fluidigm Corporation
11.2.8. PerkinElmer Inc.
11.2.9. Eurofins Scientific
11.2.10. Bio-Rad Laboratories Inc.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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