Cells are created and destroyed in the body every day, but, often, the system malfunctions. When this happens, the proliferation rate of cells becomes drastically higher than that of apoptosis and autophagy, which are both forms of normal cell death. This is what eventually causes cancer, which is responsible for over 9.5 million human deaths each year, according to the World Health Organization (WHO). Due to the growing prevalence of this disease, the investments on research and development (R&D) activities, aimed at understanding how cancer forms and can be treated, are increasing.
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As a result of the robust R&D, the molecular cytogenetics market is expected to grow to $3.3 billion by 2023, from $1.8 billion in 2017, at a CAGR of 9.9% during 2018–2023. Molecular cytogenetics involves studying the cell on the chromosomal level, to understand the formation of tumors, so that effective ways to deal with them can be devised. Now, though the basic chromosomal structure is same and everyone has 46 chromosomes in 23 pairs, there is slight difference somewhere, otherwise all people would be the same.
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To accomplish such studies, a variety of software and services, instruments, and consumables are required. Among these, consumables witness the highest demand, as they are repeatedly used during such studies, which leads to a depletion of the stock rather quickly. On the other hand, instruments are majorly the electronic equipment used for the purpose, and they are a long-term investment. In the coming years, the demand for software and services is predicted to grow the fastest, as owing to new breakthroughs in the field, advanced software is being released by device manufacturers. Similarly, several expensive and time-consuming processes are being outsourced, thereby leading to the rising demand for such services
This study covers
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders