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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 668.67 Million
- Forecast CAGR (2021-2026): 7.4%
- Forecast Market Size (2026): USD 1026.21 Million
The demand for in-vitro diagnostics (IVD) testing for the detection of numerous chronic illnesses is increasing, which in turn is driving the growth of the market. The high degree of dependability, speed, and sensitivity of the FISH probe method is linked to the growing need for IVD, which is pushing up the demand for the FISH probe market. Moreover, in medical diagnostics, DNA probe-based diagnostics is gaining popularity for determining suspected illnesses caused by pathogens or bacteria. In addition, the identification of new sectors for diagnostic markets, greater automation of diagnostic procedures, and investments in pharmacogenomics and pharmaceutical research are all driving the industry forward. Over the forecast period, the rising frequency of genetic diseases including Acute Lymphoblastic Leukemia (ALL) is expected to fuel market expansion.
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Industry Definition and Major Segments
FISH (Fluorescent In Situ Hybridisation) is a molecular cytogenetic method that employs fluorescent probes that bind to just the portions of a nucleic acid sequence that have a high degree of sequence complementarity. The method was created in the 1980s by researchers to detect the presence of specific sequences of DNA on chromosomes.
The industry can be broken down based on technology into:
- Flow FISH
- Q FISH
- Other FISH
Based on type, the market is bifurcated into:
The RNA segment can be further divided into mRNA, miRNA, and other.
The industry can be categorized by application into:
- Cancer Research
- Genetic Diseases
The cancer research segment can be further classified into lung, breast, bladder, hematological, gastric, prostate, cervical, and other.
By end-use, the market is segregated into:
- Companion Diagnostics
Regionally, the industry can be segmented into:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Recently, some key industrial developments have showcased the potential to drive the growth of the market over the forecast period. For example, BCL2 Breakapart, 57 BCL6 Breakapart, 58 CCND1 Breakapart, 58 IGH Breakapart, 59 IGH/BCL2 Translocation, Dual Fusion, and 60 IGH/CCND1 Translocation, Dual Fusion are some of the new products for multiple myeloma FISH probes, which have been introduced by CytoCell.
Key Market Players
The major players in the market are Oxford Gene Technology (OGT) Group, PerkinElmer Inc., Abnova Corporation, LGC Limited, Genemed Biotechnologies Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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