The most recent study conducted by Report Ocean, titled “Global Situ Hybridization Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Situ Hybridization. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global In Situ Hybridization Market to reach USD 2422.1 billion by 2027.Global In Situ Hybridization Market is valued approximately at USD 1,333.5 million in 2020 and is anticipated to grow with a healthy growth rate of more than 8.9% over the forecast period 2021-2027. In Situ Hybridization is a technique that allows for precise localization of a specific segment of nucleic acid. It is used in cancer, cytogenetics, development biology, infectious diseases, and others. The increasing cases of cancer is expected to lead to the adoption of In Situ Hybridization across the forecast period. For Instance: according to American Cancer Society in 2020, the number of cancer cases are increasing rapidly .
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
According to World Health Organization in 2020, 2.26 million breast cancer cases were estimated. The cases of lung, colon and prostate cancer are also growing rapidly. According To American Cancer Society in 2018, there were 17.0 million cancer cases globally which is estimated to reach approximately 27.5 million cases by 2040. Rising demand for molecular diagnostic tools anticipating the market growth of in situ hybridization Also, with the technological advancement and introduction of advanced probe-based technologies, the adoption & demand for In Situ Hybridization is likely to increase the market growth during the forecast period. However, high cost of in situ hybridization impedes the growth of the market over the forecast period of 2021-2027.
The geographical regions considered for the global In Situ Hybridization market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is dominating the market as the leading region across the world in terms of largest revenue share due to the growing healthcare expenditure, increasing number of patients. Whereas, Asia-Pacific is also estimated to attain maximum growth rate during 2021-2027. Factors such rising research and development activities and improving healthcare infrastructure would create beneficial growth scenario for the In Situ Hybridization market across Asia-Pacific region.
Major market player included in this report are:
Leica Biosystems Nussloch GmbH
Merck KGaA
Thermo Fisher Scientific
Agilent Technologies
BIO VIEW
PerkinElmer Inc.
NeoGenomics Laboratories, Inc.
Bio-Rad Laboratories, Inc.
Oxford Gene Technology
Advanced Cell Diagnostics, Inc.
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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 Technology:
Fluorescent In Situ Hybridization
Chromogenic In Situ Hybridization
By Probe:
DNA
RNA
By Product:
Instruments
Kits & Probes
Software
Services
By Application:
Cancer
Cytogenetics
Developmental Biology
Infectious Diseases
Others
By End-Use:
Hospitals & Diagnostic Laboratories
CROs
Academic& Research Institutes
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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