Fluorescent In Situ Hybridization Market is expected to display higher growth rate over the next seven years. Rapid surge in the fluorescent in situ hybridization probes market is credited to the rising demand for molecular diagnostic tools and increasing adoption of ISH technology. Growing prevalence of chronic diseases along with rising demand for rapid diagnostic techniques are anticipated to foster market growth over the forecast period.
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The key driving factors responsible for the growth of Fluorescent In
Situ Hybridization market :
Globally, the fluorescent in situ
hybridization (FISH) probe industry is predicted to generate massive revenue
over next seven years, providing numerous opportunities for market players to
invest for research and development in the FISH probe market. The conventional
methodologies such as clinical trials were influenced by factors such as the
growing competition, rising prices of medicines and strict governmental laws to
limit adverse effects on the environment. With advent of the In Situ
hybridization devices, such factors are significantly diminished due to
numerous advantages associated with fluorescent In Situ hybridization devices.
Benefits associated with adoption
of fluorescent In Situ hybridization devices are superior performance,
successful trials, reliability and short timeframes for execution of clinical
trial, and cost-effectiveness. Rising prevalence of cancer-related diseases is
expected to boost market demand fluorescent in situ hybridization probe
industry over the upcoming years. In addition, increasing adoption of DNA
probe-based diagnostics for identification of diseases that are caused by
pathogen or bacteria is estimated to drive market growth.
Rise in the number of incidence
related to genetic disorders, solid tumors, leukemia, autism, and other
syndromes are predicted to stimulate market demand for FISH Probe over the
forecast period. Fluorescent in situ hybridization probes offer an advanced
analytical method to monitor gene aberration, including gene amplification and
deletion. Fluorescent in situ hybridization probe (FISH Probe) is also
responsible for gene copy number change, chromosome translocation, gene
expression at RNA level, and bacterial detection.
The fluorescent in situ
hybridization probe market is broadly categorized into three major segments
based on the application type such as research and development labs, hospitals
& clinics, and companion diagnostics. The hospitals & clinics segment
is growing rapidly in the with substantial revenue generation in the last few
years. Growing popularity of fluorescent in situ hybridization probes in the
hospitals & clinics segment is attributed to the broad range of application
involving detection of genetic disorders, cancer, and infectious diseases.
The FISH probe industry is
divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in gene therapy, surge in number
of research & development activities in the region and existence of
well-established healthcare infrastructure.
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