SNP genotyping market is anticipated to grow at a significant CAGR of 20.5% during the forecast period. The market is mainly driven by increasing R&D projects in genotyping domain, and rising funding in the biotechnology industry. The biopharmaceutical companies are investing heavily in the R&D projects, attributed to advances and discoveries. From genomics to personalized medicines, all the recent advancement has created significant scope in developing unique treatment options for various chronic diseases including Cancer, and other infectious diseases. There are around 8,000 medicines under clinical trials across the globe, owing to the robust investment and funding in R&D projects.
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Further, Biotechnology firms have successfully raised a significant amount from IPOs in the last few years. Despite the political disruptions, and increasing drug prices, biotechnology stocks performed reasonably well in recent times. These firms have developed groundbreaking SNP genotyping technologies. However, lack of skilled technicians, especially in developing countries, hampering the market growth, genotyping data analysis and management requires high technical knowhow. Currently, there is a relatively low number of professionals and experts working in this field in developing nations.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global SNP Genotyping Market by Technology
- TaqMan SNP Genotyping
- Massarray SNP Genotyping
- SNP GeneChip Arrays
- Other Technology
Global SNP Genotyping Market by End-User
- Pharmacogenomics
- Diagnostic Field
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
- CRISPR Therapeutics AG
- Danaher Corp.
- Deep Genomics
- Eurofins GSC Lux SARL
- Fluidigm Corp.
- General Electric Co.
- GENEWIZ
- Illumina, Inc.
- Integrated DNA Technologies, Inc.
- Intellia Therapeutics Inc.
- Merck KGaA
- Pacific Biosciences of California, Inc.
- Pathway Genomics Corp.
- PerkinElmer, Inc.
- QIAGEN N.V.
- Quantabio
- Roche Molecular Systems, Inc.
- Thermo Fisher Scientific, Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global SNP genotyping market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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