In Situ Hybridization Market Size Worth $2.6 Billion by 2028: Grand View Research, Inc.

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17 Feb, 2022, 10:45 GMT

SAN FRANCISCO, Feb. 17, 2022 /PRNewswire/ -- The global in situ hybridization market size is expected to reach USD 2.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2021 to 2028. The growing popularity of in-vitro diagnostics over conventional disease diagnostic methods has majorly driven the ISH market over the past years.

Key Insights & Findings from the report:

The FISH segment accounted for the highest revenue share in 2020 owing to the technological advancements with respect to automation for 3D evaluation of the chromosomes
The DNA probes segment accounted for the largest revenue share in 2020 and is expected to maintain its dominance during the forecast period owing to increasing DNA-based studies for better disease understanding
The RNA probes segment is expected to witness the fastest growth over the forecast period attributed to the increasing investment flow for RNA-based diagnostics
The instruments segment dominated the market due to their high cost as well as usage rate
The services segment is expected to witness a substantial CAGR over the forecast period owing to the increasing outsourcing research and development process
The cytogenetics segment showcased a notable CAGR during the forecast period due to the wide acceptance of molecular genetics to study disease at the chromosomal level
The hospitals and diagnostics laboratories segment dominated the market in 2020 owing to the increasing demand for rapid and accurate diagnostic techniques
North America has emerged as the highest revenue-generating region in 2020 attributed to the confluence of several factors including high prevalence of cancer, presence of key players, and well-established healthcare infrastructure
Asia Pacific is anticipated to witness the fastest CAGR throughout the forecast period anticipated to the region that China and India are contributing majorly to the regional ISH's growth in the region through their constantly expanding healthcare sector
Key players are undertaking various strategic initiatives such as mergers & acquisitions to maintain their presence in the market
In August 2020, Bio-Techne Corporation and Leica Biosystems collaborated for the automation of RNA scope COVID-19 probes on Bond RX for research purposes

Read 117-page market research report, "In Situ Hybridization Market Size, Share & Trends Analysis Report by Technology (FISH, CISH), By Probe Type (DNA, RNA), By Product, By Application, By End-user (CROs), By Region, And Segment Forecasts, 2021 - 2028", published by Grand View Research.

In Situ Hybridization Market Growth & Trends

The market is gaining momentum in breast cancer with the FISH test. For instance, Roche offers a comprehensive ISH workflow solution with automated assay and digital pathology for breast cancer. Thus, increasing the scope of application is expected to drive the market to a major extend. In addition, technological advancements in instruments have fueled the market growth.

The COVID-19 is found to have a mixed impact on the market space. Social distancing mandates and lockdown policies have negatively affected the market to a considerable extent. However, the pandemic has opened new opportunities for operating entities by allowing them to deploy ISH methods in the R&D of COVID-19 related programs.

The leading institutions and market competitors are now focusing on designing fluorescence in situ hybridization probes to visualize COVID-19 RNA in the infected cells. FISH has proven to offer relevant information on the virus at a cost-effective method.

In Situ Hybridization Market Segmentation

Grand View Research has segmented the global in situ hybridization market based on technology type, probe, product, application, end-use, and region:

In Situ Hybridization Technology Outlook (Revenue, USD Million, 2017 - 2028)

Fluorescent In Situ Hybridization (FISH)
Chromogenic In Situ Hybridization (CISH)

In Situ Hybridization Probe Type Outlook (Revenue, USD Million, 2017 - 2028)

In Situ Hybridization Product Outlook (Revenue, USD Million, 2017 - 2028)

Instruments
Kits and Probes
Software
Services

In Situ Hybridization Application Outlook (Revenue, USD Million, 2017 - 2028)

Cancer
Cytogenetics
Developmental Biology
Infectious Diseases
Others

In Situ Hybridization End-use Outlook (Revenue, USD Million, 2017 - 2028)

Hospitals & Diagnostic Laboratories
Contract Research Organizations (CROs)
Academic & Research Institutions
Others

In Situ Hybridization Regional Outlook (Revenue, USD Million, 2017 - 2028)

North America

U.S.
Canada

Europe

U.K.
Germany
Italy
France
Spain

Asia Pacific

Japan
China
India
South Korea
Australia

Latin America

Brazil
Mexico

South Africa
Saudi Arabia

List of Key Players of In Situ Hybridization Market

Thermo Fisher Scientific
Leica Biosystems Nussloch GmbH
BIO VIEW
Agilent Technologies
Merck KGaA
PerkinElmer, Inc.
Bio-Rad Laboratories, Inc.
NeoGenomics Laboratories, Inc.
Advanced Cell Diagnostics, Inc.
Oxford Gene Technology

Check out more related studies published by Grand View Research:

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Browse through Grand View Research's Other Biotechnology Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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