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Fluorescence In-situ Hybridization Probe Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4193

Fluorescence In-Situ Hybridization Probe Market is likely to depict a significant growth through 2027 due to the rise in the incidences of chronic diseases, including genetic and cancer disorders. According to WHO estimates, genetic disorders and congenital abnormalities occur in nearly 2% to 5% of live births, accounting for up to 30% of pediatric hospital admissions, while leading to 50% of childhood deaths in industrialized countries.
 

Fluorescence in-situ hybridization (FISH) technique boasts of wide applications in the diagnostics industry like identification of structural and numerical anomalies in chromosomes, therapeutic drug monitoring, characterization of marker chromosomes, and rare and genetic disease identification. It also has applications in clinical research including gene mapping and characterization of somatic cell hybrids.

 

The fluorescence in-situ hybridization probe market growth is further propelled by rising R&D initiatives by prominent industry players for the development of specific biomarkers and pipeline products. Besides, the growing cognizance coupled with the increasing healthcare expenditure and development of novel probes is as well likely to stimulate the FISH probe market progression over 2021-2027.
 

Huge financial costs associated with fluorescence in-situ hybridization probes, market presence of other economical alternatives, and lack of skilled professionals and knowledge of the technology are some of the restricting factors hindering the market growth.
 

Based on the type of technique, Flow-FISH segment is anticipated to account for lucrative gains over the forthcoming years. The technique is suitable for concomitant detection of protein and RNA. This enables the identification of cells that express a gene and also simultaneously convert it into protein. The technique is also being used as a diagnostic test for telomere length measurement in humans.
 

FISH probes are being largely used for lung cancer detection. Owing to this, the lung cancer application segment across the florescence in-situ hybridization probe market would grow at a considerable pace through 2027. This can be ascribed to the rising cases of lung cancer worldwide. As per Cancer.org, lung cancer is considered to be one of the leading causes of cancer deaths, accounting for 25% of all cancer deaths globally. FISH probes detect chromosomal alternations that underlie the progression and development of lung cancer, and pinpoints targets of new anticancer drugs.
 

North America fluorescence in-situ hybridization probe market is slated to account for notable growth in the coming years, driven by the rising incidences of genetic disorders, and cancer in the developed economies. According to reliable estimates, genetic disorders are likely to affect the lives of nearly 500,000 children in Canada. FISH probes are estimated to offer high accuracy in the detection of chromosomal abnormalities leading to such disorders. Besides, growing cognizance among people pertaining to early diagnosis of genetic disorders, high established R&D infrastructure, and increasing disposable income would further expand the growth prospects of regional market.
 

Leading players operating in the global fluorescence in-situ hybridization probe market include Abnova Corporation, Abbott Laboratories, F. Hoffmann-La Roche AG, PerkinElmer, and Biosearch Technologies (LGC Ltd.) amongst others. These companies are taking up organic strategies like acquisitions and mergers, partnerships, and product launches to strengthen their position in the overall market.
 

COVID-19 pandemic impact on fluorescence in-situ hybridization probe market trends

The novel outbreak of coronavirus pandemic has had a severe impact on different industries. Lockdown imposed by various government officials and movement restrictions has crippled product demand across various business spaces. However, the medical and healthcare industry had been positively influenced due to the infection spread, thus complementing the business sphere of market.
 

The fluorescence in-situ hybridization probe market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, by Technique

  • Q-Fish
  • Flow-Fish
  • Other-Fish

Market, by Probe Type

  • DNA
  • RNA

Market, by Application

  • Cancer diagnosis
    • Lung cancer
    • Breast cancer
    • Bladder cancer
    • Hematological cancer
    • Others
  • Genetic diseases
  • Others

Market, by End-use

  • Research & academic institutes
  • Diagnostic centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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