In a recent published report, Kenneth Research has updated the market report for In situ Hybridization Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for In situ Hybridization Market products.
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The global In situ HybridizationMarketwas valued at USD 556.87 million in 2016 and is projected to reach USD 921.82 million by 2025, growing at a CAGR of 5.76% from 2017 to 2025.
In situ hybridization (ISH) is a type of hybridization that uses a labeled complementary DNA, RNA or modified nucleic acids strand (i.e., probe) to localize a specific DNA or RNA sequence in a portion or section of tissue (in situ).
1. Market Drivers
1.1 Increasing prevalence of cancer disease
1.2 Increasing diagnosis of cancer disease
1.3 Advancement in therapeutics technology
1.4 Rising government initiatives
1.5 Increasing demand of accurate prognostic tools
1.6 Increasing healthcare expenditure
2. Market Restraints
2.1 High Cost of Advanced Instruments
2.2 Lack of Professionals
1. Global In situ Hybridization Market, by End User:
1.1 Molecular Diagnostic Laboratories
1.2 Pharmaceutical & Biotechnology Companies
1.3 Contract Research Organizations (CROS)
1.4 Academic & Research Institutions
2. Global In situ Hybridization Market, by Application:
2.1 Cancer Diagnosis
2.5 Infectious Diseases
3. Global In situ Hybridization Market, by Technique:
3.1 Fluorescence In Situ Hybridization Market (FISH)
3.2 Chromogenic In Situ Hybridization Market (CISH)
4. Global In situ Hybridization Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. ABBott Laboratories, Inc.
2. F.Hoffmann-La Roche Ltd.
3. Thermofisher Scientific, Inc.
4. Merck KGaA
5. Agilent Technologies, Inc.
6. Perkin Elmer, Inc.
7. Danaher Corporation / Leica Biosystems Nussloch GmbH
8. Exiqon A/S
9. Biogenex Laboratories, Inc.
10. Advanced Cell Diagnostics, Inc
11. Bio Sb, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the In situ HybridizationMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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