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SNP Genotyping and Analysis Market is Expected to Reach to USD 9.5 Billion Globally by 2019: Transparency Market Research

October 25, 2013

NEW YORK, October 25, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research “SNP
Genotyping and Analysis Market (GeneChips, Taqman Allelic Discrimination, Pyrosequencing,
AB SNPlex, Sequenom MassARRAY MALDI-TOF): Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 – 2019,” the global SNP genotyping and analysis market was
valued at USD 2,385.2 million in 2012 and is expected to grow at a CAGR of 21.8% from 2013
to 2019, to reach an estimated value of USD 9,485.2 million by 2019.

Browse the full report with complete TOC at

http://www.transparencymarketresearch.com/snp-single-nucleotide-polymorphism-market.html

SNPs are the most commonly occurring genetic mutations that can be observed in a
genome. These are responsible for a person’s traits that include strengths and weaknesses.
These variations also lead to changes in crop yield, meat and dairy yield among several
other factors. The report evaluates the SNP genotyping market which is an aggregate of
three facets, instrumentation, reagents or consumables, and services. After the Human
Genome Project was concluded a need for faster and cheaper sequencing methods were
realized that led to revolutionary changes and eventually ended in vertical drop in
sequencing costs. Increasing global gene banks and databases have initiated a series of
research and development projects to understand potential of developing diagnostic tests
through rapid genotyping techniques.

The market can be perceived to be divided into instruments, reagents or consumables
and software and services. Since several technologies in the market are still in the
nascent phase, the instruments segment accounts for the largest share as of today but this
is expected to change as larger quantities of consumables are used in coming years. The
market growth for older systems rises mainly from reagents and consumables as there is low
involvement of specialized instrumentation or technologies. The market is expected to
decrease further as efforts are initiated to introduce new technologies in these regions
and phase out the slower and less efficient methods that are time consuming.

North America accounted for the largest market share in 2012 amongst other regions
that included Europe, Asia-Pacific and Rest of the World. Europe’s unstable economy has
continued to torment the genomics market which SNP genotyping is a part of. Increasing
demand from services, animal breeding and livestock, decreasing cost of products and
services should encourage the growth of the market in coming years. Asia-Pacific and
several countries in RoW region are expected to hold the largest potential in forecast
period in terms of revenue. The competitive landscape is oligopolistic. There are leaders
in individual market segments, yet in terms of overall popularity; Life Technologies
Corporation, Illumina Inc., Affymetrix Inc, Fluidigm, Sequenom and Roche are established
to be the key vendors operating in this market.

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The global SNP genotyping and analysis market is segmented into the following
categories:

SNP Genotyping and Analysis Market, by Technology

        - SNP GeneChips and Microarrays
        - Taqman Allelic Discrimination
        - SNP by Pyrosequencing
        - AB SNPlex
        - MassARRAY MALDI-TOF
        - Others

SNP Genotyping and Analysis Market, by Application

        - Pharmaceuticals and Pharmacogenomics
        - Diagnostic Research
        - Agricultural Biotechnology
        - Breeding and Animal Livestock

SNP Genotyping and Analysis Market, by Geography

        - North America
        - Europe
        - Asia-Pacific
        - Rest of the World (RoW)

Browse all Pharmaceutical Market Research Reports @

http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html

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Transparency Market Research is a global market intelligence company, providing global
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