Global FISH Probe Market 2016-2020
About FISH Probe
FISH probe is a molecular diagnostic technique that utilizes labeled DNA probes to either detect or confirm gene or abnormalities in the chromosome.
Technavio’s analysts forecast the global fish probe market to grow at a CAGR of 7.34% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fish probe market for 2016-2020. To calculate the market size, we use the revenue generated from the sale of FISH probes.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fish Probe Market 2016-2020
Technavio recognizes the following companies as the key players in the report global fish probe market: Agilent Technologies, Genemed Biotechnologies, Roche Diagnostics, Thermo Fisher Scientific, Abnova Corporation, Abbott Molecular, BioDot, EXIQON, Bio-Rad Laboratories, Oxford Gene Technology, Perkin Elmer, and Sigma Aldrich
Commenting on the report, an analyst from Technavio’s team said that increased demand for IVD testing for disease detection is one the key trends. IVD helps diagnose, monitor, and assess medical conditions, infections, and diseases in a controlled environment. These tests aid in the early diagnosis of diseases by improving control on test procedures and deliver accurate results, leading to quality treatment and shorter hospital stays, thus saving healthcare cost. They are also minimally invasive and help in lowering treatment costs.
According to the report, increasing demand for personalized medicines is one of the drivers promoting growth. Targeted, individualized, or personalized medicine helps provide tailor-made treatments to individual patients. It aims to increase the efficacy of therapeutics through genetic testing and CD. Personalized therapeutics and associated CD are more precise and effective, thereby giving pharma/biotech companies a substantial advantage to recover R&D costs. Personalized medicine reduces the frequency of adverse drug reactions, thus having a big impact on health economics.
Further, the report states that lack of skilled professionals is one of the challenges that the market is facing. FISH probe instruments are often large and complex and require sophisticated software for various measurement procedures. To operate an instrument and analyze a sample, the user must have a significant level of training with the method and the device, as well as the software required to run the analysis and collect the data. The identification of the reagents or markers and their quantity for each test differs, which makes the process difficult. Therefore, companies need to invest heavily in providing training to their employees in the usage of FISH probes. The process involves sample preparation, handling, analysis, rendering, and interpreting the data.
Agilent Technologies, Genemed Biotechnologies, Roche Diagnostics, Thermo Fisher Scientific, Abnova Corporation, Abbott Molecular, BioDot, EXIQON, Bio-Rad Laboratories, Oxford Gene Technology, Perkin Elmer, and Sigma Aldrich