High Resolution Melting Analysis Market To Be Driven By Rising Application Scope In Epigenetics, Mutation Scanning, Cancer And HIV Diagnostics Till 2022: Grand View Research, inc.
Global High Resolution Melting (HRM) market is expected
to reach USD 131.7 billion by 2022 according to a new report by Grand View
Research Inc.
Increasing incidences of cancer,
sickle cell anemia, HIV and other STDs are expected to positively reinforce
demand for smart and simple molecular diagnostics. According to the Genetic and
Rare Diseases Center (GARD) in 2014, 10% of the U.S. population that is nearly
30 million people were suffering from genetic disorders. Some key disease
statistics are reported below:
- As per the estimates provided by CDC, number of acute
cases of hepatitis C reported in the United States increased from 1,778 to
2,138 from 2012 to2013
- According to the UNAIDS report, out of the 36.9
million people that are suffering with HIV/AIDS, 17.1 million are unaware
about disease occurrence due to unavailability of testing services
- As per the WHO estimates in 2015, there are over
130-150 million people suffering with HCV globally
Based on analyzing the disease
trends and relatively lower treatment rates suggests that the demand for gene
mutation and other genomic tests are expected to increase significantly over
the next few years. Recent developments in the field of QPCR, next generation
sequencing, genomics and big data analytics have been instrumental in
strengthening the precision medicine approach. The U.S. FDA has already
approved some of the treatments which are designed to meet the requirements of
a specific genetic makeup or the genomic profile of the patient’s tumor.
For instance, the U.S FDA has
approved a new treatment for cystic fibrosis (CF) in January, 2012. The drug
kalydeco was approved for patients reported to have a specific genetic mutation
known as “G551D mutation. The number of mutations which can lead to CF is in
hundreds, and the G551D mutation is responsible for nearly 4% of the cases in
the U.S.
Furthermore, in 2015, the Obama
administration has announced the Precision Medicine Initiative with an
investment of USD 216 million in the 2016 president's budget. This initiative
is expected to positively reinforce the HRM analysis market over the forecast
period.
North America High Resolution
Melting analysis market by product, 2012 - 2022 (USD Million)
Browse full research report on
High Resolution Melting Analysis Market
Further key findings from
the report suggest:
- In 2014,
North America dominated the overall HRM analysis market with a share of
nearly 42%. Key factors attributed are high disease prevalence rates,
presence of large number of academic universities; strong pharmaceutical
and biotech industry, presence of large number genetic testing centers,
and rapid adoption of novel technologies for improving the healthcare
outcomes.
- Asia pacific
is identified as the fastest growing region over the forecast period. Key
reasons attributed are increasing public and private expenditure on
molecular diagnostics and genetic testing, increasing prevalence of
genetic disorders, and increasing burden of chronic diseases such as
cancer, COPD, HIV and others.
- Key market
players in the High Resolution Melting analysis market include, Roche
Molecular Systems, Idaho Technology Corporation, Kapa Biosystems, Thermo
Fisher Scientific, Premier Biosoft and Qiagen. Furthermore, Roche
Molecular Systems leads the industry with the highest R&D expenditure
and commands a significant market share.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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