The global High Resolution Melting Analysis market size is expected to be worth around US$ 231.7 million by 2030, according to a new report by Vision Research Reports.
The global High Resolution Melting Analysis market size was valued at US$ 85.3 million in 2020 and is anticipated to grow at a CAGR of 19.8% during forecast period 2021 to 2030.
Growth Factors
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.
Report Highlights
Based on product type, HRM analysis market is segmented into instruments, reagents and software. High Resolution Melting (HRM) reagents emerged as one of the high potential product segments of HRM analysis market in 2014. This segment is anticipated to expand at CAGR of 12.0% between 2015 and 2022. Cost-effectiveness and increasing research regarding cancer, HIV, and other genetic disorders by universities and academic researchers are amongst the key factors that can be attributed for the segment’s high share.
HRM instruments segment is expected to be the largest segment of HRM analysis market over the forecast period. Growing application of HRM analysis for identification of candidate predisposition genes, DNA mapping, mutation discovery, and HLA typing are amongst the few factors expected to boost the segment growth. Continuously growing clinical industry has attracted private investors and resulted in increased government scrutiny around validation of clinical trials. The rate of investments in capital instrumentation is growing, especially in develop geographies like North America and Europe. This in turn is expected to bolster demand for HRM analysis market. This segment is 66.6% share in 2014.
The HRM software generally used in this market are LightCycler 480 Gene Scanning Software by Roche Diagnostics and high resolution melting (HRM) analysis software v2.0, software v3.0.1, software v1.0, & software v3.1 by Thermo Fisher Scientific Corporation. Rising awareness regarding the limitations of conventional systems over HRM in real-time and thermos optical analysis is one of the key factors expected to positively reinforce high resolution melting market growth. Software segment is expected to witness second fastest growth during the forecast period.
Academic research dominated the overall market in terms of revenue share of 77.01% in 2014 owing to the growing demand for simple and efficient molecular diagnostics and technological advancements from the traditional genotyping by the use of labeled probes for high-resolution melt analysis technique. Moreover, rising demand for fast and powerful genotype analysis of larger samples for massive scale genotyping projects is expected to positively reinforce the demand for high resolution melting (HRM) analysis market over the forecast period.
High growth opportunities in the biotechnology research, well-established reimbursement policies, growing government investments in academic institutions. and favorable regulatory framework are key factors fueling the growth of academic research segment. Moreover, according to the OECD, there has been a significant growth in the number of patents issued in the field of biotechnology owing to the importance provided to intellectual property and development in developments in the fields of molecular biology, biotechnology, and medicine is expected to increase demand for HRM products in academic research segment.
Clinical diagnostics is anticipated to be the fastest growing segment in HRM analysis market. Growing laboratory automation is one of the primary reasons for the rapid growth of this segment. According to the data published by The National Center for Biotechnology Information in 1998, mutation in the BRCA1 & BRCA2 genes leads to an increased susceptibility to breast or other cancers. High Resolution Melting analysis method proved to be suitable for detecting over 400 gene mutations in a sample for cancer detection. In addition, increasing prevalence of diseases such as cancer, HIV, AIDS, sickle cell, and gastroesophageal reflux diseases is expected to positively reinforce the demand for HRM analysis products in clinical labs and in turn boosting revenue growth of clinical diagnostic end use segment.
North America accounted for the largest market share of 41.6% in 2014. Key factors attributing to its high revenue share are high investment in research and development, presence of high quality healthcare infrastructure, availability of better reimbursement options, and. technological advancements. Furthermore, high awareness about different diagnostic tools available and associated benefits are the key forces impacting overall HRM analysis market growth.
Asia Pacific region is expected to be the fastest growing market over the forecast period. Key factors contributing to it are high population growth, increase in number of cancer cases and other chronic diseases leading to high unmet medical needs. Furthermore, growth of the overall in vitro diagnostics market in this region is expected to serve as a high impact rendering driver over the forecast period
Europe is anticipated to be the second largest market with revenue share of 37.8% in 2014. Increasing public and private investment in R&D, higher international R&D investment, increasing demand for advanced technology in research instruments are some of the key factors expected to boost the revenue growth. Germany is the fastest growing HRM analysis market in Europe, expanding at CAGR of 10.1% between 2015 and 2022. Germany ranks 20th on the list of countries for ease of doing business. According to the World Bank, Germany’s total healthcare expenditure was estimated to be nearly 11.3% of GDP. Increasing government investment owing to growing public finances, structural reforms, robust institutional framework, and rising competitiveness are amongst the few factors responsible for driving the HRM market growth over the forecast period
Key Players
Idaho Technology, Inc., Thermo Fisher Scientific Corporation, Roche Molecular Systems, Kapa Biosystems, Qaigen, Bio - Rad Laboratories and PREMIER Biosoft.
Market Segmentation
Product Outlook
Reagents
Instruments
Software
End-Use Outlook
Academic Research
Clinical Diagnostics
Application Outlook
Detection of Acquired Mutations/Mutation Scanning/SNP Typing
Microbial Species Identification
Zygosity Testing
Epigenetics/Methylation Profiling
Regional Outlook
North America
U.S.
Canada
Europe
UK
France
Germany
Asia Pacific
Japan
China
Latin America
Brazil
MEA
South Africa
The High Resolution Melting Analysis market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of High Resolution Melting Analysis market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global High Resolution Melting Analysis market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the High Resolution Melting Analysis market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted High Resolution Melting Analysis market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the High Resolution Melting Analysis capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of High Resolution Melting Analysis by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global High Resolution Melting Analysis market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major High Resolution Melting Analysis market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of High Resolution Melting Analysis market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the High Resolution Melting Analysis industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The High Resolution Melting Analysis market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to High Resolution Melting Analysis market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of High Resolution Melting Analysis market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new High Resolution Melting Analysis market. These factors have benefited the growth of the global market for High Resolution Melting Analysis. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for High Resolution Melting Analysis. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of High Resolution Melting Analysis are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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