SNP genotyping is a technique used to measure genetic variations of single nucleotide polymorphisms (SNPs) between members of a species or paired chromosomes in an individual. It is a sequence of techniques used to determine the alleles of a genome at the SNP gene locus. The technology finds its utility in applications such as targeted genotyping, whole genome genotyping, and re-sequencing among others.

The Global SNP Genotyping and Analysis Market is estimated to be valued at US$ 10.50 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 To 2031.



Key Takeaways



Key players operating in the SNP Genotyping and Analysis Market are BASF SE, Dow, DuPont, Kerry Group , Koninklijke DSM N.V. , Akzonobel N.V., Evonik Industries AG, Clariant , Solvay SA , Archer Daniels Midland Company , Cargill, Incorporated, The Lubrizol Corporation , Stepan Company. Secondly, rising SNP Genotyping and Analysis Market Demand for personalized medicine and growing applications of SNP genotyping in pharmacogenomics, agricultural and animal research are expected to offer significant opportunities for market players. Thirdly, key players in SNP genotyping and analysis market are focused on geographical expansions and new product launches to cater to the rising global demand.



Market Drivers

Rising demand for personalized medicine is one of the key driver for the global SNP genotyping and analysis market. Personalized medicine helps in disease prevention and health management based on individual variation in genes, environment and lifestyle. SNP genotyping plays a crucial role in personalized medicine by helping to understand individual genetic variations.



Market Restrains

High cost of SNP genotyping instruments and assays is a major challenge for small laboratories and research institutes, thus hindering the market growth. Additionally, lack of knowledgeable professionals for data handling and interpretation poses a challenge for wider adoption of SNP genotyping technologies.



Segment Analysis

The SNP Genotyping and Analysis Market Regional Analysis  is dominated by microarrays sub-segment. Microarrays hold the largest market share as they provide high-throughput genotyping in a cost effective manner and are commonly used technology in research laboratories across the world. Advancements in DNA microarray technologies have enabled analyzing thousands of single nucleotide polymorphisms simultaneously at low costs. High adoption of DNA microarrays for genotyping is the major factor contributing to its market dominance.



The sequencing sub-segment is expected to exhibit high growth over the forecast period. Next generation sequencing technologies are gaining popularity for SNP genotyping due to their ability to analyze entire human genome sequences. Further developments are reducing sequencing costs and turnaround times, making them an attractive alternative to microarrays. Increasing uptake of NGS technologies in clinical settings will support the growth of sequencing sub-segment during the forecast period.



Global Analysis

North America dominated the global SNP genotyping and analysis market in 2020 owing to presence of majority of key players and increased R&D investments in genomics and precision medicine in the region. Rising incidence of chronic diseases coupled with advancing genome analysis technologies are strengthening the regional market growth. Asia Pacific is anticipated to emerge as the fastest growing regional market between 2024-2031. Increasing government support for genomics research, rising healthcare expenditure, growing population and incidence of genetic disorders in the region is boosting market expansion in Asia Pacific.

Additionally, availability of low-cost genotyping services in countries like India and China further stimulates market growth. Europe holds significant market share with ongoing advancement in genetic research and clinical testing. However, regulatory and ethical issues related to genetic data may hinder the market progress to some extent.

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)