Global Fluorescent in Situ Hybridization (FISH) Probe Market: (by Product, Technology, End User, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)

Global Fluorescent in Situ Hybridization (FISH) Probe Market: (by Product, Technology, End User, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)


Market Insight:

A fluorescent probe is used in a sub-atomic cytogenetic technique known as Fluorescent in Situ Hybridization (FISH) to visualize genetic material. They are used to spot chromosomal structural and numerical anomalies, monitor the effects of therapeutic drugs, and find unusual genetic illnesses.

FISH testing, as opposed to the commonly used normal cytogenetic (cell gene) tests, can spot tiny genetic alterations that are typically missed under the microscope. Because of this, these probes are frequently employed for the diagnosis, prognosis, and clinical treatment of cancer and genetic abnormalities. The global FISH probe market is anticipated to reach US$1.64 billion in 2023, growing at a CAGR of 8.11% over the projected period.

Segment Covered:
  • By Product: In terms of product, the report provides the bifurcation of the market into two segments: instrument/ software and consumables. The instrument/ software segment held the highest share in the market. On the other hand, the consumables segment is expected to grow at a significant CAGR in the forthcoming years, owing to the wide range of consumables used in the detection.
  • By Technology: On the basis of technology, the report provides the bifurcation of the market into three segments: Q FISH, Flow FISH and others. The Q FISH technology segment held the largest share in the market. This was being followed by Flow FISH technology segment. Growing demand for In Vitro Diagnostics (IVD) testing and targeted medicines around the world is also propelling this segment forward.
  • By End User: The report provides the bifurcation of the market into three segments based on the end user: clinical procedures, research and companion diagnostics. The clinical procedures segment held a major share in the market. This was being followed by research segment. The high share of clinical procedures can be attributed to the large number of diagnostic centers and their widespread use of FISH for diagnostic and prognostic purposes. The rise in the number of incidents related to genetic disorders, solid tumors, leukemia, autism, and other syndromes is predicted to stimulate market demand for FISH Probe over the forecast period, thus boosting the growth of clinical procedures segment.
  • By Application: According to the application, the report provides the bifurcation of the market into two segments: cancer diagnostics and other. The cancer diagnostics segment held a major share of in the market. The increase in the incidence rate of cancer cases is anticipated to drive the growth. Rising unhealthy lifestyle, aging population, health conditions, and environment are leading factors for causing cancers. With the rise in the number of cancer cases, the need for in FISH situ hybridization techniques for rapid and efficient diagnosis is high.
Geographic Coverage:

According to this report, the global FISH probe market can be divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America, based on the geographical operations. The countries covered in North America region are the US, Mexico, and Canada, while Europe includes UK, Germany, France, Spain, Italy and Rest of Europe. Moreover, China, Japan, India, South Korea, Australia and Rest of Asia Pacific are included in the Asia Pacific region.

North America held the maximum share in the market, owing to high incidence rate of genetic disorders leading to birth defects, developmental disabilities, and other metabolic syndromes. Within North America, the US is leading the market, due to the presence of a considerable number of market players and incentivized research projects by the regional government. Whereas, in the Europe region, Germany is dominating the market due to growing pharmaceutical and biotechnology sectors.

Top Impacting Factors:

Growth Drivers
  • Growing Aging Population
  • Rapid Urbanization
  • Increasing Prevalence of Cancer and Genetic Disorders
  • Growing Requirements For In Vitro Diagnostics (IVD) Testing
Challenges
  • Rising Pathologist Shortages
  • Lack Of Efficient Digitalization Solutions And Advanced Automation Capabilities
Trends
  • Escalating Demand for Big Data
  • FISH Automation
  • Driver: Growing Requirements For In Vitro Diagnostics (IVD) Testing
The growing requirements for In Vitro Diagnostics (IVD) testing and targeted therapies across the globe are boosting the market growth. In comparison to the traditionally used standard cytogenetic (cell gene) tests, FISH tests can identify minute genetic changes that are usually missed under the microscope. These probes are therefore widely used for the diagnosis, prediction of outcomes and clinical management of cancer and genetic disorders. The development of automated IVD systems for laboratories and hospitals provide efficient, accurate, and error-free diagnoses. Also, IVD products with molecular diagnostic capabilities deliver effective and accurate results. The with growth in IVD testing, the FISH In situ hybridization probe market is expected to propel during forecasted years.
  • Challenge: Lack Of Efficient Digitalization Solutions And Advanced Automation Capabilities
In addition to shortages in people sufficiently skilled to conduct analysis and interpretation of results, the FISH market is constrained by three other main factors. First, the fact that FISH data analysis is still carried out manually and subject to human judgment – mostly due to a lack of efficient digitalization solutions and software support – leaves significant room for improvement in the standardization of care. Second, current systems lack advanced automation capabilities, requiring sporadic human intervention to help along the process, which results in material time inefficiencies and introduces variability. Finally, diagnostic capabilities are unequally distributed, leading to large geographic variations in diagnostic quality.
  • Trend: FISH Automation
The benefits of automated FISH probe analysis compared with manual procedures are well-documented in scientific literature. Comparative studies have shown equivalent levels of clinical accuracy in identifying and classifying genetic markers between the two methods (>95% concordance, C. Ohlschlegel et al., 2013). Automatic analysis is considered to be at least as reliable as its manual alternative, removing the need for time-consuming case-by-case manual interpretation. The benefits of this are two-fold: First, automatic procedures are not subject to human judgment – which is intrinsically subjective and potentially misleading – resulting in a fully objective and unbiased classification of cells; Second, the analytical power of automated platforms relies on pre-defined, predictable parameters and is therefore highly replicable – which could contribute to the standardization of FISH overall, while reducing the need for highly-trained technicians and the impact of inherent variability. Thus, automation in the FISH In situ hybridization probe market is anticipated to propel the overall market growth during forecasted years.

The COVID-19 Analysis:

In 2020, the global in FISH situ hybridization probe market had seen an acceleration in its growth rate due to the terms left by COVID-19. The concept of in situ hybridization probe plays a crucial role in studying the biology of the novel virus and identifying its potential threats to the human body. Therefore, the governments of various countries and private institutions have increased their funding on in situ hybridization probe to conduct extensive R&D to figure out the related findings. However, the lockdown imposed worldwide has affected the research process by slowing them due to the unavailability of the workforce and created a gap between supply and demand. However, the global in situ hybridization probe market is forecasted to grow at a better growth rate.

Analysis of Key Players:

The FISH Probe market is a fragmented market. The industry is also filled with a myriad of small players who are, for the most part, overshadowed by bigger players due to their lack of distinctive product differentiation. The key players in the global FISH Probe market are:
  • Roche Holdings AG
  • Thermo Fisher Scientific Inc.
  • Bio-rad Laboratories, Inc.
  • Bio-Techne Corporation
  • Abbott Laboratories
  • Danaher Corporation
  • PerkinElmer, Inc.
  • Biocare Medical LLC
  • Agilent Technologies
  • Genemed Biotechnologies, Inc.
  • Sysmex Corporation
  • Abnova Corporation
  • LGC Group
Some of the strategies among key players in the market for FISH probe market are mergers, acquisitions, and collaborations. For instance, in 2022, Bio-rad Laboratories, Inc. announced that the company has reached an agreement to acquire all of the outstanding shares of Curiosity Diagnostics, Sp. Z. o. o. from Scope Fluidics, S.A. (WSE NewConnect: SCP), a Warsaw, Poland, based developer of innovative technology solutions for the medical diagnostic and healthcare markets. Whereas, PerkinElmer launched the Cellaca® PLX Image Cytometry System, a first-of-its-kind benchtop platform that enables researchers to assess multiple Critical Quality Attributes (CQAs) of cell samples in a single automated workflow.


1. Executive Summary
2. Introduction
2.1 FISH (Fluorescent In Situ Hybridization) Probe: An Overview
2.1.1 Definition of FISH (Fluorescent In Situ Hybridization) Probe
Table 1: Applications of FISH Probe
2.2 FISH Probe Segmentation: An Overview
2.2.1 FISH Probe Segmentation
Table 2: FISH Probe Segmentation
3. Global Market Analysis
3.1 Global FISH Probe Market: An Analysis
3.1.1 Global FISH Probe Market: An Overview
3.1.2 Global FISH Probe Market by Value
Table 3: Global FISH Probe Market by Value; 2017-2021 (US$ Billion)
Table 4: Global FISH Probe Market by Value; 2022-2027 (US$ Billion)
3.1.3 Global FISH Probe Market by Product (Instrument/ Software And Consumables)
Table 5: Global FISH Probe Market by Product; 2021 (Percentage, %)
3.1.4 Global FISH Probe Market by Technology (Q FISH, Flow FISH And Others)
Table 6: Global FISH Probe Market by Technology; 2021 (Percentage, %)
3.1.5 Global FISH Probe Market by End User (Clinical Procedures, Research And Companion Diagnostics)
Table 7: Global FISH Probe Market by End User; 2021 (Percentage, %)
3.1.6 Global FISH Probe Market by Application (Cancer Diagnostics And Other)
Table 8: Global FISH Probe Market by Application; 2021 (Percentage, %)
3.1.7 Global FISH Probe Market by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)
Table 9: Global FISH Probe Market by Region; 2021 (Percentage, %)
3.2 Global FISH Probe Market: Product Analysis
3.2.1 Global FISH Probe Market by Product : An Overview
3.2.2 Global Instrument/ Software FISH Probe Market by Value
Table 10: Global Instrument/ Software FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 11: Global Instrument/ Software FISH Probe Market by Value; 2022-2027 (US$ Million)
3.2.3 Global Consumables FISH Probe Market by Value
Table 12: Global Consumables FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 13: Global Consumables FISH Probe Market by Value; 2022-2027 (US$ Million)
3.3 Global FISH Probe Market: Technology Analysis
3.3.1 Global FISH Probe Market By Technology: An Overview
3.3.2 Global Q FISH Probe Market By Value
Table 14: Global Q FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 15: Global Q FISH Probe Market By Value; 2022-2027 (US$ Million)
3.3.3 Global Flow FISH Probe Market By Value
Table 16: Global Flow FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 17: Global Flow FISH Probe Market By Value; 2022-2027 (US$ Million)
3.3.4 Global Other Technology FISH Probe Market By Value
Table 18: Global Other Technology FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 19: Global Other Technology FISH Probe Market By Value; 2022-2027 (US$ Million)
3.4 Global FISH Probe Market: End User Analysis
3.4.1 Global FISH Probe Market By End User: An Overview
3.4.2 Global Clinical Procedures FISH Probe Market By Value
Table 20: Global Clinical Procedures FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 21: Global Clinical Procedures FISH Probe Market By Value; 2022-2027 (US$ Million)
3.4.3 Global Research FISH Probe Market By Value
Table 22: Global Research FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 23: Global Research FISH Probe Market By Value; 2022-2027 (US$ Million)
3.4.4 Global Companion Diagnostics FISH Probe Market By Value
Table 24: Global Companion Diagnostics FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 25: Global Companion Diagnostics FISH Probe Market By Value; 2022-2027 (US$ Million)
3.5 Global FISH Probe Market: Application Analysis
3.5.1 Global FISH Probe Market By Application: An Overview
3.5.2 Global Cancer Diagnostics FISH Probe Market By Value
Table 26: Global Cancer Diagnostics FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 27: Global Cancer Diagnostics FISH Probe Market By Value; 2022-2027 (US$ Million)
3.5.3 Global Other FISH Probe Market By Value
Table 28: Global Other FISH Probe Market By Value; 2017-2021 (US$ Million)
Table 29: Global Other FISH Probe Market By Value; 2022-2027 (US$ Million)
4. Regional Market Analysis
4.1 North America FISH Probe Market: An Analysis
4.1.1 North America FISH Probe Market: An Overview
4.1.2 North America FISH Probe Market by Value
Table 30: North America FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 31: North America FISH Probe Market by Value; 2022-2027 (US$ Million)
4.1.3 North America FISH Probe Market by Technology (Q FISH, Flow FISH and Others)
Table 32: North America FISH Probe Market by Technology; 2021 (Percentage, %)
4.1.4 North America FISH Probe Market Technology by Value
Table 33: North America FISH Probe Market Technology by Value; 2017-2021 (US$ Million)
Table 34: North America FISH Probe Market Technology by Value; 2022-2027 (US$ Million)
4.1.5 North America FISH Probe Market by Region (The US, Mexico, and Canada)
Table 35: North America FISH Probe Market by Region; 2021 (Percentage, %)
4.1.6 The US FISH Probe Market by Value
Table 36: The US FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 37: The US FISH Probe Market by Value; 2022-2027 (US$ Million)
4.1.7 Canada FISH Probe Market by Value
Table 38: Canada FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 39: Canada FISH Probe Market by Value; 2022-2027 (US$ Million)
4.1.8 Mexico FISH Probe Market by Value
Table 40: Mexico FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 41: Mexico FISH Probe Market by Value; 2022-2027 (US$ Million)
4.2 Europe FISH Probe Market: An Analysis
4.2.1 Europe FISH Probe Market: An Overview
4.2.2 Europe FISH Probe Market by Value
Table 42: Europe FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 43: Europe FISH Probe Market by Value; 2022-2027 (US$ Million)
4.2.3 Europe FISH Probe Market by Region (UK, Germany, France, Spain, Italy and Rest of Europe)
Table 44: Europe FISH Probe Market by Region; 2021 (Percentage, %)
4.2.4 Germany FISH Probe Market by Value
Table 45: Germany FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 46: Germany FISH Probe Market by Value; 2022-2027 (US$ Million)
4.2.5 United Kingdom FISH Probe Market by Value
Table 47: United Kingdom FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 48: United Kingdom FISH Probe Market by Value; 2022-2027 (US$ Million)
4.2.6 France FISH Probe Market by Value
Table 49: France FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 50: France FISH Probe Market by Value; 2022-2027 (US$ Million)
4.2.7 Italy FISH Probe Market by Value
Table 51: Italy FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 52: Italy FISH Probe Market by Value; 2022-2027 (US$ Million)
4.2.8 Spain FISH Probe Market by Value
Table 53: Spain FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 54: Spain FISH Probe Market by Value; 2022-2027 (US$ Million)
4.2.9 Rest of Europe FISH Probe Market by Value
Table 55: Rest of Europe FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 56: Rest of Europe FISH Probe Market by Value; 2022-2027 (US$ Million)
4.3 Asia Pacific FISH Probe Market: An Analysis
4.3.1 Asia Pacific FISH Probe Market: An Overview
4.3.2 Asia Pacific FISH Probe Market by Value
Table 57: Asia Pacific FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 58: Asia Pacific FISH Probe Market by Value; 2022-2027 (US$ Million)
4.3.3 Asia Pacific FISH Probe Market by Region (China, Japan, India, South Korea, Australia and Rest of Asia Pacific)
Table 59: Asia Pacific FISH Probe Market by Region; 2021 (Percentage, %)
4.3.4 China FISH Probe Market by Value
Table 60: China FISH Probe Market by Value, 2017-2021 (US$ Million)
Table 61: China FISH Probe Market by Value; 2022-2027 (US$ Million)
4.3.5 Japan FISH Probe Market by Value
Table 62: Japan FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 63: Japan FISH Probe Market by Value; 2022-2027 (US$ Million)
4.3.6 India FISH Probe Market by Value
Table 64: India FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 65: India FISH Probe Market by Value; 2022-2027 (US$ Million)
4.3.7 South Korea FISH Probe Market by Value
Table 66: South Korea FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 67: South Korea FISH Probe Market by Value; 2022-2027 (US$ Million)
4.3.8 Australia FISH Probe Market by Value
Table 68: Australia FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 69: Australia FISH Probe Market by Value; 2022-2027 (US$ Million)
4.3.9 Rest of Asia Pacific FISH Probe Market by Value
Table 70: Rest of Asia Pacific FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 71: Rest of Asia Pacific FISH Probe Market by Value; 2022-2027 (US$ Million)
4.4 Latin America FISH Probe Market: An Analysis
4.4.1 Latin America FISH Probe Market: An Overview
4.4.2 Latin America FISH Probe Market by Value
Table 72: Latin America FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 73: Latin America FISH Probe Market by Value; 2022-2027 (US$ Million)
4.5 Middle East and Africa FISH Probe Market: An Analysis
4.5.1 Middle East and Africa FISH Probe Market: An Overview
4.5.2 Middle East and Africa FISH Probe Market by Value
Table 74: Middle East and Africa FISH Probe Market by Value; 2017-2021 (US$ Million)
Table 75: Middle East and Africa FISH Probe Market by Value; 2022-2027 (US$ Million)
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on FISH Probe Market
5.1.2 Impact of COVID-19 on Research and Development
5.1.3 Post COVID-19 Impact on FISH Probe Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Aging Population
Table 76: Global Population Ages 65 and Above; 2017-2021 (Million)
6.1.2 Rapid Urbanization
Table 77: Global Urban Population; 2016-2021 (Billion)
6.1.3 Increasing Prevalence of Cancer and Genetic Disorders
6.1.4 Growing Requirements For In Vitro Diagnostics (IVD) Testing
6.1.5 Technological Advancements
6.1.6 Advantages of FISH Probe
6.2 Challenges
6.2.1 Rising Pathologist Shortages
6.2.2 Lack Of Efficient Digitalization Solutions And Advanced Automation Capabilities
6.3 Market Trends
6.3.1 Escalating Demand for Big Data
Table 78: Global Big Data Analytics Market; 2018-2022 (US$ Billion)
6.3.2 FISH Automation
7. Competitive Landscape
7.1 Global FISH Probe Players by Market Share
Table 79: Global FISH Probe Players by Market Share; 2021 (Percentage, %)
8. Company Profiles
8.1 Thermo Fisher Scientific Inc.
8.1.1 Business Overview
8.1.2 Operating Segment
Table 80: Thermo Fisher Scientific Inc. Revenues by Segment; 2021 (Percentage, %)
8.1.3 Business Strategy
8.2 Bio-rad Laboratories, Inc.
8.2.1 Business Overview
8.2.2 Operating Segment
Table 81: Bio-rad Laboratories, Inc. Net Sales by Segment; 2021 (Percentage, %)
8.2.3 Business Strategy
8.3 Roche Holdings AG
8.3.1 Business Overview
8.3.2 Business Segment
Table 82: Roche Holdings AG Revenues by Operating Segment; 2021 (Percentage, %)
8.3.3 Business Strategy
8.4 Bio-Techne Corporation
8.4.1 Business Overview
8.4.2 Operating Segment
Table 83: Bio-Techne Corporation Net Sales by Segment; 2022 (Percentage, %)
8.4.3 Business Strategy
8.5 Abbott Laboratories
8.5.1 Business Overview
8.5.2 Operating Segment
Table 84: Abbott Laboratories Sales by Segment; 2021 (Percentage, %)
8.5.3 Business Strategy
8.6 PerkinElmer, Inc.
8.6.1 Business Overview
8.6.2 Operating Segments
Table 85: PerkinElmer, Inc. Revenues by Operating Segments; 2021 (Percentage, %)
8.6.3 Business Strategy
8.7 Biocare Medical, LLC
8.7.1 Business Overview
8.7.2 Business Strategy
8.8 Agilent Technologies
8.8.1 Business Overview
8.8.2 Business Segment
Table 86: Agilent Technologies Net Revenue by Business Segment; 2021 (Percentage, %)
8.8.3 Business Strategy
8.9 Sysmex Corporation
8.9.1 Business Overview
8.9.2 Business Segment
Table 87: Sysmex Corporation Net Sales by Segment; 2021 (Percentage, %)
8.9.3 Business Strategy
8.10 Abnova Corporation
8.10.1 Business Overview
8.11 LGC Group
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 Genemed Biotechnologies, Inc.
8.12.1 Business Overview
8.13 Danaher Corporation
8.13.1 Business Overview
8.13.2 Operating Segments
Table 88: Danaher Corporation Sales by Segment; 2021 (Percentage, %)
8.13.3 Business Strategy

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