Press "Enter" to skip to content

Analysis of Genetic Testing Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Genetic

The “Genetic Testing Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Genetic Testing market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Genetic Testing market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The genetic testing market has experienced rapid growth in the past few years. The increasing technological advancements from the past few years have opened up several opportunities for market expansion. The rise in the prevalence of chronic diseases and the development of customized testing kits for niche therapeutic areas are aiding the rapid growth of the market.
  • According to a study published by NCBI, as of August 217, there were approximately 75,000 genetic tests available in the market. These include an approximate of 10,000 unique tests. Also, there has been an addition of more than 14,000 tests in the market since March 2014. With about 10 new tests increasing every day for more than four years, the genetic testing market gained high momentum in these years. This trend is expected to continue during the forecast period.
  • The increasing focus by governments of various countries, to regulate and create awareness regarding genetic tests, has successfully resulted in the faster adoption of these tests across the world. The increasing R&D funding, along with the strong market presence by major players in the market, has created a strong entry barrier for new market participants. Innovation in product design, improvement in quality, and strong distribution partnerships are key parameters to retain a competitive edge in the market.
  • The adoption of direct to consumer genetic testing kits in countries, like the United States, China, and Japan, is growing rapidly. With increasing technological adoptions, awareness programs, and a decline in costs, the market for DTC-GT kits is likely to witness a significant boost over the forecast period. Moreover, the untapped countries, like India and Australia, and other developing countries, are expected to offer a lucrative opportunity for players who are looking to establish their base in the genetic testing market.

    Get a Sample Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/13999639

    In Genetic Testing Market Report, Following Companies Are Covered:

  • Abbott Laboratories Inc.
  • Bio
  • Rad Laboratories
  • Danaher Corporation (Cepheid)
  • F. Hoffmann
  • La Roche Ltd
  • Illumina Inc.
  • 23andMe
  • Eurofins Scientific SE (Eurofins)
  • Genesis Healthcare
  • Luminex Corporation
  • Myriad Genetics Inc.
  • Precipio (Transgenomics Inc.)
  • Qiagen
  • Thermo Fisher Scientific Inc.

    Genetic Testing Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report includes an in-depth study of the genetic testing market. A genetic test is a test performed to identify the presence of a particular gene/s with a particular sequence of the genome. The gene/s can be identified either directly through sequencing or indirectly through various methods. Genetic testing practices are rapidly increasing in rare disease diagnostics and for personalized medicines, which in turn, is fueling the growth of this market.<

    Reasons for Buying Genetic Testing Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

    For More Information or Query or Customization Before Buying, Visit at – https://www.industryresearch.co/enquiry/pre-order-enquiry/13999639

    Key Market Trends:

    Molecular Testing Segment is Expected to Exhibit Fastest Growth Rate over the Forecast Period

    Molecular genetic testing is the study of single genes or short lengths of DNA, to identify the mutations that lead to a genetic disorder. Molecular genetic testing can be used to diagnose many of the genetic disorders, but this type of technology may not be appropriate for diagnosis of all the genetic conditions. For example, molecular genetic testing is available for diseases, such as cystic fibrosis, sickle cell anemia, and Tay-Sachs disease. The initial diagnosis of these disorders usually is established by other methods. Therefore, molecular genetic testing is subject to limitations that must be recognized when ordering such testing.

    The molecular testing market is growing at a good pace. Currently, most of the molecular tests involve either PCR or FISH. In addition, the microarray technology has made it possible to evaluate thousands of loci, which is extensively used for expression analysis, targeted to specific cell signaling pathways, and for metabolic pathways for pathological characterization of tumors as well. The advent of next-generation sequencing has also expanded the market studied in various fields, as it has brought a major increase in throughput capacity through automation, which ultimately leads to faster turnaround time and reduction in costs.

    North America Captured the Largest Market Share and is Expected to Retain its Dominance

    North America currently dominates the market for genetic testing, owing to factors, such as increasing demand for personalized genetic testing services in the region and rise in the prevalence of chronic disorders and genetic disorders. In the United States, two federal agencies have the primary authority to regulate genetic tests: the Food and Drug Administration (FDA) and the Centers for Medicare and Medicaid Services (CMS). In the past, the Federal Trade Commission (FTC) has also played a role in regulating genetic testing companies who advertised false and misleading claims about their products, but this agency currently plays a more minor role in this space.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Genetic Testing create from those of established entities?

    Purchase this Report (Price 4250 USD for single user license) – https://www.industryresearch.co/purchase/13999639

    Detailed TOC of Genetic Testing Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Emphasis on Early Disease Detection and Prevention
    4.2.2 Growing Demand for Personalized Medicine
    4.2.3 Increasing Application of Genetic Testing in Oncology
    4.3 Market Restraints
    4.3.1 High Costs of Genetic Testing
    4.3.2 Social and Ethical Implications of Genetic Testing
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Carrier Testing
    5.1.2 Diagnostic Testing
    5.1.3 Newborn Screening
    5.1.4 Predictive and Presymptomatic Testing
    5.1.5 Prenatal Testing
    5.1.6 Other Types
    5.2 By Disease
    5.2.1 Alzheimer’s Disease
    5.2.2 Cancer
    5.2.3 Cystic Fibrosis
    5.2.4 Sickle Cell Anemia
    5.2.5 Duchenne Muscular Dystrophy
    5.2.6 Thalassemia
    5.2.7 Huntington’s Disease
    5.2.8 Rare Diseases
    5.2.9 Other Diseases
    5.3 By Technology
    5.3.1 Cytogenetic Testing
    5.3.2 Biochemical Testing
    5.3.3 Molecular Testing
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories Inc.
    6.1.2 Bio-Rad Laboratories
    6.1.3 Danaher Corporation (Cepheid)
    6.1.4 F. Hoffmann-La Roche Ltd
    6.1.5 Illumina Inc.
    6.1.6 23andMe
    6.1.7 Eurofins Scientific SE (Eurofins)
    6.1.8 Genesis Healthcare
    6.1.9 Luminex Corporation
    6.1.10 Myriad Genetics Inc.
    6.1.11 Precipio (Transgenomics Inc.)
    6.1.12 Qiagen
    6.1.13 Thermo Fisher Scientific Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

    Our Other Reports:

    Train Seat Market Size & Share 2019 – Review, Key Findings, Company Profiles, Complete Analysis, Growth Strategy, Developing Technologies, Trends and Forecast by Regions

    Global DVD Rentals Market 2019 Industry Size, Growth Factor, Key Drivers, Segments, Share and Demand Analysis and 2024 Forecast Research Report,

    Polarizing Microscope Market Outlook by Industry Size, Leading Players, Development Status, Source of Power, Estimated CAGR, and Forecast 2019-2025

    Digital Market 2019 Global Industry Key Strategies, Historical Analysis, Segmentation, Application, Technology, Trends and Opportunities Forecasts to 2024

  • Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *