Market Synopsis of Global Genetic
testing Market:
Market Scenario:
Genetic testing has gained popularity over the last
few years for detection and prevention of genetic diseases, cancer, etc. The
increasing awareness among the population regarding early diagnosis coupled
with rising expenditure on preventive measures has fueled demand in the market.
It is likely to continue favoring the genetic testing market over the next
couple of years.
The technological advancements introduced in the
genetic testing market that offers enhanced efficiency and accuracy is expected
to fuel demand during the projection period. Adoption of non-invasive genetic
testing technology is projected to accelerate revenue creation for market
players across the review period.
Genetic
testing involves the use of laboratory methods to study the genes inherited
from mother or father. These tests may be used to identify increased risks of
health problems, to diagnose the mutations in the genes, to choose treatments,
or to assess responses to treatment.
The
Global Genetic testing market is growing moderately. It is growing at the CAGR
of ~9.8% during the forecast period. The global genetic testing market expected
to reach USD 10,033.4 million by 2023 from USD 4,683 in 2016.
Key Players
Some of the key players in this
market are:
·
Abbott Laboratories (US)
·
Bio-Rad Laboratories, Inc. (US)
·
Illumina Inc. (US)
·
Myriad Genetics (US)
·
PerkinElmer Inc. (US)
·
QIAGEN N.V. (Germany)
·
Quest Diagnostics (US)
Segments:
Global genetic testing market has been segmented on
the basis of type which prescribed genetic testing, and direct to consumer
(DTC) genetic testing. Prescribed Genetic Testing accounted for the largest
market share in 2016. On the basis of method, it is segmented into Molecular
Genetic Test/ DNA Test, Chromosomal Genetic Test, Biochemical Genetic Test.
Molecular Genetic tests/DNA was holding largest market share in 2016. On the
basis of type of test, the market is segmented into Diagnostic Test, Predictive
Test, Family DNA Test, and others. Diagnostic test accounted for the largest
market share in 2016. On the basis of indication it is segmented into Cancer
Testing, Neurogenetic Disorder Testing, Autoimmune Disorder Testing, Muscular
dystrophies, and others. Cancer Testing accounted for the largest market share
in 2016.
Regional Analysis
Regional Analysis
Considering the global scenario of the market, due
to continuous innovation, high awareness about the genetic testing and rapid
adoption of new technology, Americas is largest market and was holding 46.3%
market share of global Genetic testing in 2016. US is holding largest market
share in North America region. European genetic testing market is expected to
reach USD 2,553.10 million by 2023. On the other hand, due to increasing aging
population and advances in the medical fields, the Asia-Pacific (APAC) is
fastest growing market for Genetic testing and expected to grow at a CAGR of
10.1% during the forecast period. Middle East and Africa (ME&A) is likely
to have a limited growth in the market due to less awareness and lack of
required infrastructure.
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Browse Complete 140 Pages Premium Research Report Enabled with 174 Respective Tables and Figures at @ https://www.marketresearchfuture.com/reports/genetic-testing-market-2009
Detailed Table Of Contents
1 Report Prologue
2 Introduction
2.1
Definition
2.2 Scope Of
The Study
2.2.1
Research Objective
2.2.2
Assumptions
2.2.3
Limitations
2.3 Market
Structure
2.4. Market
Segmentation
3 Research Methodology
3.1 Research
Process
3.2 Primary
Research
3.3
Secondary Research
5 Market Dynamics
4.1
Drivers
4.2
Restraints
4.3
Opportunities
4.4 Mega
Trends
4.5
Macroeconomic Indicators
...Continued
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