Genetic Testing Market is expected to reach $10,033.4 million by the end of 2023

Pune, India, 2017-Sep-06 — /EPR Network/ —

Market Synopsis of Global Genetic testing Market:

Market Scenario:

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.

The global genetic testing market has been evaluated as rapidly growing and is expected to grow further. Benefits such as predicting risk of diseases, genetic abnormalities along with prenatal and newborn congenital abnormalities etc. had increased the market of global genetic testing globally.

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 Key players of Global Genetic Testing Market:

• Abbott (U.S.)
• AutoGenomics (Ireland)
• Biocartis (Switzerland)
• Bio-Rad (U.S.)
• Cepheid (U.S.)
• EKF Diagnostics (U.K.)
• Elitech Group (France)
• IntegraGen (France)
• Interpace Diagnostics (U.S.)
• Myriad Genetics (U.S.)
• Perkin Elmir (U.S.A.)
• Quest Diagnostic (U.S.)
• Roche Diagnostic
• WaferGen Biosystem and others

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Genetic Testing Market Research Report- Global Forecast To 2022’’

 Regional Analysis of Global Genetic Testing Market:               

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.

 Commenting on this report, an analyst from Market Research Future (MRFR)’s team said: “The market for genetic testing is growing rapidly due to increasing demand of newborn and prenatal screening to detect congenital abnormalities and other molecular disorder; moreover these are expected to continue their growth in the coming future. There are various factors and opportunities which help the global genetic testing market to grow, major driving factors includes innovations and technological advancements for diagnosing as well as   increasing cases of prenatal and newborn congenital abnormalities. Some factors which hamper the growth of genetic testing market is high cost involved in the research and development process required for developing new technologies.

Segments:

Based on methods of testing

• cytogenetic,
• biochemical

Based on techniques used in screening

• PCR,
• southern blotting,
• ligation and others.

on the basis of application

• screening,
• diagnostic testing,
• prenatal testing,
• forensic testing,
• parental testing and others.

Similarly on the basis of end users

• hospitals
• research labs and centers
• institutions and others etc.

 

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Table of Content

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 Researches
   4.    Market Dynamics
   4.1    Drivers
   4.2    Restraints
   4.3    Opportunities
   4.4    Mega Trends
   4.5    Macroeconomic Indicators
   5.    Market Factor analysis
   5.1     Porters Five Forces
   6.    Global Genetic testing Market by Type
   Continue………

 

List of Tables

Table 1    Global Genetic Testing Market, By Methods, 2013-2022 (Usd Million)
Table 2    Global Genetic Testing Market, By Techniques, 2013-2022 (Usd Million)
Table 3    Global Genetic Testing Market By Application 2013-2022 (Usd Million)
Table 4    Global Genetic Testing Market, By End Users 2013-2022 (Usd Million)

Continue….

 

List of Figures

Figure 1    Research Process
Figure 2    Porters Five Forces Model
Figure 3    Global Genetic Testing Market Market, By Methods
Figure 4    Global Genetic Testing Market, By Techniques
Figure 5    Global Genetic Testing Market, By Application

Continue….

 

About Market Research Future:

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