Genetic Testing Market Industry Trends, Market Size, Competitive Analysis and Fo

Posted by Lisa Davis on January 28th, 2020

The global genetic testing market was valued at ,502 million in 2017 and is projected to reach ,607 million by 2025, growing at a CAGR of 11.3% from 2019 to 2025.

Genetic testing, also called DNA testing, allows you to determine lineage and genetically diagnose susceptibility to hereditary diseases. In agriculture, you can assess the quality of breeding using a form of genetic testing known as progeny testing. In population ecology, genetic testing can be used to track the genetic strengths and fragility of a species population.

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This report focuses on the global top players, covered

•       Abbott
•       bioMérieux
•       Bio-Rad Laboratories
•       F. Hoffmann-La Roche
•       Myriad Genetics
•       QIAGEN
•       Quest Diagnostics

The demand for genetic testing is growing owing to the increasing genetic mutations in fetuses and newborns and growing prevalence of hereditary genetic disorders, and infectious diseases. In the US, a large number of infants are being born with congenital heart disease (CHD). Owing to factors such as genetic conditions, the consumption of medications or alcohol during pregnancy, or viral infection, infants are susceptible to developing CHD. market study identifies the growing prevalence of genetic disorders to be one of the primary growth factors for the genetic testing market. CHD may occur in infants in varying patterns such as autosomal dominant, autosomal recessive, X-linked dominant, and X-linked recessive. A key vendor manufactured Invitae Congenital Heart Disease Panel, that can analyze efficiently 42 genes that cause CHD prematurely.

A full report of Global Genetic Testing Market is available at: https://www.orionmarketreports.com/genetic-testing-market/10659/

Scope of the Report

The research study analyzes the global Genetic Testing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Market segment by Type, the product can be split into

•          Analyzers
•          Consumables

Market segment by Application, the market can be split into

•          Predictive and Diagnostic Testing
•          Prenatal, Newborn, and Pre-Implantation Testing
•          Pharmacogenomic Testing
•          Forensic, Relationship, and Ancestry Testing

Key Questions Answered by Genetic Testing Market Report

1.       What was the Genetic Testing Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
2.       What will be the CAGR of Genetic Testing Market during the forecast period (2019-2025)?
3.       Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2025).
4.       Which manufacturer/vendor/players in the Genetic Testing Market was the market leader in 2018?
5.       Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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