Europe Genetic Testing Market Outlook with Expected 12.3% CAGR 2018 – 2023 | Top Key Players - Genentech, Abbott Molecular, Ariosa Diagnostics, Biohelix, Biomerieux S.A., Celera, Cepheid

Marketprognosis.com Publish a New Market Research Report On “Europe Genetic Testing Market 2018 - 2023” which contains Europe key player’s survey information and forecast to 2023.

Overview of the Europe Genetic Testing Market:

The Europe Genetic Testing Market is expected to register a CAGR of 12.3% during the forecast period of 2018 - 2023.

Genetic testing has become quite prevalent in Europe over the last few years, with recent developments in molecular medicine expected to provide further impetus to this critical area. The integration of these technologies into the healthcare system necessitates that their application is implemented within a responsible framework of accompanying measures and activities.

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Personalized medicine, in which tailored therapy is made available to patients with an understanding of the molecular basis of disease, has become popular over the recent years. Genetic testing and genome sequencing are two of the most important tools that are used to understand the molecular basis of disease. European countries screen for several genetic diseases, as early detection of these diseases can prevent the onset of symptoms, or minimize the severity of the disease. Genetic testing for cancer diagnosis can indicate the predisposition of the disease in the gene, before its actual manifestation. This type of diagnostic technique enables a person to take precautionary steps, and avoid possible risks in the future. So with the growing demand for personalized medicine, the genetic testing market is also expected to grow. The other factors, such as increased emphasis on early disease detection and prevention and increasing application of genetic testing in oncology are driving the European genetic testing market.

High cost has always been a barrier to the growth of the market studied. Many genetic tests, such as tests that identify whether a woman carries one of the several strains of human papillomavirus (the strains that increase the risk of getting cervical cancer), cost under USD 100. However, a few genetic tests, such as pre-implantation testing (pre-implantation genetic diagnosis (PGD)), fecal DNA testing, and others are expensive and are usually not covered by insurance providers.

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The German genetic testing market held the largest share in Europe with USD 427.3 million in 2017. However, Spain is expected to register the highest CAGR of 13.7% during the forecast period.

Major Key Players:

1 Genentech, Inc.

2 Abbott Molecular

3 Ariosa Diagnostics, Inc.

4 Biohelix Corporation (Wholly owned Subsidiary of Quidel)

5 Biomerieux S.A.

6 Celera Corporation

7 Cepheid

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Genetic Testing Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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