openPR Logo
Press release

2019 Trends and Industry Insights on Genetic Testing Market with Roche Diagnostics Middle East, Luminex Corporation

01-02-2019 02:34 PM CET | Health & Medicine

Press release from: Global Market Insights

Genetic Testing Market

Genetic Testing Market

Increasing applications of genetic testing for early detection and prevention of oncology and genetic diseases will accelerate the market growth throughout the forecast period. Around 6,00,920 cancer deaths occurred in the U.S. in 2017. Growing awareness among patients pertaining to early diagnosis of diseases will lead to timely treatment resulting in reduced mortality. Rising prevalence of diseases such as cancer, cystic fibrosis, Alzheimer’s and other genetic diseases worldwide will result in increasing number of people undergoing genetic testing for early diagnosis thereby fueling the market growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2490

Demand for direct-to-consumer (DTC) genetic testing is growing in the last few years. DTC genetic testing allows customers to know their genetic information without involving the physicians or other healthcare professionals. DTC testing allows customers to identify genetic predisposition to diseases such as cancer, Alzheimer’s and diabetes in order to facilitate a precautionary preparation for healthcare. Aforementioned factors will further boost the market growth over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Natera
• Myriad Genetics
• Counsyl
• MolecularMD
• Genomic Health
• QIAGEN
• 23andMe
• Cepheid
• Abbott Molecular Inc.
• Roche Diagnostics Middle East
• Luminex Corporation
• Celera Genomictree Inc.
• HTG Molecular Diagnostics
• IntegraGen
• LabCorp Diagnostic Laboratories
• Pathway Genomics Corporation
• Sequenom
• Genentech
• Bayer Diagnostics
• Biocartis
• bioMérieux

Diagnostic testing segment accounted for the highest market share with a revenue share of USD 5690.6 million and is expected to grow at a significant rate over the forecast timeframe owing to its wide applications in various diseases. Detection of diseases at early stage allow patients to undergo therapeutic treatment at an early stage and minimizes the severity of diseases leading to reduced mortality rate. Increasing prevalence of chronic diseases worldwide will augment the segment growth over the forecast period.

Cardiovascular disease diagnosis segment of genetic testing market will grow at the fastest CAGR of nearly12.8% owing to rising prevalence of cardiac diseases across the globe. Genetic testing allows testing for a wide range of cardiovascular diseases (CVDs) encompassing congenital heart malformations. Timely diagnosis of heart disorders helps save lives and reduce the number of CVD deaths. Healthcare system’s efforts towards reducing CVD incidences should fuel business growth over the forecast period.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2490

North America dominated the genetic testing market with a revenue of USD 6382.1 million in 2017 and is projected to grow at a significant rate over the forecast period. This is attributable to increasing incidences genetic diseases such as cancer, Turner syndrome, neurofibromatosis, and spinal muscular atrophy. Availability of new tests owing to technological advancements will fuel the demand for genetic testing. Advanced infrastructure coupled with high healthcare expenditure and regulatory support for direct-to-consumer genetic testing will further augment the market growth in the coming years.

Genetic Testing Market by Test type
o Predictive Testing
o Carrier Testing
o Prenatal and Newborn Testing
o Diagnostic Testing
o Pharmacogenomic Testing
o Others

Genetic Testing Market by Application
o Cancer Diagnosis
o Genetic Disease Diagnosis
o Cardiovascular Disease Diagnosis

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

Global Market Insights, Inc.
4 North Main Street
Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email:sales@gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 2019 Trends and Industry Insights on Genetic Testing Market with Roche Diagnostics Middle East, Luminex Corporation here

News-ID: 1466392 • Views: 493

More Releases from Global Market Insights

Medical Tourism Market 2019| Business Scope for Forecast period 2025
Mexico medical tourism market accounted for revenue of USD 2.4 billion in 2018, owing to availability of high-quality and efficient medical treatment at significantly lower cost as compared to other developed nations. Also, the Mexican government have invested a large proportion of their GDP towards improvement of healthcare infrastructure to improve the healthcare infrastructure. Increasing number of people suffering from various chronic diseases, rising demand for advanced treatment coupled with
U.S. Home Infusion Therapy Market 2019| Industry Developments, Outlook, Current …
U.S. Home Infusion Therapy Market will exceed USD 13.5 billion by 2024; as per a new research report. Increasing rates of hospital acquired infections have impacted the market growth positively. In American hospitals, infections associated with health care account for around 1.7 million infections and 99,000 deaths every year. These infections lead to chronic diseases that require continuous monitoring; thus, accelerate demand for home infusion therapies. The U.S. home infusion therapy
Automotive Films Market to accrue lucrative gains over the forecast timeframe
North America led by Canada and the U.S. automotive films market demand may witness gains over the forecast timeframe. This can be attributed to the increase in demand for personalized vehicles and presence of key leaders is expected to have a positive impact on the market. Moreover, robust growth in construction industry is anticipated to boost market demand. Europe automotive films market demand, led by Germany, Spain, UK, France and Russia
Composites Market to depict appreciable growth prospects over 2019-2025
Based on the fibre type Composite Market size can be segmented into; carbon fibres, fiberglass, aramid fiber & others. Carbon fibres have excellent tensile strength and resistance to temperatures, these mentioned properties make it desirable for the application in the aerospace and defence sector. On the other hand, fiberglass is nonconductive but not strong as carbon fibre making it suitable for the broadcast and transmission application. Based on the resin

All 5 Releases


More Releases for Test

Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Global Mechanical Test Equipment Industry Global Mechanical Test Equipment Indus …
This study focuses on the production side and consumption side of Mechanical Test Equipment, presents the global Mechanical Test Equipment market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Mechanical Test Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type. In terms of
Test Automation Market
Test automation is being utilized in software for comparing the tangible outcomes with expected software outcomes. Automatically, there are various tools that help in operation of controlling the test execution. Software testing which is done manually through which person operates on the computer and go through several stages needed for testing purpose such as trying various usage, application screens, and input combinations that compares the results to be projected behavior
Test Series for Gate
As the market is not only based on talent any more but demands smart brains scoring stupendous. As just being a graduate from a simple or less renowned college does not make you stand in the market that demands highly educated and professional citizens people are switching themselves for higher education to reputed university and the entrance gate for reputed colleges are only through exams like GATE. People are spending
immigration DNA Test In
Immigration Dna Test in India Advanced DNA offer Paternity, Maternity, Siblings, Immigration Dna Test etc. in India. We offer a wide range of testing methods available for establishing a biological relationship for immigration, which include both paternity, and maternity testing. However other relationships can be proved between Siblings, Aunts/Uncles, Nieces/Nephews and Grandparents through our Relationship Testing. What Is The Process I Need To Follow for an Immigration Test? Advanced DNA India our Immigration department
itelligence wins ERP test
SAP consulting house wins first place Bielefeld (Germany), June 12, 2009 – In a comparison for ERP systems, GPS Gesellschaft für Prüfung von Software mbH and MQ result consulting AG tested the state of technology for 2009. With its it.manufacturing solution, the SAP consulting house itelligence won first place in multi-site solutions for ERP systems with the best rating – both from the technical jury as well as from the public. On