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Genetic Testing Services Market to Boom in Near Future by 2025 Scrutinized In New Research America Holdings, F. Hoffmann-La Roche Ltd., Illumina, Inc., Quest Diagnostics Incorporated, Genomic Health, Inc., NeoGenomics Laboratories, Inc., Eurofins Scientif

01-30-2019 07:37 PM CET | Health & Medicine

Press release from: The Insight Partners

Genetic Testing Services Market

Genetic Testing Services Market

The Genetic Testing Services Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2019 – 2025, considering 2019 as the base year and 2019 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global genetic testing services market based on test type, application, and service provider. It also provides market size and forecast till 2025 for overall genetic testing services market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The genetic testing services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

Genetic testing is a process of analysis of human DNA in any of its form or related products such as RNA, chromosomes, DNA and others. Genetic testing is widely used for detection of diseases that are related to genotype, phenotype or mutation. Genetic testing is performed on tumors to diagnose cancer and plan the treatment. The major types of genetic testing are newborn screening, prenatal testing, pre-implantation testing, carrier testing, etc. Genetic testing is employed to identify the risk factors, to screen the newborns, and also in forensics.

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The List of Companies

1. Laboratory Corporation of America Holdings
2. F. Hoffmann-La Roche Ltd
3. Illumina, Inc.
4. Quest Diagnostics Incorporated
5. Genomic Health, Inc.
6. NeoGenomics Laboratories, Inc.
7. Eurofins Scientific
8. Ambry Genetics
9. CENTOGENE AG
10. 23and Me, Inc.

The genetic testing services market is expected to grow significantly in the coming years, owing to the key factors such as, rise in demand for advanced technique for genetic testing, rise in the prevalence of cancer and cardiovascular diseases, and benefits offered by genetic testing during the forecast period. In addition, government initiatives and increased R&D activities in the field are likely to propel the opportunities for the market players to develop more advanced products in the forecasted period.

The "Global Genetic Testing Services Market Analysis to 2025" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global genetic testing services market with detailed market segmentation by test type, application, service provider, and geography. The global genetic testing services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the genetic testing services market.

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The global genetic testing services market is segmented on the basis of test type, application, and service provider. On the basis of test type the segment is classified as prenatal testing, newborn screening, predictive & presymptomatic testing, and pharmacogenomic testing. The application segment is divided as oncology, autoimmune diseases and infectious diseases. The service provider segment is segmented as hospital-based laboratories, diagnostic laboratories, and specialty clinics.

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