Genetic Testing Services Market Segmentation 2019 | Business Strategy and Rising Status of Top Key Players LabCorp, Roche, Illumina, Quest Diagnostics, Genomic Health, NeoGenomics Laboratories, Eurofins

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.

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.

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Some Of Major Key Players In Genetic Testing Services:-

• Laboratory Corporation of America Holdings
• F. Hoffmann-La Roche Ltd
• Illumina, Inc.
• Quest Diagnostics Incorporated
• Genomic Health, Inc.
• NeoGenomics Laboratories, Inc.
• Eurofins Scientific
• Ambry Genetics
• CENTOGENE AG
• 23and Me, Inc.

Competitive Analysis:-

Profiles of key genetic testing services companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

Key developments in the genetic testing services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from genetic testing services market are anticipated to lucrative growth opportunities in the future with the rising demand for genetic testing services in the global market.

Scope:- Genetic Testing Services Market

"Global Genetic Testing Services Market Analysis to 2027" is a specialized and in-depth study of the biotechnology 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.

Segmentation:- Genetic Testing Services Market

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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Regional Framework:-

Industry including both qualitative and quantitative information. It provides overview and forecast of the global genetic testing services market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 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 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting genetic testing services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the genetic testing services market in these regions.

Key Benefits of Buying this Research Study:

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Genetic Testing Services Market

2. Highlights key business priorities in order to assist companies to realign their business strategies

3. The key findings and recommendations highlight crucial progressive industry trends in the Genetic Testing Services Market, thereby allowing players across the value chain to develop effective long term strategies

4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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This release was published on openPR.