Press release
Genetic Testing Market Outlook: Heading To the Clouds
Genetic Testing
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1. Growth & Margins
Players that are having stellar growth track record is a must see view in the study that Analyst have covered. From 2014 to 2018, some of the company have shown enormous sales figures, with net income going doubled in that period with operating as well as gross margins constantly expanding. The rise of gross margins over past few years directs strong pricing power of the competitive companies in the industry for its products or offering, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to HTF MI, major business segments sales figure will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Type (, Newborn Screening , Diagnostic Testing , Carrier Testing , Preimplantation Genetic Diagnosis , Prenatal Diagnosis , Predictive and Presymptomatic Testing & Pharmacogenomics), by End-Users/Application (Cardiology , Dermatology , Hematology , Hereditary Cancer , Immunology , Metabolic Disorders and Newborn Screening , Neurology , Ophthalmology , Pediatric Genetics & Others), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Genetic Testing market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in some Asian countries opening new doors of opportunities, where CAGR is expected to be in double digits ##% from 2019 to 2026. This forecast of industry players hints good potential that will continue growth along with the industry's projected growth.
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3. Ambitious growth plans & rising competition?
Industry players are planning to introduce new products launch into various markets around the globe considering applications / end use such as Cardiology , Dermatology , Hematology , Hereditary Cancer , Immunology , Metabolic Disorders and Newborn Screening , Neurology , Ophthalmology , Pediatric Genetics & Others. Examining some latest innovative products that are vital and may be introduced in EMEA markets in last quarter 2019 and 2020. Considering all round development activities of GeneDx , Invitae , Pathway Genomics , Counsyl Inc , Asper Biotech , GenePlanet , Courtagen Life Sciences , Gene By Gene , Natera Inc , Regulatory , GeneTests , United Gene , HI Gene , Berry Genomics , 23andMe Inc , 360Jiyin , Novogene , CapitalBio , Agen , Biomedlab , Biomarker , Annoroad , Aiyin Gene , Aijiyin , Repconex , Find Bio-Tech , SinoGenoMax , Gene Kang , Geeppine & BGI, some players profiles are worth attention seeking.
4. Where the Genetic Testing Industry is today
Though latest year might not be that encouraging as market segments especially , Newborn Screening , Diagnostic Testing , Carrier Testing , Preimplantation Genetic Diagnosis , Prenatal Diagnosis , Predictive and Presymptomatic Testing & Pharmacogenomics have shown modest gains, growth scenario could have been changed if GeneDx , Invitae , Pathway Genomics , Counsyl Inc , Asper Biotech , GenePlanet , Courtagen Life Sciences , Gene By Gene , Natera Inc , Regulatory , GeneTests , United Gene , HI Gene , Berry Genomics , 23andMe Inc , 360Jiyin , Novogene , CapitalBio , Agen , Biomedlab , Biomarker , Annoroad , Aiyin Gene , Aijiyin , Repconex , Find Bio-Tech , SinoGenoMax , Gene Kang , Geeppine & BGI would have plan ambitious move earlier. Unlike past, but decent valuation and emerging investment cycle to progress in the North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Russia, Spain etc.), Asia-Pacific (China, India, Japan, Southeast Asia etc.), South America (Brazil, Argentina etc.) & Middle East & Africa (Saudi Arabia, South Africa etc.)., many growth opportunities ahead for the companies in 2020, it looks descent today but stronger returns would be expected beyond.
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Insights that Study is offering :
• Market Revenue splits by most promising business segments. [By Type (, Newborn Screening , Diagnostic Testing , Carrier Testing , Preimplantation Genetic Diagnosis , Prenatal Diagnosis , Predictive and Presymptomatic Testing & Pharmacogenomics), By Application (Cardiology , Dermatology , Hematology , Hereditary Cancer , Immunology , Metabolic Disorders and Newborn Screening , Neurology , Ophthalmology , Pediatric Genetics & Others) and any other business Segment if applicable within scope of report]
• Market Share & Sales Revenue by Key Players & Local Emerging Regional Players. [Some of the players covered in the study are GeneDx , Invitae , Pathway Genomics , Counsyl Inc , Asper Biotech , GenePlanet , Courtagen Life Sciences , Gene By Gene , Natera Inc , Regulatory , GeneTests , United Gene , HI Gene , Berry Genomics , 23andMe Inc , 360Jiyin , Novogene , CapitalBio , Agen , Biomedlab , Biomarker , Annoroad , Aiyin Gene , Aijiyin , Repconex , Find Bio-Tech , SinoGenoMax , Gene Kang , Geeppine & BGI]
• A separate section on Entropy to gain useful insights on leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Development Activity Including seed funding]
• Competitive Analysis: Company profile of listed players with separate SWOT Analysis, Overview, Product/Services Specification, Headquarter, Downstream Buyers and Upstream Suppliers.
• Gap Analysis by Region. Country break-up will help you dig out Trends and opportunity lying in specific territory of your business interest.
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Thanks for showing your interest; you can also get individual chapter wise section or region wise report version like ASEAN, GCC, LATAM, Western / Eastern Europe or Southeast Asia.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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