Genetic Testing Market Analyzed in a New Research Study

The Genetic Testing Market 2019 research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world.

The global genetic testing market was valued at $7,501.90 million in 2017 and is projected to reach $17,606.70 million by 2025, growing at a CAGR of 11.3% from 2018 to 2025.

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The global genetic testing market is expected to register substantial growth in the near future, owing to rise in incidence of genetic disorders & cancer and growth in awareness & acceptance of personalized medicines. In addition, advancements in genetic testing techniques are expected to boost the market growth during the forecast period. However, standardization concerns of genetic testing-based diagnostics and stringent regulatory requirements for product approvals are anticipated to hamper the market growth during the forecast period. Conversely, untapped emerging markets in developing countries are expected to provide remunerative opportunities for the market players.

KEY BENEFITS FOR STAKEHOLDERS
o This report provides a detailed quantitative analysis of the current market trends and future estimations from 2018 to 2025, which assists to identify the prevailing market opportunities.
o An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
o A comprehensive analysis of the factors that drive and restrain the growth of the global genetic testing market is provided.
o An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.

The global genetic testing market is segmented based on type, technology, application, and region. By type, the market is categorized into predictive testing, predictive testing, prenatal & newborn testing, diagnostic testing, pharmacogenomic testing, and others. On the basis of technology, the market is divided into cytogenetic testing, molecular testing, and DNA sequencing. By application, it is segmented into cancer diagnosis, genetic disease diagnosis, cardiovascular disease diagnosis, and others. Region wise, the market analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY MARKET PLAYERS
o Abbott Laboratories
o Bio-Rad Laboratories, Inc.
o Myriad Genetics, Inc.
o Danaher Corporation
o F. Hoffmann-La Roche Ltd.
o Eurofins Scientific
o Illumina, Inc.
o Qiagen N.V.
o Novartis International AG
o Thermo Fisher Scientific, Inc.

The other players in the value chain include (profiles not included in the report):
o Agilent Technologies, Inc.
o Empire Genomics, LLC.
o Irvine Scientific
o PerkinElmer, Inc.
o Sysmex Corporation

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