Global Pediatric Genetic Testing Market to Reach $12.06 Billion by 2030

According to a new market intelligence report by BIS Research titled “Global Pediatric Genetic Testing Market- Analysis and Forecast, 2020-2030”, the global pediatric genetic testing market was valued at $2.78 billion in 2019 and is anticipated to grow over $12.06 billion by 2030. The global pediatric genetic testing market is expected to grow at a double-digit compound annual growth rate of 14.30% in the forecast period 2020-2030, aided primarily by the impressive growth in the molecular diagnostics market.

BIS Research Report - https://bisresearch.com/industry-report/pediatric-genetic-testing-market.html

According to Nitish Singh, Principal Analyst at BIS Research, “The North- America region accounted for the largest share among all the regions, holding 42.57% of the global pediatric genetic testing market in 2019. This segment is anticipated to grow at a CAGR of 12.63% during the forecast period 2020-2030. However, it is expected that the Asia-Pacific region will witness the highest CAGR of 17.48% during the forecast period, 2020-2030.”

Research Highlights:

• The key players within the pediatric genetic testing market have most opted for product offering with a high share of 48.48% among all the key developmental strategies to expand their market.

• U.S. is the leading contributor in the pediatric genetic testing market globally. The country had a market value of $,100.6 million in 2019.

This market intelligence report provides a multi-dimensional view of the global pediatric genetic testing market in terms of market size and growth potential. This research report aims at answering various aspects of the global pediatric genetic testing market with the help of key factors driving the market, restraints that can possibly inhibit the overall growth of the market, and the current growth opportunities that are going to shape the future trajectory of the market expansion.

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Furthermore, the competitive landscape and industry insights chapter in the report explicates the competitive nature of the global market. It enables the reader to get acquainted with the recent market activities, such as product launches and approvals, partnerships, collaborations, business expansions, as well as mergers and acquisitions. The research report provides a comprehensive analysis of the product sales, manufacturers, trend analysis by segment, and growth share analysis by geographical region. Additionally, the report provides a comprehensive, attractive analysis, and opportunity analysis for the entire global genetic counseling market for 2019 and 2030.

This report is a meticulous compilation of research on more than 30 players in the market ecosystem. It draws upon insights from in-depth interviews with the key opinion leaders of more than 10 leading companies, market participants, and vendors. The report also comprises 15 detailed company profiles, including several key players, such as Quest Diagnostics, Centogene AG, Opko Health, Inc. , Eurofins Scientific, Abbott Laboratories, Invitae Corporation, Fulgent Genetics., Agilent Technologies, Inc., PerkinElmer, Inc., Thermofisher Scientic, Genomic Diagnostics, Unilabs, LifeCell International Pvt. Ltd., Trivitron Healthcare and Baebies, Inc.

The answers to the following key questions can be derived from this report:
• What are the different types of products and services available in the market, and what are the benefits offered by them?
• What are the major drivers, challenges, and opportunities in the global pediatric genetic testing market?
• What are the key development strategies implemented by the key players to stand out in this market?
• What are the regulations pertaining to the global pediatric genetic testing market?
• What are the initiatives implemented by different government bodies regulating the development and commercialization of genetic testing products and services?
• What are the leading companies dominating the global pediatric genetic testing market?
• What are the upcoming technologies that can take over the current technologies for pediatric genetic testing?
• What is the reimbursement scenario of the products offered in the global pediatric genetic testing market?
• What is the average cost of available technologies in pediatric genetic testing?
• Based on the application, which pediatric genetic testing application is anticipated to witness a massive rise in demand in the forecast period?
• What was the market value in 2019 of the leading segments and sub-segments of the global pediatric genetic testing market?
• How is each segment of the global pediatric genetic testing market expected to grow during the forecast period, and what is the revenue expected to be generated by each of the segments by the end of 2030?
• How is the industry anticipated to evolve during the forecast period 2020-2030?
• Which region is expected to contribute to the highest sales of the global pediatrics genetic testing market during the forecast period?
• What are the leading trends and consumer preferences witnessed in the global pediatric genetic testing markets?

Key trends targeted in the report:

 What are the emerging technologies in the pediatric genetic testing market? How are these trends revolutionizing the genetic testing landscape?

 Which companies are anticipated to be highly disruptive in the future, and why?

 What are the factors promoting and inhibiting the growth of genetic testing globally and regionally?

Related Reports:
Global Molecular Diagnostics Market:2018 to 2028 : https://bisresearch.com/industry-report/molecular-diagnostics-market.html

Global IVD (In-Vitro Diagnostics) Market: 2017 to 2023 : https://bisresearch.com/industry-report/global-ivd-market-forecast-2023.html

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About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
What distinguishes BIS Research from the rest of the players is that we don’t simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

This release was published on openPR.