Genetic Testing Market Comprehensive Study | Abbott Laboratories, Bio-Rad Laboratories, Inc. (RainDance Technologies, Inc.)

The ‘ Genetic Testing market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Genetic Testing market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Genetic Testing market size forecast, market data&Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.

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The genetic testing market accounted for $ 12,682 million in 2019, and is expected to reach $ 21,260 million by 2027, registering a CAGR of 10.1% from 2020 to 2027.

Genetic testing is the study of DNA that identifies gene mutation associated with a variety of genetic disorders. There are various types of genetic testing and several methods such as cytogenetic testing, biochemical testing, molecular testing, and chromosome analysis used to determine changes in a person's chromosomes, genes, or proteins. The results of a genetic tests confirm or diagnose a suspected genetic condition or help determine a person's chance of developing or passing on a genetic disorder.

Genetic testing plays a vital role in determining the risk of developing certain diseases as well as screening and sometimes medical treatment. Different types of genetic testing are done for different reasons such as presymptomatic and predictive testing, carrier testing, prenatal testing, and newborn screening.

The global genetic testing market is expected to register substantial growth in the future, owing to rise in incidences of genetic disorders and cancer and rise in awareness & acceptance of personalized medicines. For instance, Genetic testing has been widely used in pharmacogenomics, also referred as drug-gene testing. 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. For instance, Healthcare systems in developing countries such as Brazil, India, and China have experienced significant increase in investments in healthcare and infrastructure which leads to surge in demand for genetic testing in the region.

The global genetic testing market is segmented on the basis of type, technology, application, and region. By type, the market is categorized into predictive & presymptomatic testing, carrier testing, prenatal & newborn testing, diagnostic testing, pharmacogenomic testing, and others. On the basis of technology, it is divided into cytogenetic testing/chromosomal analysis, biochemical testing, and molecular testing. Molecular testing is further classified into DNA sequencing and others. By application, it is segmented into cancer diagnosis, genetic disease diagnosis, cardiovascular disease diagnosis, and others. By region, the genetic testing market size is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The major players in the genetic testing market are Abbott Laboratories, Bio-Rad Laboratories, Inc. (RainDance Technologies, Inc.), Myriad Genetics, Inc. (Myriad RBM, Inc.), Danaher Corporation (Cepheid), F. Hoffmann-La Roche Ltd., Eurofins Scientific, Illumina, Inc., Qiagen N.V., Thermo Fisher Scientific, Inc., and CSL Ltd.

KEY BENEFITS FOR STAKEHOLDERS
- This report entails a detailed quantitative analysis along with the current global negative pressure wound therapy devices market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessments.

- The market size and estimations are based on a comprehensive analysis of key developments in the industry.

- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
 
Key Market Segments
- By Type
o Predictive & Presymptomatic Testing
o Carrier Testing
o Prenatal & Newborn Testing
o Diagnostic Testing
o Pharmacogenomic Testing
o Others
- By Technology
o Cytogenetic Testing
o Biochemical Testing
o Molecular Testing
- By Application
o Cancer diagnosis
o Genetic Disease Diagnosis
o Cardiovascular Disease Diagnosis
o Others
- List of key players profiled in the report:
- Abbott Laboratories
- Bio-Rad Laboratories, Inc. (RainDance Technologies, Inc.)
- Myriad Genetics, Inc. (Myriad RBM, Inc.)
- Danaher Corporation (Cepheid)
- F. Hoffmann-La Roche Ltd.
- Eurofins Scientific
- Illumina, Inc.
- Qiagen N.V.
- Thermo Fisher Scientific, Inc.
- CSL Ltd.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN
(These players are not profiled in the report. The same will be included on request)
- PerkinElmer, Inc.
- Natera
- Sonic Healthcare

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

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Furthermore, the years considered for the study are as follows:
Historical year – 2014-2019 | Base year – 2019 | Forecast period** – 2020 to 2026 [** unless otherwise stated]

Changing Forecasts in a Time of Crisis: explores key issues, including:
• Future changes in consumer behavior
• High-frequency economic data
• Mapping Out a Potential Recovery
• Business Strategies During COVID-19
• Near & Long Term Risk Outlook, Risk Assessment and Opportunities
Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis
• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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Key Points Covered in Genetic Testing Market Report:

• Market Characteristics – The market characteristics section of the report defines and explains the Genetic Testing market. This chapter includes different goods and services covered in the report, basic definitions and market supply chain analysis.

• Global Market Size And Growth – This section contains the global historic and forecast market value, and drivers and restraints that support and control the growth of the market in the historic and forecast period 2020 Updated & COVID 19 Outbreak Impact Analysis

• Trends And Strategies – This chapter includes some of the major trends shaping the global Genetic Testing market by segment. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities 2020 Updated & Covid 19 Impact and Recovery

• PESTEL Analysis – This chapter covers the political, economic, social, technological, environmental and legal factors affecting a market.

• Customer Information – This section includes customer surveys in the Genetic Testing industry & Trends to Watch During the COVID-19 Outbreak

• Global Market Segmentation – This section contains global segmentation of the Genetic Testing market. Segmentation types include by region and by country segmentation of the Genetic Testing market. Drives Future Change

• Global Macro Comparison – The global Genetic Testing market comparison with macro-economic factors gives the Genetic Testing market size, percentage of GDP, and average Genetic Testing market expenditure.

• Macro Comparison By Country – The Genetic Testing market comparison with macro-economic factors across countries gives the Genetic Testing market size, percentage of GDP, by country and per capita average market expenditure.

• Region/Country Market Size And Growth – This section contains the region’s market size (2020), historic (2014-2019) and forecast (2020-2025) market value, and growth. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa) and major countries within each region.

• Competitive Landscape – This section covers details on the competitive landscape & COVID 19 Outbreak Impact Analysis, estimated market shares and company profiles for the leading players.

• Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.

• Opportunities And Strategies – This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.COVID-19 Economic Impact Reports &Providing Clarity in a Time of Crisis
Continued….
……..and view more in complete table of Contents

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