U.S. Genetic Testing Market | 2021 Size, Global Industry Share, competitive Analysis, Growth Insights and Forecast 2027

US Genetic Testing Market Size| 2021 Covid-19 Impact On Automotive Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights. The US Genetic Testing Market size is expected to gain momentum by reaching USD 10.29 billion by 2027 while exhibiting an impressive CAGR of 13.0% between 2020 and 2027. This information is published by Fortune Business Insights in its latest report, titled, “U.S. Genetic Testing Industry, 2020-2027.” The report further mentions that the market stood at USD 4.11 billion in 2019. Factors such as increasing prevalence of chronic disorders and the increasing awareness regarding the efficacy of genetic testing in the U.S. will contribute to the growth of the market during the forecast period.

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List of the Companies Profiled in the Market:

Invitae Corporation
Ambry Genetics
BioReference Laboratories, Inc.
Progenity, Inc.
Quest Diagnostics Incorporated
Myriad Genetics, Inc.
Fulgent Genetics
Burning Rock Biotech Limited

Increasing Prevalence of Chronic Disorders to Augment Growth

According to the Centers for Disease Control and Prevention (CDC), chronic ailments such as cancer, heart disorders, and diabetes are the leading cause of disability and deaths of people across the U.S. Moreover, the U.S. healthcare system suffers an estimated USD 320 billion annually, in direct and indirect costs. Therefore, to reduce the healthcare costs, several healthcare companies contemplate offering advanced screening solutions to detect the disease at the preliminary stage and further prevent disease fatality. Moreover, increasing awareness regarding the efficacy of the genetic testing methods amongst the healthcare professionals is expected to favor the US Genetic Testing Market growth in the forthcoming years.

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Some major points from Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Regulatory Overview
Overview: Funding Raised by Genetic Testing focused Start-up Companies
Key Industry Developments - Mergers, Acquisitions, and Partnership
Porter’s Five Forces Analysis
SWOT Analysis
Impact of COVID-19 Pandemic on the US Genetic Testing Market
Analysis of Transactions in the Molecular Diagnostic Clinical Laboratory Market
Overview: Personalized Medicine Market Size (USD billion), U.S., 2019
Reimbursement Scenario
U.S. Genetic Testing Industry Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Technique
PCR
DNA Sequencing
Microarrays
Others
Market Analysis, Insights and Forecast – By Application
Cardiology
Oncology
Pharmacogenomics
Cognitive Dysfunction
Pathogenomics
Others
Market Analysis, Insights and Forecast – By Payer
Public Health Insurance
Private Health Insurance
Out-of-Pocket
Market Analysis, Insights and Forecast – By End User
Hospitals
Independent Laboratories
Competitive Analysis
U.S. Market Share Analysis (2019)
Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based On Availability))
Invitae Corporation
Ambry Genetics
BioReference Laboratories, Inc.
Progenity, Inc.
PathemaGX
Quest Diagnostics Incorporated
Myriad Genetics, Inc.
Fulgent Genetics
Burning Rock Biotech Limited
Continued...

What does the Report Provide?

The market report provides a qualitative and quantitative analysis of the market and focuses on key aspects such as the regulatory overview, key industry developments such as mergers, acquisitions, and partnerships, and funding raised by start-up companies that will impact the market. Additionally, the report offers valuable insights into the latest market trends and highlights key industry dynamics by adopting several research methodologies during the forecast period.

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