Press release
North America Genetic Testing Services Market Will Escalate Rapidly in the Near Future | Illumina, Inc., Quest Diagnostics Incorporated, Exact Sciences Corporation
The North America Genetic Testing Services Market is expected to reach US$ 7,406.0 Mn in 2027 from US$ 3,044.4 Mn in 2019. The market is estimated to grow with a CAGR of 12.1% from 2020-2027.The growth of the market is driven by factors such as rising prevalence of the genetic diseases and rise in awareness & acceptance of personalized medicines. Also, growing preference towards Direct-To-Consumer (DTC) genetic testing, support of government to adopt genetic testing services is positively impacting the growth of the market in the review period. In addition, various strategic initiatives by the manufacturers, new product launch along with artificial intelligence (AI) powered genetic testing is likely to boost the growth of market.
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The demand for the market in the region is anticipated to witness growth at a significant rate during the forecast period owing to various factors such as, rising cancer patients, increasing government funding among others. The rising incidence of genetic diseases among the population in US and Canada during recent years has fuelled the demand for genetic testing market in the region during the forecast period.
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Major Key players covered in this report:
• Thermo Fischer Scientific Inc.
• Laboratory Corporation of America Holdings
• F. Hoffmann-La Roche Ltd.
• Illumina, Inc.
• Quest Diagnostics Incorporated
• Exact Sciences Corporation
• NeoGenomics Laboratories, Inc.
• Eurofins Scientific
• Ambry Genetics
• Centogene AG
• 23andMe, Inc.
NORTH AMERICA GENETIC TESTING SERVICES MARKET SEGMENTATION
North America Genetic Testing Services Market, by Type
• Predictive Testing
• Carrier Testing
• Prenatal Testing
• New-born Screening
• Others
North America Genetic Testing Services Market, by Disease
• Cancer
• Metabolic Diseases
• Cardiovascular Diseases
• Others
Order a Copy of this North America Genetic Testing Services Market research report https://www.businessmarketinsights.com/buy/single/TIPRE00009262
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Genetic Testing Services market.
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