Genetic Testing Market Detail Analysis (Impact of Covid-19), Share, Size, Future Opportunity to 2027

The global Genetic Testing Market was valued at $12 billion in 2019 and is expected to reach $21 billion by 2027, registering a CAGR of 10.1% from 2019 to 2027.

The genetic testing market is expected to experience significant growth during the forecast period, owing to increase in incidences of genetic disorders and cancer and rise in awareness & acceptance of personalized medicines. In addition, advancements in genetic testing techniques are expected to boost the market growth during the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/5241

𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼:
• The pandemic has also affected the genetic testing industry. For instance, the genetic testing market has been impacted negatively owing to factors such as unavailability of genetic counsellors, doctors, and laboratories professionals.

• Genetic counsellors are not recognized as healthcare providers by governmental bodies such as Centers for Medicaid Services (CMS). Hence, they are not exempted from practicing during lockdowns.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/5241

By region, North America was the leading revenue contributor to the global genetic testing market in 2019 and is expected to dominate the market during the forecast period. This is attributed to the presence of most of the major players in the region.

By type, the market is segmented into predictive testing and presymptomatic testing, carrier testing, prenatal and neonatal testing, diagnostic testing, pharmacogenomic testing, and others. Prenatal and Neonatal Testing dominated with the highest revenue in 2019 and is expected to maintain its dominance during the forecast period.

By technology, molecular testing captured a major share of the genetic testing market in 2019 and is expected to maintain its lead over the forecast period. This segment has grown since molecular testing is the most widely used technology for genetic testing. For example, the technology is used in genetic tests such as carrier testing, diagnostic testing, predictive and presymptomatic testing, and others.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
• Abbot Laboratories
• Bio-Rad Laboratories
• CSL Ltd.
• Illumina Inc.
• Myriad Genetics Inc.
• Qiagen N.V.
• Thermo Fisher Sicentific, Inc.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐥𝐨𝐠:
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• Demand for Plasma Fractionation Has Highly Increased across Vietnam: https://southkoreahealthcarepress.blogspot.com/2022/03/demand-for-plasma-fractionation-has.html

• Heparin Market Analysis in South Korea Region: Role of Heparin Drugs in Medicine: https://southkoreahealthcarepress.blogspot.com/2022/04/heparin-market-analysis-in-south-korea.html

• COVID-19 Impact on Workplace Wellness Market In South Korea Region: https://southkoreahealthcarepress.blogspot.com/2022/05/covid-19-impact-on-workplace-wellness.html

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