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Genetic Testing Market Analysis, Trends, Growth, Research And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032As per the genetic testing market report by The Business Research Company, the rising prevalence of genetic disorders is expected to propel the growth of the genetic testing market going forward.
The global genetic testing market size grew from $15.42 billion in 2022 to $17.23 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The genetic testing market size is expected to grow to $26.21 billion in 2027 at a CAGR of 11.1%.
Read More On The Genetic Testing Market Report Here:
https://www.thebusinessresearchcompany.com/report/genetic-testing-global-market-report
Major competitors in the genetic testing market include Abbott Laboratories, Bio-Rad Laboratories Inc., Eurofins Scientific, F. Hoffmann-La Roche Ltd., Illumina Inc., Myriad Genetics Inc., QIAGEN, Thermo Fisher Scientific, Quest Diagnostics, BGI Group, Biocartis Group, 23 and Me Inc., Blueprint Genetics, CSL Limited, bioMerieux SA, PerkinElmer Inc., and Agilent Technologies Inc.
The genetic testing market is segmented -
• By Type: Predictive Testing, Carrier Testing, Prenatal and Newborn Testing, Diagnostic Testing, Pharmacogenomic Testing, Nutrigenomic Testing, Other Types
• By Technology: Cytogenetic Testing, Biochemical Testing, Molecular Testing
• By Disease: Alzheimer's Disease, Cancer, Cystic Fibrosis, Sickle Cell Anemia, Duchenne Muscular Dystrophy, Thalassemia, Other Diseases
• By Application: Cancer Diagnosis, Genetic Disease Diagnosis, Cardiovascular Disease Diagnosis, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the genetic testing market.
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Genetic testing refers to a sort of medical examination that looks for alterations in genes, proteins, or chromosomes. A genetic test's results can identify a genetic ailment, as well as determine a person's risk of developing a genetic disorder. Genetic testing is used to confirm specific genetic disorders in children and their conditions based on physical signs and symptoms.
The Table Of Content For The Genetic Testing Market Include:
1. Executive Summary
2. Genetic Testing Market Characteristics
3. Genetic Testing Market Trends And Strategies
4. Genetic Testing Market - Macro Economic Scenario
5. Genetic Testing Market Size And Growth
……
26. Africa Genetic Testing Market
27. Genetic Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Genetic Testing Market
29. Genetic Testing Market Future Outlook and Potential Analysis
30. Appendix
The "Global Genetic Testing Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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