Middle East and Africa Pharmacogenetics Testing in Psychiatry/Depression Market to Notice Prominent Growth of USD 49.64 million with a CAGR 7.1% by 2029

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Data Bridge Market Research analyzes that the Middle East & Africa pharmacogenetics testing in psychiatry/depression market is expected to reach the value of USD 49.64 million by 2029, at a CAGR of 7.1% during the forecast period. Anxiety accounts for the largest type segment in the market due to the increasing depression rate among the Middle East & African populations. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.

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Market Overview:
Pharmacogenomic testing has recently become scalable and available to guide major depressive disorder (MDD). Clinicians increasingly recognize Pharmacogenomic (PGx) testing as an essential tool to guide medication decisions for psychiatric illnesses. Extensive implementation of PGx testing is driving the market in the forecast period.

The terms personalized medicine, stratified medicine, and precision medicine are close relatives of pharmacogenetics, but these are broader terms that also cover additional non-genetic factors.

Nevertheless, pharmacogenetics is an important component of these areas. Pharmacogenetics is primarily concerned with human germline DNA variation, but there have also been important recent advances in understanding mood disorders, and mental illnesses.

Pharmacogenetics testing studies the interaction between drug and gene response of a person and searches for the gene variation which is responsible for influencing the drug effect. The test is gaining high demand as many researchers and scientists identified the unique interaction between drugs and individual genes and provides valuable insights which subsequently be used to develop customized or personalized medication.

Some of the major players operating in the Middle East & Africa pharmacogenetics testing in psychiatry/depression market are

1. Genelex (Part of Invitae corporation)
2. Genewiz (Part of Azenta Life Sciences)
3. MD Labs
4. BiogeneiQ, Inc.
5. ONEOME, LLC
6. Myriad Genetics, Inc.
7. GenXys
8. Castle Biosciences, Inc.
9. PacBio
10. QIAGEN
11. Thermo Fisher Scientific Inc.
12. AB-Biotics.S.A.
13. Coriell Life Sciences
14. Eurofins Scientific
15. Illumina, Inc.
16. Dynamic DNA Laboratories
17. STADAPHARM GmbH
18. Color
19. Cnsdose
20. Genomind, Inc.
21. Healthspek
22. myDNA Life Australia Pty Ltd.
23. HudsonAlpha
24. Sonic Healthcare Limited

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