Comprehensive Study of Genetic Testing Market 2024-2031: CAGR 12.4% Growth, Key Drivers, and Emerging Opportunities |23&Me Inc., Qiagen NV, Eurofins Scientific, PerkinElmer Inc

Global Genetic Testing Market was valued at US$ 16.22 Bn in 2023 and is forecast to reach a value of US$ 41.48 Bn by 2030 at a CAGR of 12.4% between 2023 and 2030.

The latest market intelligence report published by CMI with the title "Global Genetic Testing Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Clinical Diagnostic industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on Genetic Testing Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

*Key trends*

Direct-to-Consumer Genetic Tests Gain Traction

New DTC services are making genetics accessible to millions, driving 50% annual growth in this segment.

Precision Medicine Revolutionizes Treatments

Clinically-actionable genetic insights are powering personalized therapies for cancer and rare diseases.

Newborn Genetic Screening Expands

Universal screening catches conditions earlier, improving outcomes. 13 states have expanded mandatory panels since 2020.

Consumer Genomics Disrupts Wellness

At-home fitness and nutrition tests tap genetics to deliver hyper-customized lifestyle plans.

AI and Big Data Transform R&D

Machine learning accelerates variant discovery and drug development, slashing costs by 30%.

Want to access more insights? The journey starts from requesting Sample: : - https://www.coherentmarketinsights.com/insight/request-sample/5802

*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):

By Type: Carrier Testing, Diagnostic Testing, New-born Screening, Predictive and Presymptomatic Testing, Prenatal Testing, and Other Types
By Disease: Alzheimer's Disease, Cancer, Cystic Fibrosis, Sickle Cell Anemia, Duchenne Muscular Dystrophy, Thalassemia, Huntington's Disease, Rare Diseases, and Other Diseases
By Technology: Cytogenetic Testing, Biochemical Testing, and Molecular Testing

• By Regions and Countries

o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report:

◘ 23&Me Inc.
◘ Qiagen NV
◘ Eurofins Scientific
◘ PerkinElmer Inc.
◘ Illumina Inc.
◘ Danaher Corporation
◘ Myriad Genetics Inc.
◘ Abbott Laboratories
◘ F. Hoffmann-La Roche Ltd.
◘ Quest Diagnostics Incorporated
◘ BioRad Laboratories Inc.
◘ DiaSorin S.p.A. (Luminex Corporation)
◘ among others.

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Deep-dive Analysis:

The Report provides deep-dive qualitative and quantitative analysis on Genetic Testing Market for all the regions and countries covered below:

➢ North America (the United States, Canada, and Mexico)
➢ Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)
➢ Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)
➢ South America (Brazil, Argentina, and Rest of South America)
➢ Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)
➢ Each Country is covered in detail, and report provides qualitative and quantitative analysis on Genetic Testing Market on each country.

The research provides answers to the following key questions:

1.What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2.What are the key driving forces responsible for shaping the fate of the Genetic Testing market during the forecast period?
3.Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Genetic Testing market?
4.What are the prominent market trends influencing the development of the Genetic Testing market across different regions?
5.What are the major threats and challenges likely to act as a barrier in the growth of the Genetic Testing market?
6.What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the Genetic Testing and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

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