Rare Disease Genetic Testing Market Is Expected To Reach $2.2 Billion By 2031 - Quest Diagnostics Inc, Arup Laboratories, Strand Life Sciences, Ambry Genetics, 3billion Inc

The Rare Disease Genetic Testing Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Rare Disease Genetic Testing market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Rare Disease Genetic Testing Market reached USD 0.8 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 2.2 billion by 2031. The global rare disease genetic testing market is expected to exhibit a CAGR of 13.7% during the forecast period (2024-2031).

Rare disease genetic testing is a diagnostic process used to identify genetic mutations or variations that may cause rare, inherited diseases. This testing involves analyzing an individual's DNA to detect specific gene mutations or abnormalities that are associated with rare conditions. It is particularly helpful in diagnosing diseases that may have unclear symptoms or overlap with other disorders, enabling healthcare providers to confirm diagnoses, understand the underlying genetic causes, and guide treatment options or genetic counseling. Rare disease genetic testing can be performed through various methods, such as whole genome sequencing or targeted gene panels.

Key Developments:

❁ On March 1, 2023, MedGenome Labs announced the launch of India's first-ever Facioscapulohumeral Muscular Dystrophy Type 1 (FSHD1) test. As the first commercial lab to offer this innovative genetic test, MedGenome Labs aims to provide individuals with FSHD1 an early and accurate diagnosis, enabling better disease management and improved treatment options.

List of the Key Players in the Rare Disease Genetic Testing Market:

Quest Diagnostics Inc, Arup Laboratories, Strand Life Sciences, Ambry Genetics, 3billion, Inc., Macrogen Inc, Color Genomics Inc, Centogene NV, Invitae Corporation and Myriad Genetics Inc

Research Process:

Both primary and secondary data sources have been used in the global Rare Disease Genetic Testing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Rare Disease Genetic Testing Market:

By Type: Neurological Disorders, Endocrine, Metabolism Diseases, Hematology Diseases, Immunological Disorders, Musculoskeletal, Others

By Technology: Next-Generation Sequencing, FISH, Array Technology, PCR-Based Testing, Sanger Sequencing, Karyotyping, Others

By Specialty: Molecular Genetic Tests, Chromosomal Genetic Tests, Biochemical Genetic Tests

By End User: Hospitals, Research Laboratories, Diagnostic Laboratories, Others

Regional Breakout:

The global Rare Disease Genetic Testing Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Rare Disease Genetic Testing manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Rare Disease Genetic Testing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Rare Disease Genetic Testing market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Rare Disease Genetic Testing market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Rare Disease Genetic Testing market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Rare Disease Genetic Testing market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Rare Disease Genetic Testing market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Rare Disease Genetic Testing market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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