Genetic Testing Market Gaining Traction from Government Support by IndustryARC

Genetic Testing Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com

Genetic Testing Market 2019-2024

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Press Release Global Genetic Testing Market: Demand Analysis and Growth Forecast Genetic testing allows the perseverance of bloodlines and the genetic diagnosis of inherited diseases. In 2018, genetic testing companies offered Black Friday and Cyber Monday discounts for kits on the Thanksgiving occasion, and the event was successful since the DNA testing market has gained prominence worldwide. The increasing demand from the patients for medicines is fueling the genetic testing market globally. This success of genetic test is well-documented in the recent business intelligence publications by IndustryARC titled “Genetic Testing Market: By Type of Testing (Forensic Testing, Newborn Screening, Others); By Method (Molecular, Chromosomal, Biochemical); By Testing Sample (Saliva, Blood, Others); By Industry (Laboratories, Hospitals, Blood Banks, Others) – Forecast (2019 - 2025)”. The IndustryARC’s analyst has valued the genetic testing market at $7,300 to $8,300 million as of 2018, and the demand is estimated to grow at a progressive compound annual growth rate (CAGR) of 12.5% to 13.5% during the forecast period of 2019 to 2025. Genetic testing for dogs has upsurged in recent years. Recently, Embark, which conducts DNA tests for dogs, conducted a test that can easily find out the breed or breed mix of the dogs and also mentioned that high-octane pets are more Australian cattle dogs than any other dogs. Millions of dogs are being tested after this, and this has also raised the standards of DNA testing in the market. Browse 79 Market Tables, 178 Figures spread through 151 slides and an in-depth TOC “Genetic Testing Market (2019 - 2025)” Global Genetic Testing Market: Leading Segment North America accords to the largest share for the genetic testing market owing to the increasing investments made by the companies and the US government in the healthcare sector. It has been observed that the genetic testing market is gaining tremendous revenue due to the huge development in vaccines and drugs. The country has reduced the cost of series enabling the service at a very less price. North America had a regional share of 45% to 47% in 2018, which is almost equivalent to the rest of the world’s total contribution. Genetic technology is driving the cancer diagnostic market application, and the demand for the segment is expected to increase progressively in the near future. According to the National Center for Biotechnology Information, between 2014 and 2017, approximately 75,000 genetic tests had happened in the market, with almost 10 new tests entering the market daily. Global Genetic Testing Market: Disruptive Trends Genetic testing market has experienced a lot of change since the government has adopted the tests across the world. Few of those are mentioned below: Direct-to-Consumer Genetic Testing In 2017, the United States Food and Drug Administration (FDA) gave 23andMe a go-ahead to sell DNA tests to assess the level of risk for health conditions that include Parkinson’s and Alzheimer’s disease. DTC is a new concept amongst people that allows them to get the test done without seeking a prescription.

Genetic Testing Market

General Computing Trends towards DNA Testing Since there has been continuous technological development in the healthcare sector, artificial intelligence and general computing have made its way in genetic testing as well. There is an increased pace of adoption of EMR by companies for gene data which is further flourishing the genetic testing market. Increasing Cost Pressure on Payers The healthcare sector is one of the fastest growing sectors as compared to any other in terms of technology and innovative tests. As there is an increasing cost pressure, the payer has become more outcome-based rather than fee-service based. This is creating a need for genetic testing for personalized treatment. Genetic Analytics Tool Transforms Carrier There has been a revolution and transformation in genetic analysis tools and the way carrier screening is being conducted. A new tool, Applied Biosystems CarrierScan Assay, is a comprehensive and innovative microarray-based tool for the detection of sequence and structural variation. This development has had a significant impact on the demand for genetic testing. Global Genetic Testing Market: Recent Development Some of the key companies identified in the report that are currently holding majority shares in the global genetic testing market are Genentech, Inc., Sorenson Genomics, LLC, Abbott Molecular, Bayer Diagnostics, Biocartis, BioHelix, Celera Genomics, Genomic Health, HTG Molecular Diagnostics, PacBio, and Qiagen. Talk to one of our sales representative about the full report by providing your details in the link below: https://industryarc.com/support.php?id=15123 Related Reports: Predictive Genetic Testing And Consumer/Wellness Genomics Market- Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024 https://industryarc.com/Research/Predictive-Genetic-Testing-And-Consumer-Wellness-GenomicsMarket-Research-503783 Prenatal Testing & Newborn Screening Market: By Type (Screening & Diagnosis Tests); Technology (Tandem Mass Spectroscopy, Electrophoresis, Enzyme & Immuno Assays, DNA Based Assays); Instrument (Hearing Screen, Reagents, Assay Kits, Ultrasonography, Others) & By Geography Forecast (2018-2023) https://industryarc.com/Report/15078/prenatal-testing-newborn-screening-market.html About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. We look forward to supporting the client to be able to better address customer needs; stay ahead in

Genetic Testing Market

the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today. Contact Us: Mr. Venkateshwar Reddy Business Development Manager Email: sales@industryarc.com Contact Sales: 1-614-588-8538 (Ext-101) Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc

Genetic Testing Market

Industry Market Research for Business Leaders, Strategists, Decision Makers

Table of Contents 1. Genetic Testing Market Overview 2. Executive Summary 3. Genetic Testing Market Landscape 3.1. Market Share Analysis 3.2. Comparative Analysis 3.2.1. Product Benchmarking 3.2.2. End User Profiling 3.2.3. Top 5 Financials Analysis 4. Genetic Testing Market Forces 4.1. Market Drivers 4.2. Market Constraints & Challenges 4.3. Attractiveness of the Genetic Testing Industry 4.3.1. Power of Suppliers 4.3.2. Threats From New Entrants 4.3.3. Power of Buyer 4.3.4. Threat From Substitute Product 4.3.5. Degree of Competition 5. Genetic Testing Market-Strategic Analysis 5.1. Genetic Testing Market - Value Chain Analysis 5.2. Pricing Analysis 5.3. Opportunity Analysis 5.4. Product Life Cycle 5.5. Suppliers and Distributors 5.6. SWOT Analysis 6. Genetic Testing Market-By Types Of Testing 6.1. Introduction 6.2. Newborn Screening 6.3. Diagnostic Testing 6.4. Carrier Testing 6.5. Prenatal Testing 6.6. Forensic Testing 6.7. Predictive and Presymptomatic Testing 6.8. Others 7. Genetic Testing Market-By Methods 7.1. Introduction 7.2. Molecular Genetic Testing 7.3. Chromosomal Genetic Testing 7.4. Biochemical Genetic Testing 7.5. Others 8. Genetic Testing Market-By Testing Sample 8.1. Introduction 8.2. Blood 8.3. Saliva 8.4. Hair 8.5. Tumours 8.6. Others 9. Genetic Testing Market-By Industry 9.1. Laboratories 9.2. Blood Banks

Genetic Testing Market

9.3. Nursing Homes 9.4. Hospitals 9.5. Others 10. Genetic Testing Market-By Geography 10.1. North America 10.1.1. U.S. 10.1.2. Canada 10.1.3. Mexico 10.1.4. Brazil 10.2. Europe 10.2.1. U.K. 10.2.2. Germany 10.2.3. Italy 10.2.4. France 10.2.5. Rest of Europe 10.3. Asia-Pacific 10.3.1. China 10.3.2. South Korea 10.3.3. Australia & New Zealand 10.3.4. Japan 10.3.5. India 10.3.6. Rest of APAC 10.4. Rest of The World (RoW) 10.4.1. Middle East 10.4.2. Africa 10.4.3. South America 11. Genetic Testing Market-Entropy 11.1. New Product Developments 11.2. Product Launchers, JVs, Mergers and Acquisitions 12. Company profiles 12.1. Ranomics 12.2. Biocartis SA 12.3. Applied Biosystems, Inc. 12.4. Celera Group 12.5. Daan Diagnostics Ltd 12.6. Genentech, Inc. 12.7. Eastern Biotech 12.8. DNAFit 12.9. Perkinelmer, Inc. 12.10. Qiagen N.V. 12.11. DNA CONSULTANTS 12.12. Sorenson Genomics, LLC *More than 40 Companies are profiled in this Research Report, Complete List available on Request* "*Financials would be provided on a best efforts basis for private companies" 13. Appendix 13.1. List of Abbreviations 13.2. Sources 13.3. Research Methodology 13.4. Expert Insights 13.5. Disclaimer

Genetic Testing Market

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Genetic Testing Market

Industry Market Research for Business Leaders, Strategists, Decision Makers

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Genetic Testing Market