Global Genetic Testing Market Forecast 2019-2027
Key Findings Market Insights Regional Insights Competitive Insights
• Genetic testing can help determine the modifications that occurs within the genetic material that can result in various disease or illness. • The Global Genetic Testing Market is anticipated to grow at a CAGR of 10.59% between 2019 and 2027 to generate revenue of $20,507 million by 2027. • The important drivers that are increasing the growth of the global genetic testing market are growing usage of diagnosing genetic disorders and the rise in the incidence of genetic diseases.
• The growing usage of diagnosing genetic disorders, the rise in incidence of genetic diseases, minimal health risk associated with genetic testing, the surge in RNA pipeline tests, advances in genetic testing for cancer and the growing aging population are the key factors that are driving the market growth in the global scenario during the forecasting years of 2019-2027. • Inaccuracies in results and reimbursement issues are the major factors hindering the genetic testing market. Genetic testing offers many important opportunities for the assessment for risks in the genes and its diagnosis, but some of the genetic testing does not recognize all of the possible gene mutation which can be caused in particular condition or they just give limited predictive value.
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The Global Genetic Testing Market is anticipated to grow at a CAGR of 10.59% between 2019 and 2027 to generate revenue of $20,507 million by 2027.
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The North America Genetic Testing Market is estimated to project a CAGR of 10.74% during the forecast period 2019-2027.
The Europe Genetic Testing M arket is expected to grow at a CAGR of 10.33% during the forecast period 2019-2027.
The Asia Pacific Genetic Testing Market is expected to record at a CAGR of 10.93% during the forecast period 20192027.
Roche Diagnostics Corporation, PerkinElmer, Inc., Illumina, Inc., HTG Molecular Diagnostics, Inc., Pacific Biosciences of California, Inc., Myriad Genetics, Inc., Natera, Inc., Danahar Corporation (Cepheid), Qiagen N.V., Bio-Rad Laboratories, Inc., Abbott Laboratories, Luminex Corporation, Genomictree, Inc., Integragen S.A, Genentech, Inc., 23ANDME, DAAN Diagnostics Ltd., Oxford Biodynamics Limited, and Laboratory Corporation of America Holdings are the major companies operating in the market.
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