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Global Predictive Genetic Testing Market by Types (Predispositional Testing and Presymptomatic Testing), by Demographics (<35, 35 – 64 and 65+) Region and Forecast 2019 to 2025 Single Use License: US$ 4400 +1 (214) 884-6068
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Adroit Market Research Global Predictive Genetic Testing Market Is Set To Experience Impressive Market Growth With CAGR Of 12.0% Between 2019 To 2025 • The market growth is driven by key factors such as detection of genetic variation at high accuracy and drastic reduction in the cost of the test kits • Predictive genetic testing is generally a screening test taken by consumers to understand their likelihood of suffering with hereditary chronic diseases in later stages of their life. • Predispositional testing is spearheading the types segment on account of increasing number of women willing to undertake the predictive test to detect BRAC1 gene mutation and curb the prognosis of breast cancer in later stage of life. • Presymptomatic test re becoming popular eventually due to its ability to accurately detect genetic mutations associated with chronic autoimmune diseases such as Huntington’s disease etc. it gives feasibility for family with family history of these disease to prepare accordingly to cope the socioeconomic burden in later stage of the life.
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Adroit Market Research Global Predictive Genetic Testing Market Is Set To Experience Impressive Market Growth With CAGR Of 12.0% Between 2019 To 2025 • The 35 -64 demographics held the largest market in 2018, which is 50.60% and will be the fastest growing segment as well during the forecast period. The major parameters responsible for its dominance are disposable income to undertake the predictive genetic testing and the most inquisitive population to understand the chances of occurrence of genetic disorders in the later stage of life. Age group of <35 is showcasing impressive growth owing to increasing health awareness pertaining to utilization of predictive genetic testing in curbing psycho-social effects pertaining to the chronic diseases in later part of life. • In 2018, North America held the largest market share of 38.69% in the regional segment for global predictive genetic testing market. The key parameters associated with the market dominance are increasing public health awareness regarding the utility of predictive testing in detecting potential gene mutations associated with chronic diseases which helps the consumer to plan his socioeconomic conditions to curb the severity of the disease in later part of life. Domicile of key players such as Agilent Technologies, Inc., 23andMe, Illumina, Inc., etc. further strengthens the market growth in the region. European Medical Agency (EMA) has laid stringent regulatory and ethical guidelines pertaining to the data sharing of consumers opting for predictive genetic testing. Effective collaboration between academic research institutes and major players I the development of predictive genetic testing kits. Asia Pacific is going to be the fastest growing regional segment in the near future on account of rising prevalence of genetic disorders and developing healthcare infrastructure. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research Key segments of the predictive genetic testing market By Type, 2015-2025 (USD Million) • Predispositional testing • Presmptomatic testing By Demographics, 2015-2025 (USD Million) • <35 • 35 – 64 • 65+ Regional Overview, 2015-2025 (Kilo Tons) (USD Million): North America, Europe, Asia Pacific, Latin America, Middle East and Africa
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.
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