Varanasi News Magazine

Global Genetic Testing Market to record Steady Growth at 10.25% by 2030

 Breaking News
  • No posts were found

Global Genetic Testing Market to record Steady Growth at 10.25% by 2030

May 13
22:15 2022
Global Genetic Testing Market to record Steady Growth at 10.25% by 2030
The Global Genetic Testing Market
According to a new market research report launched by Inkwood Research, the Global Genetic Testing Market is set to reach $27.81 billion by 2030, recording a CAGR of 10.25% during the forecast period, 2022-2030.

Browse 72 Market Data Tables and 50 Figures spread over 260 Pages, along with in-depth analysis on the Global Genetic Testing Market byType, Technology, Application, Disease, & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Genetic Testing Market Scenario

Genetic testing helps identify individuals at a higher risk of developing a particular disorder or carrying a gene of a particular disorder. It also looks for changes in genes. This is because gene changes can cause genetic illnesses or disorders.

Further, genetic testing can help determine the nature of medication and dosage that will be beneficial and effective for the patient. This is because some people may be allergic to certain medicines due to genetic conditions. Therefore, genetic tests also aid in identifying the appropriate drug and dosage needed for the disease treatment to avoid further complications from drugs. Additionally, genetic testing and complementary procedures help minimize casualties. Such aspects drive market growth.

However, the market growth is restrained by government legislation and regulations. Medical corporations are obligated to adhere to stringent government regulations and rules, which can incur huge fines if not followed. For instance, the General Data Protection Regulation (GDPR) in the EU restricts companies from gathering vital information of patients for research in the medical field.

The Global Genetic Testing Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Genetic Testing Market by Type, Technology, Application, Disease, & by Geography: https://inkwoodresearch.com/reports/genetic-testing-market/#request-free-sample

Market Segmentation

Market by Technology

  • Cytogenetic Testing
  • Molecular Testing
  • Biochemical Testing

Market by Application

  • Genetic Disease Diagnosis
  • Cancer Diagnosis
  • Cardiovascular Disease Diagnosis
  • Other Applications

Market by Type

  • Carrier Testing
  • Prenatal and Newborn Testing
  • Pharmacogenomic Testing
  • Predictive & Presymptomatic Testing
  • Diagnostic Testing
  • Other Types

Market by Disease

  • Cystic Fibrosis
  • Duchenne Muscular Dystrophy
  • Cancer
  • Alzheimer’s Disease
  • Sickle Cell Anaemia
  • Huntington’s Disease
  • Thalassemia
  • Rare Diseases
  • Other Diseases

 

Report Highlights

– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2030, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2030

 

Companies Profiled

  • ILLUMINA INC
  • BGI GROUP
  • ELITECH GROUP
  • BIO-RAD LABORATORIES
  • ROCHE DIAGNOSTICS INC
  • QIAGEN
  • LUMINEX CORPORATION
  • 23&ME INC
  • MYRIAD GENETICS INC
  • CSL LIMITED
  • QUEST DIAGNOSTICS INC
  • DECODE GENETICS
  • EUROFINS SCIENTIFIC
  • PERKINELMER INC
  • ABBOTT LABORATORIES

 

Related Reports

GLOBAL DNA SEQUENCING MARKET – The global DNA sequencing market growth is set to record a CAGR of 17.05% during the estimated period, 2021-2028.

GLOBAL BIOTECHNOLOGY REAGENTS MARKET – The global biotechnology reagents market is projected to register a CAGR of  6.70% during the forecast period, 2020-2028.

Media Contact
Company Name: Inkwood Research
Contact Person: Arvind Iyer
Email: Send Email
Phone: 1-(857) 293-0150
Country: United States
Website: https://www.inkwoodresearch.com/