The global genetic testing market size was USD 13.01 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.2% during the forecast period. Increasing prevalence of cancer and hereditary diseases, technological advancements, such as introduction of innovative new testing kits, rising focus on early disease detection and prevention, and decreasing cost of sequencing procedures are key factors driving market revenue growth.
The Global Genetic Testing Market Report, published by Emergen Research, offers an industry-wide assessment of the Genetic Testing market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period.
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Competitive Terrain:
The global Genetic Testing industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Amgen Inc., F. Hoffmann-La Roche Ltd, Eurofins Scientific, Exact Sciences Corporation, Illumina, Inc., myriad genetics, Inc., Thermo Fisher Scientific Inc., Abbott, Ambry Genetics, Siemens Healthcare GmbH, Biocartis, Laboratory Corporation of America Holdings, and Natera, Inc
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Genetic Testing market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Genetic Testing market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Genetic Testing market.
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Market Segmentations of the Genetic Testing Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Genetic Testing market on the basis of product, application, and region:
Segments Covered in this report are:
Offerings Outlook (Revenue, USD Billion; 2019-2032)
- Consumables & Reagents
- Instruments
- Services
Test Type Outlook (Revenue, USD Billion; 2019-2032)
- Predictive and Presymptomatic Testing
- Carrier Testing
- Nutrigenomic Testing
- Diagnostic Testing
- Prenatal and New-born Testing
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Cancer Diagnosis
- Genetic Disease
- Cardiovascular Disease (CVD)
- Others
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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